Eco (Atlantic) Oil & Gas’ (ECO) Buy Rating Reiterated at Berenberg Bank

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

Eco (Atlantic) Oil & Gas Stock Down 2.3%

Shares of ECO opened at GBX 7.13 on Wednesday. Eco has a 52-week low of GBX 6.79 and a 52-week high of GBX 12.84. The stock has a market cap of £22.49 million, a PE ratio of -8.92 and a beta of 1.95. The firm’s fifty day moving average is GBX 7.48 and its two-hundred day moving average is GBX 8.49.

Eco (Atlantic) Oil & Gas Company Profile

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.