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Canacol Energy (CNE) Stock Forecast & Price Target

Canacol Energy logo
C$3.82 +0.32 (+9.14%)
(As of 12/20/2024 05:17 PM ET)

Canacol Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
1
Buy
0

Based on 2 Wall Street analysts who have issued ratings for Canacol Energy in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 2 analysts, 1 has given a sell rating, and 1 has given a hold rating for CNE.

Consensus Price Target

C$6.75
76.70% Upside
According to the 2 analysts' twelve-month price targets for Canacol Energy, the average price target is C$6.75. The highest price target for CNE is C$8.00, while the lowest price target for CNE is C$5.50. The average price target represents a forecasted upside of 76.70% from the current price of C$3.82.
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CNE Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$6.75C$6.75C$7.50C$9.67
Forecasted Upside76.70% Upside65.85% Upside126.59% Upside33.33% Upside
Consensus Rating
Reduce
Reduce
Reduce
Hold

CNE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CNE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canacol Energy Stock vs. The Competition

TypeCanacol EnergyEnergy Companies
Consensus Rating Score
1.50
2.81
Consensus RatingReduceModerate Buy
News Sentiment Rating
Positive News

See Recent CNE News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHoldC$5.40 ➝ C$5.50+14.58%
4/29/2024JPMorgan Chase & Co.
3 of 5 stars
 DowngradeNeutral ➝ UnderperformC$8.00+60.00%
10/23/2023Eight Capital
5 of 5 stars
 DowngradeBuy ➝ NeutralC$30.00 ➝ C$9.00+26.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:04 PM ET.


CNE Forecast - Frequently Asked Questions

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Canacol Energy is C$6.75, with a high forecast of C$8.00 and a low forecast of C$5.50.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canacol Energy in the last year. There is currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" CNE shares.

According to analysts, Canacol Energy's stock has a predicted upside of 76.70% based on their 12-month stock forecasts.

Analysts like Canacol Energy less than other "energy" companies. The consensus rating for Canacol Energy is Reduce while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how CNE compares to other companies.


This page (TSE:CNE) was last updated on 12/21/2024 by MarketBeat.com Staff
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