Equities Analysts Set Expectations for Iron Bridge Resources Inc’s Q1 2018 Earnings (IBR)
Iron Bridge Resources Inc (TSE:IBR) – Equities research analysts at Cormark issued their Q1 2018 EPS estimates for Iron Bridge Resources in a note issued to investors on Wednesday. Cormark analyst A. Arif anticipates that the company will post earnings per share of $0.00 for the quarter. Cormark also issued estimates for Iron Bridge Resources’ Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS, FY2018 earnings at $0.02 EPS and FY2019 earnings at $0.03 EPS.
Separately, National Bank Financial cut shares of Iron Bridge Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$1.00 to C$0.75 in a research report on Thursday.
In related news, Director Josh Young purchased 430,500 shares of Iron Bridge Resources stock in a transaction that occurred on Tuesday, January 23rd. The stock was purchased at an average cost of C$0.68 per share, with a total value of C$292,740.00. Over the last three months, insiders purchased 2,108,000 shares of company stock valued at $1,322,765.
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Iron Bridge Resources Company Profile
Iron Bridge Resources Inc engages in the exploration, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin, primarily in the province of Alberta, Canada. It holds natural gas operations at Kaybob and Gilby, as well as develops Montney light oil assets in West Central Alberta.
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