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An announcement from Strike Energy Limited ( (AU:STX) ) is now available.
Strike Energy Limited has completed a strategic review to optimize its asset portfolio, focusing on Western Australia’s energy transition. The company plans to exit non-core assets and concentrate on gas-fired power development and critical energy infrastructure projects, such as the South Erregulla Peaking Gas Power Station and the West Erregulla development. This strategy aligns with recent policy announcements and the WA State Government’s energy transition investment, positioning Strike to play a critical role in maintaining grid stability and supporting renewable energy penetration.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.
More about Strike Energy Limited
Strike Energy Limited is a vertically integrated energy company focused on supporting Western Australia’s energy transition. The company leverages its strategically placed assets in the Perth Basin to deliver gas-fired electricity generation and domestic gas supply, aligning with the region’s energy transition demands.
Average Trading Volume: 4,198,599
Technical Sentiment Signal: Sell
Current Market Cap: A$430M
Learn more about STX stock on TipRanks’ Stock Analysis page.