Northland Securities lowered their target price on shares of American Eagle Energy Corp (NASDAQ:AMZG) from $15.00 to $12.00 in a research note issued on Wednesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price suggests a potential upside of 95.12% from the company’s current price.
Shares of American Eagle Energy Corp (NASDAQ:AMZG) opened at 6.15 on Wednesday. American Eagle Energy Corp has a 1-year low of $6.03 and a 1-year high of $12.00. The stock’s 50-day moving average is $7.06 and its 200-day moving average is $7.9. The company has a market cap of $186.8 million and a price-to-earnings ratio of 57.64.
American Eagle Energy Corp (NASDAQ:AMZG) last released its earnings data on Wednesday, May 14th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Analysts expect that American Eagle Energy Corp will post $0.26 EPS for the current fiscal year.
A number of other firms have also recently commented on AMZG. Analysts at Wunderlich initiated coverage on shares of American Eagle Energy Corp in a research note on Tuesday, April 1st. They set a “buy” rating and a $14.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of American Eagle Energy Corp in a research note on Monday, March 31st. They set a “buy” rating and a $10.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of American Eagle Energy Corp from $3.00 to $10.00 in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a buy rating, American Eagle Energy Corp presently has a consensus rating of “Buy” and a consensus price target of $10.00.
American Eagle Energy Corporation is engaged in the exploration for petroleum and natural gas in the States of Nevada, Utah, Texas, Colorado, and North Dakota, the North Sea, and southeastern Saskatchewan, Canada, through the acquisition of contractual rights for oil and gas property leases and the participation in the drilling of exploratory wells.
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