FinnCap reaffirmed their corporate rating on shares of Independent Oil & Gas (LON:IOG) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Peel Hunt reiterated a buy rating on shares of Independent Oil & Gas in a research report on Wednesday, January 8th. Peel Hunt restated a buy rating and set a GBX 38 ($0.50) target price on shares of Independent Oil & Gas in a research report on Thursday, November 14th.

LON IOG traded down GBX 2.25 ($0.03) on Friday, hitting GBX 13.25 ($0.17). 1,013,631 shares of the company were exchanged, compared to its average volume of 129,754. The firm has a 50 day moving average of GBX 18.22 and a two-hundred day moving average of GBX 18.37. The company has a market cap of $63.59 million and a P/E ratio of -2.82. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 380.79. Independent Oil & Gas has a 1-year low of GBX 10 ($0.13) and a 1-year high of GBX 23 ($0.30).

In other news, insider Andrew R. Hockey purchased 58,970 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of GBX 16 ($0.21) per share, for a total transaction of £9,435.20 ($12,411.47).

Independent Oil & Gas Company Profile

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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