Newalta Co. (NAL) Forecasted to Post FY2018 Earnings of ($0.33) Per Share

Newalta Co. (TSE:NAL) – Equities researchers at National Bank Financial boosted their FY2018 EPS estimates for shares of Newalta in a research note issued to investors on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of ($0.33) per share for the year, up from their prior forecast of ($0.37). National Bank Financial currently has a “Sector Perform” rating and a $1.35 price target on the stock.

Separately, Scotiabank raised Newalta from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$1.50 to C$2.50 in a research report on Monday, March 5th.

Shares of Newalta (TSE NAL) opened at C$1.29 on Monday. Newalta has a 12-month low of C$0.66 and a 12-month high of C$2.34. The firm has a market capitalization of $115.47, a PE ratio of -2.38 and a beta of 0.88.

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Newalta Company Profile

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

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