Ivanhoe Energy Inc. (NASDAQ: IVAN) Given “Neutral” Rating by Zacks Investment Research Analysts

Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Ivanhoe Energy Inc. (NASDAQ: IVAN) in a research note to clients and investors on Thursday.

Ivanhoe Energy Inc. (Ivanhoe) is an independent heavy oil development and production company. The Company operates in four segments: Oil and Gas-Integrated, Oil and Gas-Conventional, Business and Technology Development and Corporate. The Company’s operations are carried out in Canada, China, Mongolia and Ecuador. On July 17, 2009, the Company completed the sale of its wholly owned subsidiary, Ivanhoe Energy (USA) Inc. In July 2009, the Company sold its United States oil and gas operations to Seneca South Midway LLC, a subsidiary of Seneca Resources Corporation. In November 2009, the Company completed the acquisition of PanAsian Petroleum Inc. (PPI), which provides it with the right to explore, develop and produce oil or gas within Block XVI in Mongolia’s Nyalga Basin.

Shares of Ivanhoe Energy Inc. (NASDAQ: IVAN) traded down 5.56% during mid-day trading on Friday, hitting $2.72. Ivanhoe Energy Inc. has a 52 week low of $1.46 and a 52 week high of $3.89. The stock’s 50-day moving average is $2.44 and its 200-day moving average is $2.11. On average, analysts predict that Ivanhoe Energy Inc. will post $-0.01 EPS next quarter. The company has a market cap of $909.1 million and a price-to-earnings ratio of N/A.

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