Arrow Exploration (LON:AXL) Price Target Raised to GBX 28

Arrow Exploration (LON:AXL) had its price objective increased by Canaccord Genuity Group from GBX 23 to GBX 28 in a research report report published on Friday, Marketbeat reports. The brokerage currently has a speculative buy rating on the stock.

Arrow Exploration Trading Down 2.5%

LON:AXL opened at GBX 21.45 on Friday. Arrow Exploration has a 12 month low of GBX 10 and a 12 month high of GBX 22.55. The company has a current ratio of 1.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of £61.32 million, a price-to-earnings ratio of 7.15 and a beta of 1.51. The firm has a fifty day simple moving average of GBX 17.10 and a two-hundred day simple moving average of GBX 13.88.

About Arrow Exploration

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.