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A report released today by Canaccord Genuity about Canacol Energy (TSE:CNE) lowers the target price to $4.75

In a statement issued on Thursday September 21, 2017 Canaccord Genuity reduced the stock price target of Canacol Energy (TSE:CNE) from $5.15 to $4.75 stating a potential upside of 0.15%.

On 5/15/2017, TD Securities released a statement for Canacol Energy (TSE:CNE) bumped down the target price from $6.50 to $6.00 that suggested an upside of 0.45%.

Boasting a price of $4.12, Canacol Energy (TSE:CNE) traded -3.50% lower on the day. With the last stock price close up 1.07% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Canacol Energy has recorded a 50-day average of $4.18 and a two hundred day average of $4.10. Volume of trade was up over the average, with 283,276 shares of CNE changing hands over the typical 240,562

Performance Chart

Canacol Energy (TSE:CNE)

With a market cap of $0, Canacol Energy has 52 week low of $3.62 and a 52 week high of $4.80 with a P/E ratio of 46.00 .

In addition to Canaccord Genuity reporting its stock price target, a total of 11 analysts have released a research note on Canacol Energy. The 12-month price target is $3.75 with two brokerages rating the company a strong buy, five brokerages rating the company a buy, three equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero firms rating the stock a sell.

About Canacol Energy (TSE:CNE)

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. It has reserves of approximately 79 million barrels of oil equivalent, which includes dry natural gas. Its production primarily consists of natural gas from its Nelson, Palmer and Clarinete fields in the Lower Magdalena Basin in Colombia; crude oil from its Leono, Labrador, Pantro, Tigro and Maltes fields in the Llanos Basin in Colombia, and tariff oil from the Ecuador IPC. Its Nelson and Palmer fields at the Esperanza block and Clarinete field at the VIM-5 block, located in the Lower Magdalena Basin in Colombia, produce dry natural gas for sale to local customers.

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