Oil Search Limited Receives Outperform Rating from RBC Capital (OSH)
Oil Search Limited (ASX:OSH)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Monday. They currently have a $11.00 target price on the stock, up from their previous target price of $10.00.
A number of other firms have also recently commented on OSH. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Oil Search Limited in a research note on Sunday, May 18th. They now have a $11.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Oil Search Limited in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of A$11.00 ($10.28).
Shares of Oil Search Limited (ASX:OSH) traded up 2.73% on Monday, hitting A$9.780. The stock had a trading volume of 6,766,404 shares. Oil Search Limited has a 1-year low of A$7.510 and a 1-year high of A$9.820. The stock’s 50-day moving average is A$9.13 and its 200-day moving average is A$8.53. The company has a market cap of A$13.138 billion and a P/E ratio of 62.22.
Oil Search Limited is an oil and gas exploration and development company. The Company’s PNG LNG Project is 6.
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