The stock of Riverstone Energy Ltd (LON:RSE) hit a new 52-week high and has GBX 3069.60 target or 140.00% above today’s GBX 1279.00 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 3069.60 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.24% or GBX 3 on November 11, hitting GBX 1279. About 52,034 shares traded hands or 9.19% up from the average. Riverstone Energy Ltd (LON:RSE) has risen 13.04% since April 14, 2016 and is uptrending. It has outperformed by 6.90% the S&P500.
Riverstone Energy Ltd (LON:RSE) Ratings Coverage
Out of 2 analysts covering Riverstone Energy Limited Ord Npv (LON:RSE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Riverstone Energy Limited Ord Npv has been the topic of 2 analyst reports since August 17, 2015 according to StockzIntelligence Inc. On Monday, August 17 the stock rating was initiated by Jefferies with “Buy”.
Another recent and important Riverstone Energy Ltd (LON:RSE) news was published by Wsj.com which published an article titled: “Riverstone to IPO Fund in London” on September 24, 2013.
Riverstone Energy Limited is a closed-end investment company. The company has a market cap of GBP. The Fund’s investment objective is to generate long-term capital growth by investing in the global energy sector, with a particular focus on opportunities in the exploration, and production and midstream energy sub-sectors. It currently has negative earnings. The Fund may also make investments in other energy sub-sectors, including energy services, and power and coal.
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