Arrow Exploration (LON:AXL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Arrow Exploration (LON:AXL) had its price objective boosted by research analysts at Canaccord Genuity Group from GBX 27 to GBX 30 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 30.75% from the stock’s current price.

Arrow Exploration Stock Performance

LON:AXL opened at GBX 22.94 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.65 and a current ratio of 1.06. Arrow Exploration has a 52-week low of GBX 10 and a 52-week high of GBX 25. The firm has a market cap of £65.59 million, a price-to-earnings ratio of 7.31 and a beta of 1.51. The business’s fifty day moving average is GBX 21.69 and its 200 day moving average is GBX 16.88.

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.