tiprankstipranks
Trending News
More News >

Monadelphous Secures Over $100 Million in New Energy Sector Contracts

Story Highlights
Monadelphous Secures Over $100 Million in New Energy Sector Contracts

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from Monadelphous Group Limited ( (AU:MND) ).

Monadelphous Group Limited has announced the award of new contracts in the energy sector valued at over $100 million. The company secured a contract with Technip Energies for services related to the Shell Crux platform off Western Australia’s coast, expected to be completed by late 2026. Additionally, Monadelphous’ Inteforge division extended its agreement with Origin Energy to supply wellsite equipment for Australia Pacific LNG in Queensland, continuing a partnership that began in 2015.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

More about Monadelphous Group Limited

Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two divisions: Engineering Construction and Maintenance and Industrial Services, offering multidisciplinary project management, construction, and maintenance services. Headquartered in Perth, Western Australia, Monadelphous has a significant presence in Brisbane, Queensland, and operates across Australia and internationally in China, Mongolia, Papua New Guinea, and the Philippines.

Average Trading Volume: 241,696

Technical Sentiment Signal: Buy

Current Market Cap: A$1.71B

See more data about MND stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1