Twin Butte Energy (TSE:TBE) had its price objective cut by Acumen Capital from C$3.00 to C$2.50 in a report released on Thursday, Stock Ratings Network reports. Acumen Capital currently has a buy rating on the stock.
Shares of Twin Butte Energy (TSE: TBE) traded up 2.25% during mid-day trading on Thursday, hitting $1.82. Twin Butte Energy has a one year low of $1.77 and a one year high of $3.02. The stock’s 50-day moving average is currently $2.20. The company’s market cap is $455.5 million.
The company also recently announced a jul 13 dividend, which is scheduled for Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, July 29th.
TBE has been the subject of a number of other recent research reports. Analysts at Scotiabank cut their price target on shares of Twin Butte Energy from C$3.00 to C$2.50 in a research note to investors on Wednesday, July 17th. They now have a sector perform rating on the stock. Separately, analysts at RBC Capital reiterated a sector perform rating on shares of Twin Butte Energy in a research note to investors on Wednesday, July 17th. They now have a C$2.75 price target on the stock. Finally, analysts at National Bank Financial cut their price target on shares of Twin Butte Energy from C$3.25 to C$2.50 in a research note to investors on Tuesday, July 16th.
Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of C$2.65.
Twin Butte Energy Ltd. (TSE: TBE) is a Canada-based junior oil and gas exploration and production company.