BlackPearl Resources Inc. (PXX) Price Target Increased to C$1.75 by Analysts at Canaccord Genuity
BlackPearl Resources Inc. (TSE:PXX) had its price objective hoisted by Canaccord Genuity from C$1.50 to C$1.75 in a research report released on Wednesday. Canaccord Genuity currently has a speculative buy rating on the stock.
Other equities research analysts have also issued research reports about the company. Scotiabank reiterated a sector perform rating and issued a C$1.20 price target on shares of BlackPearl Resources in a research report on Wednesday, August 10th. AltaCorp Capital upped their price target on BlackPearl Resources from C$1.00 to C$1.25 in a research report on Wednesday, August 10th. TD Securities upped their price target on BlackPearl Resources from C$1.10 to C$1.25 and gave the company a hold rating in a research report on Wednesday, August 10th. Royal Bank Of Canada upped their price target on BlackPearl Resources from C$1.10 to C$1.25 in a research report on Thursday, July 14th. Finally, Barclays PLC upped their price target on BlackPearl Resources from C$1.00 to C$1.50 in a research report on Friday, July 22nd. Seven analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average price target of C$1.36.
BlackPearl Resources (TSE:PXX) opened at 1.44 on Wednesday. The company’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.08. The company’s market capitalization is $483.33 million. BlackPearl Resources has a 12-month low of $0.47 and a 12-month high of $1.49.
BlackPearl Resources Company Profile
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.
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