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

Eco (Atlantic) Oil & Gas (LON:ECOGet Rating)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They currently have a GBX 125 ($1.47) price objective on the stock.

Eco (Atlantic) Oil & Gas Trading Down 58.3 %

Shares of LON:ECO opened at GBX 17.50 ($0.21) on Friday. Eco has a 52-week low of GBX 17 ($0.20) and a 52-week high of GBX 46 ($0.54). The company has a market capitalization of £60.20 million and a P/E ratio of -15.91. The company has a 50-day simple moving average of GBX 34.53 and a 200 day simple moving average of GBX 30.80. The company has a debt-to-equity ratio of 2.11, a quick ratio of 6.68 and a current ratio of 7.08.

Eco (Atlantic) Oil & Gas Company Profile

(Get Rating)

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.

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