The Petroleum Resources Corp. (PEO) Price Target Raised to C$5.10

The Petroleum Resources Corp. (PEO) Price Target Raised to C$5.10

Petroleum Resources Corp. (NYSE:PEO) had its price objective upped by Acumen Capital from C$4.70 to C$5.10 in a research note released on Thursday morning. The brokerage currently has a buy rating on the stock.

Shares of Petroleum Resources Corp. (NYSE:PEO) opened at 19.88 on Thursday. Petroleum Resources Corp. has a 1-year low of $14.29 and a 1-year high of $21.63. The stock has a 50 day moving average of $19.77 and a 200 day moving average of $19.38. The stock’s market cap is $558.47 million.

In related news, President James P. Haynie sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of C$19.55, for a total transaction of C$52,785.00. Following the sale, the president now owns 10,458 shares of the company’s stock, valued at C$204,453.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

About Petroleum Resources Corp.

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