http://www.afr.com/p/markets/market_wrap/nexus_energy_nxs
Commonwealth Bank of Australia has retained its “sell” recommendation on Nexus Energyand downgraded its price target to 13¢.
The oil and gas company’s first-half result on Thursday showed an underlying loss after tax of $15.3 million, well below CBA’s forecast for a net profit of $1 million. Differences related to higher-than-expected production costs, depreciation and amortisation charges and finance costs.
The broker says that development of the company’s Crux project in the Browse Basin, offshore Western Australia, was a positive but delaying development by a decade reduces upside potential.
CBA also notes that its concerns about a downgrade of Longtom reserves have been confirmed.
End.
and yeah I know the analyst, hard to argue with his research.
There's a couple of others I'll post when I get the chance... much the same unfortunately.
- Forums
- ASX - By Stock
- NXS
- broker "sell" target 13c
broker "sell" target 13c
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $61.25M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 20.0¢ | $3.624K | 17.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 80261 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 7325 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 80261 | 0.195 |
1 | 27500 | 0.190 |
1 | 5405 | 0.185 |
1 | 10000 | 0.180 |
1 | 36000 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 7325 | 1 |
0.220 | 51446 | 2 |
0.225 | 63009 | 1 |
0.230 | 4347 | 1 |
0.235 | 7217 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |