Canacol Energy Ltd. (CNE) Given New C$5.00 Price Target at Royal Bank Of Canada
Canacol Energy Ltd. (TSE:CNE) had its target price boosted by Royal Bank Of Canada from C$4.60 to C$5.00 in a research note issued to investors on Wednesday. The firm currently has a sector perform rating on the oil and gas exploration company’s stock.
A number of other equities analysts have also recently issued reports on CNE. Scotiabank restated an outperform rating and issued a C$5.50 target price on shares of Canacol Energy in a report on Wednesday, July 27th. Canaccord Genuity lifted their target price on Canacol Energy from C$5.25 to C$5.75 in a report on Friday, July 29th. TD Securities restated an action list buy rating and issued a C$5.50 target price on shares of Canacol Energy in a report on Tuesday, August 2nd. Mackie lifted their target price on Canacol Energy from C$5.50 to C$6.00 and gave the stock a buy rating in a report on Friday, August 12th. Finally, RBC Capital Markets set a C$4.60 target price on Canacol Energy and gave the stock a sector perform rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$5.36.
Canacol Energy (TSE:CNE) traded up 0.23% during trading on Wednesday, reaching $4.45. The company had a trading volume of 72,600 shares. Canacol Energy has a 12 month low of $1.97 and a 12 month high of $4.77. The stock has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.21. The firm’s market capitalization is $747.51 million.
About Canacol Energy
Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.
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