New Stratus Energy (CVE:NSE) Raised to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of New Stratus Energy (CVE:NSE) to a strong-buy rating in a report published on Wednesday morning, Zacks.com reports.

Separately, Cormark increased their price target on shares of New Stratus Energy from C$1.50 to C$1.75 in a research report on Wednesday, May 15th.

New Stratus Energy Trading Down 4.3 %

NSE opened at C$0.45 on Wednesday. New Stratus Energy has a 1-year low of C$0.45 and a 1-year high of C$0.84. The company has a market capitalization of C$56.31 million, a price-to-earnings ratio of -4.50 and a beta of 1.22. The stock has a 50 day moving average price of C$0.52.

New Stratus Energy (CVE:NSE) last posted its quarterly earnings results on Thursday, May 30th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.02). Equities research analysts expect that New Stratus Energy will post 0.3695652 EPS for the current year.

New Stratus Energy Company Profile

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.