Northland Securities Reiterates “Buy” Rating for Petrel Resources PLC (PET)
Petrel Resources PLC (LON:PET)‘s stock had its “buy” rating reiterated by research analysts at Northland Securities in a report released on Tuesday. They currently have a GBX 15.10 ($0.26) price target on the stock. Northland Securities’ price objective suggests a potential upside of 94.84% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Petrel Resources PLC in a research note on Wednesday, July 2nd. They now have a GBX 15.10 ($0.26) price target on the stock.
Shares of Petrel Resources PLC (LON:PET) traded up 2.49% on Tuesday, hitting GBX 7.815. The stock had a trading volume of 24,003 shares. Petrel Resources PLC has a 52-week low of GBX 7.50 and a 52-week high of GBX 14.75. The stock has a 50-day moving average of GBX 9.46 and a 200-day moving average of GBX 11.7.
Petrel Resources Plc is engaged in oil exploration and development. The Company holds 1,400km of prospective acreage in the Porcupine Basin of the Irish offshore.