Twin Butte Energy Receives Average Rating of “Buy” from Analysts (TSE:TBE)
Twin Butte Energy (TSE:TBE) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the stock, Analyst Ratings Network reports. Seven research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$2.49.
Shares of Twin Butte Energy (TSE:TBE) traded up 1.70% on Friday, hitting $1.79. 238,439 shares of the company’s stock traded hands. Twin Butte Energy has a 52 week low of $1.60 and a 52 week high of $2.50. The stock’s 50-day moving average is $1.7 and its 200-day moving average is $2.07. The company’s market cap is $116K.
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.
Several analysts have recently commented on the stock. Analysts at TD Securities reiterated a “hold” rating on shares of Twin Butte Energy in a research note on Thursday. They now have a C$2.00 price target on the stock, down previously from C$2.25. 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.
Twin Butte Energy Ltd. (TSE:TBE) is a Canada-based junior oil and gas exploration and production company.
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