FY2024 EPS Forecast for New Stratus Energy Cut by Analyst

New Stratus Energy Inc. (CVE:NSE) – Stock analysts at Ventum Cap Mkts reduced their FY2024 earnings estimates for shares of New Stratus Energy in a research note issued on Monday, November 25th. Ventum Cap Mkts analyst A. Gill now expects that the company will earn ($0.05) per share for the year, down from their prior 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 New Stratus Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

New Stratus Energy Stock Up 1.5 %

Shares of CVE:NSE opened at C$0.69 on Thursday. The company has a market cap of C$86.79 million, a P/E ratio of -8.63 and a beta of 1.17. The business has a fifty day simple moving average of C$0.51 and a 200-day simple moving average of C$0.52. New Stratus Energy has a 52 week low of C$0.41 and a 52 week high of C$0.84.

Insider Buying and Selling at New Stratus Energy

In other news, Director Marino Ostos Rosales sold 216,500 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$0.46, for a total value of C$99,806.50. Insiders have sold a total of 238,436 shares of company stock worth $110,235 in the last quarter. 9.36% of the stock is 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.