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

Berenberg Bank reissued their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO) in a research report report published on Wednesday morning,Digital Look reports. They currently have a GBX 125 price target on the stock.

Eco (Atlantic) Oil & Gas Price Performance

Shares of ECO opened at GBX 53.80 on Wednesday. The business’s 50-day moving average is GBX 35.97 and its 200-day moving average is GBX 19.32. The company has a market capitalization of £184.07 million, a price-to-earnings ratio of -59.78 and a beta of 1.05. Eco has a fifty-two week low of GBX 6.79 and a fifty-two week high of GBX 62.

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.