Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Down 8.7% – Should You Sell?

by · The Cerbat Gem

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Get Free Report)’s stock price fell 8.7% on Friday . The company traded as low as GBX 19 and last traded at GBX 20. 3,941,835 shares changed hands during trading, an increase of 222% from the average session volume of 1,225,581 shares. The stock had previously closed at GBX 21.90.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 125 target price on shares of Eco (Atlantic) Oil & Gas in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Eco (Atlantic) Oil & Gas currently has an average rating of “Buy” and a consensus target price of GBX 125.

Read Our Latest Analysis on Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Stock Performance

The company has a market cap of £63.05 million, a PE ratio of -22.22 and a beta of 1.95. The firm’s 50 day moving average is GBX 9.82 and its 200-day moving average is GBX 9.10.

About Eco (Atlantic) Oil & Gas

(Get Free Report)

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.

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