Arrow Exploration (LON:AXL) Sets New 52-Week High – Should You Buy?

Arrow Exploration Corp. (LON:AXL) shares hit a new 52-week high on Friday . The company traded as high as GBX 31 and last traded at GBX 29.60, with a volume of 1806080 shares changing hands. The stock had previously closed at GBX 30.

Wall Street Analysts Forecast Growth

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

Arrow Exploration Trading Down 1.3%

The stock has a market cap of £84.62 million, a PE ratio of 29.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.65 and a current ratio of 1.41. The company has a 50 day moving average of GBX 26.43 and a two-hundred day moving average of GBX 23.70.

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.