Pacific Rubiales Price Target Lowered to $27.00 at Dundee Securities (PRE)
Pacific Rubiales (TSE: PRE) had its target price trimmed by Dundee Securities from $29.00 to $27.00 in a research note issued to investors on Monday. The firm currently has a neutral rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at CIBC cut their price target on shares of Pacific Rubiales from $29.50 to $25.00 in a research note to investors on Monday. They now have a sector perform rating on the stock. Separately, analysts at Salman Partners downgraded shares of Pacific Rubiales from a buy rating to a hold rating in a research note to investors on Friday, March 15th. They now have a $25.00 price target on the stock, down previously from $32.00. Finally, analysts at BMO Capital Markets cut their price target on shares of Pacific Rubiales from $30.00 to $29.00 in a research note to investors on Friday, March 15th. They now have an outperform rating on the stock.
Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $27.14.
Pacific Rubiales (TSE: PRE) traded down 2.57% on Monday, hitting $21.24. Pacific Rubiales has a 52-week low of $20.76 and a 52-week high of $29.48. The stock’s 50-day moving average is currently $24.31. The company has a market cap of $6.314 billion and a price-to-earnings ratio of 12.18.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 26th. Stockholders of record on Monday, March 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 14th.
Pacific Rubiales Energy Corp. (TSE: PRE) is a producer of natural gas and heavy crude oil, owns Meta Petroleum Corp.
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