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CANACOL ENERGY ORD T.CNE

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s): T.CNE.DB|CAAED|CNNEF


Canacol Energy Ltd > TD Securities Sets Canacol Energy Price Target at

November 15, 2012 - 04:57 PM 248 Reads
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TD Securities Sets Canacol Energy Price Target at

 

TD Securities Sets Canacol Energy Price Target at $0.85 (CNE)

Research analysts at TD Securities cut their target price on shares of Canacol Energy (TSE: CNE) from $0.95 to $0.85 in a report released on Thursday. The firm currently has a “buy” rating on the stock.

Shares of Canacol Energy traded down 6.90% during mid-day trading on Thursday, hitting $0.27. Canacol Energy has a 52 week low of $0.29 and a 52 week high of $1.07. The company has a P/E ratio of 9.67.

Several other analysts have also recently commented on the stock. Analysts at Scotia Capital cut their price target on shares of Canacol Energy from $0.75 to $0.50 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at CIBC downgraded shares of Canacol Energy from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday, October 12th.

Canacol Energy Ltd. (Canacol) is a resource company engaged in the acquisition, exploration and development of oil and natural gas in Colombia, Brazil and Guyana.

Keep up with the latest analysts' ratings by subscribing to Daily Political's daily email update. With your complimentary subscription, you will receive a concise summary of stock analysts' upgrades, downgrades and new coverage. Click here to subscribe.

 

 

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