Lundin Energy AB (publ) (OTCMKTS:LNEGY)’s share price rose 4.7% on Wednesday . The stock traded as high as $35.60 and last traded at $35.60. Approximately 2,313 shares traded hands during trading, an increase of 242% from the average daily volume of 677 shares. The stock had previously closed at $34.00.
LNEGY has been the topic of several recent analyst reports. Pareto Securities downgraded Lundin Energy AB (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, November 10th. HSBC downgraded Lundin Energy AB (publ) from a “hold” rating to a “reduce” rating in a research note on Thursday, November 11th. Finally, Kepler Capital Markets raised Lundin Energy AB (publ) from a “reduce” rating to a “hold” rating and set a SEK 390 target price on the stock in a research note on Wednesday, January 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Lundin Energy AB (publ) currently has a consensus rating of “Hold” and an average target price of $390.00.
The stock has a 50 day moving average price of $37.64 and a 200 day moving average price of $36.23.
The company also recently disclosed a dividend, which was paid on Tuesday, January 18th. Stockholders of record on Wednesday, January 5th were paid a $0.3538 dividend. This represents a dividend yield of 3.89%. The ex-dividend date was Tuesday, January 4th.
About Lundin Energy AB (publ) (OTCMKTS:LNEGY)
Lundin Energy AB is an independent oil and gas exploration and production company. It explores, develops and produces oil and gas, and develops other energy resources. The company was founded in May 2001 and is headquartered in Stockholm, Sweden.
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