Canacol Energy Receives New Coverage from Analysts at Stonecap Securities (CNE)
Analysts at Stonecap Securities started coverage on shares of Canacol Energy (TSE:CNE) in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. The firm set an “outperform” rating and a C$6.20 price target on the stock. Stonecap Securities’ target price indicates a potential upside of 31.91% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Canacol Energy from C$6.50 to C$7.50 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Analysts at Scotiabank raised their price target on shares of Canacol Energy from C$4.50 to C$5.00 in a research note to investors on Tuesday, September 24th. Six analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$6.59.
Shares of Canacol Energy (TSE:CNE) traded up 3.83% during mid-day trading on Tuesday, hitting $4.88. The stock had a trading volume of 309,790 shares. Canacol Energy has a one year low of $2.31 and a one year high of $4.64. The stock has a 50-day moving average of $4.04 and a 200-day moving average of $3.24.
Canacol Energy Ltd. (TSE:CNE) is a resource company engaged in the acquisition, exploration and development of oil and natural gas in Colombia, Brazil and Guyana.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.