Pacific Rubiales Energy Corp. Given Average Rating of “Hold” by Brokerages (TSE:PRE)
Shares of Pacific Rubiales Energy Corp. (TSE:PRE) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, AnalystRatings.Net reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$21.48.
A number of research firms have recently commented on PRE. Analysts at TD Securities cut their price target on shares of Pacific Rubiales Energy Corp. from C$21.00 to C$20.00 in a research note on Friday. Separately, 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. Finally, 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.
Shares of Pacific Rubiales Energy Corp. (TSE:PRE) opened at 20.85 on Friday. 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 $21.06 and a 200-day moving average of $19.49. The company has a market cap of $6.535 billion and a price-to-earnings ratio of 14.79.
Pacific Rubiales Energy Corp. (TSE:PRE) last released its earnings data on Friday, August 15th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.25. On average, analysts predict that Pacific Rubiales Energy Corp. will post $2.18 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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