TD Securities Lowers Canacol Energy Ltd (CNE) Price Target to C$6.00
Canacol Energy Ltd (TSE:CNE) had its price objective lowered by TD Securities from C$6.50 to C$6.00 in a research report report published on Monday, May 15th. The firm currently has a buy rating on the oil and gas exploration company’s stock.
A number of other brokerages have also commented on CNE. Canaccord Genuity restated a buy rating and set a C$5.50 price target on shares of Canacol Energy in a research note on Thursday, March 2nd. Scotiabank restated an outperform rating and set a C$6.25 price target on shares of Canacol Energy in a research note on Tuesday, March 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$5.79.
Shares of Canacol Energy (TSE:CNE) traded down 0.24% on Monday, reaching $4.09. 185,197 shares of the company traded hands. Canacol Energy has a one year low of $3.62 and a one year high of $4.80. The firm has a 50-day moving average price of $4.05 and a 200 day moving average price of $4.08. The company has a market capitalization of $714.11 million and a PE ratio of 49.28.
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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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