Heritage Oil Receives “Buy” Rating from Northland Capital Partners (HOIL)
Heritage Oil (LON:HOIL)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Capital Partners in a note issued to investors on Friday, AnalystRatings.NET reports. They currently have a GBX 238 ($3.90) price objective on the stock. Northland Capital Partners’ price target would suggest a potential upside of 17.97% from the stock’s previous close.
Shares of Heritage Oil (LON:HOIL) traded up 1.09% on Friday, hitting GBX 201.415. The stock had a trading volume of 1,658,067 shares. Heritage Oil has a one year low of GBX 121.70 and a one year high of GBX 212.709. The stock has a 50-day moving average of GBX 174.7 and a 200-day moving average of GBX 173.7. The company’s market cap is £519.6 million.
A number of other analysts have also recently weighed in on HOIL. Analysts at UBS AG raised their price target on shares of Heritage Oil from GBX 220 ($3.61) to GBX 225 ($3.69) in a research note on Wednesday, January 22nd. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Heritage Oil from GBX 310 ($5.09) to GBX 265 ($4.35) in a research note on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Heritage Oil in a research note on Thursday, January 9th. They now have a GBX 245 ($4.02) price target on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 223.67 ($3.67).
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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