President Energy (LON:PPC) Rating Lowered to Add at Peel Hunt

Peel Hunt cut shares of President Energy (LON:PPC) to an add rating in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 10 ($0.13) price target on the stock, down from their prior price target of GBX 11 ($0.14).

Separately, FinnCap reaffirmed a corporate rating on shares of President Energy in a report on Monday, February 25th.

PPC stock opened at GBX 7.10 ($0.09) on Thursday. The company has a market capitalization of $79.99 million and a PE ratio of -11.86. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.46 and a quick ratio of 0.45. President Energy has a 12-month low of GBX 6.50 ($0.08) and a 12-month high of GBX 10.35 ($0.14).

President Energy Company Profile

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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