Pacific Rubiales Stock Rating Reaffirmed by RBC Capital (PRE)
Pacific Rubiales (TSE:PRE)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Monday, StockRatingsNetwork.com reports.
A number of other firms have also recently commented on PRE. Analysts at Scotiabank cut their price target on shares of Pacific Rubiales (TSE:PRE) from C$33.00 to C$31.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Salman Partners upgraded shares of Pacific Rubiales (TSE:PRE) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a C$24.50 price target on the stock. Finally, analysts at HSBC initiated coverage on shares of Pacific Rubiales (TSE:PRE) in a research note to investors on Monday, August 26th. They set an “overweight” rating and a C$24.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Pacific Rubiales currently has an average rating of “Buy” and a consensus price target of C$28.20.
Pacific Rubiales (TSE:PRE) traded down 5.57% during mid-day trading on Monday, hitting $20.34. The stock had a trading volume of 1,709,446 shares. Pacific Rubiales has a 1-year low of $17.55 and a 1-year high of $25.94. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $20.86. The company has a market cap of $6.578 billion and a P/E ratio of 30.34.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.17 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, September 18th.
Pacific Rubiales Energy Corp. (TSE:PRE) is a producer of natural gas and heavy crude oil, owns Meta Petroleum Corp.
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