Coelacanth Energy (CVE:CEI) Rating Increased to Hold at TD Securities

Coelacanth Energy (CVE:CEI) was upgraded by research analysts at TD Securities to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Separately, TD set a C$0.80 price objective on Coelacanth Energy and gave the stock a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$0.80.

Coelacanth Energy Price Performance

Shares of CVE CEI opened at C$0.71 on Wednesday. The firm’s 50-day moving average is C$0.77 and its two-hundred day moving average is C$0.82. The company has a market capitalization of C$450.03 million, a PE ratio of -43.00 and a beta of 0.10. Coelacanth Energy has a 12-month low of C$0.68 and a 12-month high of C$0.96.

Coelacanth Energy Company Profile

Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.