Eco (Atlantic) Oil & Gas (LON:ECO) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO) in a report released on Thursday, Digital Look reports. Berenberg Bank currently has a GBX 125 ($1.65) price target on the stock.

Eco (Atlantic) Oil & Gas Price Performance

Shares of ECO stock opened at GBX 13.20 ($0.17) on Thursday. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.48 and a quick ratio of 4.71. The firm has a market cap of £48.86 million, a price-to-earnings ratio of -330.00 and a beta of 1.91. The stock’s fifty day simple moving average is GBX 12.16 and its 200 day simple moving average is GBX 11.41. Eco has a one year low of GBX 7.80 ($0.10) and a one year high of GBX 16.25 ($0.21).

Eco (Atlantic) Oil & Gas Company Profile

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 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.