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.
Kistos PLC ( (GB:KIST) ) has provided an update.
Kistos Holdings PLC has achieved a significant milestone with the start of oil production from the Jotun FPSO in the Balder Area, Norway, in partnership with Vår Energi. This development is expected to significantly boost Kistos’s production capacity, increasing their oil output to over 11,000 barrels of oil equivalent per day (boepd) in Norway, and enhancing cash flow. The project marks a strategic entry into the Norwegian market, offering substantial value accretion for the company and its stakeholders, with future phases set to sustain long-term production.
The most recent analyst rating on (GB:KIST) stock is a Buy with a £300.00 price target. To see the full list of analyst forecasts on Kistos PLC stock, see the GB:KIST Stock Forecast page.
Spark’s Take on GB:KIST Stock
According to Spark, TipRanks’ AI Analyst, GB:KIST is a Neutral.
Kistos PLC’s stock score is influenced by strong technical momentum and positive corporate events, suggesting potential growth and strategic alignment. However, the overall financial performance is weak, with declining revenues and liquidity concerns, which temper the stock’s attractiveness. The negative P/E ratio also suggests potential overvaluation.
To see Spark’s full report on GB:KIST stock, click here.
More about Kistos PLC
Kistos Holdings PLC is an independent energy company that focuses on generating value in the upstream and midstream markets. The company is involved in oil and gas production, with a particular focus on the Norwegian Continental Shelf.
Average Trading Volume: 214,583
Technical Sentiment Signal: Buy
Current Market Cap: £157.4M
Learn more about KIST stock on TipRanks’ Stock Analysis page.