Marquee Energy Ltd (MQL) Receives Average Rating of “Hold” from Brokerages
Marquee Energy Ltd (CVE:MQL) has received an average recommendation of “Hold” from the eight ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$0.53.
Several research analysts recently issued reports on MQL shares. National Bank Financial cut their target price on shares of Marquee Energy from C$0.40 to C$0.35 in a research report on Wednesday, August 3rd. FirstEnergy Capital cut their target price on shares of Marquee Energy from C$0.40 to C$0.30 in a research report on Wednesday, August 24th. Haywood Securities cut their target price on shares of Marquee Energy from C$0.55 to C$0.35 and set a “buy” rating for the company in a research report on Monday, August 22nd. Acumen Capital upgraded shares of Marquee Energy from a “hold” rating to a “speculative buy” rating in a research report on Monday, August 22nd. Finally, Beacon Securities reiterated a “speculative buy” rating on shares of Marquee Energy in a research report on Thursday, July 28th.
About Marquee Energy
Marquee Energy Ltd. (Marquee) is a Canada-based oil and natural gas company focused on oil development and production. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in western Canada. Marquee’s principal properties are focused on exploring and producing from the Mannville and Banff plays in the Michichi area of east Alberta, and the Cummings and Sparky Heavy Crude Oil plays in the Lloydminster area.
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