Bankers Petroleum (TSE:BNK) had its price target upped by RBC Capital from C$4.50 to C$5.00 in a research note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has an outperform rating on the stock.
RBC Capital has also taken action a number of other stocks recently. The firm downgraded shares of Randgold Resources Ltd. from an outperform rating to a sector perform rating. They noted that the move was a valuation call. Also, RBC Capital upgraded shares of Crosstex Energy LP from a sector perform rating to an outperform rating. RBC Capital now has a $29.00 price target on that stock, down previously from $35.00. Finally, RBC Capital lowered its price target on shares of NovaGold Resources from $7.00 to $3.50. They have a sector perform rating on that stock.
Shares of Bankers Petroleum (TSE:BNK) traded up 3.13% during mid-day trading on Tuesday, hitting $3.95. 1,789,015 shares of the company’s stock traded hands. Bankers Petroleum has a 52 week low of $2.26 and a 52 week high of $4.25. The stock has a 50-day moving average of $3.94 and a 200-day moving average of $3.28. The company has a market cap of $1.001 billion and a price-to-earnings ratio of 19.15.
Bankers Petroleum (TSE:BNK) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.08 EPS for the quarter. On average, analysts predict that Bankers Petroleum will post $0.26 earnings per share for the current fiscal year.
BNK has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Bankers Petroleum from C$5.00 to C$6.00 in a research note to investors on Thursday, October 10th. They now have a buy rating on the stock. Separately, analysts at Haywood Securities raised their price target on shares of Bankers Petroleum from C$5.00 to C$5.50 in a research note to investors on Thursday, September 19th. They now have a buy rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Bankers Petroleum from C$4.50 to C$5.00 in a research note to investors on Thursday, August 15th. They now have a sector perform rating on the stock. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$5.19.
Bankers Petroleum Ltd. (TSE:BNK) is engaged in the exploration for and development and production of oil in Albania.
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