Ventum Cap Mkts Has Bearish Outlook for CVE:NSE Q3 Earnings

New Stratus Energy Inc. (CVE:NSE) – Research analysts at Ventum Cap Mkts dropped their Q3 2024 earnings per share (EPS) estimates for shares of New Stratus Energy in a research note issued to investors on Monday, November 25th. Ventum Cap Mkts analyst A. Gill now expects that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast 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 Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.40 EPS.

Separately, Cormark raised shares of New Stratus Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

New Stratus Energy Stock Performance

Shares of CVE NSE opened at C$0.69 on Wednesday. The stock has a market cap of C$86.79 million, a price-to-earnings ratio of -8.63 and a beta of 1.17. New Stratus Energy has a fifty-two week low of C$0.41 and a fifty-two week high of C$0.84. The firm’s 50-day simple moving average is C$0.51 and its 200 day simple moving average is C$0.52.

Insider Activity

In other news, Director Marino Ostos Rosales sold 216,500 shares of New Stratus Energy 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 value of C$99,806.50. Over the last three months, insiders have sold 238,436 shares of company stock valued at $110,235. 9.36% of the stock is currently owned by insiders.

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.