Beacon Securities Equities Analysts Lower Earnings Estimates for Altura Energy (ATU)

Altura Energy (CVE:ATU) – Beacon Securities lowered their Q3 2018 earnings estimates for shares of Altura Energy in a note issued to investors on Wednesday, May 16th. Beacon Securities analyst K. Wilson now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. Beacon Securities also issued estimates for Altura Energy’s FY2018 earnings at $0.04 EPS and FY2019 earnings at $0.07 EPS.

Altura Energy opened at C$0.57 on Thursday, MarketBeat reports. Altura Energy has a 1-year low of C$0.32 and a 1-year high of C$0.52.

Altura Energy (CVE:ATU) last announced its earnings results on Thursday, March 22nd. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$4.89 million for the quarter. Altura Energy had a net margin of 8.48% and a return on equity of 3.34%.

Altura Energy Company Profile

Altura Energy Inc engages in the exploration, development, and production of oil and natural gas in east central Alberta. It principally holds interests in the Eyehill, Killam, Macklin, Wildmere, and Leduc-Woodbend areas located in Alberta. The company was formerly known as Northern Spirit Resources Inc and changed its name to Altura Energy Inc in October 2015.

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