Thursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreAvanti Comms directors increase company holdings
7th Jul 2014 16:29
Satellite operator Avanti Communications on Monday reported that David Bestwick, its Chief Technology Officer, and Nigel Fox, its Chief Financial Officer, had both increased their holdings in the group. The largest of the purchases was made by Bestwick, who bought 4,000 shares at 250.03p each on F
Read moreIthaca Energy to buy North Sea oil fields
23rd Jun 2014 13:33
Ithaca Energy has agreed to buy interests in three UK North Sea oil fields from Sumitomo Corporation for $170m. The firm will purchase a further 20% interest in the Shell-operated Cook field, bringing its total stake up to 61.346%. The company will also acquire 7.48% in the Shell-operated Pierce
Read moreIthaca Energy unveils promising drilling results at North Sea well
17th Jun 2014 08:15
Oil and gas explorer Ithaca Energy has reported promising drilling results from a North Sea well. Ithaca, which has exploration and production assets in the UK North Sea and Norwegian exploration activities, said its third well in the Stella field, known as B1, had found high-quality sands across a
Read moreIthaca Energy's first quarter profits rise as production grows
13th May 2014 09:54
Ithaca Energy's profit after tax in the first quarter surged to 16.4m dollars from 3.5m dollars the prior year as oil production rose. Average production came to 9,222 barrels of oil equivalent per day (boepd) in the three months ended March 31st 2014, up 50% on the same period last year. The comp
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreIthaca Energy faces delays with North Sea rig
9th May 2014 12:16
North Sea oil and gas explorer Ithaca Energy announced delays and higher costs in building a rig for a North Sea drilling programme, sending its shares down. Ithaca said construction works on its floating production facility (FPF) being built in Poland by Petrofac had taken longer than expected, me
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreIthaca Energy's shares rise on oil discovery
21st Feb 2014 14:30
Ithaca Energy's shares advanced after announcing it has discovered oil at an exploration well in the Norwegian North Sea. The 25/5-9 well on the Trell prospect in licence PL102 F/G intersected 19 metres of net pay in excellent quality Heimdal reservoir in the Paleocene Heimdal Formation. Wireline
Read moreTesco Chairman keeps the faith after recent poor update
17th Jan 2014 16:54
Tesco Non-Executive Chairman Sir Richard Broadbent added 10,000 shares to his stake, the supermarket chain announced Friday. Broadbent, who joined the board in July 2011, bought the shares at 331.22p a piece for a total spend of £33,122. The purchase was made less than a week after the company p
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreIthaca Energy warns Q1 production will be below full year range
15th Jan 2014 10:52
Ithaca Energy shares dropped on Wednesday after the North Sea oil and gas operator said first quarter production is expected to be below the full year range. The production drop was being driven primarily by an unplanned shutdown of the Cook field, which was the result of on-going repair work on t
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreIthaca Energy announces new debt facilities
10th Oct 2013 12:45
Ithaca Energy has extended and executed long-term senior bank debt financing facilities to fund oil and gas activities. The company has increased its existing reserve-based lending facility from $430m to $610m, phasing out a $350m facility which was used to fund the acquisition of Valiant Petroleu
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