Canaccord Genuity Keeps Their Buy Rating on Canacol Energy

By Austin Angelo

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Canaccord Genuity’s analyst Jenny Xenos reiterates their Buy rating on the shares of Canacol Energy (TSX: CNE), with a C$5.35 price target.

Xenos has an average return of 2.1% when recommending Canacol Energy.

According to TipRanks.com, Xenos is ranked #3905 out of 4579 analysts.

Canacol Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.68.

The company has a one year high of C$4.80 and a one year low of C$3.62. Currently, Canacol Energy has an average volume of 265.6K.

Canacol Energy Ltd. operates as an international oil and gas company, which engages in the production, development, appraisal, and exploration of hydrocarbons. The company was founded by Charle A. Gamba, Luis Baena and David Anthony Winter on July 20, 1970 and is headquartered in Calgary, Canada.

The company’s shares closed last Wednesday at $4.07.