Peel Hunt Cuts Sterling Energy (SEY) Price Target to GBX 18

Sterling Energy (LON:SEY) had its price target cut by Peel Hunt from GBX 21 ($0.28) to GBX 18 ($0.24) in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. Peel Hunt’s price objective would indicate a potential upside of 28.57% from the company’s previous close.

Sterling Energy (SEY) opened at GBX 14 ($0.19) on Monday. The firm has a market capitalization of $28.24 and a P/E ratio of -1,400.00. Sterling Energy has a 52 week low of GBX 12.75 ($0.17) and a 52 week high of GBX 18.25 ($0.25).

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Sterling Energy Company Profile

Sterling Energy plc is an upstream oil and gas company, which is focused primarily on material exploration opportunities in Africa. The Company is engaged in the exploration, development and production of commercial oil and gas. The Company operates in the Africa segment. The Africa segment includes its exploration and development activities.

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