In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Endeavour International Corporation END, but lowered its price target from $10.50 to $8.50.
Canaccord Genuity noted, “Driven by its UK North Sea operations, END has begun a period of significant production growth that we do not believe is fully reflected in the stock price. Due to the company being unable to close the MacCulloch and Nicol acquisitions however, we are lowering our estimates, NAV, and price target, but maintaining a BUY on the stock.”
Endeavour International Corporation closed on Tuesday at $5.20.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in