Equities researchers at National Bank Financial boosted their price objective on shares of Santonia Energy (TSE:STE) from C$2.50 to C$2.75 in a research report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 43.23% from the stock’s previous close.
Santonia Energy (TSE:STE) traded up 5.21% during mid-day trading on Wednesday, hitting $2.02. 2,089,460 shares of the company’s stock traded hands. Santonia Energy has a 52-week low of $1.14 and a 52-week high of $2.13. The stock’s 50-day moving average is $1.64 and its 200-day moving average is $1.57.
Separately, analysts at Scotiabank raised their price target on shares of Santonia Energy (TSE:STE) from C$2.00 to C$2.50 in a research note to investors on Monday, July 8th.
Three investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of C$2.11.
Santonia Energy Inc, formerly Fairborne Energy Ltd., is an exploration and production company. The Company is engaged in the business of exploring for, developing, acquiring and producing crude oil and natural gas in Western Canada.