Brokers Set Expectations for Spartan Energy Corp’s FY2017 Earnings (SPE)
Spartan Energy Corp (TSE:SPE) – Investment analysts at Clarus Securities issued their FY2017 earnings estimates for Spartan Energy Corp in a report issued on Tuesday. Clarus Securities analyst D. Choi forecasts that the company will post earnings of ($0.11) per share for the year. Clarus Securities also issued estimates for Spartan Energy Corp’s FY2018 earnings at $0.00 EPS.
Separately, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$3.75 target price on shares of Spartan Energy Corp in a report on Wednesday, June 7th. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of C$4.27.
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Shares of Spartan Energy Corp (TSE:SPE) opened at 5.13 on Thursday. The company’s market cap is $901.05 million. The company has a 50 day moving average price of $5.90 and a 200 day moving average price of $7.02. Spartan Energy Corp has a one year low of $5.03 and a one year high of $10.95.
In other news, Director Richard Francis Mchardy acquired 20,000 shares of Spartan Energy Corp stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of C$1.97 per share, with a total value of C$39,400.00. Also, insider Fotis Kalantzis acquired 40,000 shares of Spartan Energy Corp stock in a transaction on Monday, May 29th. The shares were purchased at an average cost of C$2.23 per share, for a total transaction of C$89,200.00. In the last ninety days, insiders have acquired 170,000 shares of company stock worth $367,600.
Spartan Energy Corp Company Profile
Spartan Energy Corp. operates as an oil and natural gas exploration and production company in Canada and the United States. The companys principal properties include the southeast Saskatchewan properties, which consist of approximately 396,407 net acres of land focused primarily on conventional open-hole horizontal wells drilled on Mississippian oil plays, such as the Frobisher, Alida, Souris Valley, Tilston, Midale, and Ratcliffe formations; and west central Saskatchewan property that comprises approximately 15,580 net acres of land targeting the Viking formation.
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