Southern Energy Corp. NPV (DI) (SOUC)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

3.00p
   
  • Change Today:
      0.100p
  • 52 Week High: 9.25p
  • 52 Week Low: 2.90p
  • Currency: UK Pounds
  • Shares Issued: 336.14m
  • Volume: 10,000
  • Market Cap: £10.08m

Canaccord Genuity slightly lowers target price on Southern Energy

By Iain Gilbert

Date: Monday 24 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity lowered their target price on exploration and production firm Southern Energy from 90.0p to 85.0p on Monday but said the group looked "set for growth" as US gas prices improve.
Canaccord Genuity noted that while drilling was taking place at Southern Energy's recently concluded seven-well programme on its Gwinville field in Mississippi, Henry Hub prices tumbled from $7 to just over $2 per thousand cubic feet.

"Southern receives a meaningful premium given its location, but the current pricing environment is unattractive so four of the seven wells have not been completed," said the analysts, who reiterated their 'speculative buy' rating on the stock.

"The present gas prices have set back the organic growth programme, resulting in a slowed expansion timetable, but the outlook, in our view, remains bright. The DUCs look to have the best drilling results so far and the shortest drilling times. We believe that sets the company up well for a return to production growth as gas prices improve and development drilling restarts with improved drilling efficiencies and better reservoir understanding."







Reporting by Iain Gilbert at Sharecast.com

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

 

SOUC Market Data

Currency UK Pounds
Share Price 3.00p
Change Today 0.100p
% Change 3.45 %
52 Week High 9.25p
52 Week Low 2.90p
Volume 10,000
Shares Issued 336.14m
Market Cap £10.08m

SOUC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.25% above the market average30.25% above the market average30.25% above the market average30.25% above the market average30.25% above the market average
21.13% below the sector average21.13% below the sector average21.13% below the sector average21.13% below the sector average21.13% below the sector average
Price Trend
95% below the market average95% below the market average95% below the market average95% below the market average95% below the market average
89.04% below the sector average89.04% below the sector average89.04% below the sector average89.04% below the sector average89.04% below the sector average
Income Not Available
Growth
64.66% below the market average64.66% below the market average64.66% below the market average64.66% below the market average64.66% below the market average
72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average

SOUC Dividends

No dividends found

Trades for 22-Aug-2025

Time Volume / Share Price
16:35 10,000 @ 3.00p
16:35 10,000 @ 3.00p

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