Petroleum Resources Corp. (NYSE:PEO) had its price target raised by Acumen Capital from C$4.70 to C$5.10 in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential downside of 74.42% from the stock’s previous close.

Petroleum Resources Corp. (NYSE:PEO) traded up 0.1790% during trading on Thursday, hitting $19.9757. The stock had a trading volume of 45,970 shares. Petroleum Resources Corp. has a 52-week low of $14.29 and a 52-week high of $21.63. The firm’s market cap is $561.16 million. The company’s 50 day moving average is $19.78 and its 200 day moving average is $19.36.

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

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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