Lundin Petroleum (OTCMKTS:LNDNF) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a report released on Wednesday, The Fly reports.
LNDNF has been the topic of a number of other research reports. Credit Suisse Group assumed coverage on Lundin Petroleum in a research note on Tuesday, May 12th. They issued an “underperform” rating on the stock. Berenberg Bank reaffirmed a “buy” rating on shares of Lundin Petroleum in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lundin Petroleum in a research report on Friday, May 22nd. Nordea Equity Research downgraded Lundin Petroleum from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Barclays reaffirmed an “overweight” rating on shares of Lundin Petroleum in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
OTCMKTS LNDNF opened at $24.47 on Wednesday. Lundin Petroleum has a 12 month low of $13.83 and a 12 month high of $34.30. The stock’s 50 day moving average is $24.16 and its 200 day moving average is $26.35.
About Lundin Petroleum
Lundin Petroleum AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2018, it had proved plus probable reserves of 745.4 million barrels of oil equivalent. Lundin Petroleum AB (publ) was founded in 2001 and is headquartered in Stockholm, Sweden.
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