Credit Suisse rates KAR as Downgrade to Underperform from Outperform - Target $8.15 (was $17.00). The company's Kontiki-1 well was a disappointment in the broker's view and sees it lower its earnings estimates to reflect higher exploration write-offs.
The changes flow through to a downgrade to an Underperform rating as a reflection of its now reduced expectations for success in the current drilling program, with the broker reducing its price target accordingly.
Once the selling dries out reckon it still has a $8 techno target to reach for main platform creation for later.IMO
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Last
$1.66 |
Change
0.015(0.91%) |
Mkt cap ! $1.293B |
Open | High | Low | Value | Volume |
$1.65 | $1.67 | $1.65 | $886.6K | 536.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 6819 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.66 | 7426 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 28084 | 1.650 |
17 | 64940 | 1.645 |
18 | 235037 | 1.640 |
11 | 105603 | 1.635 |
9 | 50639 | 1.630 |
Price($) | Vol. | No. |
---|---|---|
1.655 | 7936 | 5 |
1.660 | 77683 | 16 |
1.665 | 91178 | 14 |
1.670 | 91833 | 11 |
1.675 | 81571 | 8 |
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