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Canacol Energy (TSE:CNE) target price increased to $5.50, reported today by TD Securities

Displaying a price of $4.05, Canacol Energy (TSE:CNE) traded 1.69% lower on the day. The last stock price close is up 2.98% relative to the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same period. CNE has been tracking to a 50-day average of $4.21 and two hundred day average of $3.95. 394,957 shares of the stock were exchanged, up from ann avg. trading volume of 341,386

Stating a possible upside of 0.36%, TD Securities bumped the target price of Canacol Energy (TSE:CNE) to $6

On Friday July 29 2016, Canaccord Genuity released a statement on Canacol Energy(TSE:CNE) upped the target price from $5.25 to $5.75 that indicated a possible upside of 0.45%.

Performance Chart:

Canacol Energy (TSE:CNE)

A total of 11 equity analysts have issued a ratings update on the company. Zero rate the company a strong buy, 0 rate the stock a buy, 0 firms rate the stock a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a one year target of $3.78

Canacol Energy has a one-year low of $1.97 and a one-year high of $4.64 . CNE’s market capitalization is currently $0.0.

General Information 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, and produce dry natural gas for sale to local customers.

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