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RBC Capital cut their price target on shares of Manitok Energy (NASDAQ:MKRYF) from C$3.50 to C$3.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Dundee Securities downgraded shares of Manitok Energy from a “buy” rating to a “neutral” rating in a research note on Friday. Analysts at National Bank Financial cut their price target on shares of Manitok Energy from C$3.50 to C$3.25 in a research note on Friday. They now have an “outperform” rating on the stock.

Manitok Energy (NASDAQ:MKRYF) traded down 17.18% during mid-day trading on Friday, hitting $2.1214. 84,933 shares of the company’s stock traded hands. Manitok Energy has a 52 week low of $1.90 and a 52 week high of $3.18. The stock has a 50-day moving average of $2.54 and a 200-day moving average of $2.33. The company has a market cap of $149.1 million and a price-to-earnings ratio of 50.23.

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