Shares of Altura Energy (ATU) were revisited by a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Robert Fitzmartyn, with a C$0.60 price target.
According to TipRanks.com, Fitzmartyn has currently no stars on a ranking scale of 0-5 stars, with an average return of -25.4% and a 13.1% success rate. Fitzmartyn covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Kelt Exploration Ltd, and Crew Energy Inc.
Altura Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.60.
Based on Altura Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$929K. In comparison, last year the company had a net profit of C$177K.
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 Friday at C$0.43.
