Peel Hunt recorded President Energy Plc (LON:PPC), cutting its target to 17.00GBX today
- Updated: October 3, 2016
Having a price of 11.50GBX, President Energy Plc (LON:PPC) traded -4.35% lower on the day. With the last close up 22.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. President Energy Plc has recorded a 50-day average of 11.76GBX and a two hundred day average of 8.98GBX. Trade Volume was down over the average, with 145,680 shares of PPC changing hands under the typical 407,542
In a report issued 10/04/2016 Peel Hunt reduced the target of President Energy Plc (LON:PPC) from 18.00GBX to 17.00GBX reporting a potential upside of 0.48%.
On Monday August 08, 2016, Peel Hunt released a statement on President Energy Plc (LON:PPC) maintained the target price at 18.00GBX that suggested an upside of 0.84%.
With a total market value of 0 GBX, President Energy Plc has with a one year low of 4.51GBX and a one year high of 14.72GBX .
A total of 3 brokers have released a ratings update on PPC. Two brokerages rating the company a strong buy, zero brokers rating the stock a buy, 1 equity analyst rating the company a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of 14.67GBX.
Brief Synopsis About President Energy Plc (LON:PPC)
President Energy PLC is engaged in the exploration for and the evaluation and production of oil and gas. Its segment includes the exploration and production of hydrocarbons. The Company has oil and gas production in two geographical markets: the United States and Argentina. It has exploration assets in Paraguay, Argentina, the United States and Australia. In Paraguay, it has interest in the Pirity Block, the Demattei Block and the Hernandarias Block. It holds working interest in the CNO-8 Puesto Guardian license, and over two exploration license areas (Matorras and Ocultar) surrounding Puesto Guardian in Salta Province, Argentina. It has interests in approximately two producing oil and gas fields in Louisiana, as operator of the East Lake Verret field and as a partner in the East White Lake field. It also has an interest PEL 82 in South Australia.
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