Jørgen Lian
EUR 88.78 For Business Accounts Only

Hunter Group (Hold, TP: NOK3.30) - Back to black

Following the Q3 results, we have made minor changes to our estimates, as both the results and updated charter rate guidance were largely in line with expectations. Current spot rates of USD22k/day should see the company’s results return to the black, as our estimates imply that the worst is behind us. We reiterate our HOLD and NOK3.3 target price.
Hunter Group ASA

Hunter Group is developing the Badger Explorer, a revolutionary technology for exploration and verification of hydrocarbon prospects, without the risks, cost and complexity of drilling an exploration well with a rig. The Badger Explorer tool acquires exploration data as it drills, and once installed at its target depth, can continue to monitor subsurface parameters to enhance development and production activities.

DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.


Jørgen Lian

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