Haywood Thinks Petrolia’s Stock is Going to Recover
In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Petrolia (PEA). Analyst Darrell Bishop from Haywood rated Petrolia (PEA) a Buy, setting a C$4 price target.
Petrolia has an analyst consensus of Hold.
Petrolia’s market cap is currently C$98.07M and has a P/E ratio of 0. The company has a Price to Book ratio of 2.77.
Pieridae Energy Ltd. engages in exploration and production of crude oil and natural gas. It focuses on the development of integrated energy activities, from upstream production to the sale of LNG. The company’s main project is the Goldboro LNG Project.
The company’s shares closed on Wednesday at C$1.96, close to its 52-week low of C$1.82.