Petroleum Resources Corp. (NYSE:PEO) had its target price increased by Acumen Capital from C$4.70 to C$5.10 in a report published on Thursday. Acumen Capital currently has a buy rating on the stock.

Shares of Petroleum Resources Corp. (NYSE:PEO) opened at 19.87 on Thursday. The firm’s market capitalization is $558.19 million. Petroleum Resources Corp. has a 52 week low of $14.29 and a 52 week high of $21.63. The company’s 50-day moving average is $19.76 and its 200 day moving average is $19.42.

In related news, President James P. Haynie sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of C$19.55, for a total transaction of C$52,785.00. Following the completion of the transaction, the president now owns 10,458 shares of the company’s stock, valued at C$204,453.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

About Petroleum Resources Corp.

Adams Natural Resources Fund, Inc, formerly known as Petroleum & Resources Corporation, is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation.

5 Day Chart for NYSE:PEO

Receive News & Ratings for Petroleum Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleum Resources Corp. and related companies with's FREE daily email newsletter.