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Manitok Energy (CVE:MEI) was downgraded by investment analysts at Dundee Securities to a “neutral” rating in a note issued to investors on Friday.

A number of other firms have also recently commented on MEI. Analysts at RBC Capital cut their price target on shares of Manitok Energy from C$3.50 to C$3.00 in a research note on Friday. Analysts at TD Securities cut their price target on shares of Manitok Energy from C$2.75 to C$2.50 in a research note on Monday, June 2nd. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$3.32.

Manitok Energy Inc (CVE:MEI), formerly Desco Resources Inc is an oil and gas exploration and development company focusing on conventional oil and gas reservoirs in the Canada and heavy crude oil in east-central Alberta.

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