Heritage Oil’s Buy Rating Reaffirmed at Northland Capital Partners (HOIL)
Heritage Oil (LON:HOIL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Northland Capital Partners in a research note issued to investors on Thursday, AR Network reports. They currently have a GBX 237 ($3.89) price objective on the stock. Northland Capital Partners’ price target would suggest a potential upside of 47.20% from the stock’s previous close.
Heritage Oil (LON:HOIL) traded up 3.70% on Thursday, hitting GBX 161.00. 1,304,963 shares of the company’s stock traded hands. Heritage Oil has a 52-week low of GBX 121.70 and a 52-week 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Heritage Oil from GBX 288 ($4.72) to GBX 310 ($5.08) in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 228 ($3.74).
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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