Citigroup Inc. cut shares of Lundin Petroleum AB (OTCMKTS:LNDNF) from a neutral rating to a sell rating in a research report released on Tuesday, reports.

Shares of Lundin Petroleum AB (OTCMKTS:LNDNF) opened at 21.43 on Tuesday. The company’s market capitalization is $7.29 billion. Lundin Petroleum AB has a 12-month low of $16.27 and a 12-month high of $23.41. The company has a 50 day moving average price of $22.53 and a 200 day moving average price of $20.45.

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About Lundin Petroleum AB

Lundin Petroleum AB is a Sweden-based company, which explores, develops and produces oil and gas. The Company’s main business is the exploration, the development of, and the production of oil and gas. The Company maintains a portfolio of oil and gas production assets and development projects in various countries with exposure to exploration opportunities.

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