Cequence Energy Stock Rating Upgraded by TD Securities (CQE)
Cequence Energy (TSE:CQE) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a C$3.25 target price on the stock. TD Securities’ price target would suggest a potential upside of 57.77% from the company’s current price.
Cequence Energy (TSE:CQE) traded up 4.37% on Wednesday, hitting $2.15. 2,099,219 shares of the company’s stock traded hands. Cequence Energy has a 52-week low of $1.46 and a 52-week high of $3.21. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.47. The company has a market cap of $453.6 million and a P/E ratio of 103.00.
Cequence Energy (TSE:CQE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. Analysts expect that Cequence Energy will post $0.07 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial cut their price target on shares of Cequence Energy from C$3.85 to C$3.25 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Cequence Energy from C$3.15 to C$2.95 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at NBF cut their price target on shares of Cequence Energy from C$3.85 to C$3.25 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$3.02.
Cequence Energy Ltd. is engaged in the exploration, development, production and acquisition of crude oil and natural gas.
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