Morgan Stanley rates KAR as Overweight (1) -
Morgan Stanley ponders whether Karoon Energy's recent share price weakness is due to market concerns regarding possible funding for acquisitions. This near-term risk is thought to be overstated and the current share price looks compelling.
In what the analyst considers a strengthening of the management team, Mr Antonio Guimaraes has been appointed as the President of its Brazilian operations. He has over 30 years global oil and gas experience, including various roles at Shell.
Overweight maintained. Attractive industry view. Target is $1.85.
Ann: Appointment of EVP & President Karoon Brazil, page-13
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Last
$1.81 |
Change
0.005(0.28%) |
Mkt cap ! $1.450B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.84 | $1.78 | $8.370M | 4.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32319 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 28653 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |