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The latest update is out from Bhagwan Marine Ltd. ( (AU:BWN) ).
Bhagwan Marine Limited has announced a two-year extension of its contract with Jadestone Energy and Vermilion Energy, valued at approximately AUD $25 million. This extension will continue the deployment of Bhagwan’s CMV Athos vessel to support operations at the Stag and Wandoo platforms in the Carnarvon Basin, reflecting the strength of Bhagwan’s partnerships and its fleet’s capability to meet rising demand for larger vessels. The extension underscores Bhagwan’s operational excellence and positions the company strongly within the offshore project support sector.
The most recent analyst rating on (AU:BWN) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Bhagwan Marine Ltd. stock, see the AU:BWN Stock Forecast page.
More about Bhagwan Marine Ltd.
Bhagwan Marine is Australia’s largest listed marine solutions company, serving the offshore energy, subsea, ports & inshore, and defence sectors. The company boasts a diverse and multi-functional fleet and is the largest in-house marine crewing provider in Australia, employing over 1,000 skilled professionals. Bhagwan Marine is recognized for its strong safety culture and operational excellence, maintaining long-standing partnerships with major energy and mining companies, construction firms, and government agencies.
Average Trading Volume: 461,690
Technical Sentiment Signal: Buy
Current Market Cap: A$150M
See more insights into BWN stock on TipRanks’ Stock Analysis page.