BlackPearl Resources Inc. (PXX) PT Raised to C$1.50 at RBC Capital Markets
BlackPearl Resources Inc. (TSE:PXX) had its price objective raised by RBC Capital Markets from C$1.25 to C$1.50 in a research note issued to investors on Thursday. RBC Capital Markets’ price objective would indicate a potential upside of 10.29% from the stock’s previous close.
Several other equities analysts have also commented on PXX. Royal Bank Of Canada upped their target price on BlackPearl Resources from C$1.25 to C$1.50 in a research note on Thursday. TD Securities upped their target price on BlackPearl Resources from C$1.10 to C$1.25 and gave the company a “hold” rating in a research note on Wednesday, August 10th. Canaccord Genuity upped their target price on BlackPearl Resources from C$1.50 to C$1.75 and gave the company a “speculative buy” rating in a research note on Wednesday. Scotiabank reiterated a “sector perform” rating and issued a C$1.20 target price on shares of BlackPearl Resources in a research note on Wednesday, August 10th. Finally, Barclays PLC upped their target price on BlackPearl Resources from C$1.00 to C$1.50 in a research note on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$1.36.
Shares of BlackPearl Resources (TSE:PXX) remained flat at $1.36 on Thursday. The company’s stock had a trading volume of 70,464 shares. The firm’s 50-day moving average price is $1.28 and its 200-day moving average price is $1.06. The company’s market capitalization is $456.48 million. BlackPearl Resources has a 52 week low of $0.47 and a 52 week high of $1.49.
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BlackPearl Resources Company Profile
BlackPearl Resources Inc is an oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. The Company’s primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.
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