Santonia Energy Price Target Cut to $1.60 by Analysts at CIBC (STE)
Equities research analysts at CIBC decreased their price target on shares of Santonia Energy (TSE: STE) from $1.90 to $1.60 in a research note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the stock.
Separately, analysts at Raymond James reiterated a “market perform” rating on shares of Santonia Energy in a research note to investors on Wednesday, February 6th. They now have a $1.70 price target on the stock.
Santonia Energy traded down 1.50% on Tuesday, hitting $1.31. Santonia Energy has a 1-year low of $1.14 and a 1-year high of $2.75. The stock’s 50-day moving average is currently $1.25.
Santonia Energy Inc., formerly Fairborne Energy Ltd., is an exploration and production company. The Company is engaged in the business of exploring for, developing, acquiring and producing crude oil and natural gas in Western Canada.
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