Arrow Exploration (LON:AXL) Price Target Raised to GBX 28

Arrow Exploration (LON:AXL) had its price target boosted by Canaccord Genuity Group from GBX 22 to GBX 28 in a report issued on Thursday morning,London Stock Exchange reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Arrow Exploration Price Performance

LON AXL opened at GBX 21.25 on Thursday. The company has a fifty day simple moving average of GBX 18.44 and a 200 day simple moving average of GBX 14.40. The company has a current ratio of 1.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. Arrow Exploration has a 1 year low of GBX 10 and a 1 year high of GBX 22.55. The company has a market cap of £60.75 million, a P/E ratio of 7.08 and a beta of 1.51.

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.