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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Oil Search Limited    OSH   PG0008579883

OIL SEARCH LIMITED

(OSH)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/23
2.9 AUD   +2.11%
05:20pOIL SEARCH : Final Director's Interest Notice - M Togolo
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04:45pOIL SEARCH : Final Director's Interest Notice - M Togolo
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10/22Australia shares close lower as U.S. stimulus appears elusive
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Morgan Stanley : rates OSH as Equal-weight

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08/25/2020 | 11:36pm EDT

Oil Search delivered first-half underlying net profit below Morgan Stanley's estimate while operating income was in-line with estimates. No dividend was declared.

The company has revised down its FY20 cost guidance while leaving production and capex guidance unchanged. 

The broker uses conservative long-term oil price assumptions and notes at US$45/bbl, there is no value in Oil Search's operated oil position in PNG. Also, cost reduction in Alaska is critical for the project to move forward.

Oil Search has material upside if oil prices start to recover, believes the broker. 

Morgan Stanley remains Equal-weight on Oil Search with the target price increasing to $3.30 from $3.20. Industry view: Cautious.

Sector: Energy.

Target price is $3.30.Current Price is $3.06. Difference: $0.24 - (brackets indicate current price is over target). If OSH meets the Morgan Stanley target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena


Stocks mentioned in the article
ChangeLast1st jan.
MORGAN STANLEY 0.19% 51.87 Delayed Quote.1.47%
OIL SEARCH LIMITED 2.11% 2.9 End-of-day quote.-60.00%
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Financials
Sales 2020 1 558 M 1 112 M 1 112 M
Net income 2020 -413 M -295 M -295 M
Net Debt 2020 3 395 M 2 424 M 2 424 M
P/E ratio 2020 -13,4x
Yield 2020 0,04%
Capitalization 6 026 M 4 285 M 4 301 M
EV / Sales 2020 6,05x
EV / Sales 2021 5,40x
Nbr of Employees 1 607
Free-Float 99,2%
Chart OIL SEARCH LIMITED
Duration : Period :
Oil Search Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends OIL SEARCH LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 3,80 AUD
Last Close Price 2,90 AUD
Spread / Highest target 89,7%
Spread / Average Target 31,0%
Spread / Lowest Target -5,17%
EPS Revisions
Managers
NameTitle
Kieran Wulff Managing Director & Director
Richard John Lee Chairman
Stephen W. Gardiner Chief Financial Officer
Beth White Executive VP-Sustainability & Technology
Kostas Goerge Constantinou Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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