Canacol Energy (TSE:CNE) target bumped up to $5.50, issued a ratings update today by TD Securities
- Updated: September 27, 2016
Just yesterday Canacol Energy (TSE:CNE) traded -1.91% lower at $4.10. Canacol Energy’s 50-day moving average is $4.22 and its 200-day moving average is $3.99. The last stock price is up 2.71% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 389,605 shares of CNE traded hands, up from an average trading volume of 323,132
In a report released on 9/27/2016 TD Securities increased the stock price target of Canacol Energy (TSE:CNE) to $5.50 reporting a possible upside of 0.34%.
Previously on 9/22/2016, Scotia Capital released a statement about Canacol Energy (TSE:CNE) increased the target price from $0.00 to $5.50. At the time, this indicated a possible upside of 0.29%.
Recent Performance Chart
Canacol Energy has with a one year low of $1.97 and a one year high of $4.64 and has a market capitalization of $0.
In addition to TD Securities reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $3.94 with 3 equity analysts rating the company a strong buy, three equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 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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