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Shares of American Eagle Energy Corp (NASDAQ:AMZG) were down 6.7% during trading on Tuesday after Northland Securities lowered their price target on the stock from $12.00 to $9.00, AnalystRatings.Net reports. Northland Securities currently has an outperform rating on the stock. American Eagle Energy Corp traded as low as $5.69 and last traded at $5.70, with a volume of 135,528 shares trading hands. The stock had previously closed at $6.11.

A number of other analysts have also recently weighed in on AMZG. Analysts at GMP Securities initiated coverage on shares of American Eagle Energy Corp in a research note on Tuesday, June 24th. They set a “buy” rating and a $10.00 price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $10.90.

The stock’s 50-day moving average is $6. and its 200-day moving average is $6.81. The company has a market cap of $177.3 million and a P/E ratio of 872.86.

American Eagle Energy Corp (NASDAQ:AMZG) last announced its earnings results on Monday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $16.46 million for the quarter, compared to the consensus estimate of $15.97 million. On average, analysts predict that American Eagle Energy Corp will post $0.21 earnings per share for the current fiscal year.

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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