Independent Oil & Gas (LON:IOG) Receives Buy Rating from Peel Hunt

Independent Oil & Gas (LON:IOG)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Tuesday, May 7th, ThisIsMoney.Co.Uk reports.

Separately, FinnCap reissued a “corporate” rating on shares of Independent Oil & Gas in a research report on Tuesday, May 7th.

IOG remained flat at $GBX 14.13 ($0.18) during midday trading on Tuesday. The company’s stock had a trading volume of 210,960 shares, compared to its average volume of 129,754. The company has a market cap of $47.62 million and a price-to-earnings ratio of -3.07. Independent Oil & Gas has a fifty-two week low of GBX 10 ($0.13) and a fifty-two week high of GBX 33.61 ($0.44).

In other Independent Oil & Gas news, insider Fiona MacAulay bought 200,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average cost of GBX 10 ($0.13) per share, for a total transaction of £20,000 ($26,133.54).

Independent Oil & Gas Company Profile

Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. It primarily focuses on the development of hydrocarbon reserves, as well as the acquisition, trading, and monetization of its license interests. The company 100% working interests in the Blythe gas field in the southern North Sea; the Skipper license located to the south east of the Shetlands in the northern North Sea; and the Nailsworth, Elland, and Southwark fields in the southern North Sea.

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