- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
Cairn Energy ShareCast News (CNE)
ShareCast News for Cairn Energy (CNE)
| Share Price: 288.20 | Bid: 287.50 | Ask: 287.90 | Change: -3.70 (-1.27%) |  | ||||||
| ||||||||||
Broker tips: Carnival, Polymetal, Tower Resources...
Mon, 25th Jun 2012 11:26
Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p.
"We advise utilising Friday's drop to invest in our sector key pick, with the group having: (1) an exceptional market position; (2) leading brands; (3) a resilient core customer demographic; (4) high repeat bookings; (5) emerging markets growth upside; and (6) benign industry supply growth with visibility of over four years," Hollins said.
Shares of precious metals producer Polymetal International were given a lift on Monday morning by Nomura, which upgraded its rating on the stock from 'reduce' to 'buy'.
The broker says that Polymetal, which listed in London in November 2011, has "slipped under the radar of institutions" during a period of negative sentiment towards precious metal miners, especially due to its complex operations and Russian exposure. "This has left Polymetal an underperformer and its valuation is undemanding," Nomura said. The stock trades at 6.2 times 2013 earnings (consensus forecasts) compared with global large-cap peers which trade on a multiple of 11.7.
The target price for the shares has been cut from 1,400p to 1,340p to reflect a lower expected silver price. However the new target still suggests around 45% upside to the current share price.
Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector.
"We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi Arabia defends its $100/bbl target, providing a more supportive background for E&Ps."
The broker's preferred exposures in the E&P sector are Tullow Oil, Ophir Energy, Falkland Oil & Gas, Chariot Oil & Gas and Bowleven. Value plays Premier Oil and Cairn Energy are expected to struggle to gain traction in this market, the broker said.
BC
"We advise utilising Friday's drop to invest in our sector key pick, with the group having: (1) an exceptional market position; (2) leading brands; (3) a resilient core customer demographic; (4) high repeat bookings; (5) emerging markets growth upside; and (6) benign industry supply growth with visibility of over four years," Hollins said.
Shares of precious metals producer Polymetal International were given a lift on Monday morning by Nomura, which upgraded its rating on the stock from 'reduce' to 'buy'.
The broker says that Polymetal, which listed in London in November 2011, has "slipped under the radar of institutions" during a period of negative sentiment towards precious metal miners, especially due to its complex operations and Russian exposure. "This has left Polymetal an underperformer and its valuation is undemanding," Nomura said. The stock trades at 6.2 times 2013 earnings (consensus forecasts) compared with global large-cap peers which trade on a multiple of 11.7.
The target price for the shares has been cut from 1,400p to 1,340p to reflect a lower expected silver price. However the new target still suggests around 45% upside to the current share price.
Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector.
"We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi Arabia defends its $100/bbl target, providing a more supportive background for E&Ps."
The broker's preferred exposures in the E&P sector are Tullow Oil, Ophir Energy, Falkland Oil & Gas, Chariot Oil & Gas and Bowleven. Value plays Premier Oil and Cairn Energy are expected to struggle to gain traction in this market, the broker said.
BC
Cairn Energy plans exploration in Morocco
Cairn Energy has confirmed planning is underway for its first the first well in its exploration programme offshore Morocco.[Thu 09:57]
Further opportunities added to Cairn's frontier drilling programme
FTSE 250-listed Cairn Energy has reported a farm-in as operator to two licences offshore West of Ireland in the Porcupine Basin and six adjacent licensing option blocks.[7 May '13]
Tuesday broker round-up UPDATE
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight.[7 May '13]
London midday: Chinese slowdown sinks miners and commodity prices
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets.[15 Apr '13]
London open: Miners hammered after Chinese slowdown
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand.[15 Apr '13]
London pre-open: FTSE to edge slightly lower ahead of busy week
City sources predict the FTSE 100 will open down two points from Friday's close of 6,384, as traders brace themselves for another busy week, nationally and internationally. The week has begun on a less than positive note with China announcing less than impressive figures for both production and economic growth.[15 Apr '13]
Cairn secures contract for Cajun Express drilling rig
Cairn Energy, the FTSE 250 oil and gas group, has secured a long term contract with Transocean for the Cajun Express drilling unit.[15 Apr '13]
Cairn Energy shares rise on Skarfjell well upgrade
Cairn Energy's shares advanced Tuesday as the oil and gas company upgraded its resources at the Skarfjell appraisal well in the Norwegian North Sea.[9 Apr '13]
