General News3 Dec 2015 10:31
Falkland Oil and Gas Limited (LON:FOGL)‘s stock had its “hold” rating restated by analysts at Panmure Gordon in a research report issued on Friday, MarketBeat.Com reports. They currently have a GBX 9.50 ($0.14) price target on the stock. Panmure Gordon’s price objective indicates a potential upside of 12.43% from the stock’s previous close.
Other analysts have also issued reports about the stock. Peel Hunt lowered shares of Falkland Oil and Gas Limited to a “hold” rating and set a GBX 10 ($0.15) price objective on the stock. in a research report on Thursday, November 26th. Mirabaud Securities reiterated a “sell” rating and set a GBX 3 ($0.05) price target on shares of Falkland Oil and Gas Limited in a report on Tuesday, November 17th. Jefferies Group downgraded shares of Falkland Oil and Gas Limited to an “underperform” rating and lowered their price objective for the stock from GBX 29 ($0.44) to GBX 8 ($0.12) in a research note on Friday, September 11th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 38 ($0.57) price target on shares of Falkland Oil and Gas Limited in a research note on Tuesday, August 25th. Finally, Canaccord Genuity cut their price objective on Falkland Oil and Gas Limited from GBX 18 ($0.27) to GBX 14 ($0.21) and set a “hold” rating for the company in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 14.38 ($0.22).
Falkland Oil and Gas Limited (LON:FOGL) opened at 8.2500 on Friday. The firm’s market cap is GBX 44.02 million. Falkland Oil and Gas Limited has a 12 month low of GBX 8.06 and a 12 month high of GBX 45.00. The company’s 50-day moving average is GBX 14.51 and its 200 day moving average is GBX 22.91.
Falkland oil and Gas Limited is a United Kingdom-based oil and gas exploration company. The Company’s portfolio covers the North, South and East Falkland Basins. The Company holds interest in the Sea Lion development project. The Company is focused on oil and gas exploration activities in the Falkland Islands. The Company operates business through two segments, which include North and the South basins in the Falkland Islands. In the North Falkland Basin three wells are operated by Premier Oil. These include exploration wells on the Zebedee, Jayne East and Isobel/Elaine prospects.