Arrow Exploration (LON:AXL) Reaches New 12-Month High – Still a Buy?

Shares of Arrow Exploration Corp. (LON:AXL) reached a new 52-week high on Friday . The company traded as high as GBX 31 and last traded at GBX 29.60, with a volume of 1806080 shares trading hands. The stock had previously closed at GBX 30.

Wall Street Analyst Weigh In

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

Arrow Exploration Trading Down 1.3%

The stock’s fifty day moving average price is GBX 26.32 and its 200 day moving average price is GBX 23.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.65. The stock has a market capitalization of £84.62 million, a P/E ratio of 29.60 and a beta of 1.51.

About Arrow Exploration

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.