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Investment analysts at GMP Securities assumed coverage on shares of American Eagle Energy Corp (NASDAQ:AMZG) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. GMP Securities’ price objective would indicate a potential upside of 65.29% from the stock’s previous close.

American Eagle Energy Corp (NASDAQ:AMZG) traded up 0.83% on Tuesday, hitting $6.10. The stock had a trading volume of 27,251 shares. American Eagle Energy Corp has a 1-year low of $5.44 and a 1-year high of $12.00. The stock’s 50-day moving average is $6.25 and its 200-day moving average is $7.21. The company has a market cap of $185.5 million and a price-to-earnings ratio of 864.29.

American Eagle Energy Corp (NASDAQ:AMZG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. On average, analysts predict that American Eagle Energy Corp will post $0.22 earnings per share for the current fiscal year.

AMZG has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of American Eagle Energy Corp from $19.00 to $17.00 in a research note on Thursday, May 22nd. Separately, analysts at Brean Capital cut their price target on shares of American Eagle Energy Corp from $20.00 to $14.00 in a research note on Thursday, May 22nd. Finally, analysts at KLR Group cut their price target on shares of American Eagle Energy Corp from $10.00 to $9.00 in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $11.20.

American Eagle Energy Corporation is engaged in the exploration for petroleum and natural gas in the States of Nevada, Utah, Texas, Colorado, and North Dakota, the North Sea, and southeastern Saskatchewan, Canada, through the acquisition of contractual rights for oil and gas property leases and the participation in the drilling of exploratory wells.

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