Eco (Atlantic) Oil & Gas (LON:ECO) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Eco (Atlantic) Oil & Gas (LON:ECO)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 128 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 150.43% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 target price on shares of Eco (Atlantic) Oil & Gas in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Eco (Atlantic) Oil & Gas presently has an average rating of “Buy” and a consensus price target of GBX 126.50.

Eco (Atlantic) Oil & Gas Stock Up 5.4%

Shares of Eco (Atlantic) Oil & Gas stock opened at GBX 51.11 on Thursday. The stock’s fifty day moving average is GBX 59.75 and its 200-day moving average is GBX 43.91. The firm has a market capitalization of £178.49 million, a PE ratio of -170.37 and a beta of 0.98. Eco has a 12-month low of GBX 6.79 and a 12-month high of GBX 71.

About Eco (Atlantic) Oil & Gas

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.