Altura Energy (TSXV: ATU), the Utilities sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$0.85 price target.
Fitzmartyn has an average return of 34.0% when recommending Altura Energy.
According to TipRanks.com, Fitzmartyn is ranked #4771 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altura Energy with a C$0.85 average price target.
Based on Altura Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$177K. In comparison, last year the company had a net profit of C$594K.
Altura Energy, Inc. engages in the exploration and development of oil and gas properties. The company was founded on September 8, 2007 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$0.59.
