Wentworth Resources (LON:WRL) Investors: Peel Hunt Reconfirms “Buy” Rating, Sees GBX 40.00/Share; Nuveen Credit Strategies Income Fund Has 1.43 Sentiment
January 12, 2018 - By Hazel Jackson
The stock increased 0.71% or $0.06 during the last trading session, reaching $8.17. About 974,451 shares traded or 83.89% up from the average. Nuveen Credit Strategies Income Fund (JQC) has risen 8.82% since January 12, 2017 and is uptrending. It has underperformed by 7.88% the S&P500.
They currently have a GBX 40.00 target price per share on Wentworth Resources (LON:WRL). Peel Hunt’s target would suggest a potential upside of 42.86% from the company’s stock close price. This was released in a research report on Friday morning.
Restructuring Capital Associates Lp holds 17.24% of its portfolio in Nuveen Credit Strategies Income Fund for 2.05 million shares. Rivernorth Capital Management Llc owns 3.83 million shares or 2.64% of their US portfolio. Moreover, Private Management Group Inc has 0.95% invested in the company for 2.11 million shares. The Michigan-based Robinson Capital Management Llc has invested 0.77% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 187,872 shares.
Wentworth Resources Limited, an independent energy company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons in Tanzania and Mozambique. The company has market cap of 55.36 million GBP. It primarily holds 31.94% interest in the Mnazi Bay concession covering an area of approximately 756 square kilometers in south-eastern Tanzania; and 85% participating interest in the Rovuma Onshore Block in northern Mozambique. It currently has negative earnings. The firm was formerly known as Artumas Group Inc. and changed its name to Wentworth Resources Limited in September 2010.
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