Capital One Upgrades Plains Exploration & Production Company to Strong-Buy (PXP)

By admin | 6 years ago

Plains Exploration & Production Company (NYSE: PXP) was upgraded by research analysts at Capital One to a “strong-buy” rating in a report released on Thursday.

Shares of Plains Exploration & Production Company traded up 0.81% during mid-day trading on Thursday, hitting $36.31. Plains Exploration & Production Company has a one year low of $20.25 and a one year high of $47.13. The company has a market cap of $4.680 billion and a P/E ratio of 95.80.

Plains Exploration & Production Company last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.03. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Plains Exploration & Production Company will post $0.85 earnings per share next quarter.

PXP has been the subject of a number of other recent research reports. Analysts at Johnson Rice upgraded shares of Plains Exploration & Production Company to an “overweight” rating in a research note to investors on Friday, May 4th. Separately, analysts at Dahlman Rose raised their price target on shares of Plains Exploration & Production Company from $50.00 to $60.00 in a research note to investors on Monday, April 9th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Plains Exploration & Production Company in a research note to investors on Thursday, April 5th. They now have a $43.00 price target on the stock.

Plains Exploration & Production Company (PXP) is an independent oil and gas company engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States.

About the author