Arrow Exploration (LON:AXL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Arrow Exploration (LON:AXL) had its price objective increased by stock analysts at Canaccord Genuity Group from GBX 27 to GBX 30 in a research note issued on Tuesday,Digital Look reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 30.75% from the stock’s previous close.

Arrow Exploration Stock Down 0.2%

Shares of LON AXL opened at GBX 22.94 on Tuesday. Arrow Exploration has a one year low of GBX 10 and a one year high of GBX 25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 1.65. The business’s fifty day moving average price is GBX 21.69 and its 200-day moving average price is GBX 16.88. The stock has a market capitalization of £65.59 million, a PE ratio of 7.31 and a beta of 1.51.

About Arrow Exploration

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.