CVE:NSE FY2024 EPS Forecast Decreased by Ventum Cap Mkts

New Stratus Energy Inc. (CVE:NSE) – Equities researchers at Ventum Cap Mkts cut their FY2024 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 forecasts that the company will earn ($0.05) per share for the year, down from their previous forecast of $0.01. Ventum Cap Mkts currently 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 research report on Monday, September 23rd.

New Stratus Energy Trading Up 1.4 %

Shares of CVE NSE opened at C$0.70 on Thursday. New Stratus Energy has a 12-month low of C$0.41 and a 12-month high of C$0.84. The firm has a market capitalization of C$88.05 million, a price-to-earnings ratio of -8.63 and a beta of 1.17. The firm has a 50 day moving average of C$0.52 and a 200 day moving average of C$0.52.

Insider Transactions at New Stratus Energy

In related news, Director Marino Ostos Rosales sold 216,500 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$0.46, for a total transaction of C$99,806.50. Insiders sold a total of 238,436 shares of company stock valued at $110,235 over the last three months. Corporate insiders own 9.36% of the company’s stock.

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.