Kistos Holdings (KIST)

Sector:

Investment Firms

107.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 205.00p
  • 52 Week Low: 102.00p
  • Currency: UK Pounds
  • Shares Issued: 82.86m
  • Volume: 77,375
  • Market Cap: £88.66m

Berenberg initiates coverage on Kistos at 'buy'

By Iain Gilbert

Date: Monday 06 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on exploration and production outfit Kistos at 'buy' on Monday, stating the firm's portfolio was "ready to bloom".
Berenberg said it thinks Kistos can grow production by roughly 380% in 2021 to about 24,000 barrels of oil per day following its recent acquisition of a portfolio of assets from Tulip Oil in the Netherlands.

The German bank, which issued the stock a 495.0p price target, also stated low unit costs and "a supportive European gas price environment" had ensured that this production growth was forecast to be "highly cash generative".

Berenberg pointed out that Kistos has "a sector-leading scope one emissions profile", as well as a management team with "a strong track record of value creation".

"Our net asset value-based price target indicates circa 33% upside to the current price and Kistos is the cheapest company in the sector on cash flow multiples once through this initial phase of development; it is trading on 2024 EV/EBITDA of 1.2x, EV/DACF of 1.4x and a 45% FCF yield," said the analysts.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Kistos Holdings Market Data

Currency UK Pounds
Share Price 107.00p
Change Today -2.00p
% Change -1.83 %
52 Week High 205.00p
52 Week Low 102.00p
Volume 77,375
Shares Issued 82.86m
Market Cap £88.66m

Kistos Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average
37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average
Price Trend
84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average
96.86% below the sector average96.86% below the sector average96.86% below the sector average96.86% below the sector average96.86% below the sector average
Income Not Available
Growth
4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average
10.95% below the sector average10.95% below the sector average10.95% below the sector average10.95% below the sector average10.95% below the sector average

Kistos Holdings Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:08 10,000 @ 107.00p
15:41 690 @ 106.00p
15:40 910 @ 106.00p
14:54 2,700 @ 106.64p
14:16 13,314 @ 106.80p

Kistos Holdings Key Personnel

CEO Peter Mann
CFO Richard Slape

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