Berenberg Bank Reaffirms “Buy” Rating for Eco (Atlantic) Oil & Gas (LON:ECO)

Eco (Atlantic) Oil & Gas (LON:ECO)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 125 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 195.51% from the stock’s current price.

Separately, Canaccord Genuity Group reissued 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 126.50.

Eco (Atlantic) Oil & Gas Trading Up 0.2%

LON:ECO opened at GBX 42.30 on Tuesday. The firm has a market cap of £147.93 million, a price-to-earnings ratio of -18.39 and a beta of 0.95. The company’s 50-day moving average is GBX 49.62 and its two-hundred day moving average is GBX 54.29. Eco has a 12-month low of GBX 6.79 and a 12-month high of GBX 71.

About Eco (Atlantic) Oil & Gas

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.