FinnCap Reaffirms Corporate Rating for Independent Oil & Gas (LON:IOG)

FinnCap reiterated their corporate rating on shares of Independent Oil & Gas (LON:IOG) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reaffirmed a buy rating on shares of Independent Oil & Gas in a research note on Wednesday, August 7th.

IOG stock opened at GBX 19.39 ($0.25) on Tuesday. Independent Oil & Gas has a 1 year low of GBX 10 ($0.13) and a 1 year high of GBX 33.61 ($0.44). The stock’s 50 day moving average price is GBX 16.69 and its 200 day moving average price is GBX 14.72. The firm has a market cap of $66.18 million and a P/E ratio of -4.22.

Independent Oil & Gas Company Profile

Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. It primarily focuses on the development of hydrocarbon reserves, as well as the acquisition, trading, and monetization of its license interests. The company 100% working interests in the Blythe gas field in the southern North Sea; the Skipper license located to the south east of the Shetlands in the northern North Sea; and the Nailsworth, Elland, and Southwark fields in the southern North Sea.

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