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Canacol Energy (TSE:CNE) was upgraded by research analysts at Canaccord Genuity to a “focus list” rating in a report released on Tuesday.

Shares of Canacol Energy (TSE:CNE) traded down 2.07% during mid-day trading on Tuesday, hitting $7.09. 1,182,908 shares of the company’s stock traded hands. Canacol Energy has a 52-week low of $2.70 and a 52-week high of $8.77. The stock has a 50-day moving average of $7.43 and a 200-day moving average of $7.09. The company’s market cap is $648.7 million.

A number of other analysts have also recently weighed in on CNE. Analysts at TD Securities cut their price target on shares of Canacol Energy from C$11.00 to C$10.50 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Separately, analysts at Mackie cut their price target on shares of Canacol Energy from C$11.00 to C$10.75 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Canacol Energy from C$8.25 to C$9.00 in a research note on Tuesday, May 13th. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$9.85.

Canacol Energy Ltd. (TSE:CNE) and its subsidiaries are primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Brazil, Ecuador and Guyana.

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