Research Analysts Offer Predictions for Xebec Adsorption Inc.’s FY2021 Earnings (CVE:XBC)

Xebec Adsorption Inc. (CVE:XBC) – Stock analysts at M Partners issued their FY2021 EPS estimates for Xebec Adsorption in a research note issued on Wednesday, December 11th. M Partners analyst A. Hood forecasts that the company will post earnings of $0.20 per share for the year.

A number of other equities research analysts have also issued reports on the company. Desjardins reiterated a “buy” rating on shares of Xebec Adsorption in a research note on Wednesday, October 23rd. Canaccord Genuity set a C$2.50 target price on Xebec Adsorption and gave the company a “speculative buy” rating in a research note on Monday, November 25th.

Xebec Adsorption stock opened at C$2.20 on Thursday. The company has a debt-to-equity ratio of 38.20, a current ratio of 2.33 and a quick ratio of 1.98. Xebec Adsorption has a 12 month low of C$0.68 and a 12 month high of C$2.44. The company has a market cap of $161.92 million and a price-to-earnings ratio of 84.62. The stock’s 50-day moving average is C$2.08 and its 200-day moving average is C$1.71.

Xebec Adsorption (CVE:XBC) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.01 EPS for the quarter, hitting analysts’ consensus estimates of C$0.01. The firm had revenue of C$13.15 million during the quarter, compared to analysts’ expectations of C$12.43 million.

In other Xebec Adsorption news, insider Simon David Arnsby sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$2.27, for a total transaction of C$63,420.00. Following the completion of the sale, the insider now owns 7,017,000 shares in the company, valued at approximately C$15,893,505. Also, Director Kurt Sorschak sold 92,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$2.41, for a total value of C$222,443.00. Following the sale, the director now owns 2,518,896 shares of the company’s stock, valued at approximately C$6,070,539.36. In the last quarter, insiders sold 135,300 shares of company stock valued at $310,463.

Xebec Adsorption Company Profile

Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.

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Earnings History and Estimates for Xebec Adsorption (CVE:XBC)

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