Scotiabank Reiterates Sector Perform Rating for Lone Pine Resources (LPR)
Lone Pine Resources (NYSE:LPR)‘s stock had its “sector perform” rating reiterated by analysts at Scotiabank in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. They currently have a $0.75 price objective on the stock.
Lone Pine Resources (NYSE:LPR) traded down 1.26% on Friday, hitting $0.086. 2,828,533 shares of the company’s stock traded hands. Lone Pine Resources has a 52-week low of $0.08 and a 52-week high of $1.86. The stock’s 50-day moving average is $0.17 and its 200-day moving average is $0.67. The company’s market cap is $7.5 million.
Separately, analysts at Zacks upgraded shares of Lone Pine Resources (NYSE:LPR) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $0.50 price target on the stock.
Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $0.80.
Lone Pine Resources Inc (NYSE:LPR) is an independent oil and gas exploration, development, and production company with operations in Canada within the provinces of Alberta, British Columbia, Quebec and the Northwest Territories.
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