Berenberg Bank Reaffirms Buy Rating for Eco (Atlantic) Oil & Gas (LON:ECO)

Eco (Atlantic) Oil & Gas (LON:ECO)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Tuesday, September 22nd, Digital Look reports. They presently have a GBX 125 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 199.04% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 128 price objective on shares of Eco (Atlantic) Oil & Gas in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Eco (Atlantic) Oil & Gas presently has a consensus rating of “Buy” and an average price target of GBX 126.50.

Eco (Atlantic) Oil & Gas Stock Up 1.5%

Shares of ECO stock traded up GBX 0.60 during trading hours on Tuesday, reaching GBX 41.80. 1,178,623 shares of the stock traded hands, compared to its average volume of 2,105,826. The firm has a market capitalization of £146.18 million, a PE ratio of -18.17 and a beta of 0.95. Eco has a 1-year low of GBX 6.79 and a 1-year high of GBX 71. The business has a fifty day moving average price of GBX 49.01 and a 200 day moving average price of GBX 54.22.

Eco (Atlantic) Oil & Gas Company Profile

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil & gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.

Eco has interests in Guyana, South Africa and Namibia, proven jurisdictions with great hydrocarbon potential, and aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in these stable emerging markets, in partnership with major oil companies.