Twin Butte Energy Rating Reiterated by TD Securities (TBE)
Twin Butte Energy (TSE:TBE)‘s stock had its “hold” rating restated by research analysts at TD Securities in a report released on Thursday. They currently have a C$2.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 19.76% from the stock’s previous close.
Separately, analysts at Paradigm Capital cut their price target on shares of Twin Butte Energy from C$2.75 to C$2.50 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$2.49.
Shares of Twin Butte Energy (TSE:TBE) traded up 8.98% on Thursday, hitting $1.82. The stock had a trading volume of 3,503,124 shares. Twin Butte Energy has a 52 week low of $1.60 and a 52 week high of $2.50. The stock has a 50-day moving average of $1.72 and a 200-day moving average of $2.07. The company’s market cap is $628.6 million.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.016 per share. This represents a dividend yield of 11.1%. The ex-dividend date is Tuesday, July 29th.
Twin Butte Energy Ltd. (TSE:TBE) is a Canada-based junior oil and gas exploration and production company.
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