New Stratus Energy (CVE:NSE) PT Raised to C$1.75 at Cormark

New Stratus Energy (CVE:NSEGet Free Report) had its target price boosted by equities research analysts at Cormark from C$1.50 to C$1.75 in a research report issued on Wednesday, BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 177.78% from the stock’s previous close.

Separately, Echelon Wealth Partners restated a “speculative buy” rating on shares of New Stratus Energy in a report on Monday, February 26th.

Get Our Latest Stock Analysis on New Stratus Energy

New Stratus Energy Price Performance

CVE NSE traded down C$0.02 on Wednesday, reaching C$0.63. The company had a trading volume of 345,020 shares, compared to its average volume of 135,738. The stock has a market cap of C$77.55 million, a PE ratio of 3.15 and a beta of 1.36. The stock’s 50 day moving average is C$0.62. New Stratus Energy has a 12 month low of C$0.21 and a 12 month high of C$0.84.

New Stratus Energy Company Profile

(Get Free Report)

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.

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