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 investment analysts at RBC Capital Markets from C$1.25 to C$1.50 in a report issued on Thursday. RBC Capital Markets’ price target would indicate a potential upside of 10.29% from the company’s previous close.
A number of other brokerages have also recently issued reports on PXX. Royal Bank Of Canada upped their price objective on shares of BlackPearl Resources from C$1.10 to C$1.25 in a research note on Thursday, July 14th. Canaccord Genuity upped their price objective on shares of 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 reaffirmed a “sector perform” rating and issued a C$1.20 price objective on shares of BlackPearl Resources in a research note on Wednesday, August 10th. AltaCorp Capital upped their price objective on shares of BlackPearl Resources from C$1.00 to C$1.25 in a research note on Wednesday, August 10th. Finally, Barclays PLC upped their price objective on shares of 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 stock 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 had a trading volume of 70,464 shares. The company’s market cap is $456.48 million. BlackPearl Resources has a one year low of $0.47 and a one year high of $1.49. The firm’s 50 day moving average is $1.28 and its 200 day moving average is $1.06.
About BlackPearl Resources
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.
Receive News & Stock Ratings for BlackPearl Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackPearl Resources Inc. and related stocks with our FREE daily email newsletter.