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

Eco (Atlantic) Oil & Gas (LON:ECO)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 125 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 196.21% 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 note on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Eco (Atlantic) Oil & Gas currently has an average rating of “Buy” and an average target price of GBX 126.50.

Eco (Atlantic) Oil & Gas Stock Performance

Shares of LON ECO opened at GBX 42.20 on Tuesday. The stock has a 50 day moving average price of GBX 49.89 and a 200 day moving average price of GBX 54.32. The stock has a market capitalization of £147.58 million, a PE ratio of -18.35 and a beta of 0.95. Eco has a 52 week low of GBX 6.79 and a 52 week high of GBX 71.

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.