Heritage Oil Rating Reiterated by JPMorgan Chase & Co. (HOIL)
Heritage Oil (LON:HOIL)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 245 ($4.02) target price on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 52.17% from the company’s current price.
HOIL has been the subject of a number of other recent research reports. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Heritage Oil in a research note to investors on Thursday. They now have a GBX 237 ($3.89) price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Heritage Oil from GBX 200 ($3.28) to GBX 220 ($3.61) in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Heritage Oil from GBX 247 ($4.05) to GBX 200 ($3.28) in a research note to investors on Wednesday, December 11th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 228 ($3.74).
Heritage Oil (LON:HOIL) traded up 3.70% during mid-day trading on Thursday, hitting GBX 161.00. 1,304,963 shares of the company’s stock traded hands. Heritage Oil has a one year low of GBX 121.70 and a one year high of GBX 224.70. The stock’s 50-day moving average is GBX 156.6 and its 200-day moving average is GBX 167.7. The company’s market cap is £415.3 million.
Heritage Oil Plc is an independent international oil and gas exploration, development and production company in Africa, the Middle East, Russia and South Asia.
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