Rock Energy Receives Average Rating of “Buy” from Analysts (TSE:RE)
Shares of Rock Energy (TSE:RE) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, American Banking and Market News reports. Nine research analysts have rated the stock with a buy recommendation, The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$8.18.
Shares of Rock Energy (TSE:RE) traded up 4.89% on Friday, hitting $6.87. 147,219 shares of the company’s stock traded hands. Rock Energy has a 1-year low of $1.66 and a 1-year high of $7.45. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $5.85. The company’s market cap is $271.6 million.
Rock Energy (TSE:RE) last announced its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. On average, analysts predict that Rock Energy will post $0.15 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FirstEnergy Capital raised their price target on shares of Rock Energy from C$9.00 to C$10.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Analysts at Octagon Capital initiated coverage on shares of Rock Energy in a research note on Wednesday, May 28th. They set a “buy” rating on the stock.
Rock Energy Inc (TSE:RE) is an energy company engaged in the exploration for and development and production of crude oil and natural gas in Western Canada.
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