Twin Butte Energy Receives Consensus Rating of “Hold” from Brokerages (TSE:TBE)
Twin Butte Energy (TSE:TBE) has earned an average recommendation of “Hold” from the thirteen analysts that are covering the company, American Banking & Market News reports. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating 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$2.54.
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, August 14th. 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.
Shares of Twin Butte Energy (TSE:TBE) opened at 1.80 on Friday. 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 $2.06. The company’s market cap is $627.2 million.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.016 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
Twin Butte Energy Ltd. (TSE:TBE) is a Canada-based junior oil and gas exploration and production company.
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