Zargon Oil (ZAR) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS
Zargon Oil (TSE:ZAR) posted its quarterly earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.15, American Banking and Market News reports.
Zargon Oil (TSE:ZAR) opened at 8.10 on Tuesday. Zargon Oil has a 52-week low of $6.63 and a 52-week high of $9.90. The stock has a 50-day moving average of $8.91 and a 200-day moving average of $8.77. The company’s market cap is $244.0 million.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be given a dividend of $0.06 per share. This represents a yield of 7.85%. The ex-dividend date of this dividend is Tuesday, July 29th.
On the ratings front, analysts at TD Securities raised their price target on shares of Zargon Oil from C$9.00 to C$10.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock.
Zargon Oil & Gas Ltd. (TSE:ZAR), formerly Zargon Energy Trust, is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada and the United States.
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