Prairie Provident Resources Inc (PPR) Forecasted to Post FY2017 Earnings of $0.02 Per Share

Prairie Provident Resources Inc (TSE:PPR) – Analysts at Beacon Securities upped their FY2017 earnings estimates for shares of Prairie Provident Resources in a research note issued to investors on Wednesday, according to Zacks Investment Research. Beacon Securities analyst K. Wilson now forecasts that the company will earn $0.02 per share for the year, up from their prior estimate of ($0.04). Beacon Securities also issued estimates for Prairie Provident Resources’ Q4 2017 earnings at $0.02 EPS.

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Shares of Prairie Provident Resources (TSE:PPR) remained flat at $0.60 during midday trading on Friday. The stock had a trading volume of 51,196 shares. Prairie Provident Resources has a 52-week low of $0.58 and a 52-week high of $1.35. The firm has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.74.

About Prairie Provident Resources

Prairie Provident Resources Inc is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, Canada. The Company’s strategy is to grow organically in combination with acquisitions of conventional oil prospects, which can be developed. Prairie Provident Resources Inc’s operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Lithic Glauc formation and consisting of approximately 79,000 net acres , along with an early stage waterflood project at Evi in the Peace River Arch area of Northern Alberta, consisting of approximately 31,550 net acres.

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