2159 GMT - Barrenjoey trims its price target on Karoon Energy by 3.8% after assuming it will need to spend a tad more on restoring the SPS-88 well to production at its Bauna oil field in Brazil and on new drilling in the Gulf of Mexico. Analyst Dale Koenders also thinks Karoon will receive less from selling part of its equity in the Neon project in Brazil, although higher production than previously forecast cushions the impact of these new assumptions. Barrenjoey raises its FY 2025 and FY 2026 EPS forecasts by 6% and 2%, respectively. Its price target is A$2.50/share, still well above Karoon's closing price of A$1.525 on Monday.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 10, 2025 17:59 ET (21:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。