Cormark Has Pessimistic Outlook of CVE:CEI FY2025 Earnings

Key Points

• Cormark has revised its FY2025 earnings per share estimate for Coelacanth Energy to $0.00, down from $0.01, while forecasting a modest recovery at $0.11 EPS for FY2026.
• Despite the earnings downgrade, Coelacanth Energy currently holds an average rating of "Strong Buy" among analysts, with an average price target of C$1.10.
• Insiders have sold a significant amount of shares, totaling C$320,493 in the last 90 days, indicating potential concerns about the company's performance.

Coelacanth Energy Inc. (CVE:CEI - Free Report) - Equities research analysts at Cormark dropped their FY2025 earnings per share estimates for Coelacanth Energy in a research report issued on Thursday, August 28th. Cormark analyst K. Baim now anticipates that the company will earn $0.00 per share for the year, down from their prior forecast of $0.01. Cormark also issued estimates for Coelacanth Energy's FY2026 earnings at $0.11 EPS.

A number of other brokerages have also recently commented on CEI. Ventum Cap Mkts upgraded Coelacanth Energy to a "strong-buy" rating in a research report on Wednesday, August 6th. Ventum Financial set a C$1.15 price target on Coelacanth Energy and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Roth Capital set a C$1.05 price target on Coelacanth Energy and gave the stock a "buy" rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat.com, Coelacanth Energy has a consensus rating of "Strong Buy" and a consensus target price of C$1.10.

Coelacanth Energy Price Performance

Coelacanth Energy stock traded up C$0.03 during mid-day trading on Friday, reaching C$0.85. 172,940 shares of the stock traded hands, compared to its average volume of 98,317. The stock has a market capitalization of C$452.37 million, a PE ratio of -42.50 and a beta of 0.73. Coelacanth Energy has a 12-month low of C$0.69 and a 12-month high of C$0.98. The business's 50-day moving average is C$0.82 and its 200-day moving average is C$0.84.

Insider Buying and Selling

In other news, Director Robert John Zakresky sold 170,573 shares of Coelacanth Energy stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$136,458.40. Also, Senior Officer Jody Denis sold 54,960 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$43,968.00. Over the last 90 days, insiders have sold 400,356 shares of company stock valued at $320,493. 31.60% of the stock is owned by insiders.

About Coelacanth Energy

Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia.