Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ANDES ENERGIA PLC. We currently have 6 research reports from 1 professional analysts.
|09Dec16 07:00||RNS||Change of Adviser|
|06Dec16 16:35||RNS||Price Monitoring Extension|
|09Nov16 15:12||RNS||Holding(s) in Company|
|21Oct16 15:23||RNS||Stmnt re Share Price Movement|
|19Sep16 07:01||RNS||Directorate Change|
|19Sep16 07:00||RNS||Half-year Report|
|25Aug16 07:00||RNS||Operational update|
Frequency of research reports
Research reports on
ANDES ENERGIA PLC
ANDES ENERGIA PLC
Solid interim results
19 Sep 16
We reiterate our Buy rating on Andes Energia and 50p target price following a solid set of interim results which demonstrate the progress that it is making with its Chachahuen assets and the growth in EBITDA that these assets deliver. The business environment in Argentina is improving, as are relations with the UK, and this should help Andes potentially start to realise some value from its extensive Vaca Muerta acreage, where it has 250,000 net mineral acres. Andes continues to trade at a steep discount to our core NAV of 24p.
FY15 results highlight operational progress
24 May 16
We reiterate our Buy rating on Andes Energia following 2015 operating and financial results that demonstrate a strong performance in what has been a very weak environment for the oil and gas sector. We expect that strong production growth in Chachahuen will be key in almost trebling EBITDA by 2018, relative to 2015. With investor sentiment toward Argentina improving, we highlight that Andes is trading at a 24% discount to our core NAV of 24.4p which itself attributes no value to its 250,000 net acres in the Vaca Muerta.
Oil & Gas - A turning point for the E&P sector
28 Oct 15
We suggest that, following 4½ years of underperformance, the E&P sector is set for a sharp recovery relative to the market. We think that this will be driven by a dramatic reversal in E&P margins, as a recovery in oil prices coincides with reductions in upstream costs, similar to what happened in 2003/04 (following the consolidation of the majors) and 2009/10 (post the financial crisis). We focus our stock recommendations on our corporate clients – Andes Energia, Nighthawk Energy and Oilex - but acknowledge that the entire sector should participate in the recovery.
Growing production at $70/bbl oil prices
06 Oct 15
We reiterate our Buy rating and retain our 93p target price following Andes Energia’s interim results. Andes benefits from high domestic oil prices in Argentina, production has grown over 20% yoy in Argentina and the company is now funded to fully participate in the aggressive drilling campaign in the conventional Chachahuen oilfield, operated by YPF. Andes is trading at a 32% discount to our core NAV of 34p, which includes just production and development assets, the majority of which are in Argentina.
27 Mar 17
Elecosoft* (ELCO): Steadily building profits (CORP) | Bioventix* (BVXP): Interim results lead to upgrades (CORP) | Hurricane Energy (HUR): Halifax discovery (BUY) | KBT Business Technology* (KBT): interims and contract win (CORP) | Independent Oil & Gas* (IOG): Licence updates (CORP)
Strong trading leads to upgrades
22 Mar 17
On the back of today’s positive trading update and slightly upgraded profit forecasts for FY2017, FY2018 and FY2019 we have reviewed our DCF analysis. This has led to an increased DCF valuation per share of 1500p (from 1200p) which we have made our new target price (from 1200p). Both TFP and JC Paper have contributed to the upgrades shown in the table below as have favourable currency movements. With the potential for further upgrades due to capitalising 3DP costs to come we maintain our Add recommendation.
GMP FirstEnergy ― UK Energy morning research package
27 Mar 17
Amerisur Resources (AMER LN)6; HOLD, £0.30: Reduced 2017e production outlook and year-end 2016 reserves | Condor Petroleum (CPI CN)8 ; BUY, C$3.50: Reports 4Q16 results and remains on track for first production from Turkey in mid-2017e | Hurricane Energy (HUR LN) (not covered): Halifax well update in the UK | Cairn Energy (CNE LN): BUY, £2.90: Update on the VR-1 well in Senegal by Far (FAR AU) (Not covered) | Royal Dutch Shell (RDSA/B LN) (not covered): Divestment of Gabonese assets
Small Cap Breakfast
21 Mar 17
First Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march. Tufton Oceanic Assets- The Company intends to invest in a diversified portfolio of second hand commercial sea-going vessels where the Investment Manager believes that an attractive opportunity exists in shipping. $150m raise. Admission 3 April.