Santonia Energy Price Target Cut to C$1.65 by Analysts at CIBC (STE)
Equities researchers at CIBC decreased their price target on shares of Santonia Energy (TSE:STE) from C$2.00 to C$1.65 in a research report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “sector perform” rating on the stock. CIBC’s target price would suggest a potential upside of 44.74% from the company’s current price.
Shares of Santonia Energy (TSE:STE) remained flat at $1.14 during during mid-day trading trading on Tuesday. 618,556 shares of the company’s stock traded hands. Santonia Energy has a one year low of $1.11 and a one year high of $2.21. The stock has a 50-day moving average of $1.31 and a 200-day moving average of $1.66.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Santonia Energy in a research note to investors on Friday, November 8th. They now have a C$2.25 price target on the stock. Analysts at Dundee Securities cut their price target on shares of Santonia Energy from C$2.15 to C$2.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of C$2.12.
Santonia Energy Inc, formerly Fairborne Energy Ltd., is an exploration and production company. The Company is engaged in the business of exploring for, developing, acquiring and producing crude oil and natural gas in Western Canada.
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