Canaccord Genuity Reaffirms Their Buy Rating on Saturn Oil & Gas (OILSF)

In a report released today, Mike Mueller from Canaccord Genuity maintained a Buy rating on Saturn Oil & Gas, with a price target of C$3.50. The company’s shares closed yesterday at $1.86.

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According to TipRanks, Mueller is an analyst with an average return of -2.9% and a 46.21% success rate. Mueller covers the Energy sector, focusing on stocks such as Baytex Energy, Gran Tierra Energy, and Surge Energy.

Saturn Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of $3.02, which is a 62.37% upside from current levels. In a report released today, Roth MKM also assigned a Buy rating to the stock with a C$6.00 price target.

The company has a one-year high of $1.94 and a one-year low of $0.89. Currently, Saturn Oil & Gas has an average volume of 33.09K.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OILSF in relation to earlier this year.