Dragon Oil plc Rating Reiterated by Davy Research (DGO)
Dragon Oil plc (LON:DGO)‘s stock had its “outperform” rating reaffirmed by Davy Research in a research note issued on Tuesday, AR Network reports.
Shares of Dragon Oil plc (LON:DGO) traded down 1.49% during mid-day trading on Tuesday, hitting GBX 595.00. The stock had a trading volume of 156,721 shares. Dragon Oil plc has a 1-year low of GBX 483.75 and a 1-year high of GBX 669.00. The stock has a 50-day moving average of GBX 520.0 and a 200-day moving average of GBX 537.1. The company’s market cap is £2.924 billion.
DGO has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Dragon Oil plc in a research note to investors on Monday, October 14th. They now have a GBX 834 ($13.49) price target on the stock. Analysts at Nomura cut their price target on shares of Dragon Oil plc from GBX 800 ($12.94) to GBX 750 ($12.13) in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock.
Dragon Oil plc is engaged in exploration, development and production of oil and gas in Turkmenistan, Yemen and Tunisia.
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