BlackPearl Resources Receives a Buy from AltaCorp Captial

Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. BlackPearl Resources (TSX: PXX) received a Buy rating from AltaCorp Captial’s analyst Nick Lupick, with a C$2.10 price target.

Lupick has an average return of 21.0% when recommending BlackPearl Resources.

According to TipRanks.com, Lupick is ranked #1744 out of 4829 analysts.

BlackPearl Resources has an analyst consensus of Strong Buy, with a price target consensus of C$2.03.

Based on BlackPearl Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$8.79 million. In comparison, last year the company had a net profit of C$7.81 million.

BlackPearl Resources, Inc. engages in the exploration, development, and production of oil and gas. It focuses on heavy oil and oil sands projects in Western Canada. Its properties include Onion Lake, Mooney, and Blackrod. The company was founded on October 15, 1984 and is headquartered in Calgary, Canada.

The company’s shares closed on Tuesday at C$1.30.