Arrow Exploration (LON:AXL) Sets New 12-Month High – Time to Buy?

Arrow Exploration Corp. (LON:AXL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 33.70 and last traded at GBX 33, with a volume of 3017249 shares traded. The stock had previously closed at GBX 31.75.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price target on Arrow Exploration from GBX 27 to GBX 30 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 30.

Arrow Exploration Stock Performance

The stock has a fifty day moving average price of GBX 26.89 and a two-hundred day moving average price of GBX 24.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.65. The company has a market cap of £94.34 million, a P/E ratio of 8.25 and a beta of 1.51.

Arrow Exploration Company Profile

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.