BlackPearl Resources Inc. (PXX) Given Consensus Recommendation of “Buy” by Brokerages
BlackPearl Resources Inc. (TSE:PXX) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$1.99.
Several analysts recently issued reports on the stock. TD Securities reissued a “hold” rating and issued a C$1.45 price target on shares of BlackPearl Resources in a research report on Thursday, May 4th. Scotiabank reissued a “sector perform” rating and issued a C$2.00 price target on shares of BlackPearl Resources in a research report on Thursday, May 4th.
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Shares of BlackPearl Resources (TSE:PXX) opened at 1.22 on Tuesday. The firm’s 50-day moving average is $1.26 and its 200 day moving average is $1.51. The company’s market capitalization is $410.17 million. BlackPearl Resources has a 52-week low of $0.91 and a 52-week high of $1.91.
About BlackPearl Resources
BlackPearl Resources Inc is a Canda-based oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. Its 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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