Cequence Energy (CQE) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Cequence Energy (TSE:CQE) announced its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02, Analyst RN reports.
Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Cequence Energy from C$2.75 to C$2.50 in a research note on Thursday, July 17th. They now have an “underperform” rating on the stock. On a related note, analysts at TD Securities reiterated a “hold” rating on shares of Cequence Energy in a research note on Monday, July 14th. They now have a C$3.25 price target on the stock, down previously from C$3.50. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Cequence Energy currently has an average rating of “Hold” and a consensus target price of C$3.26.
Cequence Energy (TSE:CQE) opened at 2.06 on Wednesday. Cequence Energy has a 52 week low of $1.46 and a 52 week high of $3.21. The stock’s 50-day moving average is $2.43 and its 200-day moving average is $2.47. The company has a market cap of $434.6 million and a P/E ratio of 103.50.
Cequence Energy Ltd. is engaged in the exploration, development, production and acquisition of crude oil and natural gas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.