Carbon Streaming (OTCMKTS:OFSTF) Issues Earnings Results

Carbon Streaming (OTCMKTS:OFSTF) released its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02, MarketWatch Earnings reports. Carbon Streaming had a negative return on equity of 10.15% and a negative net margin of 649.08%.

Carbon Streaming Price Performance

Carbon Streaming stock opened at $0.71 on Thursday. Carbon Streaming has a fifty-two week low of $0.52 and a fifty-two week high of $2.10. The firm’s 50 day simple moving average is $0.69 and its 200-day simple moving average is $0.97. The company has a market cap of $33.65 million, a P/E ratio of -4.44 and a beta of -59.63.

Wall Street Analyst Weigh In

OFSTF has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of Carbon Streaming from C$3.75 to C$2.25 in a research note on Friday, September 22nd. BMO Capital Markets decreased their price target on Carbon Streaming from C$2.25 to C$1.50 in a research note on Tuesday, August 15th. Finally, Raymond James cut Carbon Streaming from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 17th.

About Carbon Streaming

Carbon Streaming Corporation operates as an environmental, social, and governance principled investment vehicle that provides investors with exposure to carbon credits. The company focuses on acquiring, managing, and growing a diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly, or indirectly with voluntary and/or compliance carbon credits.