Condor Petroleum Inc (CPI) Upgraded to “Buy” by GMP Securities

GMP Securities upgraded shares of Condor Petroleum Inc (TSE:CPI) from a hold rating to a buy rating in a report published on Thursday morning.

Other analysts also recently issued research reports about the stock. Dundee Securities reduced their price target on shares of Condor Petroleum from C$2.00 to C$1.80 and set a neutral rating for the company in a research report on Tuesday, August 16th. Mackie reissued a buy rating on shares of Condor Petroleum in a research report on Thursday, October 6th.

Condor Petroleum (TSE:CPI) traded up 0.58% during mid-day trading on Thursday, reaching $1.74. 2,580 shares of the company’s stock traded hands. The stock’s market cap is $75.28 million. The company has a 50 day moving average price of $1.07 and a 200-day moving average price of $1.11. Condor Petroleum has a 12 month low of $0.60 and a 12 month high of $2.05.

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.

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