Pacific Rubiales Energy Corp. Receives Consensus Rating of “Hold” from Analysts (TSE:PRE)
Pacific Rubiales Energy Corp. (TSE:PRE) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$21.58.
PRE has been the subject of a number of recent research reports. 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. Separately, 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.
Pacific Rubiales Energy Corp. (TSE:PRE) traded down 2.97% on Friday, hitting $20.55. 268,325 shares of the company’s stock traded hands. Pacific Rubiales Energy Corp. has a 1-year low of $14.80 and a 1-year 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 $6.441 billion and a P/E ratio of 15.35.
Pacific Rubiales Energy Corp. (TSE:PRE) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.25. On average, analysts predict that Pacific Rubiales Energy Corp. will post $2.15 earnings per share for the current fiscal year.
Pacific Rubiales Energy Corp. (TSE:PRE) is a producerand seller of natural gas and heavy crude oil.
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