Eco (Atlantic) Oil & Gas (LON:ECO) Stock Rating Reaffirmed by Berenberg Bank

Eco (Atlantic) Oil & Gas (LON:ECO – Get Rating)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 125 ($1.51) price target on the stock.

Eco (Atlantic) Oil & Gas Trading Up 2.7 %

Shares of ECO stock opened at GBX 19.25 ($0.23) on Monday. The stock has a market cap of £70.44 million, a P/E ratio of -17.55 and a beta of 2.21. The business has a fifty day simple moving average of GBX 19.60 and a 200-day simple moving average of GBX 26.85. Eco has a fifty-two week low of GBX 15 ($0.18) and a fifty-two week high of GBX 46 ($0.56). The company has a quick ratio of 4.71, a current ratio of 5.07 and a debt-to-equity ratio of 2.11.

Eco (Atlantic) Oil & Gas Company Profile

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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.