DALLAS–(BUSINESS WIRE)–Kris Gupta, CFA for Equity Stock Analysis, has issued a new research note for Universal Energy Corp. (OTCBB: UVSE) with a revised target of $5.07 per share.
The new research update is available at www.equitystockanalysis.com
In the report, Kris Gupta writes, “With two-for-two wells in and three wells underway, this report prepares a projection of revenue and value based on all wells that are currently under contract from Universal Energy Corp.
“There are nine prospects under contract for Universal Energy Corp. Because Universal Energy Corp. is involved in a very fluid situation with three wells being drilled concurrent with the issuance of this research note, and our prior price target being a conservative $2.45, a new report is warranted which raises the target to factor in the potential of successful wells.
“It is important to note in this analysis an extremely conservative price per barrel of oil has been used.”
Valuation is now set at $5.07 by Kris Gupta, CFA.
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