Is Providence Resources PLC a Buy? The Stock Rises Again

 Is Providence Resources PLC a Buy? The Stock Rises Again

The stock of Providence Resources PLC (LON:PVR) is a huge mover today! The stock decreased 2.33% or GBX 0.25 on November 23, hitting GBX 10.5. About 2.21 million shares traded hands or 38.13% up from the average. Providence Resources PLC (LON:PVR) has declined 21.82% since April 25, 2016 and is downtrending. It has underperformed by 27.15% the S&P500.
The move comes after 6 months positive chart setup for the GBX company. It was reported on Nov, 23 by Barchart.com. We have GBX 10.82 PT which if reached, will make LON:PVR worth GBX more.

Providence Resources PLC (LON:PVR) Ratings Coverage

Out of 2 analysts covering Providence Resources PLC (LON:PVR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 87 is the highest target while GBX 24 is the lowest. The GBX 33 average target is 214.29% above today’s (GBX 10.5) stock price. Providence Resources PLC has been the topic of 18 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained Providence Resources PLC (LON:PVR) on Monday, September 21 with “Buy” rating. On Friday, February 19 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The rating was maintained by Beaufort Securities on Monday, March 14 with “Speculative Buy”. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, November 16. The rating was maintained by Cantor Fitzgerald on Wednesday, July 20 with “Buy”. The company was maintained on Thursday, July 14 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald on Tuesday, September 29 with “Buy”. As per Wednesday, October 28, the company rating was maintained by Beaufort Securities. On Thursday, September 15 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The rating was maintained by Beaufort Securities with “Speculative Buy” on Friday, December 18.

Providence Resources P.l.c. is an upstream gas and oil company. The company has a market cap of GBP. The Firm has a portfolio of appraisal and exploration assets located offshore the island of Ireland. It currently has negative earnings. The Firm operates through two divisions: UK exploration assets, which includes gas and oil exploration assets in the United Kingdom, and Republic of Ireland exploration assets, which include gas and oil exploration assets in the Republic of Ireland.

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