Canacol Energy Ltd (CNE) Given Average Rating of “Buy” by Analysts
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, MarketBeat.com 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.
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.
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