In a report released today, Michael Heim from Noble Financial maintained a Buy rating on Indonesia Energy (INDO – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $4.70.
According to TipRanks, Heim is ranked #140 out of 8324 analysts.
Currently, the analyst consensus on Indonesia Energy is a Moderate Buy with an average price target of $10.00.
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The company has a one-year high of $22.55 and a one-year low of $4.26. Currently, Indonesia Energy has an average volume of 437.2K.
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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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