Heritage Oil PLC Receives Consensus Recommendation of “Buy” from Analysts (LON:HOIL)
Heritage Oil PLC (LON:HOIL) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Analyst Ratings Network.com reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 261.25 ($4.37).
Heritage Oil PLC (LON:HOIL) opened at 244.80 on Tuesday. Heritage Oil PLC has a 52 week low of GBX 121.70 and a 52 week high of GBX 277.75. The stock has a 50-day moving average of GBX 242.8 and a 200-day moving average of GBX 190.1. The company’s market cap is £631.5 million.
Several analysts have recently commented on the stock. Analysts at UBS AG cut their price target on shares of Heritage Oil PLC from GBX 325 ($5.44) to GBX 300 ($5.02) in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Heritage Oil PLC from GBX 280 ($4.68) to GBX 355 ($5.94) in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Heritage Oil PLC in a research note on Friday, March 14th.
Heritage Oil Plc is an independent oil and gas exploration and production company. The Company has producing assets in Nigeria and Russia, and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.
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