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

Eco (Atlantic) Oil & Gas (LON:ECO – Get Rating)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They currently have a GBX 125 ($1.50) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 437.63% from the stock’s current price.

Eco (Atlantic) Oil & Gas Stock Performance

Shares of ECO opened at GBX 23.25 ($0.28) on Thursday. The company has a current ratio of 1.10, a quick ratio of 4.71 and a debt-to-equity ratio of 2.11. The stock has a market cap of £85.02 million, a P/E ratio of -193.75 and a beta of 2.21. The company has a 50-day moving average of GBX 20.29 and a two-hundred day moving average of GBX 26.31. Eco has a 12-month low of GBX 15 ($0.18) and a 12-month high of GBX 46 ($0.55).

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.