Petrominerales Lowered to Neutral at Dundee Securities (PMG)
Petrominerales traded up 4.69% on Friday, hitting $6.70. Petrominerales has a 1-year low of $6.34 and a 1-year high of $18.73. The stock’s 50-day moving average is currently $8.77. The company has a market cap of $566.1 million and a price-to-earnings ratio of 1.98.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Petrominerales from $11.00 to $8.50 in a research note to investors on Friday. Separately, analysts at Haywood Securities downgraded shares of Petrominerales from a “sector perform” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $7.00 price target on the stock, down previously from $9.25. Finally, analysts at UBS AG downgraded shares of Petrominerales from a “buy” rating to a “neutral” rating in a research note to investors on Thursday.
Petrominerales Ltd. (Petrominerales) is an oil and gas company involved in the exploration, development and production of crude oil in Colombia and Peru.
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