Australian Worldwide Exploration (AWE) Stock Tip

Aspect Huntley have downgraded their rating for the Australian Worldwide Exploration (AWE) stock to Reduce from Hold. The downgrade in recommendation was based on a reduced valuation down by 8 percent to $2.30 as earnings estimates are lowered. While quarterly sales revenue for the company was a record, Aspect Huntley notes it was below expectations given a lower contribution from subsidiary BassGas.

Australian Worldwide Exploration Limited is listed on the Australian Stock Exchange (ASX) under stock code AWE. You can view their investor website here. The stock was listed on 2 July, 1997 and is involved in oil & gas exploration and appraisal. Check your charts!