CSFB cut shares of Bankers Petroleum Ltd. (TSE:BNK) from an outperform rating to a neutral rating in a research note issued to investors on Thursday, AnalystRatings.NET reports. They currently have C$1.00 price target on the stock, down from their prior price target of C$3.00.

A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse cut shares of Bankers Petroleum from an outperform rating to a neutral rating in a report on Thursday. CIBC decreased their price objective on shares of Bankers Petroleum from C$3.25 to C$2.00 in a report on Thursday, January 14th. Dundee Securities cut shares of Bankers Petroleum from a buy rating to a neutral rating in a report on Tuesday, January 12th. FirstEnergy Capital decreased their price objective on shares of Bankers Petroleum from C$4.00 to C$3.25 in a report on Friday, January 8th. Finally, TD Securities cut their target price on shares of Bankers Petroleum from C$3.25 to C$2.75 and set a speculative buy rating for the company in a research report on Thursday, December 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of C$3.85.

Bankers Petroleum (TSE:BNK) opened at 0.85 on Thursday. The firm has a market capitalization of $221.85 million and a P/E ratio of 3.97. The firm has a 50-day moving average price of $0.88 and a 200-day moving average price of $1.81. Bankers Petroleum has a 52 week low of $0.60 and a 52 week high of $3.83.

Bankers Petroleum Ltd. (TSE:BNK) is a Canada-based oil exploration and production company with a focus on petroleum assets in Albania. The Company generates all of its oil revenue from its operations in Albania, which is located northwest of Greece in South Eastern Europe. Bankers operate and have the full rights to develop the Patos-Marinza and Kucova oilfields in Albania pursuant to License Agreements with the Albanian National Agency for Natural Resources (AKBN) and Petroleum Agreements with Albpetrol Sh.A (Albpetrol), the state-owned oil and Gas Corporation. The Patos-Marinza oilfield is an onshore oilfield in continental Europe, holding approximately 5.1 billion barrels of Oil Initially in Place (OIIP). The Company also has exclusive rights to exploration Block F (adjacent to the Patos-Marinza oilfield), a 158,000 acre oil and gas prone exploration field.

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