GMP FirstEnergy Reiterates a Buy Rating on Greenfields Petroleum

By Jason Carr

Greenfields Petroleum (TSXV: GNF), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Darren Engels, with a C$0.60 price target.

According to TipRanks.com, Engels is ranked #2617 out of 4567 analysts.

Greenfields Petroleum has an analyst consensus of Hold.

The company has a one year high of C$0.35 and a one year low of C$0.15. Currently, Greenfields Petroleum has an average volume of 11.38K.

Greenfields Petroleum Corp. is a junior oil and natural gas company, which engages in the development and production of proven oil and gas reserves. It intends to expand its oil and gas assets through further farm-ins and acquisitions of Production Sharing Agreements from foreign governments. The company was founded by Richard E. MacDougal and Alex T. Warmath on November 28, 2007 and is headquartered in Houston, TX.

The company’s shares closed last Thursday at $0.22.