Magellan Petroleum Corp. (MPET) Trading 3.1% Higher
Shares of Magellan Petroleum Corp. (NASDAQ:MPET) traded up 3.1% during trading on Friday . The stock traded as high as $5.77 and last traded at $5.63, with a volume of 340,158 shares. The stock had previously closed at $5.46.
Separately, S&P Equity Research decreased their target price on Magellan Petroleum Corp. from $4.00 to $3.40 in a report on Monday, August 8th.
The firm’s market cap is $32.50 million. The company has a 50 day moving average of $2.58 and a 200 day moving average of $1.48.
Magellan Petroleum Corporation is an oil and gas exploration and production company, which focuses on the development of carbon dioxide (CO2) enhanced oil recovery (CO2-EOR) projects in the Rocky Mountain region. The Company owns exploration acreage in the Weald Basin, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory in Australia.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.