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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
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Share Price: 2.90
Bid: 2.80
Ask: 3.00
Change: -0.10 (-3.33%)
Spread: 0.20 (7.143%)
Open: 3.00
High: 3.00
Low: 2.80
Prev. Close: 3.00
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Thursday broker round-up UPDATE

Thu, 20th Jun 2013 08:43

Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged.ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation.Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recommendation.Aviva: Berenberg revises target price from 350p to 375p, while its hold recommendation remains unchanged.Beazley: Berenberg shifts target price from 232p to 238p, while downgrading to hold.Berkeley Group: Deutsche Bank moves target price from 2211p to 2252p while at the same time keeping a hold recommendation. Citi raises target price from 2125p to 2215p, while its neutral rating is maintained. UBS ups target price from 2250p to 2350p and stays with its buy recommendation.Big Yellow Group: UBS moves target price from 380p to 400p and maintains a neutral rating.Capital & Counties Properties: Exane upgrades to outperform with a target price of 414p.Catlin Group: Berenberg revises target price from 530p to 544p upgrading to buy.Compass Group: UBS increases target price from 790p to 900p, while leaving its neutral rating unchanged.Darty: UBS lowers target price from 70p to 65p and keeps a neutral rating. Societe Generale moves target price from 68p to 64p retaining a hold recommendation.Derwent London: Societe Generale raises target price from 2390p to 2610p and upgrades to buy.Direct Line: Berenberg shifts target price from 184p to 189p, while still recommending selling.Dixons Retail: WH Ireland moves target price from 45p to 50p and retains a buy recommendation.Drax Group: Citi raises target price from 590p to 650p upgrading from neutral to buy.Go-Ahead Group: Jefferies reduces target price from 1725p to 1650p, while staying with its buy recommendation.Great Portland Group: Societe Generale takes target price from 530p to 570p and upgrades to hold.Hammerson: Societe Generale increases target price from 610p to 670p retaining its buy recommendation.Imagination Technologies: Deutsche Bank cuts target price from 380p to 330p leaving its hold recommendation unaltered. Credit Suisse ups target price from 250p to 275p and reiterates its underperform rating. Investec reduces target price from 395p to 340p and stays with its hold recommendation.Interbulk Group: Westhouse Securities shifts target price from 10p to 9p keeping its buy recommendation.Intu Properties: Societe Generale ups target price from 320p to 340p upgrading to hold.ITV: Westhouse Securities shifts target price form 150p to 156p and maintains an add rating.Lamprell: JP Morgan increases target price from 114p to 164p and upgrades from underweight to neutral.Liontrust Asset Management: JP Morgan moves target price from 169p to 193p, while keeping an underweight rating.Lloyds Banking Group: Credit Suisse ups target price from 48p to 58p reiterating a neutral rating.Petro Matad: Westhouse Securities lowers target price from 15p to 12p keeping a buy recommendation.Phoenix Group: Berenberg revises target price from725p to 750p and maintains its buy recommendation.Prudential: Berenberg increases target price from 1350p to 1420p and stays with its buy recommendation.Resolution: Berenberg moves target price from 270p to 285p and keeps a hold recommendation.RSA Insurance Group: Berenberg lowers target price from 150p to 142p, while its buy recommendation is reiterated.Segro: Societe Generale raises target price from 300p to 340p and maintains a buy recommendation.Standard Life: Berenberg ups target price from 310p to 330p, but still recommends selling.St James's Place: Berenberg increases target price from 550p to 600p, while leaving its hold recommendation unaltered.Ted Baker: Panmure Gordon raises target price from 1411p to 1571p, while its hold recommendation is kept. Espirito Santo takes target price from 1150p to 1650p upgrading to buy.Vectura: Investec initiates with a target price of 107p and a buy recommendation.Whitbread: Jefferies raises target price from 2300p to 2700p retaining a hold recommendation. JP Morgan takes target price from 310op to 3300p and maintains an overweight rating.
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IN BRIEF: Petro Matad raises USD6.0 million from placing, subscription

Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration, which owns and operates two production sharing contracts with the Mongolian government - Raises USD6.0 million from placing and subscription of 195.1 million shares at a price of 2.5 pence each. Says shareholder Petrovis Matad Inc buys 32.5 million subscription shares for total USD1.0 million. Petro Matad Chief Executive Officer Mike Buck buys 813,008 subscription shares for USD25,000.

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Petro Matad raises $6m in discounted placing

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Petro Matad shares jump on progress for land registration in Mongolia

(Alliance News) - Petro Matad Ltd on Monday celebrated progress towards registering its Block XX Exploitation Area as special purpose land, following a year of delays over access issues.

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IN BRIEF: Petro Matad narrows loss in 2021; China slowly opens border

Petro Matad Ltd - Douglas, Isle of Man-based petroleum exploration company focused on Mongolia - Narrows pretax loss in 2021. Pretax loss shrinks to USD2.1 million from USD3.2 million in 2020. Exploration and evaluation expenditure narrows to USD114,000 in 2021 from USD433,000.

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5 May 2022 14:28

IN BRIEF: Petro Matad's drilling in Mongolia halted by China lockdown

Petro Matad Ltd - petroleum exploration company focused on Mongolia - Announces suspension of oil export to China and drilling in Mongolia due to Covid restrictions in China. China is increasing its Covid-19 related lockdowns and travel restrictions, Petro Matad says. This is impacting the oil exploration firm as it relies on cross-border trade, including oil field service providers, it adds. It is not producing any oil currently as "there are no Chinese oil rigs operating in Mongolia at the moment," the company explains.

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IN BRIEF: Petro Matad drops after drilling delayed by restrictions

Petro Matad Ltd - Isle of Man, UK-based petroleum exploration company focused on Mongolia - Says that the availability of drilling equipment and crews for the drilling of additional Heron wells has not been confirmed by the contractors. Explains that the drilling contractor along with the other service providers have been impacted by Covid-related travel restrictions. These, it continues, are due mainly to the restrictions imposed by China. Says it will continue to push the service providers to confirm a timeframe for its drilling programme.

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