FY2016 Earnings Estimate for Spartan Energy Corp (SPE) Issued By Clarus Securities
Spartan Energy Corp (TSE:SPE) – Stock analysts at Clarus Securities raised their FY2016 earnings per share estimates for Spartan Energy Corp in a research report issued to clients and investors on Thursday. Clarus Securities analyst D. Choi now anticipates that the firm will post earnings per share of ($0.07) for the year, up from their previous estimate of ($0.10). Clarus Securities also issued estimates for Spartan Energy Corp’s FY2017 earnings at ($0.05) EPS.
Several other equities analysts have also recently weighed in on the company. National Bank Financial dropped their price objective on Spartan Energy Corp from C$4.25 to C$4.00 in a research note on Wednesday, August 3rd. Dundee Securities raised their price objective on Spartan Energy Corp from C$4.00 to C$4.15 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Scotiabank raised their price objective on Spartan Energy Corp from C$4.35 to C$4.50 and gave the company an “outperform” rating in a research note on Thursday, August 25th. Finally, TD Securities dropped their price objective on Spartan Energy Corp from C$5.00 to C$4.75 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$4.14.
Spartan Energy Corp (TSE:SPE) opened at 3.09 on Monday. Spartan Energy Corp has a 1-year low of $1.85 and a 1-year high of $3.65. The company has a 50 day moving average of $3.30 and a 200 day moving average of $3.27. The firm’s market capitalization is $1.27 billion.
Spartan Energy Corp Company Profile
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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