Duratec Should Appeal to Investors Seeking Energy Exposure -- Market Talk

Dow Jones03-23 06:07

2207 GMT - Investors seeking to gain more exposure to the energy industry should consider buying stock in Duratec, says Shaw & Partners. Duratec is building a high-growth, high-margin energy services platform. It aims to capture structural demand across Australia's A$5 billion energy infrastructure maintenance, remediation, and decommissioning market, Shaw says. "The Energy segment is now one of Duratec's most profitable divisions, delivering FY25 revenue growth of 77% and sustaining 29% gross margins into 1H26," analyst Philip Pepe says. "Recent world events improve the outlook." Shaw has a A$2.40/share price target on Duratec, which ended last week at A$2.33. (david.winning@wsj.com; @dwinningWSJ)

 

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March 22, 2026 18:07 ET (22:07 GMT)

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