Close menu




January 13th, 2022 | 12:45 CET

TeamViewer, Saturn Oil + Gas, BP - Target price USD 100

  • Oil
Photo credits: pixabay.com

Oil prices continue to rise. A barrel of Brent currently costs USD 84.32 and is thus on the verge of breaking through a double top formation from the highs of 2018 and 2021. A breakout would generate a fresh buy signal, the target range of which already lies beyond the USD 100 mark. Underpinned by an easing of the Corona situation and an unexpected onset of winter in the US, a new 10-year high at USD 122.88 could even beckon. The primary beneficiaries of this inflationary development are once again the oil producers.

time to read: 3 minutes | Author: Stefan Feulner
ISIN: TEAMVIEWER AG INH O.N. | DE000A2YN900 , Saturn Oil + Gas Inc. | CA80412L8832 , BP PLC DL-_25 | GB0007980591

Table of contents:


    Saturn Oil & Gas - Opportunity seized

    Rising demand is meeting with low supply, thus reducing the nationwide crude oil stocks in the US. Investors took the news from the American Petroleum Institute (API) and bought oil contracts, which brought the price back to its highs for the year after a short and sharp correction. Canadian oil producer Saturn Oil & Gas was spot on with its strategy of the past year. With the purchase of the Oxbow properties in the Canadian province of Saskatchewan, the production capacity was increased twenty-fold to 7,000 barrels per day, which corresponds to a daily turnover of USD 487,000.

    The milestone in the development already became clear when the Q3 figures were announced. Saturn Oil & Gas increased its operating cash flow by more than a factor of 13 to CAD 13.9 million compared to the same period last year, which corresponds to a cash flow of CAD 0.55 per share. Currently, the entire company is worth just under CAD 90 million on the stock exchange, and the share price is CAD 3.49.

    For the experts of the analysis house GBC AG a clear undervaluation of the share is present here. The maturity of the Oxbow asset and the low decline rate of 12% give Saturn Oil & Gas flexibility for future investments writes analyst Julien Desrosier in an available study. The analyst upgrades the price target from CAD 9.20 to CAD 12.17 after the announcement of the figures, and the investment rating is BUY!

    TeamViewer - Some relief

    Meanwhile, US bank JP Morgan is positive on TeamViewer's stock, leaving the share at "overweight" and reiterating its price target of EUR 21 after the publication of the quarterly figures. According to analyst Stacy Pollard, the software provider showed an unexpectedly solid performance in the fourth quarter. However, a more substantial share price recovery would require similar operational developments in the coming quarters.

    Investors also reacted to the presentation of the preliminary figures with buy orders, pushing TeamViewer shares, which had been badly battered recently, up by around 17% to EUR 13.55. At least the announced savings program showed an effect, according to which the forecasts, which had been revised downwards twice this year, could be met. Earnings before interest, taxes, depreciation and amortization adjusted for special effects are expected to be between EUR 254 million and EUR 257 million in 2021, which means a margin of around 47% in sales billed (billings). Billings increased by 19% to around EUR 548 million in the year as a whole.

    The Goeppingen-based company will provide detailed information on the full year on February 2. The preliminary figures are solid, and the stock market's reaction after a long bearish valuation is normal. Possible short-coverings could also have further strengthened the price gains. However, in the long term, TeamViewer must regain investor confidence with further solid figures. We are skeptical that the short-term effects of the cost-cutting programs will continue to have a positive long-term impact. In addition, another negative surprise could be the decline in billings. Thus, the party mood could quickly evaporate.

    BP - Further in the height rapture

    The enormously rising oil prices are grist to the mills of the large oil producers such as BP. At GBP 381, the oil giant stands at its annual high and is about to break through the resistance area at GBP 400. Lydia Rainforth, an analyst at the British Barclays Bank, believes this will happen and has raised the price target from the current 500 to 700 British pence. The expert's verdict is "overweight".

    In addition, the British have confidence in their own company. According to the oil multinational, it intends to acquire its own share certificates on the stock exchange for up to USD 500 million by February 7. The program is intended to reduce the outstanding share capital to compensate for the dilutive effects of employee share programs.


    Oil prices are booming and are attacking the psychologically important USD 100 mark. Producers such as BP and Saturn Oil & Gas are the primary beneficiaries. TeamViewer is also in a celebratory mood after the announcement of its figures. It remains to be seen how long the party will last.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author



    Related comments:

    Commented by Stefan Feulner on September 26th, 2022 | 12:57 CEST

    Hypoport, Saturn Oil + Gas, Deutsche Bank - Hard-hitting announcements from analysts

    • Mining
    • Oil
    • Investments
    • Inflation

    Due to uncertainties in the global economy with fears of recession, blown supply chains coupled with rampant inflation, it is becoming increasingly difficult for companies to maintain their forecasts. The latest example is battery maker Varta, which withdrew its full-year estimates altogether due to increased production costs. Analysts reacted with downgrades. In contrast, despite recent corrections, most financial experts are optimistic for the long term, especially for the commodities sector.

    Read

    Commented by Armin Schulz on September 21st, 2022 | 10:28 CEST

    BP, Saturn Oil + Gas, Shell - Oil stocks benefit from the colder season

    • Mining
    • Oil
    • Gas
    • Investments

    There was a lot of news relevant to the oil price in September. Earlier in the month, Gazprom announced it would no longer send gas through Nord Stream 1 due to an oil leak. Shortly thereafter, the G7 countries decided on a price cap for Russian oil to take effect in December. OPEC announced on September 5 that it would cut production. The reason given was fear of an economic slowdown. The EU also decided on various measures to cope with the energy shortage, including a solidarity contribution by companies for fossil fuels to support socially vulnerable households. Even though the oil price has softened somewhat recently due to recession fears, the seasonalities show that the price will likely pick up again in December. Winter is creating additional demand for oil.

    Read

    Commented by André Will-Laudien on September 12th, 2022 | 13:25 CEST

    Fuel price explosion: 200% jump in profits for stocks - BP, Saturn Oil + Gas, Shell, BYD

    • Mining
    • Oil
    • Gas

    Energy consumption in Europe is currently declining slightly, partly due to the new savings mentality, especially in Germany, but also to a weighty extent due to a slowdown in economic momentum. In their latest estimates, the German research institutes have also made clear reductions; expectations for 2022 are now only just in the black, and a recession could be on the cards next year. That would not be surprising, as the consumer has to bear inflation rates of an official 7-10%, which cannot be compensated for on the revenue side. The obvious winners so far are the big oil multinationals because they do not have to do anything but sell the oil they produce at a high price. Where are the opportunities for investors?

    Read