Canaccord Genuity Keeps Their Hold Rating on Canacol Energy

In a new note to investors on May 3, an analyst has provided a rating update for the Materials sector company, Canacol Energy (TSX: CNE). On May 3, analyst Jenny Xenos gave a Hold rating to CNE and set a C$5 price target.

Xenos has an average return of 4.9% when recommending Canacol Energy.

According to TipRanks.com, Xenos is ranked #196 out of 4778 analysts.

Canacol Energy has an analyst consensus of Hold, with a price target consensus of C$5.

The company has a one-year high of C$4.76 and a one-year low of C$3.85. Currently, Canacol Energy has an average volume of 129.5K.

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 on Friday at C$4.30.