Eco Atlantic Oil & Gas (ECO) Earns “Buy” Rating from Berenberg Bank

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Eco Atlantic Oil & Gas (LON:ECO)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 110 ($1.44) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 28.21% from the company’s previous close.

Separately, Peel Hunt reissued a “not rated” rating on shares of Eco Atlantic Oil & Gas in a research report on Thursday, April 4th.

LON ECO opened at GBX 85.80 ($1.12) on Tuesday. The company has a market cap of $137.35 million and a PE ratio of -23.83. Eco Atlantic Oil & Gas has a fifty-two week low of GBX 10.50 ($0.14) and a fifty-two week high of GBX 98 ($1.28).

About Eco Atlantic Oil & Gas

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds a 40% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin, the Co-Operative Republic of Guyana; a 25% working interest in the Cooper block covering 1,100 kilometers located in Namibia; and interests in four offshore petroleum licenses totaling approximately 25,000 square kilometers located in the Republic of Namibia.

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