Brokers bullish on Riverstone Energy shares

The Riverstone Energy (LON:RSE) share price has risen by 95.0% over the past month and it’s currently trading at 293. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Riverstone Energy currently has:

• 1 Buy recommendations

• 0 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 293, shares in Riverstone Energy are trading at a discount of -68.8% to its 52 week high price. The 1-year performance of the shares has been -68.6%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Riverstone Energy it's worth doing some investigation yourself.

There are all sorts of factors that could affect Riverstone Energy's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Riverstone Energy – you might discover some surprising things you didn’t know.