Sound Oil plc Stock Rating Reaffirmed by Westhouse Securities (SOU)
Sound Oil plc (LON:SOU)‘s stock had its “add” rating reissued by equities researchers at Westhouse Securities in a research report issued on Tuesday. They currently have a GBX 14 ($0.23) price objective on the stock. Westhouse Securities’ target price indicates a potential upside of 14.15% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Sound Oil plc in a research note on Wednesday, July 30th.
Sound Oil plc (LON:SOU) opened at 12.75 on Tuesday. Sound Oil plc has a 52-week low of GBX 4.50 and a 52-week high of GBX 14.00. The stock’s 50-day moving average is GBX 11.93 and its 200-day moving average is GBX 8.85.
Sound Oil plc is an Italian focused small cap oil and gas exploration company. In May 2013, the Company commenced production at the onshore Rapagnano field in central Italy, and in September 2013, it drilled and tested the Nervesa gas discovery in northern Italy.
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