From FN Arena today
HZN - HORIZON OIL LIMITED
UBS rates HZN as Upgrade to Buy from Neutral (1) - The company has an agreement with major shareholder, IMC Investments, for a US$50m debt facility. This should provide the funds needed to redeem the remaining US$58.8m of convertible bonds, UBS contends.
UBS updates its valuation for production estimates and upgrades to Buy from Neutral, after the recent decline in the share price. Target is lowered to 7c from 8c.
Target price is $0.07 Current Price is $0.05 Difference: $0.025 If HZN meets the UBS target it will return approximately 56% (excluding dividends, fees and charges). Current consensus price target is $0.08, suggesting upside of 70.4%(ex-dividends)The company's fiscal year ends in June.
Buy Recommendation
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $167.5K | 885.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 830773 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 493730 | 12 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |