Peel Hunt Trims Wentworth Resources (WEN) Target Price to GBX 43

Wentworth Resources (LON:WEN) had its price objective trimmed by Peel Hunt from GBX 44 ($0.57) to GBX 43 ($0.56) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

Shares of WEN traded down GBX 1.50 ($0.02) during mid-day trading on Wednesday, hitting GBX 19 ($0.25). 50,000 shares of the stock were exchanged. The stock has a market capitalization of $34.99 million and a price-to-earnings ratio of -0.47. Wentworth Resources has a 52-week low of GBX 17.16 ($0.22) and a 52-week high of GBX 28 ($0.37). The company has a debt-to-equity ratio of 10.66, a current ratio of 1.83 and a quick ratio of 1.83.

Wentworth Resources Company Profile

Wentworth Resources plc, an independent oil and gas company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons. Its principal assets include the Rovuma onshore block covering an area of approximately 2,500 square kilometers located in northern Mozambique; and the Mnazi Bay concession covering an area of approximately 756 square kilometers situated in south-eastern Tanzania.

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