Pacific Rubiales Stock Rating Reaffirmed by RBC Capital (PRE)
Pacific Rubiales (TSE:PRE)‘s stock had its “outperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday, American Banking News.com reports. They currently have a C$27.00 price objective on the stock. RBC Capital’s price target would suggest a potential upside of 20.91% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Pacific Rubiales from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. Separately, analysts at Scotiabank cut their price target on shares of Pacific Rubiales from C$33.00 to C$31.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at Salman Partners upgraded shares of Pacific Rubiales 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$28.09.
Pacific Rubiales (TSE:PRE) traded up 0.27% during mid-day trading on Thursday, hitting $22.33. The stock had a trading volume of 903,628 shares. Pacific Rubiales has a one year low of $17.55 and a one year high of $25.94. The stock’s 50-day moving average is $19.83 and its 200-day moving average is $20.86. The company has a market cap of $7.222 billion and a price-to-earnings ratio of 31.37.
Pacific Rubiales Energy Corp. (TSE:PRE) is a producer of natural gas and heavy crude oil, owns Meta Petroleum Corp.
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