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

Mitra Energy Company Profile

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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