Arrow Exploration (LON:AXL) Sets New 1-Year High – Still a Buy?

Arrow Exploration Corp. (LON:AXL) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 29.70 and last traded at GBX 28.50, with a volume of 3399643 shares traded. The stock had previously closed at GBX 24.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Arrow Exploration currently has an average rating of “Buy” and a consensus price target of GBX 30.

Arrow Exploration Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.65 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of £81.47 million, a price-to-earnings ratio of 33.07 and a beta of 1.51. The stock has a 50-day moving average price of GBX 22.04 and a 200 day moving average price of GBX 17.34.

About Arrow Exploration

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.