Canaccord Genuity Raises Nexen to Buy (NXY)

By admin | 6 years ago

Nexen (NYSE: NXY) was upgraded by equities research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

NXY has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) upgraded shares of Nexen from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, April 20th. Separately, analysts at Macquarie upgraded shares of Nexen from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, April 9th. Finally, analysts at TD Newcrest upgraded shares of Nexen to a “buy” rating in a research note to investors on Thursday, March 29th.

Nexen traded up 0.93% on Thursday, hitting $17.38. Nexen has a 1-year low of $13.63 and a 1-year high of $25.00. The company has a market cap of $9.193 billion and a price-to-earnings ratio of 14.59.

Nexen Inc. (Nexen) is an independent, Canada-based global energy company. It operates in three segments: oil and gas, energy marketing, and chemicals.

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