Petroleum Resources Corp. (NYSE:PEO) had its price objective boosted by research analysts at Acumen Capital from C$4.70 to C$5.10 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s target price indicates a potential downside of 74.35% from the company’s current price.
Petroleum Resources Corp. (NYSE:PEO) opened at 19.88 on Thursday. The firm has a 50-day moving average price of $19.77 and a 200 day moving average price of $19.38. Petroleum Resources Corp. has a 52-week low of $14.29 and a 52-week high of $21.63. The company’s market capitalization is $558.47 million.
In other Petroleum Resources Corp. news, President James P. Haynie sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of C$19.55, for a total value of C$52,785.00. Following the sale, the president now directly 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 accessible through this link. 0.49% of the stock is owned by company 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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