Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has been tipped as a ‘buy' as it confirmed a successful result in its latest horizontal well, CNB HZ-6. Zeus Capital, in a note, repeated its recommendation and highlighted a price target of 48.8p, suggesting the dual-listed firm's value could double from the current price of 24.05p.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced that its fifth Ubaque horizontal well, CNB HZ-6, at the Carrizales Norte field, has now been brought into production. The well initially produced 2,250 barrels of oil per day (bopd) gross, 1,125 bopd net) before being fitted with an electric submersible pump, which has since helped sustain production at over 1,900 bopd gross (960 bopd net) with a 31% water cut.
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants David Lim - Head, IR David Dauch - Chairman and CEO Chris May - EVP and CFO Conference Call Participants Ryan Brinkman - JPMorgan John Murphy - Bank of America Joe Spak - UBS Dan Levy - Barclays Tom Narayan - RBC James Picariello - BNP Operator Good morning. My name is Betsy, and I will be your conference facilitator today.
American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.11 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The mean of analysts' price targets for American Axle (AXL) points to a 26.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
American Axle (AXL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
American Axle (AXL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Marshall Abbott, CEO of Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF), shared an optimistic outlook on the company's onshore oil operations in Colombia at a recent One2One Investor Forum in London. Describing it as a "Klondike" environment for nimble operators, with increasing production, a focus on horizontal drilling, and substantial reserves, Abbott told attendees that the company is well-positioned for growth in Colombia.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) reported initial production from its latest horizontal well at the Carrizales Norte project, with the CNB HZ-5 well flowing over 2,700 barrels of oil per day (BOPD) gross. That equates to 1,350 BOPD net to Arrow.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its third horizontal well, CNB HZ-4, at the Carrizales Norte project's B pad, flowed in excess of 2,500 barrels of oil per day. The well was spudded in late July 28, reached its target depth in early August, has now come on production.