In a report released on October 21, Michael Heim from Noble Financial maintained a Buy rating on Indonesia Energy (INDO – Research Report), with a price target of $15.00. The company’s shares opened today at $7.22.
According to TipRanks, Heim is a top 100 analyst with an average return of 53.9% and a 45.69% success rate.
Indonesia Energy has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
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Based on Indonesia Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Indonesia Energy Corp. Ltd. operates as an oil and gas, exploration and production company, which focuses on the Indonesian market. It holds oil and gas assets through its subsidiaries in Indonesia: the Kruh Block and the Citarum Block. The company was founded by James J. Huang and Wirawan Jusuf in 2014 and is headquartered in Jakarta, Indonesia.
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