Niko Resources (NKO) Announces Quarterly Earnings, Misses Estimates By $0.41 EPS
Niko Resources (TSE:NKO) released its earnings data on Friday. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.41, American Banking News.com reports.
On the ratings front, analysts at TD Securities cut their price target on shares of Niko Resources from C$9.00 to C$7.50 in a research note on Friday, July 4th. They now have a “speculative buy” rating on the stock. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of C$3.64.
Niko Resources (TSE:NKO) opened at 1.93 on Friday. Niko Resources has a 52 week low of $1.12 and a 52 week high of $6.51. The stock has a 50-day moving average of $2.05 and a 200-day moving average of $2.32. The company’s market cap is $175.1 million.
Niko Resources Ltd. (TSE:NKO) is engaged in the exploration for and development and production of natural gas and oil in India, Bangladesh, Indonesia, the Kurdistan region of Iraq, Trinidad, Pakistan and Madagascar.
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