Pacific Rubiales Now Covered by Paradigm Capital (PRE)
Paradigm Capital assumed coverage on shares of Pacific Rubiales (TSE:PRE) in a research note issued on Monday, AnalystRatings.Net reports. The firm set a “sell” rating and a C$14.75 price target on the stock. Paradigm Capital’s price objective points to a potential downside of 12.88% from the stock’s previous close.
A number of other firms have also recently commented on PRE. Analysts at CSFB cut their price target on shares of Pacific Rubiales from C$21.00 to C$18.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Pacific Rubiales from C$21.00 to C$18.00 in a research note to investors on Tuesday, January 14th. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Pacific Rubiales in a research note to investors on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Pacific Rubiales presently has an average rating of “Buy” and an average target price of C$25.25.
Pacific Rubiales (TSE:PRE) traded down 4.08% on Monday, hitting $16.24. 941,410 shares of the company’s stock traded hands. Pacific Rubiales has a 52-week low of $15.93 and a 52-week high of $25.94. The stock’s 50-day moving average is $18.09 and its 200-day moving average is $19.86. The company has a market cap of $5.255 billion and a price-to-earnings ratio of 23.19.
Pacific Rubiales Energy Corp. (TSE:PRE) is a producer of natural gas and heavy crude oil, owns Meta Petroleum Corp.
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