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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$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. |
---|---|---|
$1.71 | 3096 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 4203 | 1.695 |
17 | 89543 | 1.690 |
8 | 56037 | 1.685 |
8 | 58091 | 1.680 |
5 | 17537 | 1.675 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 17037 | 18 |
1.705 | 46189 | 8 |
1.710 | 70545 | 11 |
1.715 | 30423 | 6 |
1.720 | 72139 | 6 |
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