Oryx Petroleum Co. Given Average Rating of “Buy” by Analysts (TSE:OXC)
Shares of Oryx Petroleum Co. (TSE:OXC) have received an average rating of “Buy” from the nine ratings firms that are currently covering the company, ARN reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$21.56.
A number of analysts have recently weighed in on OXC shares. Analysts at Dundee Securities raised their price target on shares of Oryx Petroleum Co. from C$22.70 to C$23.80 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Cormark initiated coverage on shares of Oryx Petroleum Co. in a research note on Tuesday, April 1st. They set a “buy” rating on the stock. Finally, analysts at TD Securities initiated coverage on shares of Oryx Petroleum Co. in a research note on Friday, March 14th. They set a “speculative buy” rating and a C$19.00 price target on the stock.
Oryx Petroleum Co. (TSE:OXC) traded down 1.64% during mid-day trading on Friday, hitting $14.36. The stock had a trading volume of 2,730 shares. Oryx Petroleum Co. has a 52 week low of $12.69 and a 52 week high of $15.00. The stock has a 50-day moving average of $14.70 and a 200-day moving average of $14.05.
Oryx Petroleum Co. (TSE:OXC) last announced its earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.05.
Oryx Petroleum Corporation Limited is an international oil exploration company focused in Africa and the Middle East.
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