Xebec Adsorption Inc. (CVE:XBC) – Equities researchers at M Partners cut their FY2020 EPS estimates for Xebec Adsorption in a research note issued to investors on Wednesday, December 11th. M Partners analyst A. Hood now anticipates that the company will post earnings of $0.11 per share for the year, down from their prior forecast of $0.14.
Several other equities research analysts have also commented on the company. Desjardins reissued a “buy” rating on shares of Xebec Adsorption in a research note on Wednesday, October 23rd. Canaccord Genuity set a C$2.50 price target on Xebec Adsorption and gave the stock a “speculative buy” rating in a research note on Monday, November 25th.
Xebec Adsorption (CVE:XBC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.01. The firm had revenue of C$13.15 million for the quarter, compared to analysts’ expectations of C$12.43 million.
In related news, insider Simon David Arnsby sold 28,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$2.27, for a total value of C$63,420.00. Following the sale, the insider now owns 7,017,000 shares of the company’s stock, valued at approximately C$15,893,505. Also, Director Kurt Sorschak sold 92,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$2.41, for a total value of C$222,443.00. Following the completion of the sale, the director now directly owns 2,518,896 shares in the company, valued at approximately C$6,070,539.36. In the last ninety days, insiders sold 135,300 shares of company stock worth $310,463.
Xebec Adsorption Company Profile
Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.
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