New Stratus Energy Inc. (CVE:NSE - Free Report) - Analysts at Ventum Cap Mkts cut their FY2024 earnings estimates for shares of New Stratus Energy in a research report issued on Monday, November 25th. Ventum Cap Mkts analyst A. Gill now expects that the company will earn ($0.05) per share for the year, down from their previous estimate of $0.01. Ventum Cap Mkts has a "Strong-Buy" rating on the stock. The consensus estimate for New Stratus Energy's current full-year earnings is $0.44 per share. Ventum Cap Mkts also issued estimates for New Stratus Energy's Q4 2024 earnings at ($0.01) EPS.
Separately, Cormark raised shares of New Stratus Energy to a "moderate buy" rating in a report on Monday, September 23rd.
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New Stratus Energy Trading Up 1.4 %
CVE:NSE traded up C$0.01 during trading hours on Thursday, reaching C$0.70. The company had a trading volume of 45,955 shares, compared to its average volume of 146,738. The firm has a market cap of C$88.05 million, a price-to-earnings ratio of -8.63 and a beta of 1.17. The firm's 50 day moving average price is C$0.52 and its 200-day moving average price is C$0.52. New Stratus Energy has a 52 week low of C$0.41 and a 52 week high of C$0.84.
Insider Activity at New Stratus Energy
In related news, Director Marino Ostos Rosales sold 216,500 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$0.46, for a total transaction of C$99,806.50. In the last 90 days, insiders have sold 238,436 shares of company stock worth $110,235. Company insiders own 9.36% of the company's stock.
About New Stratus Energy
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New Stratus Energy Inc engages in the acquisition, exploration, and development of oil and gas properties principally in Latin America. It has a farm-in agreement to acquire 100% interests in Block VMM-18 located in Cuenca Valle Medio del Magdalena, Colombia; and operates Blocks 16 and 67 oil consortiums located in Ecuador.
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