Amerisur Resources plc (AMER) Given Average Recommendation of “Hold” by Brokerages
Shares of Amerisur Resources plc (LON:AMER) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 25.75 ($0.34).
A number of research firms recently commented on AMER. Peel Hunt reiterated a “hold” rating and issued a GBX 20 ($0.26) price objective on shares of Amerisur Resources plc in a report on Wednesday, August 9th. Barclays PLC decreased their price objective on Amerisur Resources plc from GBX 26 ($0.34) to GBX 21 ($0.28) and set an “equal weight” rating on the stock in a report on Thursday, September 28th.
In other news, insider Dana Coffield bought 151,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of GBX 20 ($0.26) per share, with a total value of £30,200 ($39,852.20). Also, insider John Wardle bought 1,200,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was purchased at an average cost of GBX 17 ($0.22) per share, for a total transaction of £204,000 ($269,200.32). In the last three months, insiders acquired 1,851,000 shares of company stock worth $32,920,000.
Shares of Amerisur Resources plc (LON AMER) remained flat at GBX 19.50 during midday trading on Wednesday. 4,176,145 shares of the company were exchanged. The company’s market cap is GBX 236.57 million. The company has a 50 day moving average price of GBX 18.59 and a 200 day moving average price of GBX 20.01. Amerisur Resources plc has a 1-year low of GBX 14.50 and a 1-year high of GBX 30.25.
Amerisur Resources plc Company Profile
Amerisur Resources plc is an independent full-cycle oil and gas company. The Company’s principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. It operates through oil exploration and development segment. It operates in Colombia, Paraguay and the United Kingdom.
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