Eco (Atlantic) Oil & Gas (LON:ECO) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO) in a report published on Tuesday,Digital Look reports. Berenberg Bank currently has a GBX 125 price target on the stock.

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

Eco (Atlantic) Oil & Gas Stock Up 4.1%

ECO stock opened at GBX 43.50 on Tuesday. Eco has a 52 week low of GBX 6.79 and a 52 week high of GBX 71. The business has a 50-day simple moving average of GBX 50.17 and a 200 day simple moving average of GBX 54.33. The company has a market cap of £152.12 million, a PE ratio of -18.91 and a beta of 0.95.

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.