Canacol Energy (TSE:CNE) Price Target Lowered to C$5.40 at Jefferies Financial Group

Canacol Energy (TSE:CNE) had its target price lowered by Jefferies Financial Group from C$6.70 to C$5.40 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.

Canacol Energy Price Performance

CNE stock opened at C$4.68 on Monday. The stock has a market capitalization of C$159.59 million, a price-to-earnings ratio of 0.62 and a beta of 0.86. The firm’s 50-day moving average price is C$5.63 and its two-hundred day moving average price is C$7.23. The company has a current ratio of 0.95, a quick ratio of 1.34 and a debt-to-equity ratio of 188.61. Canacol Energy has a 12-month low of C$4.25 and a 12-month high of C$12.55.

About Canacol Energy

Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.