Computer Modelling Group Ltd. (CMG) to Release Quarterly Earnings on Thursday
Computer Modelling Group Ltd. (TSE:CMG) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 10th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
Shares of Computer Modelling Group Ltd. (CMG) opened at 9.42 on Wednesday. Computer Modelling Group Ltd. has a one year low of $8.20 and a one year high of $11.32. The firm has a market capitalization of $748.71 million and a price-to-earnings ratio of 30.68. The firm has a 50-day moving average price of $9.96 and a 200 day moving average price of $10.07.
In related news, insider Robert Roy Eastick sold 15,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of C$10.17, for a total value of C$152,550.00. Also, Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of C$10.26, for a total value of C$205,200.00. In the last three months, insiders have sold 59,900 shares of company stock worth $612,875.
A number of brokerages have weighed in on CMG. Scotiabank increased their price target on Computer Modelling Group from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada reissued an “underperform” rating and set a C$8.00 price target on shares of Computer Modelling Group in a research note on Tuesday, May 23rd.
Computer Modelling Group Company Profile
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada, the United States, South America, Europe, Africa, Asia, and Australia. The company offers BUILDER, a windows based software that facilitates the gathering of a large volume of data and organizing it for the simulator; WINPROP, a windows based software, which determines the behavior and properties of reservoir fluids; STARS, a thermal and advanced processes reservoir simulator for the advanced modelling of steam, solvents, air, and chemical recovery processes; GEM, a reservoir simulation software for compositional and unconventional reservoir modelling; and IMEX, a black oil reservoir simulator that is used to model primary and secondary oil recovery techniques for conventional and unconventional oil/gas reservoirs.
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