President Energy’s (PPC) “Corporate” Rating Reiterated at FinnCap

FinnCap reaffirmed their corporate rating on shares of President Energy (LON:PPC) in a research note released on Monday morning, Stock Target Advisor reports. The brokerage currently has a GBX 10 ($0.13) price objective on the stock, down from their previous price objective of GBX 19 ($0.25).

PPC has been the subject of a number of other reports. Peel Hunt reaffirmed an add rating on shares of President Energy in a research note on Friday, November 1st. Peel Hunt reissued an add rating and set a GBX 10.50 ($0.14) target price on shares of President Energy in a research report on Wednesday, August 28th.

Shares of President Energy stock opened at GBX 3.70 ($0.05) on Monday. The firm has a market cap of $40.96 million and a P/E ratio of 12.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 19.31. President Energy has a 12 month low of GBX 3.70 ($0.05) and a 12 month high of GBX 10.35 ($0.14). The stock’s fifty day moving average price is GBX 4.08 and its 200-day moving average price is GBX 5.90.

About President Energy

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds interests in the Pirity and Hernandarias concessions located in the Pirity Sub-Basin in Paraguay; the CNO-8 Puesto Guardian, and Matorras and Ocultar licenses in Argentina; and the Las Bases and Puesto Prado Concessions in Rio Negro Province, Argentina.

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