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A statement released earlier today by Liberum Capital about Xcite Energy Ltd (LON:XEL) maintains the target price at 46.00GBX

Yesterday Xcite Energy Ltd (LON:XEL) traded 2.94% lower at 5.29GBX. XEL’s 50-day moving average is 6.67GBX and its two hundred day average is 11.04GBX. The last stock price is down 77.57% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. Trading volume was was down over the average, with 2,712,348 shares of XEL changing hands under the typical 3,765,770 shares..

Xcite Energy Ltd (LON:XEL) had its price target hold steady to 46GBX by Liberum Capital in a report announced 8/03/2016. The updated target price indicates a possible upside of 7.70% based on the bussiness’ previous closing price.

Previously on 6/29/2016, Liberum Capital released a statement for Xcite Energy Ltd(LON:XEL) raised the target price from 43.00GBX to 46.00GBX. At the time, this suggested an upside of 4.58%.

Performance Graphic:

Xcite Energy Ltd (LON:XEL)

Also covering Xcite Energy Ltd’s price target, a total of 2 brokers have released a report on Xcite Energy Ltd. The 12-month target stock price is 31.00GBX with one analyst rating the stock a strong buy, 0 rating the company a buy, one analyst rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the stock as sell.

With a market capitalization of 0.0 GBX, Xcite Energy Ltd has a PE of 12 with a 52 week low of 1.66GBX and a one-year high of 29.00GBX.

Brief Synopsis On Xcite Energy Ltd (LON:XEL)

Xcite Energy Limited (XEL) is a heavy oil development company focused on the development of discovered resources in the North Sea. The Company operates through the segment, which includes the appraisal and development of oil and gas reserves and the geographical segment in which it operates is the North Sea. The Company holds and operates Bentley field located in Block 9/3b (License P1078) in the United Kingdom North Sea through its subsidiary, Xcite Energy Resources plc (XER). The Bentley field is located on the East Shetland Platform in the United Kingdom Northern North Sea, over eight kilometers southeast of the Bressay Field, approximately 15 kilometers east of the Kraken Field and over 20 kilometers north-northeast of the Bruce Field. The Company also holds and operates blocks 9/4a, and 9/8b and 9/9h (License P1979) in the United Kingdom Northern North Sea.

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