Hartleys Research maintained its “buy" recommendation on Pacific Energy with a 12-month target price of 59¢, and said it appeared the company could begin to pay out a higher proportion of profits as dividends.
“The company revised up guidance for FY14 EBITDA from $31-33 million to $32-$34 million," Hartleys noted.
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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.
