Morgan Stanley upgraded shares of Lundin Energy (OTCMKTS:LNDNF) from an equal weight rating to an overweight rating in a research report sent to investors on Monday, The Fly reports.
A number of other research analysts have also commented on LNDNF. Bank of America raised Lundin Energy from a neutral rating to a buy rating in a research report on Monday, October 19th. Kepler Capital Markets lowered Lundin Energy from a buy rating to a hold rating in a research report on Friday, December 11th. UBS Group raised Lundin Energy from a sell rating to a neutral rating in a research report on Tuesday, November 24th. Societe Generale raised Lundin Energy from a sell rating to a hold rating in a research report on Tuesday, September 29th. Finally, BMO Capital Markets raised Lundin Energy from a market perform rating to an outperform rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold.
OTCMKTS LNDNF opened at $29.10 on Monday. Lundin Energy has a 1-year low of $13.83 and a 1-year high of $34.20. The stock has a 50-day moving average of $26.70 and a 200-day moving average of $23.83.
Lundin Energy Company Profile
Lundin Energy AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2019, it had proved plus probable net reserves of 693 million barrels of oil equivalent (MMboe); and proved plus probable plus possible net reserves of 858 MMboe.
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