New Stratus Energy (CVE:NSE) Upgraded to Moderate Buy by Cormark

New Stratus Energy (CVE:NSE) was upgraded by analysts at Cormark to a “moderate buy” rating in a note issued to investors on Monday, Zacks.com reports.

Separately, Ventum Cap Mkts raised New Stratus Energy to a “strong-buy” rating in a research report on Wednesday, August 28th.

New Stratus Energy Price Performance

CVE NSE opened at C$0.45 on Monday. The stock’s fifty day moving average price is C$0.48 and its 200 day moving average price is C$0.55. New Stratus Energy has a 1 year low of C$0.42 and a 1 year high of C$0.84. The company has a market cap of C$56.60 million, a price-to-earnings ratio of -5.63 and a beta of 1.21.

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.