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
good buying today, page-3
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Last
$1.71 |
Change
-0.025(1.45%) |
Mkt cap ! $1.387B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.69 | $1.089M | 638.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 20584 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 3096 | 6 |
View Market Depth
| Last trade - 10.44am 02/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |