Amerisur Resources plc (LON:AMER) Receives Average Rating of “Hold” from Analysts

Shares of Amerisur Resources plc (LON:AMER) have been given a consensus rating of “Hold” by the five research firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 30.50 ($0.40).

A number of brokerages have issued reports on AMER. Peel Hunt reiterated a “sell” rating and issued a GBX 24 ($0.32) price target on shares of Amerisur Resources plc in a report on Friday, June 3rd. Shore Capital reissued a “house stock” rating on shares of Amerisur Resources plc in a research note on Thursday, April 7th. Investec reissued a “buy” rating and issued a GBX 34 ($0.45) price objective on shares of Amerisur Resources plc in a research note on Thursday, April 7th. Finally, Barclays PLC lifted their price objective on shares of Amerisur Resources plc from GBX 34 ($0.45) to GBX 36 ($0.48) and gave the stock an “equal weight” rating in a research note on Wednesday, July 13th.

Shares of Amerisur Resources plc (LON:AMER) traded up 0.95% on Wednesday, reaching GBX 26.50. 1,451,086 shares of the company traded hands. The firm’s market capitalization is GBX 284.35 million. The stock has a 50-day moving average price of GBX 26.82 and a 200 day moving average price of GBX 26.27. Amerisur Resources plc has a 1-year low of GBX 16.68 and a 1-year high of GBX 36.25.

Amerisur Resources plc is an independent full-cycle oil and gas company. The Company’s principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. Its segments include Colombia and Paraguay. The Company owns the Platanillo block, including the Platanillo field, which produces approximately 4,350 barrels of oil per day (BOPD).