Eco (Atlantic) Oil & Gas’ (ECO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO) in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a GBX 125 price target on the stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 128 target price on shares of Eco (Atlantic) Oil & Gas in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Eco (Atlantic) Oil & Gas currently has an average rating of “Buy” and a consensus price target of GBX 126.50.

Eco (Atlantic) Oil & Gas Stock Performance

ECO stock opened at GBX 42.30 on Tuesday. The stock has a market cap of £147.93 million, a P/E ratio of -18.39 and a beta of 0.95. The firm has a 50 day simple moving average of GBX 49.62 and a 200 day simple moving average of GBX 54.29. Eco has a 52 week low of GBX 6.79 and a 52 week 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.