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 research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 128 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 150.43% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 125 price objective on shares of Eco (Atlantic) Oil & Gas in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 126.50.

Eco (Atlantic) Oil & Gas Stock Performance

ECO opened at GBX 51.11 on Thursday. Eco has a one year low of GBX 6.79 and a one year high of GBX 71. The stock’s fifty day moving average is GBX 59.75 and its 200-day moving average is GBX 43.91. The company has a market capitalization of £178.49 million, a PE ratio of -170.37 and a beta of 0.98.

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.