TD Securities restated their buy rating on shares of Canacol Energy Ltd. (TSE:CNE) in a report released on Tuesday morning. TD Securities currently has a C$5.50 target price on the oil and gas exploration company’s stock.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity boosted their target price on Canacol Energy from C$5.25 to C$5.75 in a research report on Friday, July 29th. Royal Bank Of Canada assumed coverage on Canacol Energy in a research report on Tuesday, September 6th. They set a sector perform rating for the company. RBC Capital Markets set a C$4.60 target price on Canacol Energy and gave the stock a sector perform rating in a research report on Tuesday, September 6th. Scotiabank restated an outperform rating and set a C$5.50 target price on shares of Canacol Energy in a research report on Wednesday, July 27th. Finally, Mackie boosted their target price on Canacol Energy from C$5.50 to C$6.00 and gave the stock a buy rating in a research report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of C$5.26.
Shares of Canacol Energy (TSE:CNE) opened at 4.54 on Tuesday. Canacol Energy has a 12 month low of $1.97 and a 12 month high of $4.77. The firm’s market capitalization is $775.88 million. The firm’s 50-day moving average price is $4.29 and its 200-day moving average price is $4.11.
Canacol Energy Company Profile
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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