Spartan Energy Corp (SPE) Expected to Post Q4 2017 Earnings of $0.01 Per Share
Spartan Energy Corp (TSE:SPE) – Analysts at Cormark lowered their Q4 2017 earnings estimates for Spartan Energy Corp in a research note issued on Friday. Cormark analyst G. Ursu now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.02. Cormark also issued estimates for Spartan Energy Corp’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.12 EPS.
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Spartan Energy Corp (TSE SPE) opened at 6.34 on Monday. The company’s market capitalization is $1.11 billion. Spartan Energy Corp has a 52-week low of $5.03 and a 52-week high of $10.60. The stock’s 50 day moving average price is $6.25 and its 200-day moving average price is $6.40.
In other news, Director Reginald James Greenslade purchased 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of C$6.13 per share, for a total transaction of C$116,470.00. Insiders have purchased 229,100 shares of company stock valued at $1,469,787 over the last quarter.
Spartan Energy Corp Company Profile
Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.
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