Royal Bank Of Canada downgraded shares of Lundin Petroleum AB (TSE:LUP) from a sector perform rating to an underperform rating in a research note released on Wednesday. The brokerage currently has C$140.00 price target on the stock, down from their prior price target of C$150.00.

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Lundin Petroleum AB Company Profile

Lundin Petroleum AB is a Sweden-based company, which explores, develops and produces oil and gas. The Company’s main business is the exploration, the development of, and the production of oil and gas. The Company maintains a portfolio of oil and gas production assets and development projects in various countries with exposure to exploration opportunities.

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