Canacol Energy (OTCMKTS:CNNEF) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Canacol Energy (OTCMKTS:CNNEF) from a sell rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity set a $6.00 target price on Canacol Energy and gave the stock a buy rating in a research note on Friday, August 30th. Mackie reissued a buy rating on shares of Canacol Energy in a research note on Monday, August 26th.

Shares of OTCMKTS:CNNEF opened at $3.27 on Tuesday. The business’s 50-day moving average is $3.47 and its 200-day moving average is $3.40. Canacol Energy has a 1 year low of $2.63 and a 1 year high of $3.96.

Canacol Energy Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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