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Coelacanth Energy, Inc. ( (TSE:CEI) ) has shared an announcement.
Coelacanth Energy Inc. has announced the completion and commissioning of a new battery facility, leading to the production of nine Montney wells, which have exceeded initial production expectations despite moderated output due to low natural gas prices. The updated reserve report by GLJ reflects a significant increase in the company’s reserve value, with a reclassification of reserves to producing status and a notable increase in future net revenues, indicating a strong operational and financial position for Coelacanth.
The most recent analyst rating on (TSE:CEI) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Coelacanth Energy, Inc. stock, see the TSE:CEI Stock Forecast page.
Spark’s Take on TSE:CEI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CEI is a Neutral.
Coelacanth Energy, Inc. faces significant financial challenges, with inconsistent revenue growth and negative profitability metrics being the most impactful factors. Technical indicators suggest neutral market momentum, while valuation metrics are unattractive due to a negative P/E ratio and no dividend yield. These factors collectively result in a below-average stock score.
To see Spark’s full report on TSE:CEI stock, click here.
More about Coelacanth Energy, Inc.
Coelacanth Energy Inc. operates in the energy sector, focusing on the exploration and production of natural gas and oil, primarily in the Montney region. The company is engaged in developing its assets to enhance production and reserves.
Average Trading Volume: 49,350
Technical Sentiment Signal: Sell
Current Market Cap: C$431.6M
Find detailed analytics on CEI stock on TipRanks’ Stock Analysis page.