Strategic Oil & Gas Stock Rating Lowered by CIBC (SOG)
Strategic Oil & Gas (CVE:SOG) was downgraded by analysts at CIBC from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. They currently have a C$0.95 price objective on the stock, down from their previous price objective of C$1.10. CIBC’s target price would indicate a potential upside of 25.00% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pi Financial cut their price target on shares of Strategic Oil & Gas from C$2.00 to C$1.40 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Strategic Oil & Gas from C$1.40 to C$1.20 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Strategic Oil & Gas from C$1.50 to C$1.30 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$1.39.
Strategic Oil & Gas Ltd. (CVE:SOG) is engaged in the exploration for and development of petroleum and natural gas reserves in Western Canada and, to a limited extent, the Western United States.
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