Falkland Oil and Gas Limited Earns “Buy” Rating from Canaccord Genuity (FOGL)
Falkland Oil and Gas Limited (LON:FOGL)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They currently have a GBX 45 ($0.75) price objective on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 51.73% from the company’s current price.
Shares of Falkland Oil and Gas Limited (LON:FOGL) opened at 31.105 on Tuesday. Falkland Oil and Gas Limited has a 52-week low of GBX 23.16 and a 52-week high of GBX 29.00. The stock has a 50-day moving average of GBX 26.62 and a 200-day moving average of GBX 25.91.
Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Falkland Oil and Gas Limited in a research note on Wednesday, June 4th. They now have a GBX 24 ($0.40) price target on the stock.
Falklandoil and Gas Limited (LON:FOGL) is an oil and gas exploration company operating in the South and East Falkland Basins.
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