Condor Petroleum Inc (CPI) PT Raised to C$3.25 at Mackie

Condor Announces 2017 Second Quarter Results

Condor Petroleum Inc (TSE:CPI) had its price objective upped by investment analysts at Mackie from C$2.60 to C$3.25 in a report released on Friday. Mackie’s price target indicates a potential upside of 69.27% from the company’s current price.

Separately, GMP Securities raised Condor Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, October 13th.

Condor Petroleum (TSE:CPI) opened at 1.92 on Friday. The company’s market cap is $83.07 million. The stock’s 50 day moving average price is $1.90 and its 200-day moving average price is $1.36. Condor Petroleum has a 52-week low of $0.65 and a 52-week high of $2.15.

About Condor Petroleum

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.