Lightstream Resources (LTS) Releases Quarterly Earnings Results
Lightstream Resources (TSE:LTS) announced its earnings results on Friday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.19, Stock Ratings Network reports.
Lightstream Resources (TSE:LTS) opened at 6.30 on Friday. Lightstream Resources has a 1-year low of $5.06 and a 1-year high of $9.09. The stock has a 50-day moving average of $7.72 and a 200-day moving average of $6.83. The company’s market cap is $1.260 billion.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
LTS has been the subject of a number of recent research reports. Analysts at CIBC raised their price target on shares of Lightstream Resources from C$7.75 to C$9.00 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. On a related note, analysts at FirstEnergy Capital reiterated a “market perform” rating on shares of Lightstream Resources in a research note on Wednesday, July 16th. They now have a C$7.50 price target on the stock, down previously from C$8.00. Finally, analysts at Haywood Securities raised their price target on shares of Lightstream Resources from C$7.00 to C$8.00 in a research note on Wednesday, May 28th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$7.65.
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