Zacks Upgrades FX Energy to Neutral (FXEN)
FX Energy (NASDAQ:FXEN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a $3.40 price objective on the stock. Zacks‘ target price points to a potential upside of 1.80% from the stock’s previous close.
A number of other firms have also recently commented on FXEN. Analysts at MLV Capital downgraded shares of FX Energy from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 19th. Separately, analysts at Brean Capital raised their price target on shares of FX Energy from $6.25 to $7.50 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of FX Energy in a research note to investors on Thursday, July 18th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $5.98.
FX Energy (NASDAQ:FXEN) traded down 1.80% on Wednesday, hitting $3.28. The stock had a trading volume of 299,216 shares. FX Energy has a one year low of $2.48 and a one year high of $6.59. The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.48. The company’s market cap is $175.2 million.
FX Energy (NASDAQ:FXEN) last announced its earnings results on Thursday, August 8th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.19. The company had revenue of $8.20 million for the quarter, compared to the consensus estimate of $9.13 million. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts expect that FX Energy will post $-0.23 EPS for the current fiscal year.
FX Energy, Inc is an independent oil and gas exploration and production company with production, appraisal, and exploration activities in Poland.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.