Latest news with #AdrianPrendergast
Business Insider
16-07-2025
- Business
- Business Insider
Morgans Remains a Hold on Fortescue Metals Group Ltd (FSUMF)
Morgans analyst Adrian Prendergast maintained a Hold rating on Fortescue Metals Group Ltd today and set a price target of A$16.50. The company's shares closed yesterday at $11.10. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Santos Limited, and Empire Energy Group Limited. According to TipRanks, Prendergast has an average return of 11.4% and a 51.41% success rate on recommended stocks. In addition to Morgans, Fortescue Metals Group Ltd also received a Hold from Macquarie's Jon Scholtz in a report issued on July 10. However, on July 8, RBC Capital maintained a Buy rating on Fortescue Metals Group Ltd (Other OTC: FSUMF). Based on Fortescue Metals Group Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $9.51 billion and had a net profit of $3.34 billion Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
Business Insider
16-07-2025
- Business
- Business Insider
South32 (S32) Receives a Buy from Morgans
In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on South32, with a price target of A$4.10. The company's shares closed yesterday at p142.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Santos Limited, and Empire Energy Group Limited. According to TipRanks, Prendergast has an average return of 11.4% and a 51.41% success rate on recommended stocks. In addition to Morgans, South32 also received a Buy from Macquarie's Hayden Bairstow in a report issued yesterday. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on South32 (LSE: S32). S32 market cap is currently £6.81B and has a P/E ratio of 60.00. Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of S32 in relation to earlier this year.
Business Insider
16-07-2025
- Business
- Business Insider
Morgans Sticks to Its Buy Rating for Woodside Energy Group (WDS)
In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on Woodside Energy Group, with a price target of A$31.00. The company's shares closed yesterday at A$23.95. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Santos Limited, and Empire Energy Group Limited. According to TipRanks, Prendergast has an average return of 11.4% and a 51.41% success rate on recommended stocks. Woodside Energy Group has an analyst consensus of Moderate Buy, with a price target consensus of A$25.28, representing a 5.55% upside. In a report released on July 9, RBC Capital also maintained a Buy rating on the stock with a A$32.50 price target. Based on Woodside Energy Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$7.19 billion and a net profit of A$1.64 billion. In comparison, last year the company earned a revenue of A$6.59 billion and had a GAAP net loss of A$80 million Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDS in relation to earlier this year.
Business Insider
16-07-2025
- Business
- Business Insider
Beach Energy (BEPTF) Receives a Hold from Morgans
Morgans analyst Adrian Prendergast maintained a Hold rating on Beach Energy today and set a price target of A$1.35. The company's shares closed last Monday at $0.89. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Santos Limited, and Empire Energy Group Limited. According to TipRanks, Prendergast has an average return of 11.4% and a 51.41% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beach Energy with a $0.88 average price target, representing a -0.81% downside. In a report released on July 8, RBC Capital also maintained a Hold rating on the stock with a A$1.30 price target.
Business Insider
17-06-2025
- Business
- Business Insider
Santos Limited (STOSF) was downgraded to a Sell Rating at Morgans
In a report released today, Adrian Prendergast from Morgans downgraded Santos Limited (STOSF – Research Report) to a Sell, with a price target of A$6.90. The company's shares closed today at $4.96. Confident Investing Starts Here: Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Karoon Energy Ltd, and Santos Limited. According to TipRanks, Prendergast has an average return of 12.1% and a 53.71% success rate on recommended stocks. Currently, the analyst consensus on Santos Limited is a Strong Buy with an average price target of $4.80. Based on Santos Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.69 billion and a net profit of $588 million. In comparison, last year the company earned a revenue of $2.92 billion and had a net profit of $626 million Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STOSF in relation to earlier this year.
