BlackPearl Resources (PXX) Posts Quarterly Earnings, Hits Estimates
BlackPearl Resources (TSE:PXX) released its earnings data on Thursday. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01, American Banking News.com reports.
A number of research firms have recently commented on PXX. Analysts at CIBC cut their price target on shares of BlackPearl Resources from C$3.50 to C$3.25 in a research note on Thursday, July 17th. On the ratings front, analysts at Scotiabank downgraded shares of BlackPearl Resources from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 23rd. They now have a C$3.00 price target on the stock, down previously from C$3.50. Finally, analysts at Paradigm Capital cut their price target on shares of BlackPearl Resources from C$3.75 to C$3.50 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. BlackPearl Resources has an average rating of “Buy” and a consensus price target of C$3.28.
Shares of BlackPearl Resources (TSE:PXX) opened at 2.12 on Thursday. BlackPearl Resources has a 52 week low of $1.72 and a 52 week high of $3.15. The stock’s 50-day moving average is $2.22 and its 200-day moving average is $2.. The company has a market cap of $711.1 million and a P/E ratio of 52.25.
BlackPearl Resources Inc (TSE:PXX) is an oil and natural gas company.
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