Update on Panama Petro. Decent stock beaten down. 50% upside potential.
Panama Petro was beaten down from highs of 260s towards 175 almost 30% from highs.
Stock PE seems to have been re-rated to 20x from 25x.
At 20x annualized current quarter EPS of 2.81, stock can move towards 225 in less than 3 months. Have a Stoploss of 165.
On one year view, we are positive on the sector and the stock can move towards fresh 52 week highs of 280. Have a SL of 140 and add on dips if any. (50% upside seen in a year.)
Earlier call on Panama Petro:
I am Vinoth Kanna, Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.