Arrow Exploration (LON:AXL) Shares Up 0.4% – Time to Buy?

Arrow Exploration Corp. (LON:AXL)’s stock price shot up 0.4% during mid-day trading on Friday . The stock traded as high as GBX 28 and last traded at GBX 27.62. 813,789 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 852,687 shares. The stock had previously closed at GBX 27.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on Arrow Exploration from GBX 27 to GBX 30 and gave the company a “speculative buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 30.

Arrow Exploration Stock Up 0.4%

The stock has a market cap of £78.95 million, a P/E ratio of 27.62 and a beta of 1.51. The company’s fifty day moving average price is GBX 26.07 and its 200-day moving average price is GBX 23.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.65 and a current ratio of 1.41.

Arrow Exploration Company Profile

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy SA) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins.