Sterling Energy plc (SEY) Stock Rating Reaffirmed by Peel Hunt
Sterling Energy plc (LON:SEY)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 20 ($0.26) price objective on the oil and gas exploration company’s stock. Peel Hunt’s target price indicates a potential upside of 11.11% from the stock’s current price.
Sterling Energy plc (LON:SEY) traded up 0.70% during mid-day trading on Tuesday, reaching GBX 18.00. 9,118 shares of the company’s stock were exchanged. The stock has a 50-day moving average of GBX 16.15 and a 200-day moving average of GBX 15.83. Sterling Energy plc has a 12 month low of GBX 12.25 and a 12 month high of GBX 18.50. The firm’s market cap is GBX 39.63 million.
About Sterling Energy plc
Sterling Energy plc is an upstream oil and gas company, which is focused primarily on material exploration opportunities in Africa. The Company is engaged in the exploration, development and production of commercial oil and gas. The Company operates in the Africa segment. The Africa segment includes its exploration and development activities.
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