Canacol Energy (TSE:CNE) Given New C$7.00 Price Target at UBS Group

Canacol Energy (TSE:CNE) had its target price trimmed by UBS Group from C$7.50 to C$7.00 in a research report released on Monday morning, BayStreet.CA reports.

CNE stock opened at C$4.33 on Monday. Canacol Energy has a fifty-two week low of C$3.73 and a fifty-two week high of C$5.05. The company has a debt-to-equity ratio of 165.64, a current ratio of 1.50 and a quick ratio of 1.45. The stock has a market capitalization of $808.49 million and a price-to-earnings ratio of -103.10. The business’s fifty day moving average price is C$4.58 and its two-hundred day moving average price is C$4.50.

In related news, Senior Officer Kevin James Flick sold 50,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$4.65, for a total value of C$232,500.00. Following the transaction, the insider now directly owns 311,801 shares in the company, valued at C$1,449,874.65.

About Canacol Energy

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2018, it has a total proved plus probable reserves of 98,050 one thousand barrels of oil equivalent. The company is headquartered in Calgary, Canada.

Further Reading: Outstanding Shares and The Effect on Share Price

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