Strategic Oil & Gas Price Target Lowered to C$0.50 at FirstEnergy Capital (SOG)
Analysts at FirstEnergy Capital lowered their price target on shares of Strategic Oil & Gas (CVE:SOG) from C$0.90 to C$0.50 in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. The firm currently has an “underperform” rating on the stock. FirstEnergy Capital’s price target suggests a potential downside of 7.41% from the stock’s previous close.
SOG has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Strategic Oil & Gas from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a C$0.75 price target on the stock, down previously from C$1.20. Separately, 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, January 14th. They now have a C$0.95 price target on the stock, down previously from C$1.10. Finally, 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$1.20.
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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