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An announcement from Condor Energies ( (TSE:CDR) ) is now available.
Condor Energies has successfully drilled its first horizontal well in the Andakli field in Uzbekistan, reaching a total depth of 3,775 meters. This development, along with two successful workovers in the North Syuzma field, has increased the company’s daily production to approximately 12,000 boepd, demonstrating significant growth and potential for further expansion in the region.
The most recent analyst rating on (TSE:CDR) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.
Spark’s Take on TSE:CDR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CDR is a Neutral.
Condor Energies faces significant financial challenges, with profitability and cash flow issues being the most critical. Technical indicators suggest weak momentum, and the valuation is unattractive due to the negative P/E ratio. These factors contribute to a low overall stock score.
To see Spark’s full report on TSE:CDR stock, click here.
More about Condor Energies
Condor Energies Inc. is a Canadian-based, internationally focused energy transition company operating in Central Asia. The company is involved in the energy sector, with a focus on gas and condensate production.
Average Trading Volume: 53,299
Technical Sentiment Signal: Hold
Current Market Cap: C$116.2M
For a thorough assessment of CDR stock, go to TipRanks’ Stock Analysis page.