Australia's Boss Energy rises, Jefferies lifts PT on Honeymoon ops' production glow

Boss Energy

19/06/2025 01:52

Updates with share moves

 ** Shares of Boss Energy BOE.AX rise as much as 1.9% to A$4.750, their highest level since June 3

 ** Stock set for a fourth consecutive session of gains

** Jefferies raises PT, seeing "glow" as Honeymoon ops in South Australia meet first-year production outlook

** Upgrades price target to A$5.50 from A$4.50; keeps "buy" rating

** Highlights this as evidence of management's execution credibility, building momentum as ops enters the next ramp-up phase

** "We are increasingly confident about the medium-term outlook" — Jefferies

** Sees organic as well as inorganic growth opportunities, capitalising on rising earnings exposure from Honeymoon ops

** YTD, BOE is up 92.6% including current session

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))