Hartleys Research maintained a “buy" rating on Otto Energy and has a 12-month price target of 15¢ on the stock, representing 63 per cent upside from the current share price.
“Otto Energy is unique within our oil and gas universe in that it offers an attractive blend of both cash flow and exploration upside," Hartleys said.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
