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An update from United Energy Group ( (HK:0467) ) is now available.
United Energy Group Limited announced that Fitch Ratings has assigned the company a long-term issuer credit rating of ‘BB-‘ with a stable outlook. This rating, alongside a previous ‘B+’ from S&P Global Ratings, reflects the company’s robust operational performance and strategic asset diversification. The stable outlook suggests confidence in the company’s ability to maintain production capacity, improve capital expenditure efficiency, and sustain a solid financial position. The company anticipates that this rating will enhance its visibility and support future transactions and investments, reinforcing its long-term sustainable development in the energy industry.
The most recent analyst rating on (HK:0467) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on United Energy Group stock, see the HK:0467 Stock Forecast page.
More about United Energy Group
United Energy Group Limited operates in the global upstream oil and gas sector. The company focuses on a well-diversified asset portfolio across key regions including Iraq, Pakistan, Egypt, and Uzbekistan, emphasizing strong operating performance and prudent financial management.
YTD Price Performance: 67.72%
Average Trading Volume: 344,157,618
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.77B
Learn more about 0467 stock on TipRanks’ Stock Analysis page.