Pan Orient Energy (CVE: POE) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $4.00 price target on the stock, up from their previous price target of $3.50.

Pan Orient Energy Corp. (Pan Orient) is a junior oil and natural gas company. The Company focuses on two primary areas: exploration and development in Asia, principally in Thailand and Indonesia, and heavy oilsands exploration in Northern Alberta.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.