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.

COPYRIGHT VIOLATION WARNING: “Canacol Energy’s (CNE) Outperform Rating Reaffirmed at Scotiabank” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://sportsperspectives.com/2017/11/19/canacol-energys-cne-outperform-rating-reaffirmed-at-scotiabank.html.

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)

Receive News & Ratings for Canacol Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canacol Energy Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply