Stock Name: STXOSV
Company Name: STX OSV HOLDINGS LIMITED
STX OSV’s orders so far this year only accounted for 9.5% of broker DMG & Partners’ full year forecast, but it expects “the tight availability of high-end vessels in the market will continue to drive more orders”.
Company Name: STX OSV HOLDINGS LIMITED
| Research House: DMG | Price Call: BUY | Target Price: 2.00 |
STX OSV Holdings rose as much as 2.8% after it won two contracts worth about 1.15 billion Norwegian Crown ($253 million) to build subsea vessels.
“We believe orders could gush back in the second half when positive oil & gas dynamics pips credit concerns,” brokerage CIMB said in a report, adding that STX OSV’s order pipeline had become more diversified.
“We believe orders could gush back in the second half when positive oil & gas dynamics pips credit concerns,” brokerage CIMB said in a report, adding that STX OSV’s order pipeline had become more diversified.
STX OSV’s orders so far this year only accounted for 9.5% of broker DMG & Partners’ full year forecast, but it expects “the tight availability of high-end vessels in the market will continue to drive more orders”.
DMG & Partners has a buy rating on STX OSV and a target price of $2.00.
STX OSV is favoured by markets as reflected by Thomson Reuters’ StarMine giving it a%ile ranking of 98 out of 100 for analysts’ upgrades in earnings estimates and changes in their recommendations.
STX OSV was up 2% at $1.79 after hitting a record S$1.81 on Monday. The shares have surged 60% this year.
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