Peel Hunt Reiterates “Buy” Rating for SDX Energy (LON:SDX)

SDX Energy (LON:SDX)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Tuesday, LSE.Co.UK reports. They presently have a GBX 35 ($0.46) price target on the stock. Peel Hunt’s price objective points to a potential upside of 53.85% from the stock’s current price.

Separately, Peel Hunt restated a “buy” rating and set a GBX 35 ($0.46) price target on shares of SDX Energy in a research report on Tuesday.

Shares of SDX traded down GBX 0.50 ($0.01) during mid-day trading on Tuesday, hitting GBX 22.75 ($0.30). 405,086 shares of the company were exchanged, compared to its average volume of 584,519. SDX Energy has a 1-year low of GBX 15.60 ($0.20) and a 1-year high of GBX 51 ($0.67). The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.63 and a current ratio of 1.92. The company has a 50 day moving average of GBX 22.17 and a 200-day moving average of GBX 23.07. The stock has a market cap of $46.27 million and a price-to-earnings ratio of -37.92.

In related news, insider David John Woodhams Mitchell sold 137,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of GBX 22 ($0.29), for a total transaction of £30,250 ($39,526.98). Also, insider Tim Linacre acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average cost of GBX 20 ($0.26) per share, with a total value of £5,000 ($6,533.39).

SDX Energy Company Profile

SDX Energy Inc engages in the exploration, development, and production of oil and gas primarily in the Arab Republic of Egypt and the Kingdom of Morocco. The company holds a 50% working interest in producing assets in the North West Gemsa and Meseda located onshore in the Eastern Desert, adjacent to the Gulf of Suez; 75% working interest in the Sebou concession situated in the Gharb Basin; and 12.75% working interest in development assets in the South Ramadan concession.

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