Brokers Offer Predictions for Iron Bridge Resources Inc’s Q1 2018 Earnings (IBR)

Iron Bridge Resources Inc (TSE:IBR) – Research analysts at Cormark issued their Q1 2018 earnings per share estimates for shares of Iron Bridge Resources in a note issued to investors on Wednesday. Cormark analyst A. Arif forecasts 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.

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Separately, National Bank Financial downgraded shares of Iron Bridge Resources from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$1.00 to C$0.75 in a report on Thursday.

Iron Bridge Resources (IBR) opened at C$0.52 on Friday. The firm has a market cap of $87.41, a price-to-earnings ratio of -0.35 and a beta of 1.76. Iron Bridge Resources has a fifty-two week low of C$0.42 and a fifty-two week high of C$0.84.

In related news, Director Josh Young acquired 430,500 shares of Iron Bridge Resources stock in a transaction 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 ninety days, insiders have acquired 2,108,000 shares of company stock valued at $1,322,765.

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About Iron Bridge Resources

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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