Marquee Energy Ltd (MQL) Receives Average Rating of “Hold” from Brokerages
Marquee Energy Ltd (CVE:MQL) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$0.53.
A number of brokerages have issued reports on MQL. Haywood Securities reduced their price target on shares of Marquee Energy from C$0.55 to C$0.35 and set a “buy” rating on the stock in a report on Monday, August 22nd. FirstEnergy Capital reduced their price target on shares of Marquee Energy from C$0.40 to C$0.30 in a report on Wednesday, August 24th. National Bank Financial reduced their price target on shares of Marquee Energy from C$0.40 to C$0.35 in a report on Wednesday, August 3rd. Beacon Securities reiterated a “speculative buy” rating on shares of Marquee Energy in a report on Thursday, July 28th. Finally, Acumen Capital upgraded shares of Marquee Energy from a “hold” rating to a “speculative buy” rating in a report on Monday, August 22nd.
Marquee Energy Company Profile
Marquee Energy Ltd. (Marquee) is a Canada-based oil and natural gas company focused on oil development and production. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in western Canada. Marquee’s principal properties are focused on exploring and producing from the Mannville and Banff plays in the Michichi area of east Alberta, and the Cummings and Sparky Heavy Crude Oil plays in the Lloydminster area.
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