Canacol Energy’s (CNE) Outperform Rating Reaffirmed at Scotiabank

Scotiabank reiterated their outperform rating on shares of Canacol Energy Ltd (TSE:CNE) in a research report sent to investors on Wednesday morning. The brokerage currently has a C$6.25 price target on the oil and gas exploration company’s stock.

Several other equities analysts also recently issued reports on the company. Eight Capital reiterated a buy rating and set a C$7.00 price objective on shares of Canacol Energy in a research report on Wednesday, September 27th. Canaccord Genuity downgraded Canacol Energy from a buy rating to a hold rating and reduced their price objective for the stock from C$5.15 to C$4.75 in a research report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Canacol Energy has an average rating of Buy and a consensus target price of C$5.80.

Canacol Energy (CNE) opened at C$4.26 on Wednesday. Canacol Energy has a fifty-two week low of C$3.62 and a fifty-two week high of C$4.80.

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Canacol Energy Company Profile

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.

Analyst Recommendations for Canacol Energy (TSE:CNE)

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