Highwood Asset Management (CVE:HAM) Upgraded to “Strong-Buy” by Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Highwood Asset Management (CVE:HAM) to a strong-buy rating in a research report released on Thursday, Zacks.com reports.

Separately, Atb Cap Markets reiterated an outperform rating on shares of Highwood Asset Management in a report on Monday, March 18th.

Highwood Asset Management Price Performance

HAM opened at C$5.25 on Thursday. The business’s fifty day moving average price is C$6.06. The stock has a market cap of C$78.23 million, a P/E ratio of 1.12 and a beta of -0.95. Highwood Asset Management has a 52 week low of C$4.00 and a 52 week high of C$8.50.

Highwood Asset Management (CVE:HAM) last released its quarterly earnings data on Thursday, May 16th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.48). The firm had revenue of C$24.52 million for the quarter, compared to analysts’ expectations of C$32.00 million. Highwood Asset Management had a return on equity of 80.32% and a net margin of 130.74%. Equities analysts anticipate that Highwood Asset Management will post 1.4537445 EPS for the current year.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.