Arrow Exploration (LON:AXL) Stock Price Up 2% – Still a Buy?

Arrow Exploration Corp. (LON:AXL)’s stock price was up 2% on Wednesday . The company traded as high as GBX 25.68 and last traded at GBX 25.50. 698,945 shares were traded during mid-day trading, a decline of 26% from the average session volume of 942,399 shares. The stock had previously closed at GBX 25.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on shares of Arrow Exploration from GBX 27 to GBX 30 and gave the company a “speculative buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 30.

Arrow Exploration Stock Performance

The stock has a market capitalization of £72.90 million, a price-to-earnings ratio of 25.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.65 and a current ratio of 1.16. The firm’s 50 day moving average is GBX 25.11 and its 200-day moving average is GBX 20.56.

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.