BMO Capital Markets reaffirmed their underperform rating on shares of Cona Resources (TSE:CONA) in a research note published on Wednesday, November 15th. They currently have a C$2.50 price objective on the stock.
Other research analysts have also recently issued research reports about the company. TD Securities dropped their price target on Cona Resources from C$3.25 to C$2.75 and set a hold rating on the stock in a research report on Thursday, August 17th. National Bank Financial dropped their price target on Cona Resources from C$3.50 to C$3.25 and set a sector perform rating on the stock in a research report on Thursday, August 17th. Finally, Royal Bank Of Canada decreased their price objective on Cona Resources from C$3.50 to C$3.00 and set a sector perform rating on the stock in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Cona Resources has an average rating of Hold and a consensus target price of C$3.10.
Shares of Cona Resources (TSE:CONA) traded down C$0.05 during midday trading on Wednesday, hitting C$2.23. The stock had a trading volume of 55,335 shares, compared to its average volume of 123,345. Cona Resources has a 1 year low of C$1.95 and a 1 year high of C$4.13.
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About Cona Resources
Cona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western Canada. Its focused and concentrated asset base comprise approximately 160,000 net acres located along the Alberta and Saskatchewan border. The company was formerly known as Northern Blizzard Resources Inc and changed its name to Cona Resources Ltd.
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