Perenti Bull Sees No Shortage of Opportunities in Current Cycle -- Market Talk

Dow Jones

01/27

0151 GMT - It is tough to dismiss mining services contractors like Perenti in the current commodities cycle, says Citi analyst William Park. "There is no shortage of opportunities out there across mining and drilling services, with PRN remaining disciplined when it comes to return hurdles and capital allocation," Park says in a client note. That should underpin a solid 1H result for Perenti, which reports next month, he says. "We expect PRN to reiterate FY26 guidance, improving rig utilization trends with respect to Drilling Services, and provide an update on its CEO succession process," Park says. Citi reiterates a buy rating and a target price of A$3.10 on the stock. Perenti is up 2.4% at A$2.96. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 26, 2026 20:51 ET (01:51 GMT)

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That should underpin a solid 1H result for Perenti, which reports next month, he says. \"We expect PRN to reiterate FY26 guidance, improving rig utilization trends with respect to Drilling Services, and provide an update on its CEO succession process,\" Park says. Citi reiterates a buy rating and a target price of A$3.10 on the stock. Perenti is up 2.4% at A$2.96. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 20:51 ET (01:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Perenti Bull Sees No Shortage of Opportunities in Current Cycle -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPerenti Bull Sees No Shortage of Opportunities in Current Cycle -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-01-27 09:51</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0151 GMT - It is tough to dismiss mining services contractors like Perenti in the current commodities cycle, says Citi analyst William Park. \"There is no shortage of opportunities out there across mining and drilling services, with PRN remaining disciplined when it comes to return hurdles and capital allocation,\" Park says in a client note. That should underpin a solid 1H result for Perenti, which reports next month, he says. \"We expect PRN to reiterate FY26 guidance, improving rig utilization trends with respect to Drilling Services, and provide an update on its CEO succession process,\" Park says. Citi reiterates a buy rating and a target price of A$3.10 on the stock. Perenti is up 2.4% at A$2.96. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 20:51 ET (01:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRN.AU","symbol_name":"PERENTI LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2606527538","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606527538","pubTimestamp":1769478660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0151 GMT - It is tough to dismiss mining services contractors like Perenti in the current commodities cycle, says Citi analyst William Park. \"There is no shortage of opportunities out there across mining and drilling services, with PRN remaining disciplined when it comes to return hurdles and capital allocation,\" Park says in a client note. That should underpin a solid 1H result for Perenti, which reports next month, he says. \"We expect PRN to reiterate FY26 guidance, improving rig utilization trends with respect to Drilling Services, and provide an update on its CEO succession process,\" Park says. Citi reiterates a buy rating and a target price of A$3.10 on the stock. Perenti is up 2.4% at A$2.96. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRN.AU":"PERENTI LTD","BK7095":"多种金属与采矿"},"translate_title":"Perenti Bull认为当前周期不乏机会——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRN.AU":0.9},"content_text":"0151 GMT - It is tough to dismiss mining services contractors like Perenti in the current commodities cycle, says Citi analyst William Park. \"There is no shortage of opportunities out there across mining and drilling services, with PRN remaining disciplined when it comes to return hurdles and capital allocation,\" Park says in a client note. That should underpin a solid 1H result for Perenti, which reports next month, he says. \"We expect PRN to reiterate FY26 guidance, improving rig utilization trends with respect to Drilling Services, and provide an update on its CEO succession process,\" Park says. Citi reiterates a buy rating and a target price of A$3.10 on the stock. Perenti is up 2.4% at A$2.96. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 26, 2026 20:51 ET (01:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}