The higher the better.... Australian Broker Call Report STO...

The higher the better....

Australian Broker Call Report
STO
TARGET PRICE $6.30

Neutral
18 May 2018

Macquarie

Harbour Energy has returned with an offer of US$4.98 a share, identical to its original non-binding offer several weeks ago. Macquarie expects the board to reject the offer but does not envisage this...

STO
TARGET PRICE $6.40

Neutral
18 May 2018

UBS

The company has received a binding, conditional proposal from Harbour Energy to acquire the stock for US$4.90 a share. The revised proposal is unchanged from the prior indicative offer but there...

STO
TARGET PRICE $7.00

Neutral
14 May 2018

Citi

Citi expects Harbour Energy will need to sweeten its bid to compensate shareholders for the recent increase in the oil price. The broker increases the target to $7.00 from $6.50 in anticipation...

STO
TARGET PRICE $6.35

Outperform
24 Apr 2018

Credit Suisse

It was no surprise to Credit Suisse that production was softer in the March quarter, given the impact of the PNG earthquake and lower volumes from Fairview. Guidance has been lowered to 55-58 mmboe...