0132 GMT [Dow Jones] STOCK CALL: Morgan Stanley initiates coverage of ARC Energy (ARQ.AU) with overweight rating. Says ARC is undervalued, trading 12% below DCF valuation while most of its peers trade at about 16% premium. Says appraisal of existing discoveries could boost ARC oil reserves and the company is also taking part in plenty of exploration. "One or two large discoveries could drive a major re-rating," MS says. Target price set at A$1.90. ARC trading up 5.5% at A$1.545. (APW)
0132 GMT [Dow Jones] STOCK CALL: Morgan Stanley initiates...
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $67.53K | 446.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5776332 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 993957 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |