Roxi Petroleum (LON:RXP) New Price Targets

Kazakhstan-focused Oilfield Developer Caspian Sunrise May Have Discovered Third Shallow Oil Structure

Recently stock market broker analysts have updated their ratings and price targets on shares of Roxi Petroleum (LON:RXP).

The latest broker reports which are currently outstanding on Friday 6th of January note 1 analyst has a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”.

Most recent analyst ratings:

27/01/2016 – Roxi Petroleum had its “Buy” rating reiterated by analysts at WH Ireland. They now have a GBP 28.00p price target on the stock.

Roxi Petroleum has a 50 day moving average of 10.89 and a 200 day moving average of 10.31. The stock’s market capitalization is 101.95M, it has a 52-week low of 6.50 and a 52-week high of 13.50.

The share price of the company (LON:RXP) was up +1.16% during the last trading session, with a high of 11.19 during the day and the volume of Roxi Petroleum shares traded was 221150.

Roxi Petroleum Plc is engaged in exploration and production of crude oil in Kazakhstan. It has interests in approximately four exploration and production contract areas spread over three petroleum basins, including the pre-Caspian basin, the Mangyshlak basin in Western Kazakhstan and the Turgai basin in Central Kazakhstan. Its BNG Contract Area is located in the west of Kazakhstan approximately 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of over 1,702 square kilometers. The BNG Contract Area has both shallow and deep prospects, including Deep Well A5, Deep Well 801, Deep Well A6, Well 805, Well 54, Well 806, Well 807 and Well 143. Its other assets include Munaily and Beibars. The Munaily field is located in the Atyrau Oblast approximately 70 kilometers southeast of the town of Kulsary. It holds interest in Beibars Munai LLP, which operates over 167 square kilometers Beibars Contract Area on the Caspian shoreline south of the city of Aktau.