Mitra Energy Inc (CVE:MTE)‘s stock had its “speculative buy” rating reaffirmed by analysts at TD Securities in a research note issued on Wednesday, reports. They presently have a C$0.95 price target on the stock. TD Securities’ price target indicates a potential upside of 79.25% from the stock’s current price.

About Mitra Energy

Mitra Energy Inc, formerly Petra Petroleum Inc, is an oil and gas company. The Company is engaged in exploration, appraisal and pre-development activities in South East Asia (the Philippines, Vietnam and Indonesia), with a portfolio of over 10 exploration and pre-development assets. Its portfolio comprises over 12.8 million acres and consists of over two service contracts (SCs) in the Philippines (SC-56 and SC-57), over five production sharing contracts (PSCs) in Vietnam (Block 51, Block 46-07 and Block 45, Block 127 and Block MVHN/12KS) and over three PSCs in Indonesia (Bone, Sibaru and Titan blocks).

Stock Target Prices

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