FY2017 EPS Estimates for Pain Therapeutics, Inc. (PTIE) Increased by Analyst
Pain Therapeutics, Inc. (NASDAQ:PTIE) – Investment analysts at Gabelli raised their FY2017 earnings estimates for Pain Therapeutics in a research report issued to clients and investors on Wednesday. Gabelli analyst K. Kedra now expects that the biopharmaceutical company will earn ($1.90) per share for the year, up from their prior estimate of ($2.20). Gabelli also issued estimates for Pain Therapeutics’ FY2018 earnings at ($2.50) EPS, FY2019 earnings at ($5.00) EPS, FY2020 earnings at ($4.70) EPS and FY2021 earnings at ($3.50) EPS.
PTIE has been the subject of a number of other research reports. ValuEngine lowered Pain Therapeutics from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered Pain Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th.
Shares of Pain Therapeutics (NASDAQ PTIE) opened at $7.80 on Friday. The stock has a market capitalization of $51.44, a P/E ratio of -4.24 and a beta of 2.11. Pain Therapeutics has a twelve month low of $3.10 and a twelve month high of $12.80.
Pain Therapeutics (NASDAQ:PTIE) last announced its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.40) earnings per share (EPS) for the quarter.
A hedge fund recently bought a new stake in Pain Therapeutics stock. Dimensional Fund Advisors LP acquired a new position in Pain Therapeutics, Inc. (NASDAQ:PTIE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 59,989 shares of the biopharmaceutical company’s stock, valued at approximately $247,000. Dimensional Fund Advisors LP owned approximately 0.91% of Pain Therapeutics as of its most recent SEC filing. 35.99% of the stock is currently owned by institutional investors and hedge funds.
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About Pain Therapeutics
Pain Therapeutics, Inc is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company’s lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company’s other products is FENROCK.
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