0032 GMT - Strike Energy's low equity valuation baffles Euroz Hartleys, which sees a "compelling value opportunity" for investors. Strike Energy is down 3% today at A$0.16, trading near multi-year lows and at a deep discount to Euroz Hartleys's A$0.36/share price target. "Upcoming catalysts, including the appointment of a new CEO and the outcomes of the strategic review, are expected to provide much-needed clarity and could drive a near-term re-rating," says analyst Declan Bonnick. Strike aims to complete the strategic review in 2Q and appoint a new CEO in mid-May. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 28, 2025 20:32 ET (00:32 GMT)
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