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Dragon Oil plc (LON:DGO)‘s stock had its “outperform” rating reiterated by investment analysts at Davy Research in a note issued to investors on Thursday, Analyst Ratings Network reports.

Shares of Dragon Oil plc (LON:DGO) traded up 1.06% during mid-day trading on Thursday, hitting GBX 570.50. The stock had a trading volume of 789,038 shares. Dragon Oil plc has a 1-year low of GBX 544.00 and a 1-year high of GBX 669.00. The stock has a 50-day moving average of GBX 564.0 and a 200-day moving average of GBX 593.4. The company’s market cap is £2.803 billion.

A number of other analysts have also recently weighed in on DGO. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Dragon Oil plc from GBX 834 ($13.68) to GBX 766 ($12.56) in a research note to investors on Wednesday, December 11th. They now have a “neutral” rating on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Dragon Oil plc in a research note to investors on Thursday, December 5th.

Dragon Oil plc is engaged in exploration, development and production of oil and gas in Turkmenistan, Yemen and Tunisia.

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