Published On: Wed, Oct 19th, 2016

New Analyst Ratings On Magellan Petroleum Corporation (MPET)

Recently stock market analysts have updated their consensus ratings on shares of Magellan Petroleum Corporation (MPET).

Most recent broker ratings

07/08/2015 – Magellan Petroleum Corporation had its “buy” rating reiterated by analysts at Roth Capital. They now have a USD 2 price target on the stock.

04/08/2015 – Magellan Petroleum Corporation was upgraded to “hold” by analysts at Noble Financial. They now have a USD 0.6 price target on the stock.

07/02/2014 – Magellan Petroleum Corporation was downgraded to “neutral” by analysts at Zacks. They now have a USD 2.3 price target on the stock.

05/15/2014 – B. Riley began new coverage on Magellan Petroleum Corporation giving the company a “buy” rating.

Magellan Petroleum Corporation has a 50 day moving average of 5.57 and a 200 day moving average of 2.80. The stock’s market capitalization is 29.28M, it has a 52-week low of 0.20 and a 52-week high of 7.17.

The share price of the company (MPET) was down -6.04% during the last trading session, with a high of 5.28 and the volume of Magellan Petroleum Corporation shares traded was 156862.

Magellan Petroleum Corporation is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast. It conducts its operations through two subsidiaries corresponding to the geographical areas in which the Company operates: Magellan Petroleum (UK) Limited (MPUK) and Magellan Petroleum Australia Pty Ltd (MPA). As of June 30, 2016, it had two geographic segments: MPUK and MPA, corresponding to its operations in the United Kingdom and Australia, respectively. It owns interests in the Horse Hill-1 well and related licenses, which consist of PEDLs 137 and 246 in the Weald Basin, onshore the United Kingdom. MPUK’s oil and gas assets consist of various exploration licenses in or adjacent to the Weald Basin located onshore and offshore southern England. MPA’s oil and gas assets consist of NT/P82, which is an exploration block in the Bonaparte Basin, offshore Northern Territory, Australia.