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WesternZagros Resources (CVE:WZR) announced its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, AmericanBankingNews.com reports.

On a related note, analysts at TD Securities cut their price target on shares of WesternZagros Resources from C$1.70 to C$1.50 in a research note on Thursday, March 20th. They now have a “speculative buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$1.86.

WesternZagros Resources Ltd.(CVE:WZR) is an international oil and gas company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq.

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