Roth Capital Lowers Earnings Estimates for Coelacanth Energy

Coelacanth Energy Inc. (CVE:CEI) – Analysts at Roth Capital decreased their FY2025 earnings per share estimates for shares of Coelacanth Energy in a report issued on Sunday, October 19th. Roth Capital analyst C. True now expects that the company will post earnings of ($0.03) per share for the year, down from their prior forecast of ($0.02). Roth Capital has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Coelacanth Energy’s FY2026 earnings at ($0.03) EPS, FY2027 earnings at ($0.02) EPS and FY2028 earnings at ($0.02) EPS.

A number of other research firms also recently issued reports on CEI. Ventum Cap Mkts raised Coelacanth Energy to a “strong-buy” rating in a research note on Wednesday, August 6th. Ventum Financial set a C$1.15 price objective on Coelacanth Energy and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, Coelacanth Energy currently has a consensus rating of “Strong Buy” and an average target price of C$1.10.

Coelacanth Energy Price Performance

CVE:CEI opened at C$0.79 on Wednesday. Coelacanth Energy has a 1 year low of C$0.69 and a 1 year high of C$0.98. The stock’s 50 day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.83. The company has a market cap of C$420.96 million, a price-to-earnings ratio of -39.50 and a beta of 0.63.

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.