According to WKRB news & analyst, they currently have a $11.00 target price on the stock.
Oil Search opened at 7.65 on Monday. Oil Search has a 1-year low of $A6.87 and a 1-year high of $A9.88. The stock’s 50-day moving average is A$8 and its 200-day moving average is $A8. The company has a market cap of A$11.65 billion and a P/E ratio of 32.14.
Several other analysts have also recently commented on the stock.
Analysts at Goldman Sachs upgraded shares of Oil Search to a "buy" rating and set a $7.90 price target on the stock in a research note on Monday.
Analysts at RBC Capital reiterated an "outperform" rating and set a $9.00 price target on shares of Oil Search in a research note on Thursday, February 19.
Finally, analysts at UBS AG reiterated a "buy" rating and set a $9.00 price target on shares of Oil Search in a research note on Tuesday, January 20.
Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus target price of A$9.02 ($6.88).
The Company’s PNG LNG Project is 6.9 million tons per annum integrated LNG project operated by ExxonMobil PNG Limited, a subsidiary of ExxonMobil Corporation. Post Courier