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Canacol Energy (TSE:CNE) stock price target increased to $5.50, issued a report today by Scotia Capital

Canacol Energy (TSE:CNE) had its target price raised to $5.50 by Scotia Capital in an issued report issued 9/22/2016. The upped price target implies a potential upside of 0.29% from the company's previous stock price.

Having a price of $4.25, Canacol Energy (TSE:CNE) traded 0.71% higher on the day. With the last stock price close up 7.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Canacol Energy has recorded a 50-day average of $4.22 and a two hundred day average of $3.97. Volume of trade was down over the average, with 126,424 shares of CNE changing hands under the typical 337,478

Performance Chart

Canacol Energy (TSE:CNE)

Canacol Energy has a 52 week low of $1.97 and a 52 week high of $4.64 Canacol Energy’s market capitalization is currently $0.

In addition to Scotia Capital reporting its stock price target, a total of 11 brokers have issued a report on the company. The average stock price target is $3.91 with three analysts rating the company a strong buy, three analysts rating the company a buy, five analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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