Oryx Petroleum Co. Ltd (TSE:OXC) had its price target reduced by investment analysts at TD Securities from C$0.60 to C$0.45 in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential downside of 10.00% from the company’s previous close.

Several other research analysts have also commented on OXC. Royal Bank Of Canada lifted their price target on Oryx Petroleum Co. from C$0.60 to C$0.70 in a research report on Thursday, July 14th. Scotiabank reiterated a “sector perform” rating and issued a C$0.85 price target on shares of Oryx Petroleum Co. in a research report on Thursday, August 4th. Citigroup Inc. dropped their price target on Oryx Petroleum Co. from C$0.90 to C$0.60 in a research report on Friday, October 21st. Dundee Securities dropped their price target on Oryx Petroleum Co. from C$0.65 to C$0.45 in a research report on Thursday, November 10th. Finally, GMP Securities lowered Oryx Petroleum Co. from a “speculative buy” rating to a “hold” rating in a research report on Friday.

Shares of Oryx Petroleum Co. (TSE:OXC) opened at 0.50 on Friday. Oryx Petroleum Co. has a 1-year low of $0.42 and a 1-year high of $1.08. The company has a 50 day moving average price of $0.51 and a 200 day moving average price of $0.67. The stock’s market cap is $109.22 million.

Oryx Petroleum Co. Company Profile

Oryx Petroleum Corporation Limited is a Canada-based holding company for Oryx Petroleum group of companies (Oryx Petroleum). Oryx Petroleum is an independent oil and gas exploration and production company. Oryx Petroleum is engaged in acquiring, exploring, developing and producing oil from oil and gas assets.

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