KrisEnergy kept at "outperform" with 80-cent target by Macquarie

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.

Research House: Macquarie

Price Call: BUY

Target Price: 0.80

SINGAPORE (Jan 7): Macquarie Research has kept its "outperform" call and 80-cent price target on KrisEnergy, saying the Southeast Asia-focused oil and gas explorer offers "fundamental" value even as oil prices continue to fall.

The company said last week the Indonesian government has approved its plan to develop a gas field in East Java, paving the way for KrisEnergy to pursue talks with potential buyers for gas sales agreements.

KrisEnergy's so-called Bulu production sharing contract covers three areas spanning a total of 697sq km in water depths of 50m to 60m.

KrisEnergy kept at 'buy' with $1.18 price target by UOB-KayHian

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.

Research House: UOB KayHian

Price Call: BUY

Target Price: 1.18

SINGAPORE (Nov 25): UOB-KayHian has maintained its "buy" call on KrisEnergy with a target price of $1.18 cents.

In a Nov 25 report, analysts Danny Chan Tzu Zhung and Loke Chuying said the stock's resilience despite the recent retreat in oil prices has enhanced their positive view on the stock, especially once its projected near-term catalysts materialise.

'Gassier' KrisEnergy held at 'outperform' by Credit Suisse with target price of 93 cents

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.

Research House: Credit Suisse

Price Call: BUY

Target Price: 0.93

SINGAPORE (Oct 21): Credit Suisse has maintained KrisEnergy at "outperform" with the same target price of 93 cents.

That's because KrisEnergy has a higher gas mix in its reserves or is more "gassy", according to Credit Suisse in an Oct 20 report.

This makes the stock more resilient to a drop in oil prices.

In the present falling oil price environment, Kris' one-month price performance remained unchanged compared to more "oily" peers which have fallen about 30%, says the research house.

Credit Suisse has already revised crude price forecast.