Altura reported second quarter financial and operating results slightly behind our estimates, though at this early stage the key components of its organic growth strategy remain intact. We have made no changes to our forward estimates at this juncture as Management reiterated a 7-well summer drilling program mainly focusing on its Klein North property, though testing some exploration concepts. We have reaffirmed our 12-month target price of $0.45 per share and Outperform ranking, noting a rob
12 Aug 2016
Announces its Second Quarter 2016 Results
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Announces its Second Quarter 2016 Results
Altura reported second quarter financial and operating results slightly behind our estimates, though at this early stage the key components of its organic growth strategy remain intact. We have made no changes to our forward estimates at this juncture as Management reiterated a 7-well summer drilling program mainly focusing on its Klein North property, though testing some exploration concepts. We have reaffirmed our 12-month target price of $0.45 per share and Outperform ranking, noting a rob