Shares of Marquee Energy Ltd (CVE:MQL) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$0.53.
Several research firms have issued reports on MQL. Beacon Securities restated a “speculative buy” rating on shares of Marquee Energy in a research report on Thursday, July 28th. National Bank Financial lowered their price objective on shares of Marquee Energy from C$0.40 to C$0.35 in a research note on Wednesday, August 3rd. Haywood Securities lowered their price objective on shares of Marquee Energy from C$0.55 to C$0.35 and set a “buy” rating for the company in a research note on Monday, August 22nd. FirstEnergy Capital lowered their price objective on shares of Marquee Energy from C$0.40 to C$0.30 in a research note on Wednesday, August 24th. Finally, Acumen Capital raised shares of Marquee Energy from a “hold” rating to a “speculative buy” rating in a research note on Monday, August 22nd.
Marquee Energy Ltd. is engaged in the acquisition of, exploration for, development of and production of oil and natural gas. The Company’s operations are in Alberta and Saskatchewan. The Company focuses its activities on exploitation of existing opportunities and continued augmentation of its production, land base and drilling inventory within its core oil and liquids rich Michichi area in southern Alberta.
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