Equities researchers at Credit Suisse dropped their target price on shares of New Zealand Energy Corp (CVE: NZ) from $1.50 to $0.30 in a report issued on Wednesday.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities cut their price target on shares of New Zealand Energy Corp from $3.50 to $1.10 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners cut their price target on shares of New Zealand Energy Corp from $3.25 to $1.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of New Zealand Energy Corp from a “speculative buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $0.85 price target on the stock, down previously from $2.00.
New Zealand Energy Corp. (NZEC) is an oil and natural gas company engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.
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