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

Petroleum Resources Corp. (NYSE:PEO) opened at 19.87 on Thursday. Petroleum Resources Corp. has a 12 month low of $14.29 and a 12 month high of $21.63. The company’s 50-day moving average is $19.76 and its 200 day moving average is $19.42. The firm’s market cap is $558.19 million.

In other news, President James P. Haynie sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of C$19.55, for a total value of C$52,785.00. Following the sale, the president now owns 10,458 shares in the company, valued at C$204,453.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

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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.

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