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Newport Exploration ( (TSE:NWX) ) has issued an announcement.
Beach Energy Ltd reported a 33% decrease in production in the Western Flank due to natural field decline and flooding. Newport Exploration, which holds a royalty interest in some of these areas, will update shareholders on specific production forecasts when available. Beach Energy plans a 10-well oil appraisal and development campaign in FY26, focusing on operating efficiencies and cost savings, which could impact Newport’s royalty income.
Spark’s Take on TSE:NWX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NWX is a Neutral.
Newport Exploration’s stock score is primarily affected by its stable balance sheet and attractive valuation, but it is weighed down by the critical absence of revenue. Positive technical indicators provide support for the stock’s upward momentum, while the high dividend yield offers significant investor returns despite the company’s revenue challenges.
To see Spark’s full report on TSE:NWX stock, click here.
More about Newport Exploration
Newport Exploration Ltd is involved in the oil and gas industry, holding a 2.5% gross overriding royalty over permits in the Cooper Basin, Australia, operated by Beach Energy Ltd. The company does not have control over the operating decisions of Beach Energy and relies on the royalties from these operations. Newport Exploration has no debt and holds approximately $2.5 million in cash, cash equivalents, and short-term investments.
Average Trading Volume: 52,914
Technical Sentiment Signal: Sell
Current Market Cap: C$12.14M
For detailed information about NWX stock, go to TipRanks’ Stock Analysis page.