Sunday, March 22, 2015

Deutsche Bank reiterates ‘Buy’ rating for Oil Search Limited

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Oil Search Limited’s (Oil Search) stock had its "buy" rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Monday.

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
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