Indonesia Energy Corporation Limited (INDO)
|Net Income (ttm)||-4.21M|
|Day's Range||4.50 - 4.65|
|52-Week Range||4.26 - 30.69|
|Price Target||15.30 (+233.33%)|
Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 1.52 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Cor... [Read more]
In 2021, INDO's revenue was $2.45 million, an increase of 23.82% compared to the previous year's $1.98 million. Losses were -$6.08 million, -12.49% less than in 2020.Financial Statements
According to 7 analysts, the average rating for INDO stock is "Buy." The 12-month stock price forecast is $15.3, which is an increase of 233.33% from the latest price.
Indonesia Energy Announces Updates on Discovery Wells Drilled in 2022 and Development Plans for 2023
Company n egotiating for Kruh Block contract e xtension
Indonesia Energy Announces Production Updates on Kruh Wells 27 and 28, the Two Back-to-Back Discovery Wells Drilled in 2022
Kruh 2 8 also has a potentially significant new gas reservoir
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Indonesia Energy To Present at LD Micro XV Annual Main Event Investor Conference on Wednesday, October 26th at 1:30pm PDT
President Frank Ingriselli Will Present Update on Operations and Recently Completed New Discovery Well
Why Is Indonesia Energy (INDO) Stock Up Today?
Indonesia Energy (NYSEMKT: INDO) stock is climbing higher on Thursday after the company announced the discovery of oil in one of its new wells. The big news here is the oil found at Kruh 28 was more ...
Why Indonesia Energy Shares Are Rising - Indonesia Energy Corp (AMEX:INDO)
Indonesia Energy Corp Ltd (NASDAQ: INDO) shares are trading higher by 15.62% to $8.29 Wednesday afternoon amid an increase in the price of oil following reports suggesting OPEC+ has agreed to a 2 mill...
Why Are Oil Stocks XOM, OXY, INDO Up Today?
Even with the broader stock market in the red this morning, oil stocks representing Exxon Mobil (NYSE: XOM), Occidental Petroleum (NYSE: OXY) and Indonesia Energy (NYSEAMERICAN: INDO) were definite...
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Why Indonesia Energy Stock Is Rising
Shares of small-cap penny stock Indonesia Energy Corp Ltd (NASDAQ: INDO) are trading higher by 49.5% at $11.48. The stock has also been trending amid retail investors on social media.
Indonesia Energy (INDO) Stock Soars as Natural Gas Prices Spike
Source: Oil and Gas Photographer / Shutterstock.com Indonesia Energy (NYSEMKT: INDO) stock is rising higher on Tuesday alongside the increasing price of natural gas. And it's not a small increase, ei...
Indonesia Energy (INDO) Stock Soars 20% on Natural Gas News
Indonesia Energy has reported a potential gas reservoir in one of its drilling zones. Here's why this is great news for INDO stock.
What's Going On With Indonesia Energy Corporation Shares Rising Today?
Indonesia Energy Corp Ltd (NASDAQ: INDO) shares are trading higher by 12.42% to $8.69 on above-average volume. Shares of energy companies at large are trading higher amid strength in oil prices.
Indonesia Energy To Present at LD Micro Invitational XII Investor Conference on Wednesday, June 8th at 5:30pm PDT
President Frank Ingriselli Will Present Update on Operations and Recently Completed Back-to-Back New Discovery Well s
Why Are Oil Stocks INDO, IMPP, XOM, CVX Up Today?
Today, a range of oil stocks is seeing massive gains as investors price in what could be a longer-term bull market in energy. The post Why Are Oil Stocks INDO, IMPP, XOM, CVX Up Today?
Why Indonesia Energy Shares Are Rising
Shares of small-cap penny stock Indonesia Energy Corp Ltd (NASDAQ: INDO) are trading higher by 31.96% at $18.21. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil ...
Oil Stocks Alert: Why Are INDO, IMPP, HUSA Stocks Heating Up Today?
Oil stocks are grabbing headlines today following news that the EU is considering a sweeping ban on Russian oil imports. The post Oil Stocks Alert: Why Are INDO, IMPP, HUSA Stocks Heating Up Today?
Why Indonesia Energy Is a Bargain to Buy Before May 22
INDO stock has recently bottomed out and the company's recent drilling project estimated to end on May 22 can push the stock even higher. The post Why Indonesia Energy Is a Bargain to Buy Before May 2...
What's Up With Indonesia Energy Shares Today?
Indonesia Energy Corp Ltd (AMEX: INDO) shares are trading higher Thursday on continued volatility. The small-cap energy stock has surged amid strength in oil prices in recent months, but it has been t...
Indonesia Energy Is Set to Take Off With Low Production Costs
INDO stock plans to enhance production and cash flow by more than 200%, which brings down costs and should enhance returns. The post Indonesia Energy Is Set to Take Off With Low Production Costs appea...
Oil Stocks News: What's Going on With IMPP, INDO, ENSV, CEI Stocks Today?
Oil stocks are rising across the board today as the price of crude climbs back above $100 a barrel on worsening news globally. The post Oil Stocks News: What's Going on With IMPP, INDO, ENSV, CEI Stoc...
Indonesia Energy Commences Drilling of First of Two Back-to-Back Production Wells at Kruh Block
N ew p roduction a nticipated to b ring IEC to c ash f low p ositive o perations
Tap into High-Potential Oil Wealth Abroad with Indonesia Energy
Inflation is hitting the energy sector hard, and that's tough on consumers but it presents an opportunity to invest in INDO stock. The post Tap into High-Potential Oil Wealth Abroad with Indonesia Ene...
HFO Investments Just Sold INDO Stock. Here's Why.
Shares of Indonesia Energy are up over 650% this year. Now, a Jakarta-based fund is taking advantage and selling some of its position.
Indonesia Energy Is a High-Risk Gamble on Higher Oil Prices
Oil is booming, and traders are looking for the next hot play in the sector. INDO stock is more speculative than many other options, however.