Condor Petroleum Inc (TSE:CPI) was upgraded by stock analysts at GMP Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently weighed in on CPI. Mackie reissued a “buy” rating on shares of Condor Petroleum in a report on Thursday, October 6th. Dundee Securities reduced their target price on Condor Petroleum from C$2.00 to C$1.80 and set a “neutral” rating for the company in a report on Tuesday, August 16th.

Shares of Condor Petroleum (TSE:CPI) remained flat at $1.74 on Thursday. 42,400 shares of the stock traded hands. The company’s market capitalization is $75.28 million. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.10. Condor Petroleum has a 52-week low of $0.60 and a 52-week high of $2.05.

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Condor Petroleum Company Profile

Condor Petroleum Inc is an oil and gas company engaged in exploration and production activities in Kazakhstan. The Company, through its subsidiary, Falcon Oil & Gas Ltd. LLP, owns interest in and operates the Zharkamys West 1 territory, which is approximately 3,780 square kilometers exploration property located in the Pre-Caspian Basin in Kazakhstan.

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