Dundee Securities hoisted their price target on shares of Legacy Oil + Gas (TSE:LEG) from C$12.00 to C$12.75 in a research note issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Dundee Securities’ target price would suggest a potential upside of 103.03% from the stock’s previous close.
Shares of Legacy Oil + Gas (TSE:LEG) traded down 0.16% during mid-day trading on Tuesday, hitting $6.27. Legacy Oil + Gas has a 52 week low of $4.81 and a 52 week high of $7.73. The stock’s 50-day moving average is currently $5.80. The company’s market cap is $985.6 million.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Legacy Oil + Gas from C$6.50 to C$7.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Legacy Oil + Gas from C$11.50 to C$12.00 in a research note to investors on Monday, July 22nd. Finally, analysts at Raymond James upgraded shares of Legacy Oil + Gas from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, May 15th.
Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Legacy Oil + Gas currently has an average rating of “Buy” and an average price target of C$10.29.
Legacy Oil + Gas Inc (TSE:LEG) is engaged in exploration, exploitation and development drilling for oil and natural gas reserves.
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