Altura Energy (ATU), the Utilities sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Robert Fitzmartyn from GMP FirstEnergy reiterated a Buy rating, with a C$0.75 price target.
According to TipRanks.com, Fitzmartyn ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -21.9% and a 16.8% success rate. Fitzmartyn covers the Basic Materials sector, focusing on stocks such as Kelt Exploration Ltd, Chinook Energy Inc, and Crew Energy Inc.
Currently, the analyst consensus on Altura Energy is a Moderate Buy with an average price target of C$0.75.
Altura Energy’s market cap is currently C$51.19M and has a P/E ratio of 22. The company has a Price to Book ratio of 1.22.
Altura Energy, Inc. is a junior oil and gas exploration, development and production company with operations in central Alberta. The company was founded on September 8, 2007 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$0.47.
