Shares of Canacol Energy Ltd (TSE:CNE) have earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$5.79.

CNE has been the subject of several research analyst reports. Scotiabank reissued an “outperform” rating and issued a C$6.25 target price on shares of Canacol Energy in a research report on Tuesday, March 28th. TD Securities reissued a “buy” rating and issued a C$6.50 target price on shares of Canacol Energy in a research report on Wednesday, March 29th.

TRADEMARK VIOLATION WARNING: “Canacol Energy Ltd (CNE) Given Average Rating of “Buy” by Analysts” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at

Shares of Canacol Energy (TSE:CNE) traded up 0.45% during trading on Monday, hitting $4.42. The company’s stock had a trading volume of 253,956 shares. Canacol Energy has a 52 week low of $3.62 and a 52 week high of $4.80. The firm’s 50 day moving average price is $4.07 and its 200-day moving average price is $4.05. The company has a market cap of $771.73 million and a PE ratio of 53.25.

About Canacol Energy

Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.

Analyst Recommendations for Canacol Energy (TSE:CNE)

Receive News & Ratings for Canacol Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canacol Energy Ltd and related companies with's FREE daily email newsletter.