First Berlin reiterates Buy on Deutsche Rohstoff, lifts price target to EUR 115
Reuters2026/08/10 13:04- First Berlin reiterated a Buy on Deutsche Rohstoff, lifting its 12-month target price to EUR 115 from EUR 105.
- The update follows stronger-than-expected output from new wells, prompting an expansion of the 2026 drilling plan to 32 gross wells from 26.
- 2026 capex guidance rose to EUR 310 million-EUR 330 million from EUR 220 million-EUR 230 million.
- 2026 production guidance increased to 18,500-20,000 boepd from 17,000-18,000 boepd; revenue guidance lifted to EUR 300 million-EUR 320 million.
- First Berlin raised 2026 EBITDA guidance to EUR 380 million-EUR 400 million; H1 results due Aug. 19 include a EUR 15 million Colorado impairment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants such as Goldman Sachs (GS.US) and Morgan Stanley (MS.US) are pressuring law firms to lower fees, aiming to share the efficiency dividends brought by AI.
Goldman Sachs, Morgan Stanley, and Citigroup have informed law firms that, as artificial intelligence (AI) technology has made routine work more efficient, legal fees charged by law firms should also decrease.
Nynomic unit m-u-t wins upper single-digit million gas measurement order from utility customer
Prostatype Genomics opens warrant exercise at SEK 0.1 per share
Crypto prices
More
