Is Lekoil Ltd a Sell? The Stock Declines Again

 Is Lekoil Ltd a Sell? The Stock Declines Again

The stock of Lekoil Ltd (LON:LEK) is a huge mover today! The stock decreased 0.63% or GBX 0.14 on November 29, hitting GBX 21.99. About 118,845 shares traded hands. Lekoil Ltd (LON:LEK) has risen 39.37% since April 28, 2016 and is uptrending. It has outperformed by 34.11% the S&P500.
The move comes after 9 months negative chart setup for the GBX 116.43M company. It was reported on Nov, 29 by Barchart.com. We have GBX 21.33 PT which if reached, will make LON:LEK worth GBX 3.49M less.

Lekoil Ltd (LON:LEK) Ratings Coverage

Out of 4 analysts covering Lekoil (LON:LEK), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Lekoil has been the topic of 7 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Mirabaud maintained the shares of LEK in a report on Tuesday, June 21 with “Buy” rating. UBS maintained Lekoil Ltd (LON:LEK) on Wednesday, December 2 with “Buy” rating. The rating was downgraded by Canaccord Genuity on Friday, September 11 to “Hold”. The firm has “Buy” rating given on Tuesday, August 11 by Westhouse Securities. The company was maintained on Tuesday, December 1 by Mirabaud. The firm has “Buy” rating given on Wednesday, July 29 by Westhouse Securities. The stock of Lekoil Ltd (LON:LEK) has “Speculative Buy” rating given on Wednesday, August 31 by Canaccord Genuity.

Another recent and important Lekoil Ltd (LON:LEK) news was published by Fool.Co.Uk which published an article titled: “Lekoil Ltd Surges 20% On First Oil Production: Is It A Better Buy Than Nostrum …” on September 07, 2015.

Lekoil Limited is an oil and gas exploration and production firm with interests in Nigeria and Namibia. The company has a market cap of 116.43 million GBP. The Firm is engaged in exploration, development and production of petroleum oil and natural gas. It currently has negative earnings. The Company’s geographical divisions include Nigeria, Namibia, USA and Cayman.

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