Canadian Oil Sands PT Raised to C$26.00 at Global Hunter Securities (COS)

By Yourwellness Last updated May 2, 2014 12

Investment analysts at Global Hunter Securities lifted their price target on shares of Canadian Oil Sands (TSE:COS) from C$23.00 to C$26.00 in a note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price target would suggest a potential upside of 13.74% from the company’s current price.

Canadian Oil Sands (TSE:COS) traded down 3.79% during mid-day trading on Tuesday, hitting $22.86. 3,626,901 shares of the company’s stock traded hands. Canadian Oil Sands has a one year low of $18.85 and a one year high of $24.46. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $21.02. The company has a P/E ratio of 13.81.

The company also recently declared a Quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.35 per share. This represents a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, May 21st.

COS has been the subject of a number of other recent research reports. Analysts at Raymond James cut their price target on shares of Canadian Oil Sands from C$21.00 to C$20.50 in a research note on Friday, April 25th. They now have a “market perform” rating on the stock. Separately, analysts at National Bank Financial downgraded shares of Canadian Oil Sands from a “sector perform” rating to an “underperform” rating in a research note on Friday, April 25th. They now have a C$21.50 price target on the stock, down previously from C$22.00. Finally, analysts at NBF downgraded shares of Canadian Oil Sands to an “underperform” rating in a research note on Friday, April 25th. They now have a C$21.50 price target on the stock, down previously from C$22.00. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$22.88. Canadian Oil Sands Limited is a pure investment opportunity in light, sweet crude oil. Through its 36.