Oil Search's growth projects are on track and full-year guidance appears achievable, although Ord Minnett notes this could be the last quarterly report by the company. The proposed merger with Santos ((STO)) is expected to be completed by year-end.

The broker is positive, as both stocks are trading below valuation, and retains a Buy rating. Target price eases to $5.15 from $5.20.

Sector: Energy.

Target price is $5.15.Current Price is $4.39. Difference: $0.76 - (brackets indicate current price is over target). If OSH meets the Ord Minnett target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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