Kepler Capital Maintains Their Buy Rating on BW Offshore (BGSWF)
Kepler Capital analyst Kevin Roger maintained a Buy rating on BW Offshore (BGSWF) on May 3 and set a price target of NOK65.00.
According to TipRanks.com, Roger is a 5-star analyst with an average return of 23.3% and a 64.8% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, CGG Veritas, and TechnipFMC.
BW Offshore has an analyst consensus of Moderate Buy, with a price target consensus of $7.81.
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Based on BW Offshore’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $211 million and net profit of $1.3 million. In comparison, last year the company earned revenue of $296 million and had a net profit of $26.6 million.
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BW Offshore Ltd is a holding company. It is engaged in developing, owning and operating oil and gas Floating Production, Storage and Offloading vessels (FPSO) and Floating, Storage and Offloading (FSO) vessels. The group’s activities are focused on construction, ownership, and operation of FPSOs and FSOs.