Twin Butte Energy PT Raised to C$2.75 at CIBC (TBE)
Analysts at CIBC increased their price target on shares of Twin Butte Energy (TSE:TBE) from C$2.50 to C$2.75 in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. CIBC’s price objective points to a potential upside of 23.87% from the company’s current price.
Twin Butte Energy (TSE:TBE) traded up 0.90% during mid-day trading on Friday, hitting $2.24. The stock had a trading volume of 1,054,797 shares. Twin Butte Energy has a 52 week low of $1.60 and a 52 week high of $2.97. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.08. The company’s market cap is $562.8 million.
The company also recently announced a oct 13 dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, October 29th.
TBE has been the subject of a number of other recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Twin Butte Energy in a research note to investors on Friday. They now have a C$3.00 price target on the stock. Separately, analysts at TD Securities upgraded shares of Twin Butte Energy from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a C$3.00 price target on the stock, up previously from C$2.50. Finally, analysts at Octagon Capital upgraded shares of Twin Butte Energy from a “sell” rating to a “hold” rating in a research note to investors on Friday, October 11th. They now have a C$2.50 price target on the stock, up previously from C$1.75. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$2.61.
Twin Butte Energy Ltd. (TSE:TBE) is a Canada-based junior oil and gas exploration and production company.
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