Wunderlich Lowers GreenHunter Energy Price Target to $3.25 (GRH)
Investment analysts at Wunderlich decreased their price target on shares of GreenHunter Energy (NYSE:GRH) from $4.00 to $3.25 in a note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would suggest a potential upside of 198.17% from the company’s current price.
GreenHunter Energy (NYSE:GRH) traded up 0.92% during mid-day trading on Monday, hitting $1.10. 31,144 shares of the company’s stock traded hands. GreenHunter Energy has a 52 week low of $0.75 and a 52 week high of $1.96. The stock’s 50-day moving average is $1.23 and its 200-day moving average is $1.24. The company’s market cap is $37.2 million.
GreenHunter Energy (NYSE:GRH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.05). The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $10.42 million. On average, analysts predict that GreenHunter Energy will post $-0.35 earnings per share for the current fiscal year.
GreenHunter Energy, Inc is engaged in providing Total Water Management Solutions to oil and gas operators who are active in the Marcellus, Eagle Ford and Bakken shale plays.
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