Dundee Securities Trims Condor Petroleum Inc (CPI) Target Price To C$1.80

Dundee Securities Trims Condor Petroleum Inc (CPI) Target Price To C$1.80Condor Petroleum Inc (TSE:CPI) had its price objective lowered by research analysts at Dundee Securities from C$2.00 to C$1.80 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “neutral” rating on the oil and gas exploration company’s stock. Dundee Securities’ target price would suggest a potential upside of 89.47% from the stock’s current price.

Condor Petroleum (TSE:CPI) traded up 1.05% during trading on Tuesday, hitting $0.96. The stock had a trading volume of 8,700 shares. The stock has a 50 day moving average price of $1.08 and a 200-day moving average price of $1.04. The stock’s market cap is $41.53 million. Condor Petroleum has a 12 month low of $0.60 and a 12 month high of $1.90.

Condor Petroleum Inc is an oil and gas company engaged in exploration and production activities in Kazakhstan. The Company, through its subsidiary, Falcon Oil & Gas Ltd. LLP, owns interest in and operates the Zharkamys West 1 territory, which is approximately 3,780 square kilometers exploration property located in the Pre-Caspian Basin in Kazakhstan.