Natural gas giant BG Group (LON:BG.) received a thumbs up from broker Jefferies despite continued uncertainty surrounding Egypt.
The company gets a 'buy' rating and a target price of 1,700p from the US firm.
The global firm depends on Egypt for around a fifth of its production and relies on revenue from that to fund exploration in Brazil and Australia.
The country has been undergoing intense upheaval since a military coup removed president Mohammed Morsi earlier this month.
Jefferies analyst Brendan Warn said the broker continues to believe, if Egypt remains intact, that BG can achieve financial strength and positive free cash flows by 2015, supported by delivering two key assets: QCLNG in Australia and pre-salt Santos Basin in Brazil.
"While near-term focus has been on Egypt and the risks to profitability of the LNG (liquefied natural gas) segment, BG has reiterated its LNG operating profit guidance of US$2.5 to US$2.7bn for 2013.
This guidance is subject to a reduction in Egyptian domestic gas diversions by the third quarter of 2013 and the receipt of two cargoes from Qatar, and also no further disruptions in Nigeria, the analyst pointed out.
BG Group shares rose 0.21% on Monday.