Pacific Rubiales Energy Corp. (PRE) Posts Quarterly Results
Pacific Rubiales Energy Corp. (TSE:PRE) released its earnings data on Friday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.25, Analyst Ratings Net reports.
A number of research firms have recently commented on PRE. Analysts at Santander cut their price target on shares of Pacific Rubiales Energy Corp. from C$25.00 to C$24.50 in a research note on Friday. On a related note, analysts at CSFB downgraded shares of Pacific Rubiales Energy Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, June 27th. They now have a C$17.00 price target on the stock, up previously from C$16.00. Finally, analysts at Barclays initiated coverage on shares of Pacific Rubiales Energy Corp. in a research note on Friday, June 27th. They set an “overweight” rating and a C$26.80 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$21.58.
Pacific Rubiales Energy Corp. (TSE:PRE) opened at 21.18 on Friday. Pacific Rubiales Energy Corp. has a 52-week low of $14.80 and a 52-week high of $23.86. The stock has a 50-day moving average of $21.12 and a 200-day moving average of $19.42. The company has a market cap of $6.639 billion and a price-to-earnings ratio of 15.39.
Pacific Rubiales Energy Corp. (TSE:PRE) is a producerand seller of natural gas and heavy crude oil.
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