Raymond James Downgrades Strategic Oil & Gas to Market Perform (SOG)
Strategic Oil & Gas (CVE:SOG) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, ARN reports. They currently have a C$0.75 price objective on the stock. Raymond James’ price target would suggest a potential upside of 2.74% from the company’s current price.
A number of other firms have also recently commented on SOG. Analysts at CIBC downgraded shares of Strategic Oil & Gas from a “sector perform” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a C$0.95 price target on the stock, down previously from C$1.10. Separately, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Strategic Oil & Gas currently has a consensus rating of “Hold” and a consensus price target of C$1.32.
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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