Independent Oil & Gas’ (IOG) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of Independent Oil & Gas (LON:IOG) in a research report released on Thursday morning, LSE.Co.UK reports. They currently have a GBX 38 ($0.50) target price on the stock.

Other analysts also recently issued research reports about the company. FinnCap restated a corporate rating on shares of Independent Oil & Gas in a report on Tuesday, October 29th. Peel Hunt dropped their target price on Independent Oil & Gas from GBX 50 ($0.65) to GBX 38 ($0.50) and set a buy rating on the stock in a report on Thursday.

LON IOG remained flat at $GBX 18.75 ($0.25) on Thursday. The company’s stock had a trading volume of 152,183 shares, compared to its average volume of 129,754. The company’s fifty day moving average price is GBX 19.68 and its 200 day moving average price is GBX 16.80. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 380.79. The company has a market cap of $89.40 million and a price-to-earnings ratio of -3.99. Independent Oil & Gas has a 12-month low of GBX 10 ($0.13) and a 12-month high of GBX 28.81 ($0.38).

About Independent Oil & Gas

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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