Canaccord Genuity Group Lowers Arrow Exploration (LON:AXL) Price Target to GBX 27

Arrow Exploration (LON:AXL) had its target price dropped by equities research analysts at Canaccord Genuity Group from GBX 28 to GBX 27 in a research note issued on Friday,Digital Look reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 27.36% from the stock’s previous close.

Arrow Exploration Stock Performance

Shares of Arrow Exploration stock opened at GBX 21.20 on Friday. The company’s fifty day moving average is GBX 20.59 and its 200 day moving average is GBX 15.87. The company has a quick ratio of 1.65, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The stock has a market cap of £60.60 million, a price-to-earnings ratio of 7.31 and a beta of 1.51. Arrow Exploration has a twelve month low of GBX 10 and a twelve month high of GBX 24.

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.