CVE:NSE FY2024 EPS Forecast Lowered by Ventum Cap Mkts

New Stratus Energy Inc. (CVE:NSE) – Ventum Cap Mkts dropped their FY2024 earnings per share estimates for shares of New Stratus Energy in a 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 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 research note on Monday, September 23rd.

New Stratus Energy Stock Up 1.4 %

NSE stock opened at C$0.70 on Thursday. New Stratus Energy has a twelve month low of C$0.41 and a twelve month high of C$0.84. The stock 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’s fifty day simple moving average is C$0.52 and its two-hundred 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 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. Over the last 90 days, insiders have sold 238,436 shares of company stock valued at $110,235. 9.36% of the stock is currently owned by insiders.

About New Stratus Energy

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.