Eco (Atlantic) Oil & Gas (LON:ECO) Price Target Raised to GBX 105

Eco (Atlantic) Oil & Gas (LON:ECO) had its price objective lifted by Canaccord Genuity Group from GBX 100 to GBX 105 in a research report sent to investors on Thursday morning,Digital Look reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 125 price target on shares of Eco (Atlantic) Oil & Gas in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 115.

Eco (Atlantic) Oil & Gas Trading Down 1.8%

ECO stock opened at GBX 54.20 on Thursday. Eco has a 12-month low of GBX 6.79 and a 12-month high of GBX 62. The stock has a market cap of £185.44 million, a price-to-earnings ratio of -60.22 and a beta of 1.05. The business’s 50-day moving average is GBX 36.96 and its 200 day moving average is GBX 19.96.

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.