What is Ventum Cap Mkts’ Forecast for CVE:NSE Q3 Earnings?

New Stratus Energy Inc. (CVE:NSE) – Investment analysts at Ventum Cap Mkts lowered their Q3 2024 earnings estimates for New Stratus Energy in a research note issued on Monday, November 25th. Ventum Cap Mkts analyst A. Gill now forecasts that the company will post earnings per share of ($0.01) for the quarter, 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 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 upgraded New Stratus Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

New Stratus Energy Price Performance

NSE opened at C$0.68 on Wednesday. New Stratus Energy has a 1-year low of C$0.41 and a 1-year high of C$0.84. The stock has a market cap of C$85.53 million, a P/E ratio of -8.50 and a beta of 1.17. The stock’s 50 day simple moving average is C$0.51 and its 200 day simple moving average is C$0.52.

Insider Activity

In other news, Director Marino Ostos Rosales sold 216,500 shares of the company’s stock in a transaction on 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 238,436 shares of company stock worth $110,235 over the last ninety days. 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.