Shares of Marquee Energy Ltd (CVE:MQL) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$0.53.
A number of equities research analysts have recently issued reports on the stock. Beacon Securities reissued a “speculative buy” rating on shares of Marquee Energy in a report on Thursday, July 28th. National Bank Financial lowered their price target on shares of Marquee Energy from C$0.40 to C$0.35 in a report on Wednesday, August 3rd. Acumen Capital raised shares of Marquee Energy from a “hold” rating to a “speculative buy” rating in a report on Monday, August 22nd. Haywood Securities lowered their price target on shares of Marquee Energy from C$0.55 to C$0.35 and set a “buy” rating on the stock in a report on Monday, August 22nd. Finally, FirstEnergy Capital lowered their price target on shares of Marquee Energy from C$0.40 to C$0.30 in a report on Wednesday, August 24th.
Marquee Energy Company Profile
Marquee Energy Ltd. (Marquee) is a Canada-based oil and natural gas company focused on oil development and production. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in western Canada. Marquee’s principal properties are focused on exploring and producing from the Mannville and Banff plays in the Michichi area of east Alberta, and the Cummings and Sparky Heavy Crude Oil plays in the Lloydminster area.
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