Aveda Transportation and Energy Svcs Inc (AVE) Earns Speculative Buy Rating from Canaccord Genuity
Canaccord Genuity reiterated their speculative buy rating on shares of Aveda Transportation and Energy Svcs Inc (CVE:AVE) in a research note issued to investors on Wednesday, July 12th. They currently have a C$0.85 price objective on the stock.
Aveda Transportation and Energy Svcs (CVE:AVE) last announced its quarterly earnings results on Tuesday, May 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.01. The company had revenue of $40.96 million during the quarter, compared to analysts’ expectations of $40.10 million. Aveda Transportation and Energy Svcs had a negative net margin of 8.33% and a negative return on equity of 43.51%.
In other news, insider Bharat Mahajan purchased 189,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of C$0.53 per share, with a total value of C$100,170.00.
About Aveda Transportation and Energy Svcs
Aveda Transportation and Energy Services Inc is a Canada-based company engaged in the transportation of products, materials, and equipment required for the exploration, development and production of petroleum resources, including rig moving, heavy haul and hot shot services, and the rental of equipment associated with oilfields operations.
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