Berenberg Bank Reiterates Buy Rating for Kistos (LON:KIST)

Kistos (LON:KIST)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 325 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 38.24% from the company’s current price.

Kistos Stock Up 2.2%

Kistos stock traded up GBX 5.10 during trading hours on Friday, reaching GBX 235.10. The stock had a trading volume of 222,293 shares, compared to its average volume of 274,726. The company has a market cap of £195.41 million, a price-to-earnings ratio of -4.12 and a beta of 0.44. The business’s 50 day moving average price is GBX 275.12 and its 200-day moving average price is GBX 244.53. Kistos has a 52 week low of GBX 145 and a 52 week high of GBX 335. The company has a debt-to-equity ratio of 822.55, a current ratio of 2.07 and a quick ratio of 2.33.

Kistos (LON:KIST) last released its quarterly earnings results on Friday, June 26th. The company reported GBX (0.02) earnings per share for the quarter. Kistos had a negative net margin of 24.24% and a negative return on equity of 136.50%. The firm had revenue of £212.94 million during the quarter. Sell-side analysts anticipate that Kistos will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Kistos news, insider James Thomson sold 15,601 shares of Kistos stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 286, for a total value of £44,618.86. 15.02% of the stock is currently owned by company insiders.

About Kistos

Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.

Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.

Central to our approach is operating with industry-leading sustainability and social responsibility credentials.