Canacol Energy Ltd. (TSE:CNE) had its price objective increased by equities researchers at TD Securities from C$5.50 to C$6.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. TD Securities’ price objective would suggest a potential upside of 27.12% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CNE. CIBC lowered their price target on Canacol Energy from C$6.00 to C$5.50 in a research report on Monday, November 14th. Canaccord Genuity upped their target price on Canacol Energy from C$5.75 to C$6.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Royal Bank Of Canada upped their target price on Canacol Energy from C$4.60 to C$5.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 16th. Scotiabank upped their target price on Canacol Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday, November 11th. Finally, Mackie upped their target price on Canacol Energy from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$5.42.

Analyst Recommendations for Canacol Energy (TSE:CNE)

Canacol Energy (TSE:CNE) traded up 0.21% on Thursday, reaching $4.73. The company’s stock had a trading volume of 148,345 shares. The company’s market capitalization is $821.60 million. The firm’s 50 day moving average price is $4.40 and its 200-day moving average price is $4.23. Canacol Energy has a 52 week low of $1.97 and a 52 week high of $4.80.

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Canacol Energy Company Profile

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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