Stock Name: STXOSV
Company Name: STX OSV HOLDINGS LIMITED
STX OSV reported quarterly earnings that beat expectations, DMG said. The firm said its fourth quarter net profit more than doubled to 638 million Norwegian krones ($141.7 million) on higher orders and strong margins.
Company Name: STX OSV HOLDINGS LIMITED
| Research House: DMG | Price Call: BUY | Target Price: 2.00 |
DMG & Partners upgraded Singapore-listed offshore vessel builder STX OSV Holdings to buy from neutral and raised its target price to $2.00 from $1.20.
STX OSV have surged 33.0% so far this year and ended at $1.54 on Tuesday.
STX OSV have surged 33.0% so far this year and ended at $1.54 on Tuesday.
STX OSV reported quarterly earnings that beat expectations, DMG said. The firm said its fourth quarter net profit more than doubled to 638 million Norwegian krones ($141.7 million) on higher orders and strong margins.
“Management remained cautious in their new order outlook but we are seeing signs that financing conditions are easing and orders for newbuilds could make a swift return,” DMG said in a report.
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