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0	AddedMacquarie rates KAR as Outperform (1) -Kangaroo West-1 has come up empty. It's a disappointment, the broker suggests, but Karoon has benefitted from the lower A$ to the point it now has a cash-backing of $2.64, and the market was not pricing in any value for KW-1. The JV will now take up an option to drill the Echidna prospect. The broker has removed its KW-1 valuation and de-risked Echidna to result in a target price trim to $4.00 from $4.30. Outperform retained. Target price is $4.00 Current Price is $2.16 Difference: $1.84 If KAR meets the Macquarie target it will return approximately 85% (excluding dividends, fees and charges). The company's fiscal year ends in June. Macquarie forecasts a full year FY15 dividend of 0.00 cents and EPS of minus 10.70 cents. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 20.19. Market Sentiment: 1.0 How do these forecasts compare to market consensus projections?Current consensus EPS estimate is - 9.7, implying annual growth of 339.1%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus price target is $ 4.29, suggesting upside of 98.6%(ex-dividends).Current consensus EPS estimate suggests the PER is N/A.All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
1	AddedUBS rates KAR as Buy (1) -The Kangaroo West-1 exploration well failed to intersect hydrocarbons. The failure puts some additional pressure on the prospect as success at both fields would have reduced the commerciality threshold for Kangaroo. The field contains more oil than was expected but the reservoir complexity means more appraisal will be needed before commercial viability can be ticked off, in UBS' view. A Buy rating is retained. Target is lowered to $3.00 from $4.25. Target price is $3.00 Current Price is $2.16 Difference: $0.84 If KAR meets the UBS target it will return approximately 39% (excluding dividends, fees and charges). The company's fiscal year ends in June. UBS forecasts a full year FY15 dividend of 0.00 cents and EPS of 13.00 cents. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.62. Market Sentiment: 1.0 How do these forecasts compare to market consensus projections?Current consensus EPS estimate is - 9.7, implying annual growth of 339.1%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus price target is $ 4.29, suggesting upside of 98.6%(ex-dividends).Current consensus EPS estimate suggests the PER is N/A.All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources