Arsenal Energy Inc. (TSE:AEI) had its price objective lowered by Paradigm Capital from C$1.35 to C$1.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Paradigm Capital’s price target would indicate a potential upside of 5.26% from the stock’s current price.

A number of other research firms also recently issued reports on AEI. Acumen Capital lowered their target price on Arsenal Energy from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. National Bank Financial lowered their target price on Arsenal Energy from C$3.50 to C$2.50 and set an “outperform” rating on the stock in a research report on Thursday, December 3rd. Finally, Pi Financial lowered their target price on Arsenal Energy from C$2.50 to C$2.25 and set a “buy” rating on the stock in a research report on Friday, January 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$3.55.

In other Arsenal Energy news, Director Ronald Neil Mackay purchased 20,500 shares of Arsenal Energy stock in a transaction that occurred on Monday, November 23rd. The stock was acquired at an average price of C$1.34 per share, for a total transaction of C$27,470.00. Also, insider Bruce Mitchell purchased 28,642 shares of Arsenal Energy stock in a transaction that occurred on Friday, November 20th. The shares were acquired at an average price of C$1.39 per share, with a total value of C$39,812.38.

Arsenal Energy (TSE:AEI) opened at 0.95 on Thursday. The firm’s market cap is $18.41 million. Arsenal Energy has a 12-month low of $0.83 and a 12-month high of $5.60. The firm has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.71.

Arsenal Energy Inc. is an oil and gas exploration, development and production company. The Company operates in the United States in North Dakota and in Canada in Alberta and British Columbia with activities focused at Stanley and Lindahl in North Dakota and at Princess in Alberta. The Company produces light oil in North Dakota at Stanley and Lindahl and in Alberta at Evi, and medium oil in Alberta at Provost, Chauvin and Princess. Natural gas is produced at Desan in British Columbia and in Alberta at Chauvin, Princess and Provost. In the United States, the Company operates under its 100% indirectly owned subsidiary Arsenal Energy USA Inc. The Company has approximately eight well drilled, which include three oil wells, one gas well and four dry wells.

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