Peel Hunt reaffirmed their buy rating on shares of Independent Oil & Gas (LON:IOG) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.
Separately, FinnCap reiterated a corporate rating on shares of Independent Oil & Gas in a research report on Tuesday, August 13th.
Shares of LON IOG opened at GBX 20 ($0.26) on Wednesday. The firm’s 50-day simple moving average is GBX 16.80 and its 200 day simple moving average is GBX 14.74. The company has a market cap of $68.27 million and a price-to-earnings ratio of -4.35. Independent Oil & Gas has a 12-month low of GBX 10 ($0.13) and a 12-month high of GBX 33.61 ($0.44).
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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