New Zealand Energy Corp (NZ) Posts Quarterly Results
New Zealand Energy Corp (CVE:NZ) released its earnings data on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01), AR Network reports.
NZ has been the subject of a number of recent research reports. Analysts at M Partners reiterated a “buy” rating on shares of New Zealand Energy Corp in a research note on Friday, May 2nd. They now have a C$0.40 price target on the stock, down previously from C$0.60. On a related note, analysts at Mackie downgraded shares of New Zealand Energy Corp from a “speculative buy” rating to a “hold” rating in a research note on Friday, May 2nd. They now have a C$0.25 price target on the stock, down previously from C$0.55. Finally, analysts at Dundee Securities cut their price target on shares of New Zealand Energy Corp from C$0.40 to C$0.20 in a research note on Friday, April 4th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$0.38.
New Zealand Energy Corp. (CVE:NZ) is an oil and natural gas company engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.
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