Crocotta Energy (TSE:CTA) had its price objective lowered by Canaccord Genuity from C$4.50 to C$4.25 in a report released on Monday, ARN reports. Canaccord Genuity currently has a buy rating on the stock.
Canaccord Genuity has also modified their ratings on a number of other stocks in the few days. The firm raised its price target on shares of Canadian Natrl Res from $36.00 to $37.00. Also, Canaccord Genuity raised its price target on shares of Baytex Energy Corp from $50.00 to $51.00. They have a buy rating on that stock. Finally, Canaccord Genuity lowered its price target on shares of Telefonaktiebolaget LM Ericsson from $12.00 to $11.00. They have a hold rating on that stock.
Crocotta Energy (TSE: CTA) opened at 2.93 on Monday. Crocotta Energy has a 1-year low of $2.48 and a 1-year high of $3.59. The stock’s 50-day moving average is currently $2.. The company’s market cap is $261.7 million.
CTA has been the subject of a number of other recent research reports. Analysts at Paradigm Capital cut their price target on shares of Crocotta Energy from C$4.00 to C$3.75 in a research note to investors on Monday. Separately, analysts at Raymond James reiterated an outperform rating on shares of Crocotta Energy in a research note to investors on Wednesday, May 1st. They now have a C$4.25 price target on the stock, up previously from C$4.00. Finally, analysts at Dundee Securities raised their price target on shares of Crocotta Energy from C$5.00 to C$5.70 in a research note to investors on Tuesday, April 30th. They now have a buy rating on the stock.
Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of C$4.49.
Crocotta Energy Inc (TSE: CTA) is an oil and natural gas company.