Altura Energy (CVE:ATU) had its price target dropped by research analysts at GMP Securities from C$0.80 to C$0.75 in a research report issued to clients and investors on Tuesday, May 7th, BayStreet.CA reports. GMP Securities’ target price points to a potential upside of 78.57% from the company’s current price.
Separately, Haywood Securities set a C$0.70 target price on Altura Energy and gave the stock a “buy” rating in a research note on Monday, February 11th.
Altura Energy stock traded down C$0.01 during midday trading on Tuesday, reaching C$0.42. The stock had a trading volume of 21,000 shares, compared to its average volume of 47,372. Altura Energy has a 12 month low of C$0.34 and a 12 month high of C$0.70. The firm has a market capitalization of $45.75 million and a price-to-earnings ratio of 15.00. The company has a debt-to-equity ratio of 4.97, a current ratio of 0.60 and a quick ratio of 0.56.
Altura Energy Company Profile
Altura Energy Inc engages in the exploration, development, and production of oil and natural gas in central Alberta. It holds interests in the oil producing units of the Leduc-Woodbend area located in Alberta. The company was formerly known as Northern Spirit Resources Inc and changed its name to Altura Energy Inc in October 2015.
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