Jefferies Financial Group Trims Canacol Energy (TSE:CNE) Target Price to C$5.40

Canacol Energy (TSE:CNE) had its price objective decreased by Jefferies Financial Group from C$6.70 to C$5.40 in a research report sent to investors on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the oil and gas exploration company’s stock.

Canacol Energy Stock Down 1.7 %

TSE CNE opened at C$4.60 on Monday. The stock’s 50-day moving average price is C$5.59 and its 200-day moving average price is C$7.21. The company has a quick ratio of 1.34, a current ratio of 0.95 and a debt-to-equity ratio of 188.61. Canacol Energy has a 52 week low of C$4.25 and a 52 week high of C$12.55. The company has a market capitalization of C$156.86 million, a P/E ratio of 0.61 and a beta of 0.86.

Canacol Energy Company Profile

Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.