Petrel Resources PLC Receives “Buy” Rating from Northland Capital Partners (PET)
Petrel Resources PLC (LON:PET)‘s stock had its “buy” rating reaffirmed by analysts at Northland Capital Partners in a research report issued to clients and investors on Thursday. They currently have a GBX 15.10 ($0.26) price objective on the stock. Northland Capital Partners’ price objective indicates a potential upside of 63.24% from the company’s current price.
A number of other analysts have also recently weighed in on PET. Analysts at Northland Securities reiterated a “buy” rating on shares of Petrel Resources PLC in a research note on Thursday. They now have a GBX 15.10 ($0.26) price target on the stock.
Shares of Petrel Resources PLC (LON:PET) traded up 4.55% on Thursday, hitting GBX 8.625. The stock had a trading volume of 130,120 shares. Petrel Resources PLC has a one year low of GBX 7.438 and a one year high of GBX 14.75. The stock’s 50-day moving average is GBX 9.20 and its 200-day moving average is GBX 11.66.
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.