CVE:CEI FY2025 EPS Forecast Reduced by Ventum Cap Mkts

Coelacanth Energy Inc. (CVE:CEI) – Equities researchers at Ventum Cap Mkts lowered their FY2025 earnings per share (EPS) estimates for shares of Coelacanth Energy in a research note issued on Tuesday, October 21st. Ventum Cap Mkts analyst A. Gill now anticipates that the company will post earnings per share of ($0.02) for the year, down from their previous forecast of ($0.01). Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock.

CEI has been the subject of several other reports. Roth Capital set a C$1.05 price target on Coelacanth Energy and gave the company a “buy” rating in a report on Monday, July 14th. Ventum Financial set a C$1.15 price objective on Coelacanth Energy and gave the company a “buy” rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$1.10.

Coelacanth Energy Price Performance

CEI opened at C$0.83 on Friday. The business has a 50 day simple moving average of C$0.83 and a 200-day simple moving average of C$0.83. The stock has a market capitalization of C$442.28 million, a P/E ratio of -41.50 and a beta of 0.63. Coelacanth Energy has a 12 month low of C$0.69 and a 12 month high of C$0.98.

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.