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WesternZagros Resources (CVE:WZR) was downgraded by analysts at Scotiabank to a “sector perform” rating in a research report issued to clients and investors on Monday.

Separately, analysts at TD Securities downgraded shares of WesternZagros Resources from a “speculative buy” rating to a “hold” rating in a research note on Friday, August 8th. They now have a C$1.30 price target on the stock, down previously from C$1.60. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$1.70.

WesternZagros Resources (CVE:WZR) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02.

WesternZagros Resources Ltd.(CVE:WZR) is an international oil and gas company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq.

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