Xebec Adsorption Inc. (CVE:XBC) – Investment analysts at M Partners issued their Q4 2019 earnings estimates for shares of Xebec Adsorption in a report released on Tuesday, February 18th. M Partners analyst A. Hood anticipates that the company will earn $0.01 per share for the quarter. M Partners also issued estimates for Xebec Adsorption’s FY2021 earnings at $0.21 EPS.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity raised their price objective on shares of Xebec Adsorption from C$2.75 to C$5.00 in a research report on Friday, February 14th. Desjardins restated a “buy” rating on shares of Xebec Adsorption in a research report on Wednesday, October 23rd. Finally, Raymond James set a C$5.00 price objective on shares of Xebec Adsorption and gave the stock a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Xebec Adsorption currently has a consensus rating of “Buy” and a consensus target price of C$4.33.
Shares of CVE:XBC opened at C$4.52 on Thursday. Xebec Adsorption has a 52-week low of C$1.03 and a 52-week high of C$4.67. The company has a market capitalization of $319.76 million and a P/E ratio of 173.85. The company has a 50-day simple moving average of C$3.04 and a 200 day simple moving average of C$2.12. The company has a debt-to-equity ratio of 38.20, a quick ratio of 1.98 and a current ratio of 2.33.
In other Xebec Adsorption news, insider Simon David Arnsby sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$2.27, for a total transaction of C$63,420.00. Following the completion of the sale, the insider now directly owns 7,017,000 shares in the company, valued at C$15,893,505. Also, Director Kurt Sorschak sold 92,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$2.41, for a total transaction of C$222,443.00. Following the sale, the director now owns 2,518,896 shares of the company’s stock, valued at C$6,070,539.36.
About Xebec Adsorption
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.