Arrow Exploration (LON:AXL) Trading Down 2.9% – What’s Next?

Arrow Exploration Corp. (LON:AXL)’s stock price traded down 2.9% during mid-day trading on Wednesday . The company traded as low as GBX 17 and last traded at GBX 17. 398,454 shares were traded during trading, a decline of 28% from the average session volume of 554,940 shares. The stock had previously closed at GBX 17.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price objective on Arrow Exploration from GBX 21 to GBX 20 and set a “speculative buy” rating on the stock in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Arrow Exploration presently has a consensus rating of “Buy” and an average price target of GBX 20.

Arrow Exploration Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.71 and a quick ratio of 1.65. The stock has a 50-day moving average price of GBX 14.54 and a 200-day moving average price of GBX 13.16. The firm has a market capitalization of £48.60 million, a PE ratio of 5.67 and a beta of 1.51.

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.