Canacol Energy (OTCMKTS:CNNEF) Upgraded to “Hold” at ValuEngine

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Canacol Energy (OTCMKTS:CNNEF) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

CNNEF has been the topic of a number of other reports. Canaccord Genuity set a $6.00 target price on shares of Canacol Energy and gave the stock a “buy” rating in a report on Friday, August 30th. Mackie reissued a “buy” rating on shares of Canacol Energy in a report on Monday, August 26th.

CNNEF opened at $3.27 on Tuesday. Canacol Energy has a fifty-two week low of $2.63 and a fifty-two week high of $3.96. The company’s 50 day moving average price is $3.47 and its two-hundred day moving average price is $3.40.

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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