National Bank Financial lowered shares of Angle Energy (CVE:NGL) from a sector perform rating to a tender rating in a report released on Wednesday, Stock Ratings News reports. National Bank Financial currently has C$3.85 price objective on the stock, down from their previous price objective of C$4.00.
Shares of Angle Energy (CVE:NGL) traded up 1.34% on Wednesday, hitting $3.79. 4,446,227 shares of the company’s stock traded hands. Angle Energy has a 1-year low of $2.45 and a 1-year high of $4.08. The stock has a 50-day moving average of $2.87 and a 200-day moving average of $3.02. The company’s market cap is $307.2 million.
NGL has been the subject of a number of other recent research reports. Analysts at Paradigm Capital raised their price target on shares of Angle Energy from C$3.75 to C$3.85 in a research note to investors on Wednesday. Separately, analysts at Scotiabank downgraded shares of Angle Energy from a sector perform rating to a tender rating in a research note to investors on Wednesday. They now have a C$3.85 price target on the stock, down previously from C$4.50. Finally, analysts at Scotiabank cut their price target on shares of Angle Energy from C$4.75 to C$4.50 in a research note to investors on Tuesday, September 24th. They now have a sector perform rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$4.18.
Angle Energy Inc (CVE:NGL) is an exploration-focused oil and natural producer.
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