In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on Comet Ridge Ltd (COI – Research Report), with a price target of A$0.23. The company’s shares closed today at A$0.13.

According to TipRanks, Prendergast is a 5-star analyst with an average return of 13.1% and a 54.94% success rate. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy Limited, Karoon Energy Ltd, and Cooper Energy Limited.

Comet Ridge Ltd has an analyst consensus of Moderate Buy, with a price target consensus of A$0.21.

Based on Comet Ridge Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of A$1.43 thousand. In comparison, last year the company had a GAAP net loss of A$2.9 million