Canacol Energy (CNE) PT Set at C$6.25 by Scotiabank

Canacol Energy (TSE:CNE) has been given a C$6.25 price target by investment analysts at Scotiabank in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. Scotiabank’s target price suggests a potential upside of 39.82% from the company’s current price.

Other equities analysts have also issued reports about the stock. Eight Capital decreased their target price on shares of Canacol Energy from C$7.00 to C$6.75 in a report on Wednesday, December 20th. Canaccord Genuity downgraded shares of Canacol Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from C$5.15 to C$4.75 in a research note on Thursday, September 21st. Finally, CIBC downgraded shares of Canacol Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$5.50 to C$5.00 in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Canacol Energy currently has a consensus rating of “Buy” and an average price target of C$5.75.

Canacol Energy (TSE:CNE) opened at C$4.47 on Tuesday. Canacol Energy has a 1-year low of C$3.62 and a 1-year high of C$4.61. The company has a market cap of $792.85, a PE ratio of 27.94 and a beta of 0.03.

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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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