CIBC Lowers Strategic Oil & Gas Price Target to C$0.65 (SOG)
Investment analysts at CIBC lowered their price objective on shares of Strategic Oil & Gas (CVE:SOG) from C$0.95 to C$0.65 in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has an “underperform” rating on the stock. CIBC’s price objective suggests a potential upside of 32.65% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FirstEnergy Capital cut their price target on shares of Strategic Oil & Gas from C$0.90 to C$0.50 in a research note to investors on Monday. They now have an “underperform” rating on the stock. Separately, 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, January 17th. They now have a C$0.75 price target on the stock, down previously from C$1.20. 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 given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$1.16.
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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