Q3 EPS Estimate for New Stratus Energy Decreased by Analyst

New Stratus Energy Inc. (CVE:NSE) – Equities research analysts at Ventum Cap Mkts dropped their Q3 2024 earnings per share estimates for shares of New Stratus Energy in a research note issued on Monday, November 25th. Ventum Cap Mkts analyst A. Gill now anticipates that the company will earn ($0.01) per share for the quarter, 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 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 Trading Up 1.5 %

New Stratus Energy stock opened at C$0.69 on Wednesday. New Stratus Energy has a 12 month low of C$0.41 and a 12 month high of C$0.84. The business’s fifty day simple moving average is C$0.51 and its two-hundred day simple moving average is C$0.52. The company has a market capitalization of C$86.79 million, a price-to-earnings ratio of -8.63 and a beta of 1.17.

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 shares were 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 valued at $110,235 over the last ninety days. 9.36% of the stock is currently owned by corporate 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.