Friday, November 2, 2012
Exelon (EXC) (BRY) (WPX) (FM) (MTL) (PEC) (PGN) Ratings Changes
Exelon Co. (EXC), Berry Petroleum Comp (BRY), WPX ENERGY INC (WPX), First Quantum Minerals Limited (FM), Mechel (MTL), Porto Energy Corp. (PEC) and Progress Energy (PGN) had ratings on them adjusted by analysts.
Jefferies Group downgraded Exelon Co. (EXC) from a "Buy" rating to a "Hold" rating. They have a price target of $34.00 on the company.
Haywood Securities downgraded First Quantum Minerals Limited (FM) from a "Sector Perform" rating to an "Underperform' rating.
JPMorgan Chase downgraded Mechel (MTL) from an "Overweight" rating to a "Neutral" rating.
Jennings Capital downgraded Porto Energy Corp. (PEC) from a "Speculative Buy" rating to a "Hold" rating. They have a price target of $0.10 on the company.
GMP Securities downgraded Progress Energy (PGN) from a "Buy" rating to a "Hold" rating.
Barrington Research downgraded Berry Petroleum Comp (BRY) from a "Outperform" rating to a "Market Perform" rating. They have a price target of $39.00 on the company.
Susquehanna upgraded WPX ENERGY INC (WPX) from a "Negative" rating to a "Neutral" rating.
Wednesday, September 5, 2012
Oil Stockpiles Drop 7.2 Million Barrels
Oil stockpiles in the U.S. plunged 7.2 million barrels last week, according to the American Petroleum Institute, pushing up oil prices for the second day in a row.
The drop in inventories was the most occurring in the U.S. in five weeks.
Hurricane Isaac, according to a report from the Energy Department, could result in a decline of 4.95 million barrels. Just under 50 percent of oil production and 26 percent of natural gas production remains shut down as a result of the storm.
As for gasoline stockpiles, it was down 2.3 million barrels last week, said the American Petroleum Institute. Some analysts believe it's close to being 3 million barrels lower.
Oil for October delivery climbed as high as $96.06 a barrel on the New York Mercantile Exchange, a gain of 70 cents. Brent oil for October dropped $1.09, or 1 percent, to $113.09 a barrel on the ICE Futures Europe exchange, based in London.
Exxon Mobil (XOM) closed Wednesday at $87.33, gaining $0.21, or 0.24 percent. ConocoPhillips (COP) ended the session at $54.87, falling 1.34, or 2.38 percent. Chevron (CVX) closed at $110.77, down $0.45, or 0.40 percent.
The drop in inventories was the most occurring in the U.S. in five weeks.
Hurricane Isaac, according to a report from the Energy Department, could result in a decline of 4.95 million barrels. Just under 50 percent of oil production and 26 percent of natural gas production remains shut down as a result of the storm.
As for gasoline stockpiles, it was down 2.3 million barrels last week, said the American Petroleum Institute. Some analysts believe it's close to being 3 million barrels lower.
Oil for October delivery climbed as high as $96.06 a barrel on the New York Mercantile Exchange, a gain of 70 cents. Brent oil for October dropped $1.09, or 1 percent, to $113.09 a barrel on the ICE Futures Europe exchange, based in London.
Exxon Mobil (XOM) closed Wednesday at $87.33, gaining $0.21, or 0.24 percent. ConocoPhillips (COP) ended the session at $54.87, falling 1.34, or 2.38 percent. Chevron (CVX) closed at $110.77, down $0.45, or 0.40 percent.
Thursday, July 12, 2012
Oil Supported By QE3 Probability
With most investors believing it's inevitable that Ben Bernanke will institute another round of quantitative easing, it has helped support oil prices which otherwise would probably drop much further than the support it has found in the mid $80 a barrel range.
That has also helped shore up the price of other commodities as well, which would have otherwise plummeted even worse than they have been.
Add to that the enormous upward move of the U.S. dollar, weakening China and Brazil, along with devastated Europe, and you see how the price of commodities, outside of agriculture, should be dropping much more than they have.
But the bears have to be careful after learning from the past that Ben Bernanke's propensity to print money is insatiable, and it's only a matter of when he'll do it again, not if he's going to do it.
That's the great uncertainty in the market which keeps support under oil and other commodity prices. And that's even when everyone knows over the long haul more stimulus won't help the economy at all, but it will give a short-term psychological boost, which will push up the prices of many commodities.
Another support for commodities is in regard to the decision by European leaders to commit to taking further steps to shore up the system. While there are still no particulars there, it remains in the back of the mind of bears who would love to short the market even more, but could easily get hit hard if the Federal Reserve stimulates and Europe clarifies what steps it plans on taking going forward. Those elements, more than anything else, are keeping the price of oil from plummeting to below $50 a barrel at this time.
Unwillingness to bet against the probability of another round of quantitative easing is what's standing between the free fall of the price of most commodities.
That's why with oil the price will probably remain in the $80s until more clarity is revealed.
The next important moment is when Ben Bernanke addresses Congress next week about the state of the economy. Traders and investors will listen closely for any clue on which way things may go in the short term.
That has also helped shore up the price of other commodities as well, which would have otherwise plummeted even worse than they have been.
Add to that the enormous upward move of the U.S. dollar, weakening China and Brazil, along with devastated Europe, and you see how the price of commodities, outside of agriculture, should be dropping much more than they have.
But the bears have to be careful after learning from the past that Ben Bernanke's propensity to print money is insatiable, and it's only a matter of when he'll do it again, not if he's going to do it.
That's the great uncertainty in the market which keeps support under oil and other commodity prices. And that's even when everyone knows over the long haul more stimulus won't help the economy at all, but it will give a short-term psychological boost, which will push up the prices of many commodities.
Another support for commodities is in regard to the decision by European leaders to commit to taking further steps to shore up the system. While there are still no particulars there, it remains in the back of the mind of bears who would love to short the market even more, but could easily get hit hard if the Federal Reserve stimulates and Europe clarifies what steps it plans on taking going forward. Those elements, more than anything else, are keeping the price of oil from plummeting to below $50 a barrel at this time.
Unwillingness to bet against the probability of another round of quantitative easing is what's standing between the free fall of the price of most commodities.
That's why with oil the price will probably remain in the $80s until more clarity is revealed.
The next important moment is when Ben Bernanke addresses Congress next week about the state of the economy. Traders and investors will listen closely for any clue on which way things may go in the short term.
Wednesday, July 11, 2012
Chevron (CVX) Says Q2 Profits Will Surpass Prior Quarter
Profits for the second quarter will surpass the first quarter, according to Chevron Corp. (CVX), citing better margins from its refining operations.
Refining margins climbed higher than the previous quarter, rising to $4 a barrel to $24.89, while West Coast margins rose to $21.32 a barrel
Oil and gas production in the U.S. also improved for the quarter, jumping an average of 665,000 barrels per day during April and May, up from the 651,000 barrels per day average in the first quarter. The increase was largely a result of increased production in the Gulf of Mexico.
Globally oil equivalent production dropped from 2.63 million bpd in the first quarter to 2.62 million bpd in the latest quarter. That is falling below it projected average for 2012 of 2.68 million bpd.
The declining global production was the consequence of the ongoing "shut-in of production at the Frade field in Brazil and planned maintenance in Kazakhstan contributed to the majority of the decline," said the energy giant.
A report will be released next week by Brazil's oil regulator on the causes of the oil spill which shut down Frade since March. That lowered Chevron's production by 30,000 bpd.
Chevron closed Wednesday at $104.85, up $0.97, or 0.93 percent.
Refining margins climbed higher than the previous quarter, rising to $4 a barrel to $24.89, while West Coast margins rose to $21.32 a barrel
Oil and gas production in the U.S. also improved for the quarter, jumping an average of 665,000 barrels per day during April and May, up from the 651,000 barrels per day average in the first quarter. The increase was largely a result of increased production in the Gulf of Mexico.
Globally oil equivalent production dropped from 2.63 million bpd in the first quarter to 2.62 million bpd in the latest quarter. That is falling below it projected average for 2012 of 2.68 million bpd.
The declining global production was the consequence of the ongoing "shut-in of production at the Frade field in Brazil and planned maintenance in Kazakhstan contributed to the majority of the decline," said the energy giant.
A report will be released next week by Brazil's oil regulator on the causes of the oil spill which shut down Frade since March. That lowered Chevron's production by 30,000 bpd.
Chevron closed Wednesday at $104.85, up $0.97, or 0.93 percent.
Monday, June 25, 2012
Buy Encana (ECA) Says Nenner
In an interview on Breakout, Charles Nenner gave his input on the price movements of oil and natural gas, where he sees the recent roles being reversed as oil continues to drop in price while natural gas has jumped from $1.80 about a month ago to $2.70 now. Nenner was very close to calling that exact, where he saw natural gas dropping to $1.70 before it rebounded.
From the end of April, oil has plummeted over 20 percent, while natural gas has climbed over 30 percent during the same period.
Going forward, Nenner, who tracks momentum and cycles in the two industries, said he doesn't see crude stopping it decline until November, where sees it going to as low as $68 a barrel. It makes one wonder if the Obama administration isn't manipulating the markets, as it is voting time right when oil is supposed to hit that level.
It also makes one wonder why natural gas is soaring, as that will ultimately be a positive for the anemic and sometimes unethical, so-called green energy sector, as it'll make it more competitive with natural gas, which has drawn much of the shine away from those boondoggles surrounding the very expensive alternative energy sources.
For natural gas, he sees it staying weak into the latter part of July before continuing to climb in price. In other words, traders and investors still have an opportunity to get in on natural gas before it continues to climb.
If you're not buying natural gas futures, Nenner recommends Encana Corp. (NYSE: ECA) as his top stock pick in the sector. He recommends waiting until July to get into it.
Nenner doesn't see oil picking back up until November.
Encana closed at $19.40, dropping $0.82, or 4.13 percent.
From the end of April, oil has plummeted over 20 percent, while natural gas has climbed over 30 percent during the same period.
Going forward, Nenner, who tracks momentum and cycles in the two industries, said he doesn't see crude stopping it decline until November, where sees it going to as low as $68 a barrel. It makes one wonder if the Obama administration isn't manipulating the markets, as it is voting time right when oil is supposed to hit that level.
It also makes one wonder why natural gas is soaring, as that will ultimately be a positive for the anemic and sometimes unethical, so-called green energy sector, as it'll make it more competitive with natural gas, which has drawn much of the shine away from those boondoggles surrounding the very expensive alternative energy sources.
For natural gas, he sees it staying weak into the latter part of July before continuing to climb in price. In other words, traders and investors still have an opportunity to get in on natural gas before it continues to climb.
If you're not buying natural gas futures, Nenner recommends Encana Corp. (NYSE: ECA) as his top stock pick in the sector. He recommends waiting until July to get into it.
Nenner doesn't see oil picking back up until November.
Encana closed at $19.40, dropping $0.82, or 4.13 percent.
Friday, June 22, 2012
Key Energy (KEG) (BCEI) (CLD) (SYRG) (WFT) (PGH) Ratings, Price Targets
Key Energy (KEG), Bonanza Creek Energy Inc (BCEI), Cloud Peak Energy (CLD), Synergy Resources (SYRG), Weatherford (WFT) and Pengrowth Energy Trust (PGH) had ratings and price targets on them adjusted by analysts.
Wunderlich Securities initiated coverage on Bonanza Creek Energy (BCEI). They placed a "Buy" rating and price target of $29.00 on the company.
JPMorgan Chase (NYSE:JPM) initiated coverage on Cloud Peak Energy (CLD). They placed a "Neutral" rating and price target of $16.00 on the company.
Wunderlich Securities initiated coverage on Synergy Resources (SYRG). They placed a "Buy" rating and price target of $5.00 on the company.
Macquarie initiated coverage on Weatherford (WFT). They placed an "Outperform" rating on the company.
Raymond James (NYSE:RJF) downgraded Pengrowth Energy Trust (PGH) from an "Outperform" rating to a "Market Perform" rating.
FBR Capital downgraded Key Energy (KEG) from an "Outperform" rating to a "Market Perform" rating. They lowered their price target on the company from $18.00 to $9.00.
Wunderlich Securities initiated coverage on Bonanza Creek Energy (BCEI). They placed a "Buy" rating and price target of $29.00 on the company.
JPMorgan Chase (NYSE:JPM) initiated coverage on Cloud Peak Energy (CLD). They placed a "Neutral" rating and price target of $16.00 on the company.
Wunderlich Securities initiated coverage on Synergy Resources (SYRG). They placed a "Buy" rating and price target of $5.00 on the company.
Macquarie initiated coverage on Weatherford (WFT). They placed an "Outperform" rating on the company.
Raymond James (NYSE:RJF) downgraded Pengrowth Energy Trust (PGH) from an "Outperform" rating to a "Market Perform" rating.
FBR Capital downgraded Key Energy (KEG) from an "Outperform" rating to a "Market Perform" rating. They lowered their price target on the company from $18.00 to $9.00.
Friday, June 1, 2012
Exxon (XOM) Receives Approval for Hebron
Exxon Mobil (NYSE: XOM) received approval from Labrador Offshore Petroleum Board and Newfoundland to proceed with plans to develop the Hebron oil field. The field is located off Newfoundland, Canada.
Partners with Exxon in the endeavor include Chevron (NYSE: CVX), with a 26.7 percent interest; Suncor Energy (NYSE: SU), with 22.7 percent; and Statoil ASA (NYSE: STO), with 9.7 percent. Exxon has a 36 percent stake in the field.
Locally, Energy Corporation of Labrador and Newfoundland has a 4.9 percent stake in the venture.
Production at the field is expected to average approximately 150,000 barrels a day, although it could rise as high as 180,000 barrels a day.
There are an estimate 707 million barrels of oil located in the Hebron oil field.
Partners with Exxon in the endeavor include Chevron (NYSE: CVX), with a 26.7 percent interest; Suncor Energy (NYSE: SU), with 22.7 percent; and Statoil ASA (NYSE: STO), with 9.7 percent. Exxon has a 36 percent stake in the field.
Locally, Energy Corporation of Labrador and Newfoundland has a 4.9 percent stake in the venture.
Production at the field is expected to average approximately 150,000 barrels a day, although it could rise as high as 180,000 barrels a day.
There are an estimate 707 million barrels of oil located in the Hebron oil field.
Monday, May 21, 2012
Chesapeake (CHK) (XOM) (CVX) Climb on Oil Prices, Natural Gas Demand
A number of energy companies enjoyed moves into positive territory today, including Chesapeake Energy (CHK), Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), which were all up on stronger oil prices and a perceived increase in demand for natural gas as a streak of warmer weather approaches.
Shares of energy companies have been getting hit hard as of late, with 12 of the last 13 trading session has shares in the companies down.
The NYSE Arca Natural Gas Index, the NYSE Arca Oil Index, and the Philadelphia Oil Service Index were all trading positive in mid-day action.
Electrical utilities have been changing from coal use to cheaper natural gas, which has helped the beleaguered fuel source get some strength to it.
Oil prices rose to over $92 a barrel, jumping $.62 a barrel a little before noon.
BP (NYSE: BP), Nabors Industries (NYSE: NBR) and Valero Energy Corp. (NYSE: VLO) were all trading much stronger in response to positive signals.
Shares of energy companies have been getting hit hard as of late, with 12 of the last 13 trading session has shares in the companies down.
The NYSE Arca Natural Gas Index, the NYSE Arca Oil Index, and the Philadelphia Oil Service Index were all trading positive in mid-day action.
Electrical utilities have been changing from coal use to cheaper natural gas, which has helped the beleaguered fuel source get some strength to it.
Oil prices rose to over $92 a barrel, jumping $.62 a barrel a little before noon.
BP (NYSE: BP), Nabors Industries (NYSE: NBR) and Valero Energy Corp. (NYSE: VLO) were all trading much stronger in response to positive signals.
Friday, May 18, 2012
Peabody Energy (BTU) Leases Over 400 Million Tons of Coal
The bid by Peabody Energy Corp. (NYSE: BTU) of $1.11 per mineable ton of sulfur coal was enough to land it control over 402 million tons of ultra low sulfur coal reserves located in Wyoming.
The leased tons are in Southern Powder River Basin in Wyoming, which is next to the North Antelope Rochelle Mine the coal giant operates.
Also close to the mine is the North Porcupine region which Peabody will bid upon in the second quarter. At this time the company 3.3 billion tons of coal reserves in the area.
With the Obama administration attack on the coal industry, it has put enormous pressure on coal companies, including Peabody, which closed Friday at $24.77, falling $1.19, or 4.77 percent. That's over a dollar below the 52-week low of $24.73.
The leased tons are in Southern Powder River Basin in Wyoming, which is next to the North Antelope Rochelle Mine the coal giant operates.
Also close to the mine is the North Porcupine region which Peabody will bid upon in the second quarter. At this time the company 3.3 billion tons of coal reserves in the area.
With the Obama administration attack on the coal industry, it has put enormous pressure on coal companies, including Peabody, which closed Friday at $24.77, falling $1.19, or 4.77 percent. That's over a dollar below the 52-week low of $24.73.
Thursday, May 17, 2012
Chesapeake (CHK) Abandoned by Major Investment Funds
According to regulatory filings, Chesapeake Energy Corp. (NYSE: CHK) has had a number of investment funds funds sell off huge portions of their stakes in the company.
Chesapeake has been under fire and pressure for a long time on the outrageous amount of debt it has incurred, resulting in the need to either sell of quality assets at below market levels, or to tap into more debt in hopes of riding out the natural gas market in hopes prices will rise, or colder winters are on the horizon.
Many funds sold of all, or close to all of their holdings in Chesapeake, including Highbridge Capital Management LLC, which sold all its holdings in the company; Two Sigma Investments LLC sold 98 percent of its holdings, while S.A.C. Capital Advisors LP sold off 91 percent of the shares it held in the company.
Others selling off over half of their stakes in Chesapeake include Millennium Management LLC, which sold 86 percent of their stake in the natural gas giant; OZ Management LLC slashed its holdings by 64 percent; Fidelity Management & Research Co. cut the amount of shares it held in Chesapeake by 59 percent; and Adage Capital Advisors LLC got rid of 57 percent of the shares it held in Chesapeake.
Chesapeake closed at $13.58, down $0.46, or 3.28 percent.
Chesapeake has been under fire and pressure for a long time on the outrageous amount of debt it has incurred, resulting in the need to either sell of quality assets at below market levels, or to tap into more debt in hopes of riding out the natural gas market in hopes prices will rise, or colder winters are on the horizon.
Many funds sold of all, or close to all of their holdings in Chesapeake, including Highbridge Capital Management LLC, which sold all its holdings in the company; Two Sigma Investments LLC sold 98 percent of its holdings, while S.A.C. Capital Advisors LP sold off 91 percent of the shares it held in the company.
Others selling off over half of their stakes in Chesapeake include Millennium Management LLC, which sold 86 percent of their stake in the natural gas giant; OZ Management LLC slashed its holdings by 64 percent; Fidelity Management & Research Co. cut the amount of shares it held in Chesapeake by 59 percent; and Adage Capital Advisors LLC got rid of 57 percent of the shares it held in Chesapeake.
Chesapeake closed at $13.58, down $0.46, or 3.28 percent.
Fracking Banned in Irrelevant Vermont
In a bizarre and ignorant move by Democrat Gov. Peter Shumlin of Vermont, he signed a strange law which bans hydraulic fracturing in the state, even though there is pretty much no known gas or oil underneath the Vermont ground.
The law is strange for that very reason, as the nutty governor added this: "I hope other states will follow us. The science on fracking is uncertain at best. Let the other states be the guinea pigs. Let the Green Mountain State preserve its clean water, its lakes, its rivers and its quality of life."
This is such a cowardly act it is odd that it was even employed as an attempted tactic to sway other states to take similar actions.
How hard is it to ban something that has absolutely no political cost or fallout because it doesn't exist in the state?
If it would have brought in tax revenue and created jobs for those in Vermont, you wouldn't have seen the governor blabbing his mouth and uttering contradictions in the confusing way he did.
Out of one side of his mouth he said other states with huge energy resources should follow Vermont's lead, while the other side of his mouth he says other states should be the "guinea pigs" for testing fracking.
America's Natural Gas Alliance responded saying the Vermont law was "poor policy that ignores fact, science and technology," adding natural gas is being produced "safely and responsibly."
As for the so-called preservation of quality of life, let's stop selling oil and gas extracted using fracking to Vermont and see what the quality of life people have in the state comes to.
The law is strange for that very reason, as the nutty governor added this: "I hope other states will follow us. The science on fracking is uncertain at best. Let the other states be the guinea pigs. Let the Green Mountain State preserve its clean water, its lakes, its rivers and its quality of life."
This is such a cowardly act it is odd that it was even employed as an attempted tactic to sway other states to take similar actions.
How hard is it to ban something that has absolutely no political cost or fallout because it doesn't exist in the state?
If it would have brought in tax revenue and created jobs for those in Vermont, you wouldn't have seen the governor blabbing his mouth and uttering contradictions in the confusing way he did.
Out of one side of his mouth he said other states with huge energy resources should follow Vermont's lead, while the other side of his mouth he says other states should be the "guinea pigs" for testing fracking.
America's Natural Gas Alliance responded saying the Vermont law was "poor policy that ignores fact, science and technology," adding natural gas is being produced "safely and responsibly."
As for the so-called preservation of quality of life, let's stop selling oil and gas extracted using fracking to Vermont and see what the quality of life people have in the state comes to.
Wednesday, May 16, 2012
Horizontal Drilling Bill Approved by Ohio Senate
New rules for horizontal drilling in Ohio has been approved by the Senate on a bipartisan basis.
This is in response to those who are attempting to slow down drilling in shale in the eastern part of the United States, which would devastate the extraordinary potential for enormous energy deposits, as well as the creation of numerous, good-paying jobs.
Some of the requirements of the bill include companies having to disclose the types of chemicals which would contact the water supplies used by human beings while they were drilling.
Any well that is to be drilled must also have all water wells within 1,500 feet of them tested.
Whether searching for natural gas, natural gas liquids or oil, the companies also must reveal the location they'll draw water from for the purpose of fracking or blasting the shale to require the energy sources. Also required is the volume and rate at which the firms will extract the water.
Ohio Governor John Kasich lauded the bill saying that "Ohio approaches energy production and consumption in a safe and responsible way, while also giving families and job creators access to more affordable energy."
As for concerns over wastewater, Senator Shannon Jones, who sponsored this legislation, said that will be addressed in separate legislation in the future.
This is in response to those who are attempting to slow down drilling in shale in the eastern part of the United States, which would devastate the extraordinary potential for enormous energy deposits, as well as the creation of numerous, good-paying jobs.
Some of the requirements of the bill include companies having to disclose the types of chemicals which would contact the water supplies used by human beings while they were drilling.
Any well that is to be drilled must also have all water wells within 1,500 feet of them tested.
Whether searching for natural gas, natural gas liquids or oil, the companies also must reveal the location they'll draw water from for the purpose of fracking or blasting the shale to require the energy sources. Also required is the volume and rate at which the firms will extract the water.
Ohio Governor John Kasich lauded the bill saying that "Ohio approaches energy production and consumption in a safe and responsible way, while also giving families and job creators access to more affordable energy."
As for concerns over wastewater, Senator Shannon Jones, who sponsored this legislation, said that will be addressed in separate legislation in the future.
Wednesday, April 25, 2012
Exxon (XOM) (CPK) (NGG) (OAS) (SU) (NKA) (HES) Ratings, Price Targets
Exxon Mobil (XOM), Chesapeake Utilities (CPK), National Grid (NGG), Oasis Petroleum Inc. (OAS), Suncor Energy Inc. (SU), Niska Gas Storage (NKA) and Hess (HES) had ratings and price targets on them adjusted by analysts.
Hilliard Lyons upgraded Chesapeake Utilities Corp (CPK) from a "Neutral" rating to a "Long" rating. They have a price target of $45.00 on the company.
Morgan Stanley upgraded National Grid (NGG) to an Overweight" rating.
Stephens upgraded Oasis Petroleum Inc. (OAS) from an "Equal Weight" rating to a "Overweight" rating.
BMO Capital Markets upgraded Suncor Energy Inc. (SU) from a "Market Perform" rating to a "Outperform" rating.
Raymond James upgraded Exxon Mobil (XOM) from a "Market Perform" rating to a "Outperform" rating.
Wells Fargo & Co. upgraded Niska Gas Storage (NKA) from an "Underperform" rating to a "Market Perform" rating.
Raymond James downgraded Hess Corp (HES) from an "Outperform" rating to a "Market Perform" rating.
Hilliard Lyons upgraded Chesapeake Utilities Corp (CPK) from a "Neutral" rating to a "Long" rating. They have a price target of $45.00 on the company.
Morgan Stanley upgraded National Grid (NGG) to an Overweight" rating.
Stephens upgraded Oasis Petroleum Inc. (OAS) from an "Equal Weight" rating to a "Overweight" rating.
BMO Capital Markets upgraded Suncor Energy Inc. (SU) from a "Market Perform" rating to a "Outperform" rating.
Raymond James upgraded Exxon Mobil (XOM) from a "Market Perform" rating to a "Outperform" rating.
Wells Fargo & Co. upgraded Niska Gas Storage (NKA) from an "Underperform" rating to a "Market Perform" rating.
Raymond James downgraded Hess Corp (HES) from an "Outperform" rating to a "Market Perform" rating.
Friday, April 20, 2012
Exxon (XOM) (HAL) (WLT) (CHK) (GPRE) (COP) (TCK) (WLT) Ratings, Price Targets
Exxon Mobil (XOM), Halliburton (HAL), Walter Energy (WLT), Chesapeake Energy (CHK), Green Plains Renewable Energy Inc. (GPRE), ConocoPhillips (COP), Teck Resources Limited (TCK) and Walter Energy (WLT) had ratings and price targets on them adjusted by analysts.
Global Hunter Securities upgraded Halliburton (HAL) from an "Accumulate" rating to a "Buy" rating.
Morgan Stanley upgraded Walter Energy (WLT) from an "Equal Weight" rating to a "Overweight" rating.
Deutsche Bank upgraded Exxon Mobil (XOM) from a "Hold" rating to a "Buy" rating.
Sterne Agee downgraded Chesapeake Energy (CHK) from a "Buy" rating to a "Neutral" rating.
Stephens downgraded Green Plains Renewable Energy Inc. (GPRE) from an "Overweight" rating to an "Equal Weight" rating.
Deutsche Bank downgraded ConocoPhillips (COP) from a "Buy" rating to an "Hold" rating.
Morgan Stanley initiated coverage on Teck Resources Limited (TCK). They placed an "Equal Weight" rating on the company.
Bank of America initiated coverage on Walter Energy (WLT). They placed a "Buy" rating and price target of $75.00 on the company.
Monday, April 16, 2012
Anadarko (APC) (OAS) (CAM) (HAL) (MPC) (RIG) (WLL) Ratings, Price Targets
Anadarko Petroleum (APC), Oasis Petroleum Inc. (OAS), Cameron (CAM), Halliburton (HAL), Marathon Petroleum (MPC), Transocean (RIG) and Whiting Petroleum Co. (WLL) had ratings and price targets on them adjusted by analysts.
CLSA upgraded Anadarko Petroleum (APC) from an "Outperform" rating to a "Buy" rating.
Pritchard upgraded Oasis Petroleum Inc. (OAS) from a "Neutral" rating to a "Buy" rating.
Raymond James downgraded Cameron (CAM) from a "Strong-Buy" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from an "Outperform" rating to a "Market Perform" rating.
Deutsche Bank downgraded Marathon Petroleum (MPC) from a "Buy" rating to a "Hold" rating.
Raymond James downgraded Transocean (RIG) from a "Strong-Buy" rating to a "Market Perform" rating.
CLSA downgraded Whiting Petroleum Co. (WLL) from an "Outperform" rating to a "Buy" rating.
CLSA upgraded Anadarko Petroleum (APC) from an "Outperform" rating to a "Buy" rating.
Pritchard upgraded Oasis Petroleum Inc. (OAS) from a "Neutral" rating to a "Buy" rating.
Raymond James downgraded Cameron (CAM) from a "Strong-Buy" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from an "Outperform" rating to a "Market Perform" rating.
Deutsche Bank downgraded Marathon Petroleum (MPC) from a "Buy" rating to a "Hold" rating.
Raymond James downgraded Transocean (RIG) from a "Strong-Buy" rating to a "Market Perform" rating.
CLSA downgraded Whiting Petroleum Co. (WLL) from an "Outperform" rating to a "Buy" rating.
Wednesday, April 11, 2012
W&T (WTI) (CHK) (CLNE) (NOG) (RECV) (RGP) (SXLP) Ratings, Price Targets
W&T Offshore, Inc. (WTI), Chesapeake Energy (CHK), Clean Energy Fuels Corp. (CLNE), Northern Oil & Gas, Inc. (NOG), Recovery Energy (RECV), Regency Energy Partners LP (RGP) and Signature Exploration and Production (SXLP) had ratings and price targets on them adjusted by analysts.
Pritchard upgraded W&T Offshore, Inc. (WTI) from a "Neutral" rating to a "Buy" rating.
Tudor Pickering downgraded Chesapeake Energy (CHK) from a "Buy" rating to an "Accumulate" rating.
Piper Jaffray initiated coverage on Clean Energy Fuels Corp. (CLNE). They placed a "Neutral" rating and a price target of $20.00 on the company.
Capital One upgraded Northern Oil & Gas, Inc. (NOG). They placed a "Strong-Buy" rating and a price target of $20.00 on the company.
Sidoti initiated coverage on Recovery Energy (RECV). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on Regency Energy Partners LP (RGP). They placed an "Overweight" rating and a price target of $28.00 on the company.
Auriga downgraded Signature Exploration and Production (SXLP). They placed a "Hold" rating and a price target of $51.00 on the company.
Pritchard upgraded W&T Offshore, Inc. (WTI) from a "Neutral" rating to a "Buy" rating.
Tudor Pickering downgraded Chesapeake Energy (CHK) from a "Buy" rating to an "Accumulate" rating.
Piper Jaffray initiated coverage on Clean Energy Fuels Corp. (CLNE). They placed a "Neutral" rating and a price target of $20.00 on the company.
Capital One upgraded Northern Oil & Gas, Inc. (NOG). They placed a "Strong-Buy" rating and a price target of $20.00 on the company.
Sidoti initiated coverage on Recovery Energy (RECV). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on Regency Energy Partners LP (RGP). They placed an "Overweight" rating and a price target of $28.00 on the company.
Auriga downgraded Signature Exploration and Production (SXLP). They placed a "Hold" rating and a price target of $51.00 on the company.
Thursday, April 5, 2012
NRG (NRG) (SLB) (SRE) (CXPO) (EGN) (CVE) (RDS-A) (HES) Ratings, Price Targets
NRG Energy, Inc. (NRG), Schlumberger (SLB), Sempra Energy (SRE), Crimson Exploration (CXPO), Energen (EGN), Cenovus Energy (CVE), Royal Dutch Shell (RDS-A) and Hess (HES) had ratings and price targets on them adjusted by analysts.
Sterne Agee upgraded Schlumberger (SLB) from a "Neutral" rating to a "Buy" rating. $93.00
RBC Capital upgraded Sempra Energy (SRE) from a "Sector Perform" rating to a "Outperform" rating.
Macquarie upgraded NRG Energy, Inc. (NRG) from a "Neutral" rating to an "Outperform" rating.
MLV & Co initiated coverage on Crimson Exploration (CXPO). They have a "Buy" rating and a price target of $5.50 on the company.
Sterne Agee initiated coverage on Energen (EGN). They have a "Buy" rating and a price target of $60.00 on the company.
CIBC upgraded Cenovus Energy (CVE) from a "Sector Perform" rating to a "Outperform" rating.
Tudor Pickering upgraded Royal Dutch Shell (RDS-A) to a "Buy" rating.
Tudor Pickering upgraded Hess (HES) from a "Buy" rating to an "Accumulate" rating.
Sterne Agee upgraded Schlumberger (SLB) from a "Neutral" rating to a "Buy" rating. $93.00
RBC Capital upgraded Sempra Energy (SRE) from a "Sector Perform" rating to a "Outperform" rating.
Macquarie upgraded NRG Energy, Inc. (NRG) from a "Neutral" rating to an "Outperform" rating.
MLV & Co initiated coverage on Crimson Exploration (CXPO). They have a "Buy" rating and a price target of $5.50 on the company.
Sterne Agee initiated coverage on Energen (EGN). They have a "Buy" rating and a price target of $60.00 on the company.
CIBC upgraded Cenovus Energy (CVE) from a "Sector Perform" rating to a "Outperform" rating.
Tudor Pickering upgraded Royal Dutch Shell (RDS-A) to a "Buy" rating.
Tudor Pickering upgraded Hess (HES) from a "Buy" rating to an "Accumulate" rating.
Monday, April 2, 2012
Halliburton (HAL) (HERO) (RIG) (HFC) (CXO) (CVE) (KEG) (NOV) Ratings, Price Targets
Halliburton (HAL), Hercules Offshore, Inc. (HERO), Transocean (RIG), HollyFrontier (HFC), Concho Resources Inc. (CXO), Cenovus Energy (CVE), Key Energy (KEG) and National-Oilwell Varco, Inc. (NOV) had ratings and price targets on them adjusted by analysts.
Howard Weil downgraded Halliburton (HAL) from an "Outperform" rating to a "Market Perform" rating. $43.00
CLSA upgraded Hercules Offshore, Inc. (HERO) from an "Underperform" rating to a "Buy" rating.
CLSA upgraded Transocean (RIG) from an "Underperform" rating to an "Outperform" rating.
Credit Suisse downgraded HollyFrontier (HFC) from an "Outperform" rating to a "Neutral" rating.
Deutsche Bank upgraded Concho Resources Inc. (CXO) Hold" rating to a "Buy" rating.
Barclays Capital downgraded Cenovus Energy (CVE) from an "Overweight" rating to a "Equal Weight" rating.
Howard Weil Key Energy (KEG) from a "Focus Stock" rating to an "Outperform" rating. They have a price target of $20.00 on the company.
Howard Weil downgraded National-Oilwell Varco, Inc. (NOV) from an "Outperform" rating to a "Market Perform" rating.
Howard Weil downgraded Halliburton (HAL) from an "Outperform" rating to a "Market Perform" rating. $43.00
CLSA upgraded Hercules Offshore, Inc. (HERO) from an "Underperform" rating to a "Buy" rating.
CLSA upgraded Transocean (RIG) from an "Underperform" rating to an "Outperform" rating.
Credit Suisse downgraded HollyFrontier (HFC) from an "Outperform" rating to a "Neutral" rating.
Deutsche Bank upgraded Concho Resources Inc. (CXO) Hold" rating to a "Buy" rating.
Barclays Capital downgraded Cenovus Energy (CVE) from an "Overweight" rating to a "Equal Weight" rating.
Howard Weil Key Energy (KEG) from a "Focus Stock" rating to an "Outperform" rating. They have a price target of $20.00 on the company.
Howard Weil downgraded National-Oilwell Varco, Inc. (NOV) from an "Outperform" rating to a "Market Perform" rating.
Wednesday, March 28, 2012
Rex (REXX) (WFT) (OSG) (TNK) (TNP) (OXF) (HTS) Ratings, Price Targets
Rex Energy (REXX), Weatherford (WFT), Overseas Shipholding Group Inc. (OSG), Teekay Tankers Ltd. (TNK), Tsakos Energy Navigation (TNP), Oxford Resource Partners (OXF) and Hatteras Financial Corp. (HTS) had ratings and price targets on them adjusted by analysts.
Capital One upgraded Rex Energy (REXX) to a "Neutral" rating.
Guggenheim downgraded Weatherford (WFT) from a "Buy" rating to a "Neutral" rating.
Dahlman Rose upgraded Overseas Shipholding Group Inc. (OSG) from a "Sell" rating to a "Hold" rating.
Dahlman Rose upgraded Teekay Tankers Ltd. (TNK) from a "Hold" rating to a "Buy" rating. They have a price target of $7.00 on the company.
Dahlman Rose upgraded Tsakos Energy Navigation (TNP) from a "Hold" rating to a "Buy" rating. They have a price target of $12.00 on the company.
Raymond James downgraded Oxford Resource Partners (OXF) from an "Outperform" rating to an "Underperform" rating.
Deutsche Bank upgraded Hatteras Financial Corp. (HTS) from a "Hold" rating to a "Buy" rating.
Capital One upgraded Rex Energy (REXX) to a "Neutral" rating.
Guggenheim downgraded Weatherford (WFT) from a "Buy" rating to a "Neutral" rating.
Dahlman Rose upgraded Overseas Shipholding Group Inc. (OSG) from a "Sell" rating to a "Hold" rating.
Dahlman Rose upgraded Teekay Tankers Ltd. (TNK) from a "Hold" rating to a "Buy" rating. They have a price target of $7.00 on the company.
Dahlman Rose upgraded Tsakos Energy Navigation (TNP) from a "Hold" rating to a "Buy" rating. They have a price target of $12.00 on the company.
Raymond James downgraded Oxford Resource Partners (OXF) from an "Outperform" rating to an "Underperform" rating.
Deutsche Bank upgraded Hatteras Financial Corp. (HTS) from a "Hold" rating to a "Buy" rating.
Friday, March 23, 2012
Peabody (BTU) (CNX) (CAM) (DRQ) (LINE) (DG) Ratings, Price Targets
Peabody Energy Corp. (BTU), CONSOL Energy Inc. (CNX), Cameron (CAM), Dril-Quip (DRQ), Linn Energy, LLC (LINE) and Dollar General (DG) had ratings and price targets on them adjusted by analysts.
Davenport downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Cameron (CAM) from a "Outperform" rating to a "Top Pick" rating.
Tudor Pickering upgraded Dril-Quip (DRQ) to an "Accumulate" rating.
Bank of America initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating on the company.
Nomura upgraded Dollar General (DG) from a "Neutral" rating to a "Buy" rating.
Davenport downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Cameron (CAM) from a "Outperform" rating to a "Top Pick" rating.
Tudor Pickering upgraded Dril-Quip (DRQ) to an "Accumulate" rating.
Bank of America initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating on the company.
Nomura upgraded Dollar General (DG) from a "Neutral" rating to a "Buy" rating.
Thursday, March 22, 2012
Exxon (XOM) (EMR) (GLF) (HOS) (SUBCY) (XEC) Ratings, Price Targets
Exxon Mobil (XOM), Emerson Electric Co. (EMR), Gulfmark Offshore (GLF), Hornbeck Offshore (HOS), Subsea 7 SA (SUBCY) and Cimarex Energy Co. (XEC) had ratings and price targets on them adjusted by analysts.
JPMorgan Chase & Co. upgraded Exxon Mobil (XOM) from an "Underweight" rating to a "Neutral" rating.
Nomura upgraded Emerson Electric Co. (EMR) from a "Neutral" rating to a "Buy" rating.
Morgan Stanley initiated coverage on Gulfmark Offshore (GLF). They placed an "Equal Weight" rating on the company.
Morgan Stanley initiated coverage on Hornbeck Offshore (HOS). They placed an "Equal Weight" rating on the company.
JPMorgan Chase & Co. upgraded Subsea 7 SA (SUBCY) from a "Neutral" rating to a "Overweight" rating.
Caris & Co. initiated coverage on Cimarex Energy Co. (XEC). They placed an "Average" rating on the company.
JPMorgan Chase & Co. upgraded Exxon Mobil (XOM) from an "Underweight" rating to a "Neutral" rating.
Nomura upgraded Emerson Electric Co. (EMR) from a "Neutral" rating to a "Buy" rating.
Morgan Stanley initiated coverage on Gulfmark Offshore (GLF). They placed an "Equal Weight" rating on the company.
Morgan Stanley initiated coverage on Hornbeck Offshore (HOS). They placed an "Equal Weight" rating on the company.
JPMorgan Chase & Co. upgraded Subsea 7 SA (SUBCY) from a "Neutral" rating to a "Overweight" rating.
Caris & Co. initiated coverage on Cimarex Energy Co. (XEC). They placed an "Average" rating on the company.
Wednesday, March 21, 2012
Hercules (HERO) (STI) (NI) (OSHC) (NWSA) (NRGY) Ratings, Price Targets
Hercules Offshore, Inc. (HERO), SunTrust (STI), Nisource (NI), Ocean Shore Holding (OSHC), News Corp. (NWSA) and Inergy (NRGY) had ratings and price targets on them adjusted by analysts.
FBR Capital upgraded Hercules Offshore, Inc. (HERO) from a "Underperform" rating to a "Market Perform" rating. They have a price target of $5.75 on the company.
Guggenheim downgraded SunTrust (STI) from a "Buy" rating to a "Neutral" rating.
KeyBanc upgraded Nisource (NI) from a "Hold" rating to a "Buy" rating. They have price target of $26.50 on the company.
Sandler O'Neill downgraded Ocean Shore Holding (OSHC) from a "Buy" rating to a "Hold" rating.
Macquarie upgraded News Corp. (NWSA) from a "Underperform" rating to a "Neutral" rating.
Credit Suisse initiated coverage on Inergy (NRGY). They have an "Outperform" rating on the company.
FBR Capital upgraded Hercules Offshore, Inc. (HERO) from a "Underperform" rating to a "Market Perform" rating. They have a price target of $5.75 on the company.
Guggenheim downgraded SunTrust (STI) from a "Buy" rating to a "Neutral" rating.
KeyBanc upgraded Nisource (NI) from a "Hold" rating to a "Buy" rating. They have price target of $26.50 on the company.
Sandler O'Neill downgraded Ocean Shore Holding (OSHC) from a "Buy" rating to a "Hold" rating.
Macquarie upgraded News Corp. (NWSA) from a "Underperform" rating to a "Neutral" rating.
Credit Suisse initiated coverage on Inergy (NRGY). They have an "Outperform" rating on the company.
Tuesday, March 20, 2012
RRI (GEN) (NE) (OGZPY) (DO) (HERO) (NOG) (UPS) Ratings, Price Targets
RRI Energy, Inc. (GEN), Noble (NE), Gazprom OAO (OGZPY), Diamond Offshore Drilling, Inc. (DO), Hercules Offshore, Inc. (HERO), Northern Oil & Gas, Inc. (NOG) and United Parcel Service, Inc. (UPS) had ratings and price targets on them adjusted by analysts.
Deutsche Bank downgraded RRI Energy, Inc. (GEN) from a "Hold" rating to a "Sell" rating.
Macquarie downgraded Noble (NE) from a "Outperform" rating to a "Neutral" rating.
Citigroup downgraded Gazprom OAO (OGZPY) Buy" rating to a "Neutral" rating.
Macquarie upgraded Diamond Offshore Drilling, Inc. (DO) from a "Underperform" rating to a "Neutral" rating.
Macquarie upgraded Hercules Offshore, Inc. (HERO) from a "Underperform" rating to a "Neutral" rating.
SunTrust upgraded Northern Oil & Gas, Inc. (NOG) from a "Neutral" rating to a "Buy" rating.
Stifel Nicolaus downgraded United Parcel Service, Inc. (UPS) from a "Buy" rating to a "Hold" rating.
Deutsche Bank downgraded RRI Energy, Inc. (GEN) from a "Hold" rating to a "Sell" rating.
Macquarie downgraded Noble (NE) from a "Outperform" rating to a "Neutral" rating.
Citigroup downgraded Gazprom OAO (OGZPY) Buy" rating to a "Neutral" rating.
Macquarie upgraded Diamond Offshore Drilling, Inc. (DO) from a "Underperform" rating to a "Neutral" rating.
Macquarie upgraded Hercules Offshore, Inc. (HERO) from a "Underperform" rating to a "Neutral" rating.
SunTrust upgraded Northern Oil & Gas, Inc. (NOG) from a "Neutral" rating to a "Buy" rating.
Stifel Nicolaus downgraded United Parcel Service, Inc. (UPS) from a "Buy" rating to a "Hold" rating.
Monday, March 19, 2012
Devon (DVN) (RSOL) (SOL) (ESV) (EXM) (SXC) (PETD) (SUBCY) Ratings, Price Targets
Devon Energy Co. (DVN), Real Goods Solar, Inc. (RSOL), ReneSola Ltd. (SOL), ENSCO PLC (ESV), Excel Maritime Carriers Ltd (EXM), Suncoke Energy (SXC), Petroleum Development Co. (PETD) and Subsea 7 SA (SUBCY) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald downgraded Real Goods Solar, Inc. (RSOL) from a "Buy" rating to a "Hold" rating.
Macquarie downgraded ReneSola Ltd. (SOL) from a "Neutral" rating to a "Underperform" rating.
Goldman Sachs upgraded Devon Energy Co. (DVN) from a "Neutral" rating to a "Buy" rating.
JPMorgan Chase & Co. upgraded ENSCO PLC (ESV) from a "Neutral" rating to a "Overweight" rating.
Jefferies Group upgraded Excel Maritime Carriers Ltd (EXM) from a "Underperform" rating to a "Hold" rating.
Goldman Sachs upgraded Suncoke Energy (SXC) from a "Neutral" rating to a "Buy" rating.
BMO Capital Markets initiated coverage on Petroleum Development Co. (PETD). They have an "Outperform" rating.
Societe Generale upgraded Subsea 7 SA (SUBCY) from a "Sell" rating to a "Hold" rating.
Cantor Fitzgerald downgraded Real Goods Solar, Inc. (RSOL) from a "Buy" rating to a "Hold" rating.
Macquarie downgraded ReneSola Ltd. (SOL) from a "Neutral" rating to a "Underperform" rating.
Goldman Sachs upgraded Devon Energy Co. (DVN) from a "Neutral" rating to a "Buy" rating.
JPMorgan Chase & Co. upgraded ENSCO PLC (ESV) from a "Neutral" rating to a "Overweight" rating.
Jefferies Group upgraded Excel Maritime Carriers Ltd (EXM) from a "Underperform" rating to a "Hold" rating.
Goldman Sachs upgraded Suncoke Energy (SXC) from a "Neutral" rating to a "Buy" rating.
BMO Capital Markets initiated coverage on Petroleum Development Co. (PETD). They have an "Outperform" rating.
Societe Generale upgraded Subsea 7 SA (SUBCY) from a "Sell" rating to a "Hold" rating.
Friday, March 16, 2012
Abraxas (AXAS) (SDRL) (OII) (STT) (MSFT) (APKT) (CHMT) Ratings, Price Targets
Abraxas Petroleum Corp. (AXAS), Seadrill Ltd (SDRL), Oceaneering International (OII), State Street Co. (STT), Microsoft (MSFT), Acme Packet, Inc. (APKT) and Chemtura (CHMT) had ratings and price targets on them adjusted by analysts.
SunTrust downgraded Abraxas Petroleum Corp. (AXAS) from a "Buy" rating to a "Neutral" rating.
Dahlman Rose downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Oceaneering International (OII) from a "Hold" rating to a "Accumulate" rating.
Rochdale Securities upgraded State Street Co. (STT) from a "Neutral" rating to a "Buy" rating.
Argus upgraded Microsoft (MSFT) from a "Hold" rating to a "Buy" rating. They placed a price target of $39.00 on the company.
Northland Securities upgraded Acme Packet, Inc. (APKT) from a "Market Perform" rating to a "Outperform" rating.
Oppenheimer upgraded Chemtura (CHMT) from a "Market Perform" rating to a "Outperform" rating.
SunTrust downgraded Abraxas Petroleum Corp. (AXAS) from a "Buy" rating to a "Neutral" rating.
Dahlman Rose downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Oceaneering International (OII) from a "Hold" rating to a "Accumulate" rating.
Rochdale Securities upgraded State Street Co. (STT) from a "Neutral" rating to a "Buy" rating.
Argus upgraded Microsoft (MSFT) from a "Hold" rating to a "Buy" rating. They placed a price target of $39.00 on the company.
Northland Securities upgraded Acme Packet, Inc. (APKT) from a "Market Perform" rating to a "Outperform" rating.
Oppenheimer upgraded Chemtura (CHMT) from a "Market Perform" rating to a "Outperform" rating.
Thursday, March 15, 2012
Amerigas (APU) (JOY) (NSC) (RRMS) (LSI) (IVR) (LVLT) Ratings, Price Targets
Amerigas Partners Lp (APU), Joy Global Inc. (JOY), Norfolk Southern Corp. (NSC), Rose Rock Midstream (RRMS), LSI Co. (LSI), Invesco Mortgage Capital (IVR) and Level 3 (LVLT) had ratings and price targets on them adjusted by analysts.
Janney Montgomery Scott downgraded Amerigas Partners Lp (APU) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded Joy Global Inc. (JOY) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Norfolk Southern Corp. (NSC) to an "Equal Weight" rating.
Robert W. Baird downgraded Rose Rock Midstream (RRMS) from a "Outperform" rating to a "Neutral" rating. They have a price target of $25.00 on the company.
Credit Agricole downgraded LSI Co. (LSI) to a "Sell" rating.
FBR Capital upgraded Invesco Mortgage Capital (IVR) to a "Market Perform" rating.
Bank of America upgraded Level 3 (LVLT) to a "Buy" rating.
Janney Montgomery Scott downgraded Amerigas Partners Lp (APU) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded Joy Global Inc. (JOY) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Norfolk Southern Corp. (NSC) to an "Equal Weight" rating.
Robert W. Baird downgraded Rose Rock Midstream (RRMS) from a "Outperform" rating to a "Neutral" rating. They have a price target of $25.00 on the company.
Credit Agricole downgraded LSI Co. (LSI) to a "Sell" rating.
FBR Capital upgraded Invesco Mortgage Capital (IVR) to a "Market Perform" rating.
Bank of America upgraded Level 3 (LVLT) to a "Buy" rating.
Wednesday, March 14, 2012
Great Plains (GXP) (VOD) (AEO) (ALTR) (ALU) (CBS) (GEOY) Ratings, Price Targets
Great Plains Energy (GXP), Vodafone (VOD), American Eagle (AEO), Altera (ALTR), Alcatel Lucent (ALU), CBS (CBS) and GeoEye (GEOY) had ratings and price targets on them adjusted by analysts.
Citigroup initiated coverage on Great Plains Energy (GXP). They placed a "Buy" rating on the company.
BNP Paribas downgraded Vodafone (VOD) from a "Neutral" rating to an "Underperform" rating.
Caris & Co. upgraded American Eagle (AEO) from an "Average" rating to an "Buy" rating.
Goldman Sachs upgraded Altera (ALTR) to a "Buy" rating.
BMO Capital Markets upgraded Alcatel Lucent (ALU) from a "Market Perform" rating to an "Outperform" rating.
RBC Capital upgraded CBS (CBS) from a "Outperform" rating to an "Top Pick" rating.
Dougherty & Co upgraded GeoEye (GEOY) from a "Neutral" rating to an "Buy" rating.
Citigroup initiated coverage on Great Plains Energy (GXP). They placed a "Buy" rating on the company.
BNP Paribas downgraded Vodafone (VOD) from a "Neutral" rating to an "Underperform" rating.
Caris & Co. upgraded American Eagle (AEO) from an "Average" rating to an "Buy" rating.
Goldman Sachs upgraded Altera (ALTR) to a "Buy" rating.
BMO Capital Markets upgraded Alcatel Lucent (ALU) from a "Market Perform" rating to an "Outperform" rating.
RBC Capital upgraded CBS (CBS) from a "Outperform" rating to an "Top Pick" rating.
Dougherty & Co upgraded GeoEye (GEOY) from a "Neutral" rating to an "Buy" rating.
Tuesday, March 13, 2012
Cobalt (CIE) (MTDR) (OIS) (WFM) (ASML) (AVG) (KR) Get New Coverage
Cobalt International Energy (CIE), Matador Resources Co (MTDR), Oil States International, Inc. (OIS), Whole Foods Market (WFM), ASML Holding (ASML), AVG Technologies (AVG) and Kroger (KR) had coverage on them initiated by analysts.
Credit Suisse initiated coverage on Cobalt International Energy (CIE). They placed an "Outperform" rating on the company.
RBC Capital initiated coverage on Matador Resources (MTDR). They placed an "Outperform" rating and price target of $16.00 on the company.
Barclays Capital initiated coverage on Oil States International, Inc. (OIS). They placed an "Overweight" rating on the company.
UBS AG initiated coverage on Whole Foods Market (WFM). They placed an "Buy" rating on the company.
RBC Capital initiated coverage on ASML Holding (ASML). They placed an "Outperform" rating and price target of $56.00 on the company.
JPMorgan Chase & Co. initiated coverage on AVG Technologies (AVG). They placed an "Overweight" rating on the company.
UBS AG initiated coverage on Kroger (KR). They placed an "Neutral" rating on the company.
Credit Suisse initiated coverage on Cobalt International Energy (CIE). They placed an "Outperform" rating on the company.
RBC Capital initiated coverage on Matador Resources (MTDR). They placed an "Outperform" rating and price target of $16.00 on the company.
Barclays Capital initiated coverage on Oil States International, Inc. (OIS). They placed an "Overweight" rating on the company.
UBS AG initiated coverage on Whole Foods Market (WFM). They placed an "Buy" rating on the company.
RBC Capital initiated coverage on ASML Holding (ASML). They placed an "Outperform" rating and price target of $56.00 on the company.
JPMorgan Chase & Co. initiated coverage on AVG Technologies (AVG). They placed an "Overweight" rating on the company.
UBS AG initiated coverage on Kroger (KR). They placed an "Neutral" rating on the company.
Friday, March 9, 2012
JinkoSolar (JKS) (ERII) (GGC) (STO) (ESV) (SBMRY) (MSO) Ratings, Price Targets
JinkoSolar Holding Co., Ltd. (JKS), Energy Recovery (ERII), Georgia Gulf (GGC), Statoil (STO), ENSCO PLC (ESV), SABMiller plc (SBMRY) and Martha Stewart Living Omnimedia, Inc. (MSO) had ratings and price targets on them adjusted by analysts.
Ardour Capital upgraded Energy Recovery (ERII) from a "Hold" rating to a "Accumulate" rating.
Wells Fargo & Co. upgraded Georgia Gulf (GGC) from a "Market Perform" rating to a "Outperform" rating.
Deutsche Bank upgraded Statoil (STO) from a "Hold" rating to a "Buy" rating.
Sanford C. Bernstein upgraded ENSCO PLC (ESV) from an "Outperform" rating to a "Market Perform" rating.
Natixis downgraded SABMiller plc (SBMRY) from a "Buy" rating to a "Neutral" rating.
Auriga downgraded JinkoSolar Holding Co., Ltd. (JKS) from a "Sell" rating to a "Hold" rating.
Roth Capital downgraded Martha Stewart Living Omnimedia, Inc. (MSO) from a "Neutral" rating to a "Sell" rating.
Ardour Capital upgraded Energy Recovery (ERII) from a "Hold" rating to a "Accumulate" rating.
Wells Fargo & Co. upgraded Georgia Gulf (GGC) from a "Market Perform" rating to a "Outperform" rating.
Deutsche Bank upgraded Statoil (STO) from a "Hold" rating to a "Buy" rating.
Sanford C. Bernstein upgraded ENSCO PLC (ESV) from an "Outperform" rating to a "Market Perform" rating.
Natixis downgraded SABMiller plc (SBMRY) from a "Buy" rating to a "Neutral" rating.
Auriga downgraded JinkoSolar Holding Co., Ltd. (JKS) from a "Sell" rating to a "Hold" rating.
Roth Capital downgraded Martha Stewart Living Omnimedia, Inc. (MSO) from a "Neutral" rating to a "Sell" rating.
Thursday, March 8, 2012
WPX (WPX) (AMID) (SSW) (DPM) (BG) (SGY) Ratings, Price Targets
WPX ENERGY INC (WPX), American Midstream Partners LP (AMID), Seaspan Co. (SSW), DCP Midstream Partners, LP (DPM), Bunge Limited (BG) and Stone Energy (SGY) had ratings and price targets on them adjusted by analysts.
Bank of America downgraded American Midstream Partners LP (AMID) from a "Buy" rating to a "Neutral" rating.
Credit Suisse downgraded Seaspan Co. (SSW) from a "Neutral" rating to a "Underperform" rating.
Bank of America upgraded DCP Midstream Partners, LP (DPM) from a "Neutral" rating to a "Buy" rating.
Feltl & Co. initiated coverage on Bunge Limited (BG). They have a "Strong-Buy" rating and a price target of $83.00 on the company.
Sidoti initiated coverage on Stone Energy (SGY). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on WPX ENERGY (WPX). They placed a "Neutral" rating on the company.
Bank of America downgraded American Midstream Partners LP (AMID) from a "Buy" rating to a "Neutral" rating.
Credit Suisse downgraded Seaspan Co. (SSW) from a "Neutral" rating to a "Underperform" rating.
Bank of America upgraded DCP Midstream Partners, LP (DPM) from a "Neutral" rating to a "Buy" rating.
Feltl & Co. initiated coverage on Bunge Limited (BG). They have a "Strong-Buy" rating and a price target of $83.00 on the company.
Sidoti initiated coverage on Stone Energy (SGY). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on WPX ENERGY (WPX). They placed a "Neutral" rating on the company.
Wednesday, March 7, 2012
STWA (ZERO) Soars on LG Partner Letter of Intent
A letter of intent to use STWA, Inc.'s (OTC.BB: ZERO.OB) Applied Oil Technology™ (AOT™) by LG Partners sent shares of STWA soaring Wednesday, with the company closing up over 26 percent on the day.
The press release said this, "LG Partners is currently developing the $2.5 billion, 900-mile pipeline to transport medium and heavy crude oil to markets currently experiencing a lack of diverse pipeline suppliers. This multinational pipeline is designed to be 42" in diameter, with a transport capacity of 30 to 60 million tons of crude oil per year, or approximately 600,000 to 1.2 million barrels per day."
Also described in the press release was the technology STWA has designed for improved costs and efficiencies of pipeline operations:
"STWA's Applied Oil Technology™ (AOT™) is designed to allow pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss) between the fluid and the pipeline. By reducing the friction loss, pipeline operators' pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs."
The significance of this isn't simply making a potential deal, but because of the ability to make the deal, it appears the company is subtly announcing the trial phase of the Applied Oil Technology is over, and commercialization is ready to begin.
STWA closed Wednesday at $0.46, up $0.09, or 26.03 percent. They traded as high as $0.49 before pulling slightly back. They've trading in a 52-week range of $0.18 to $0.49, and have a market cap now of $52.08 million.
Trading volume Wednesday was almost ten times the average 3-month volume.
The press release said this, "LG Partners is currently developing the $2.5 billion, 900-mile pipeline to transport medium and heavy crude oil to markets currently experiencing a lack of diverse pipeline suppliers. This multinational pipeline is designed to be 42" in diameter, with a transport capacity of 30 to 60 million tons of crude oil per year, or approximately 600,000 to 1.2 million barrels per day."
Also described in the press release was the technology STWA has designed for improved costs and efficiencies of pipeline operations:
"STWA's Applied Oil Technology™ (AOT™) is designed to allow pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss) between the fluid and the pipeline. By reducing the friction loss, pipeline operators' pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs."
The significance of this isn't simply making a potential deal, but because of the ability to make the deal, it appears the company is subtly announcing the trial phase of the Applied Oil Technology is over, and commercialization is ready to begin.
STWA closed Wednesday at $0.46, up $0.09, or 26.03 percent. They traded as high as $0.49 before pulling slightly back. They've trading in a 52-week range of $0.18 to $0.49, and have a market cap now of $52.08 million.
Trading volume Wednesday was almost ten times the average 3-month volume.
CVR (CVI) (TSO) (APC) (HES) (MRO) (TLM) (AVAV) Ratings, Price Targets
CVR Energy, Inc. (CVI), Tesoro Co. (TSO), Anadarko Petroleum (APC), Hess Corp. (HES), Marathon Oil Co. (MRO), Talisman Energy (TLM) and AeroVironment (AVAV) had ratings and price targets on them adjusted by analysts.
Macquarie downgraded CVR Energy, Inc. (CVI) from a "Outperform" rating to a "Neutral" rating.
Bank of America upgraded Tesoro Co. (TSO) from a "Underperform" rating to a "Neutral" rating.
Global Hunter Securities initiated coverage on Anadarko Petroleum (APC). They placed a "Buy" rating and price target of $102.00 on the company.
Global Hunter Securities initiated coverage on Hess Corp. (HES). They placed a "Neutral" rating and price target of $70.00 on the company.
Global Hunter Securities initiated coverage on Marathon Oil Co. (MRO). They placed a "Neutral" rating and price target of $37.00 on the company.
Global Hunter Securities initiated coverage on Talisman Energy (TLM). They placed a "Neutral" rating " rating and price target of $14.50 on the company.
EarlyBird Capital downgraded AeroVironment (AVAV) from a "Buy" rating to a "Hold" rating.
Macquarie downgraded CVR Energy, Inc. (CVI) from a "Outperform" rating to a "Neutral" rating.
Bank of America upgraded Tesoro Co. (TSO) from a "Underperform" rating to a "Neutral" rating.
Global Hunter Securities initiated coverage on Anadarko Petroleum (APC). They placed a "Buy" rating and price target of $102.00 on the company.
Global Hunter Securities initiated coverage on Hess Corp. (HES). They placed a "Neutral" rating and price target of $70.00 on the company.
Global Hunter Securities initiated coverage on Marathon Oil Co. (MRO). They placed a "Neutral" rating and price target of $37.00 on the company.
Global Hunter Securities initiated coverage on Talisman Energy (TLM). They placed a "Neutral" rating " rating and price target of $14.50 on the company.
EarlyBird Capital downgraded AeroVironment (AVAV) from a "Buy" rating to a "Hold" rating.
Tuesday, March 6, 2012
Chesapeake's (CHK) and McClendon's Shale Revenue Alternative
The announcement from Chesapeake Energy (CHK) CEO Aubrey McClendon and Kohlberg Kravis Roberts & Co. (KKR) that they are entering a $250 million joint venture received mixed responses from pundits and analysts.
As for the deal, KKR will supply $225 million of the investment while Chesapeake will invest the remaining $25 million.
The purpose of the joint venture is for the two companies to acquire more oil and gas shale plays in order to generate royalties from the properties.
Chesapeake will do the majority of the lifting because of its expertise in the sector; owning and managing the shale assets on behalf of the venture.
With KKR putting up 90 percent of the capital, it has to stand to reason that they will almost assuredly, after some management fees, take in that same amount in royalties.
Aubrey McClendon has an insatiable drive to own more and more shale assets. But with the capital spigot running dry for Chesapeake, he's extending the reach of the company through the joint venture.
KKR director Robert Antablin said this, "Driven predominantly by the recent advancements in unconventional oil and gas technology, we continue to see attractive opportunities to invest behind the domestic exploration and production of oil and gas."
On Chesapeake's part, they must get more access to oil assets because the low price of natural gas has pressured the company's margins and earnings.
In 2011 they spend upwards of $1 billion to make acquisitions to that effect. This venture gives them access to more land and oil assets without having to cough up money it simply no longer has to make the deals it needs for shale oil acreage.
This assumes McClendon isn't blind or foolish enough to buy up even more major gas holdings with the additional capital in his hands.
The market wasn't impressed with the announcement of the joint venture, as many investors and onlookers believe Chesapeake is already in way over its head. They've already sold off some of its properties and made deal with other parterns.
So the idea of pursuing even more acreage doesn't sound too good for those who have watched Chesapeake with consternation as its debt soared and gas prices plummeted.
If this capital isn't used to acquire significant oil assets, it'll be a shock, and the future of Chesapeake would look as bleak as it ever has.
The good news is if they keep focused, Chesapeake is a good at sourcing and managing resources as anyone out there, and lower risk plays like this could help them gain some respectibility and bring back some significant profitability back to the company.
KKR closed at $13.61, down $0.25, or 1.80 percent. Chesapeake ended the session at $23.56, plunging $0.67, or 2.77 percent.
As for the deal, KKR will supply $225 million of the investment while Chesapeake will invest the remaining $25 million.
The purpose of the joint venture is for the two companies to acquire more oil and gas shale plays in order to generate royalties from the properties.
Chesapeake will do the majority of the lifting because of its expertise in the sector; owning and managing the shale assets on behalf of the venture.
With KKR putting up 90 percent of the capital, it has to stand to reason that they will almost assuredly, after some management fees, take in that same amount in royalties.
Aubrey McClendon has an insatiable drive to own more and more shale assets. But with the capital spigot running dry for Chesapeake, he's extending the reach of the company through the joint venture.
KKR director Robert Antablin said this, "Driven predominantly by the recent advancements in unconventional oil and gas technology, we continue to see attractive opportunities to invest behind the domestic exploration and production of oil and gas."
On Chesapeake's part, they must get more access to oil assets because the low price of natural gas has pressured the company's margins and earnings.
In 2011 they spend upwards of $1 billion to make acquisitions to that effect. This venture gives them access to more land and oil assets without having to cough up money it simply no longer has to make the deals it needs for shale oil acreage.
This assumes McClendon isn't blind or foolish enough to buy up even more major gas holdings with the additional capital in his hands.
The market wasn't impressed with the announcement of the joint venture, as many investors and onlookers believe Chesapeake is already in way over its head. They've already sold off some of its properties and made deal with other parterns.
So the idea of pursuing even more acreage doesn't sound too good for those who have watched Chesapeake with consternation as its debt soared and gas prices plummeted.
If this capital isn't used to acquire significant oil assets, it'll be a shock, and the future of Chesapeake would look as bleak as it ever has.
The good news is if they keep focused, Chesapeake is a good at sourcing and managing resources as anyone out there, and lower risk plays like this could help them gain some respectibility and bring back some significant profitability back to the company.
KKR closed at $13.61, down $0.25, or 1.80 percent. Chesapeake ended the session at $23.56, plunging $0.67, or 2.77 percent.
Carrizo (CRZO) (FST) (PKD) (CCO) (NVS) (MWW) (TSN) Ratings, Price Targets
Carrizo Oil & Gas (CRZO), Forest Oil Co. (FST), Parker Drilling Company (PKD), Clear Channel Outdoor Holdings, Inc. (CCO), Novartis (NVS), Monster Worldwide, Inc. (MWW) and Tyson Foods, Inc. (TSN) had ratings and price targets adjusted by analysts.
Imperial Capital downgraded Carrizo Oil & Gas (CRZO) to an "Outperform" rating.
Capital One upgraded Forest Oil Co. (FST) to a "Neutral" rating.
Global Hunter Securities initiated coverage on Parker Drilling Company (PKD). They placed an "Accumulate" rating on the company.
Wells Fargo & Co. downgraded Clear Channel Outdoor Holdings, Inc. (CCO) from an "Outperform" rating to a "Market Perform" rating.
JPMorgan Chase & Co. downgraded Novartis (NVS) from an "Overweight" rating to a "Neutral" rating.
Evercore Partners upgraded Monster Worldwide, Inc. (MWW) from an "Equal Weight" rating to a "Overweight" rating.
Davenport upgraded Tyson Foods, Inc. (TSN) from a "Neutral" rating to a "Buy" rating.
Imperial Capital downgraded Carrizo Oil & Gas (CRZO) to an "Outperform" rating.
Capital One upgraded Forest Oil Co. (FST) to a "Neutral" rating.
Global Hunter Securities initiated coverage on Parker Drilling Company (PKD). They placed an "Accumulate" rating on the company.
Wells Fargo & Co. downgraded Clear Channel Outdoor Holdings, Inc. (CCO) from an "Outperform" rating to a "Market Perform" rating.
JPMorgan Chase & Co. downgraded Novartis (NVS) from an "Overweight" rating to a "Neutral" rating.
Evercore Partners upgraded Monster Worldwide, Inc. (MWW) from an "Equal Weight" rating to a "Overweight" rating.
Davenport upgraded Tyson Foods, Inc. (TSN) from a "Neutral" rating to a "Buy" rating.
Monday, March 5, 2012
Enbridge's (ENB) U.S. Pipeline Remains Closed
After a two-vehicle accident in Illinois close to the the township of New Lenox, the pipeline of Enbridge (NYSE:ENB), which delivers the majority of oil from Canada to the United States, remains closed, and may remain closed for up to four more days.
The accident took place by an above-ground part of the conduit close to a pumping station.
Enbridge's Line 14/64, which delivers 318,000 barrel a day, will probably result in pressuring prices for Canadian crude in response to the accident.
Line 14, may start up again as early as Wednesday, while Line 64, is estimated to restart on Thursday.
Enbridge spokeswoman Lorraine Little said these estimates are subject to change because they were the initial assessments made by the company.
The capacity for Line 14/64 is north of 2 million barrels a day, which amounts to close to 3 percent of American imports. Canada exports the oil from Alberta tar sands.
Potentially affected by the slowdown is Exxon Mobil (NYSE:XOM), which receives some oil from the pipeline, which they get at its refinery located in Joliet, Illinois. Exxon says at this time they are meeting contractual obligations.
Enbridge was trading at $38.34, down $0.38, or 0.98 percent, as of 12:16 PM EST. Exxon was trading at $86.63, up $0.30, or 0.35 percent.
The accident took place by an above-ground part of the conduit close to a pumping station.
Enbridge's Line 14/64, which delivers 318,000 barrel a day, will probably result in pressuring prices for Canadian crude in response to the accident.
Line 14, may start up again as early as Wednesday, while Line 64, is estimated to restart on Thursday.
Enbridge spokeswoman Lorraine Little said these estimates are subject to change because they were the initial assessments made by the company.
The capacity for Line 14/64 is north of 2 million barrels a day, which amounts to close to 3 percent of American imports. Canada exports the oil from Alberta tar sands.
Potentially affected by the slowdown is Exxon Mobil (NYSE:XOM), which receives some oil from the pipeline, which they get at its refinery located in Joliet, Illinois. Exxon says at this time they are meeting contractual obligations.
Enbridge was trading at $38.34, down $0.38, or 0.98 percent, as of 12:16 PM EST. Exxon was trading at $86.63, up $0.30, or 0.35 percent.
CMS (CMS) (CHG) (CNP) (SDRL) (FE) (ENS) (ZNGA) Ratings, Price Targets
CMS Energy (CMS), CH Energy Group (CHG), CenterPoint Energy, Inc. (CNP), Seadrill Ltd (SDRL), FirstEnergy Corp. (FE), EnerSys (ENS) and Zynga Inc. (ZNGA) had ratings and price targets on them adjusted by analysts.
Brean Murray downgraded CH Energy Group (CHG) from a "Buy" rating to a "Hold" rating. They have a placed a price target of $69.00 on the company.
RBC Capital downgraded CenterPoint Energy, Inc. (CNP) from an "Outperform" rating to a "Sector Perform" rating.
Bank of America downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Neutral" rating.
Caris & Co. upgraded CMS Energy (CMS) from an "Above Average" rating to an "Average" rating. $23.50
ISI Group upgraded FirstEnergy Corp. (FE) from a "Hold" rating to a "Buy" rating.
Stifel Nicolaus initiated coverage on EnerSys (ENS). They have a "Buy" rating and a price target of $40.00 on the company.
JPMorgan Chase & Co. downgraded Zynga Inc. (ZNGA) from an "Overweight" rating to a "Neutral" rating.
Brean Murray downgraded CH Energy Group (CHG) from a "Buy" rating to a "Hold" rating. They have a placed a price target of $69.00 on the company.
RBC Capital downgraded CenterPoint Energy, Inc. (CNP) from an "Outperform" rating to a "Sector Perform" rating.
Bank of America downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Neutral" rating.
Caris & Co. upgraded CMS Energy (CMS) from an "Above Average" rating to an "Average" rating. $23.50
ISI Group upgraded FirstEnergy Corp. (FE) from a "Hold" rating to a "Buy" rating.
Stifel Nicolaus initiated coverage on EnerSys (ENS). They have a "Buy" rating and a price target of $40.00 on the company.
JPMorgan Chase & Co. downgraded Zynga Inc. (ZNGA) from an "Overweight" rating to a "Neutral" rating.
Friday, March 2, 2012
Study Concludes Shale Gas Extraction Safe
A study by the Polish Geological Institute concluded extraction of shale gas wasn't harmful to the environment, triggering quick responses from so-called environementalist who don't want that to be the narrative going forward.
According to the report, Canadian Lane Energy performed test drills in the norther portion of Poland, whereby there was some toxic residue, but by reusing it during the process, none was released into the environment.
The study concluded this: "Soil, air, water — the studies show that all these elements of the environment are safe if exploration of shale gas is conducted in accordance with legal regulations."
There was no pollution found in the soil, water or air, said the study.
Concerns over the process of removing gas or oil from shale because of the possibility some contaminated water, which is toxic, may reach the surface, is what is being tested.
The process is called hydraulic fracturing, or fracking for short, where mostly water, and some chemicals, are used to shatter shale under the ground so the gas, or oil, can be released for use.
Extraordinary deposits of shale gas and oil in the United States has numerous countries searching within their own borders to see if there are deposits there.
In the case of Poland, the country wants to slash its dependence on Russian natural gas, which can be unreliable.
Poland is still in the process of searching for shale gas deposits, so it isn't clear yet how much actually resides in the country.
According to the report, Canadian Lane Energy performed test drills in the norther portion of Poland, whereby there was some toxic residue, but by reusing it during the process, none was released into the environment.
The study concluded this: "Soil, air, water — the studies show that all these elements of the environment are safe if exploration of shale gas is conducted in accordance with legal regulations."
There was no pollution found in the soil, water or air, said the study.
Concerns over the process of removing gas or oil from shale because of the possibility some contaminated water, which is toxic, may reach the surface, is what is being tested.
The process is called hydraulic fracturing, or fracking for short, where mostly water, and some chemicals, are used to shatter shale under the ground so the gas, or oil, can be released for use.
Extraordinary deposits of shale gas and oil in the United States has numerous countries searching within their own borders to see if there are deposits there.
In the case of Poland, the country wants to slash its dependence on Russian natural gas, which can be unreliable.
Poland is still in the process of searching for shale gas deposits, so it isn't clear yet how much actually resides in the country.
Echelon (ELON) (AIXG) (ANN) (BC) (SPLS) (TSS) (UNM) Ratings, Price Targets
Echelon Co. (ELON), Aixtron AG (AIXG), AnnTaylor Stores Corp. (ANN), Brunswick Co. (BC), Staples, Inc. (SPLS), Total System Services, Inc. (TSS) and Unum Group (UNM) had ratings and price targets adjusted on them by analysts.
Piper Jaffray upgraded Echelon Co. (ELON) from a "Neutral" rating to an "Overweight" rating.
Citigroup (C) upgraded Aixtron AG (AIXG) from a "Sell" rating to a "Neutral" rating.
SunTrust upgraded AnnTaylor Stores Corp. (ANN) from a "Neutral" rating to a "Buy" rating.
Raymond James upgraded Brunswick Co. (BC) from a "Market Perform" rating to a "Strong-Buy" rating.
Caris & Co. upgraded Staples, Inc. (SPLS) from an "Average Above" rating to an "Average" rating.
Susquehanna upgraded Total System Services, Inc. (TSS) from a "Neutral" rating to a "Positive" rating.
RBC Capital upgraded Unum Group (UNM) from a "Sector Perform" rating to a "Outperform" rating.
Piper Jaffray upgraded Echelon Co. (ELON) from a "Neutral" rating to an "Overweight" rating.
Citigroup (C) upgraded Aixtron AG (AIXG) from a "Sell" rating to a "Neutral" rating.
SunTrust upgraded AnnTaylor Stores Corp. (ANN) from a "Neutral" rating to a "Buy" rating.
Raymond James upgraded Brunswick Co. (BC) from a "Market Perform" rating to a "Strong-Buy" rating.
Caris & Co. upgraded Staples, Inc. (SPLS) from an "Average Above" rating to an "Average" rating.
Susquehanna upgraded Total System Services, Inc. (TSS) from a "Neutral" rating to a "Positive" rating.
RBC Capital upgraded Unum Group (UNM) from a "Sector Perform" rating to a "Outperform" rating.
Copano (CPNO) (HUSA) (MMP) (SDRL) (CIE) (TRI) (FAF) Ratings, Price Targets
Copano Energy, L.L.C. (CPNO), Houston American Energy Corp (HUSA), Magellan Midstream (MMP), Seadrill Ltd (SDRL), Cobalt International Energy (CIE), Thomson Reuters Co. (TRI) and First American Financial (FAF) had ratings and price targets adjusted on them by analysts.
Morgan Keegan downgraded Copano Energy, L.L.C. (CPNO) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $39.00 to $38.00 on the company.
C.K. Cooper downgraded Houston American Energy Corp (HUSA) from a "Buy" rating to a "Hold" rating.
Wunderlich downgraded Magellan Midstream (MMP) from a "Buy" rating to a "Hold" rating. They raised their price target from $69.00 to $76.00 on the company.
HSBC downgraded Seadrill Ltd (SDRL) from an "Overweight" rating to a "Neutral" rating.
RBC Capital upgraded Cobalt International Energy (CIE) from a "Sector Perform" rating to an "Outperform" rating.
Evercore Partners initiated coverage on Thomson Reuters Co. (TRI). They placed an "Equal Weight" rating on the company.
Keefe, Bruyette & Woods initiated coverage on First American Financial (FAF). They placed a "Market Perform" rating on the company.
Morgan Keegan downgraded Copano Energy, L.L.C. (CPNO) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $39.00 to $38.00 on the company.
C.K. Cooper downgraded Houston American Energy Corp (HUSA) from a "Buy" rating to a "Hold" rating.
Wunderlich downgraded Magellan Midstream (MMP) from a "Buy" rating to a "Hold" rating. They raised their price target from $69.00 to $76.00 on the company.
HSBC downgraded Seadrill Ltd (SDRL) from an "Overweight" rating to a "Neutral" rating.
RBC Capital upgraded Cobalt International Energy (CIE) from a "Sector Perform" rating to an "Outperform" rating.
Evercore Partners initiated coverage on Thomson Reuters Co. (TRI). They placed an "Equal Weight" rating on the company.
Keefe, Bruyette & Woods initiated coverage on First American Financial (FAF). They placed a "Market Perform" rating on the company.
Thursday, March 1, 2012
Copano (CPNO) (SD) (CRZO) (LINE) (URZ) (BLK) (WAG) Ratings, Price Targets
Copano Energy, L.L.C. (CPNO), SandRidge Energy Inc. (SD), Carrizo Oil & Gas (CRZO), Linn Energy, LLC (LINE), Uranerz Energy (URZ), BlackRock, Inc. (BLK) and Walgreen (WAG) had ratings and price targets on them adjusted by analysts.
Hilliard Lyons downgraded Copano Energy, L.L.C. (CPNO) from a "Buy" rating to a "Long" rating. They raised their price target from $35.00 to $40.00 on the company.
Canaccord Genuity downgraded SandRidge Energy Inc. (SD) from a "Hold" rating to a "Sell" rating. They lowered their price target from $7.00 to $6.00 on the company.
Capital One upgraded Carrizo Oil & Gas (CRZO) to a "Neutral" rating.
Credit Suisse upgraded Linn Energy, LLC (LINE) from a "Neutral" rating to an "Outperform" rating.
Global Hunter Securities initiated coverage on Uranerz Energy (URZ). They have an "Accumulate" rating and price target of $4.00 on the company.
Sanford C. Bernstein initiated coverage on BlackRock, Inc. (BLK). They placed a "Market Perform" rating on the company.
Bank of America downgraded Walgreen (WAG) from a "Neutral" rating to an "Underperform" rating.
Hilliard Lyons downgraded Copano Energy, L.L.C. (CPNO) from a "Buy" rating to a "Long" rating. They raised their price target from $35.00 to $40.00 on the company.
Canaccord Genuity downgraded SandRidge Energy Inc. (SD) from a "Hold" rating to a "Sell" rating. They lowered their price target from $7.00 to $6.00 on the company.
Capital One upgraded Carrizo Oil & Gas (CRZO) to a "Neutral" rating.
Credit Suisse upgraded Linn Energy, LLC (LINE) from a "Neutral" rating to an "Outperform" rating.
Global Hunter Securities initiated coverage on Uranerz Energy (URZ). They have an "Accumulate" rating and price target of $4.00 on the company.
Sanford C. Bernstein initiated coverage on BlackRock, Inc. (BLK). They placed a "Market Perform" rating on the company.
Bank of America downgraded Walgreen (WAG) from a "Neutral" rating to an "Underperform" rating.
Wednesday, February 29, 2012
Enbridge (ENB) (GXP) (MUR) (OAS) (OKS) (TRGP) (WNR) Ratings, Price Targets
Enbridge Inc. (ENB), Great Plains Energy (GXP), Murphy Oil (MUR), Oasis Petroleum Inc. (OAS), Oneok Partners LP (OKS), Targa Resources Investments (TRGP) and Western Refining, Inc. (WNR) had ratings and price targets initiated or adjusted by analysts.
Goldman Sachs downgraded Enbridge Inc. (ENB) from a "Buy" rating to a "Neutral" rating.
Caris & Co. downgraded Great Plains Energy (GXP) from an "Above Average" rating to an "Average" rating.
Deutsche Bank downgraded Murphy Oil (MUR) from a "Buy" rating to a "Hold" rating. They placed a price target of $64.00 on the company.
Deutsche Bank downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They placed a price taret of $37.00 on the company.
Goldman Sachs downgraded Oneok Partners LP (OKS) from a "Neutral" rating to a "Sell" rating.
Tudor Pickering downgraded Targa Resources Investments (TRGP) to a "Hold" rating.
Morgan Stanley downgraded Western Refining, Inc. (WNR) from an "Overweight" rating to an "Equal Weight" rating. They have a price target of $620.00 on the company.
Goldman Sachs downgraded Enbridge Inc. (ENB) from a "Buy" rating to a "Neutral" rating.
Caris & Co. downgraded Great Plains Energy (GXP) from an "Above Average" rating to an "Average" rating.
Deutsche Bank downgraded Murphy Oil (MUR) from a "Buy" rating to a "Hold" rating. They placed a price target of $64.00 on the company.
Deutsche Bank downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They placed a price taret of $37.00 on the company.
Goldman Sachs downgraded Oneok Partners LP (OKS) from a "Neutral" rating to a "Sell" rating.
Tudor Pickering downgraded Targa Resources Investments (TRGP) to a "Hold" rating.
Morgan Stanley downgraded Western Refining, Inc. (WNR) from an "Overweight" rating to an "Equal Weight" rating. They have a price target of $620.00 on the company.
Tuesday, February 28, 2012
Concho (CXO) (GXP) (LPI) (WLL) (BRY) (DTE) (SWN) Ratings, Price Targets
Concho Resources Inc. (CXO), Great Plains Energy (GXP), Laredo Petroleum Holdings (LPI), Whiting Petroleum Co. (WLL), Berry Petroleum Comp (BRY), DTE Energy (DTE) and Southwestern Energy (SWN) had ratings and price targets on them adjusted by analysts.
Tudor Pickering downgraded Concho Resources Inc. (CXO). They placed a "Hold" rating on the company.
Gabelli downgraded Great Plains Energy (GXP) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Laredo Petroleum Holdings (LPI). They placed a "Hold" rating on the company.
Capital One downgraded Whiting Petroleum Co. (WLL). They placed a "Strong-Buy" rating on the company.
SunTrust upgraded Berry Petroleum Comp (BRY) from a "Neutral" rating to a "Buy" rating. They have a price target of $65.00 on the company.
Edward Jones upgraded DTE Energy (DTE). They have a "Buy" rating on the company.
Stifel Nicolaus downgraded Southwestern Energy (SWN) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Concho Resources Inc. (CXO). They placed a "Hold" rating on the company.
Gabelli downgraded Great Plains Energy (GXP) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Laredo Petroleum Holdings (LPI). They placed a "Hold" rating on the company.
Capital One downgraded Whiting Petroleum Co. (WLL). They placed a "Strong-Buy" rating on the company.
SunTrust upgraded Berry Petroleum Comp (BRY) from a "Neutral" rating to a "Buy" rating. They have a price target of $65.00 on the company.
Edward Jones upgraded DTE Energy (DTE). They have a "Buy" rating on the company.
Stifel Nicolaus downgraded Southwestern Energy (SWN) from a "Buy" rating to a "Hold" rating.
Monday, February 27, 2012
Westar (WR) (CEG) (BHI) (HAL) (WLL) (SD) (MDAS) Ratings
Westar Energy, Inc. (WR), Constellation Energy Group (CEG), Baker Hughes (BHI), Halliburton (HAL), Whiting Petroleum Co. (WLL), SandRidge Energy Inc. (SD) and MedAssets, Inc. (MDAS) had ratings and price targets on them adjusted by analysts.
TheStreet downgraded Constellation Energy Group (CEG) to a "Hold" rating.
Raymond James downgraded Baker Hughes (BHI) from an "Outperform" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from a Strong-Buy rating to an "Outperform" rating.
Credit Agricole downgraded Whiting Petroleum Co. (WLL) to an "Outperform" rating.
Caris & Co. upgraded Westar Energy, Inc. (WR) from an "Average" rating to an "Above Average" rating.
Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from an "Accumulate" rating to a "Buy" rating. They raised their price target from $8.50 to $13.00 on the company.
Caris & Co. downgraded MedAssets, Inc. (MDAS) from an "Above Average" rating to an "Average" rating.
TheStreet downgraded Constellation Energy Group (CEG) to a "Hold" rating.
Raymond James downgraded Baker Hughes (BHI) from an "Outperform" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from a Strong-Buy rating to an "Outperform" rating.
Credit Agricole downgraded Whiting Petroleum Co. (WLL) to an "Outperform" rating.
Caris & Co. upgraded Westar Energy, Inc. (WR) from an "Average" rating to an "Above Average" rating.
Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from an "Accumulate" rating to a "Buy" rating. They raised their price target from $8.50 to $13.00 on the company.
Caris & Co. downgraded MedAssets, Inc. (MDAS) from an "Above Average" rating to an "Average" rating.
Thursday, February 23, 2012
Fuel Tech (FTEK) (CEO) (JNPR) (VOLC) (DTV) (SINA) (TEN) Ratings, Price Targets
Fuel Tech Inc. (FTEK), CNOOC (CEO), Juniper Networks (JNPR), Volcano (VOLC), DirecTV (DTV), Sina (SINA) and Tenneco Inc. (TEN) had ratings and price targets on them adjusted by analysts.
Brean Murray initiated coverage on Fuel Tech Inc. (FTEK). They have a "Buy" rating and a price target of $8.00 on the company ,
Credit Suisse downgraded CNOOC (CEO) from an "Outperform" rating to a "Neutral" rating.
FBR Capital downgraded Juniper Networks (JNPR) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $25.00 to $21.00 on the company.
Feltl & Co. downgraded Volcano (VOLC) from a "Strong-Buy" rating to a "Buy" rating.
Atlantic Equities upgraded DirecTV (DTV) from a "Neutral" rating to an "Overweight" rating.
Barclays Capital downgraded Sina (SINA) from an "Overweight" rating to an "Equal Weight" rating.
Credit Agricole initiated coverage on Tenneco Inc. (TEN). They have an "Outperform" rating on the company.
Brean Murray initiated coverage on Fuel Tech Inc. (FTEK). They have a "Buy" rating and a price target of $8.00 on the company ,
Credit Suisse downgraded CNOOC (CEO) from an "Outperform" rating to a "Neutral" rating.
FBR Capital downgraded Juniper Networks (JNPR) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $25.00 to $21.00 on the company.
Feltl & Co. downgraded Volcano (VOLC) from a "Strong-Buy" rating to a "Buy" rating.
Atlantic Equities upgraded DirecTV (DTV) from a "Neutral" rating to an "Overweight" rating.
Barclays Capital downgraded Sina (SINA) from an "Overweight" rating to an "Equal Weight" rating.
Credit Agricole initiated coverage on Tenneco Inc. (TEN). They have an "Outperform" rating on the company.
Tuesday, February 21, 2012
Valero (VLO) (HFC) (PBR) (UPL) (HSP) (GM) Ratings, Price Targets
Valero Energy Co. (VLO), HollyFrontier (HFC), Petroleo Brasileiro SA (PBR), Ultra Petroleum Corp. (UPL), Hospira, Inc. (HSP) and General Motors (GM) had ratings and price targets on them adjusted by analysts.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
Statoil (STO) (ITRI) (CBEY) (OVTI) (ACOR) (WOOF) Ratings, Price Targets
Statoil (STO), Itron, Inc. (ITRI), Cbeyond (CBEY), OmniVision Technologies, Inc. (OVTI), Acorda Therapeutics Inc. (ACOR) and VCA Antech, Inc. (WOOF) had ratings and price targets on them adjusted by analysts.
Credit Suisse downgraded Statoil (STO) from a "Neutral" rating to an "Underperform" rating.
KeyBanc downgraded Itron, Inc. (ITRI) from a "Buy" rating to a "Hold" rating.
Craig Hallum downgraded Cbeyond (CBEY) from a "Buy" rating to a "Hold" rating.
JPMorgan Chase & Co. downgraded OmniVision Technologies, Inc. (OVTI) from an "Overweight" rating to a "Neutral" rating.
Citigroup downgraded Acorda Therapeutics Inc. (ACOR) from a "Buy" rating to a "Neutral" rating.
First Analysis downgraded VCA Antech, Inc. (WOOF) from an "Overweight" rating to an "Equal Weight" rating.
Credit Suisse downgraded Statoil (STO) from a "Neutral" rating to an "Underperform" rating.
KeyBanc downgraded Itron, Inc. (ITRI) from a "Buy" rating to a "Hold" rating.
Craig Hallum downgraded Cbeyond (CBEY) from a "Buy" rating to a "Hold" rating.
JPMorgan Chase & Co. downgraded OmniVision Technologies, Inc. (OVTI) from an "Overweight" rating to a "Neutral" rating.
Citigroup downgraded Acorda Therapeutics Inc. (ACOR) from a "Buy" rating to a "Neutral" rating.
First Analysis downgraded VCA Antech, Inc. (WOOF) from an "Overweight" rating to an "Equal Weight" rating.
Suncor (SU) (PFCB) (ROG) (SJM) (UMBF) (CFN) Ratings, Price Targets
Suncor Energy Inc. (SU), P.F. Chang's China Bistro (PFCB), Rogers Co. (ROG), The J.M. Smucker Company (SJM), UMB Financial Co. (UMBF) and CareFusion Co. (CFN) had ratings and price targets on them adjusted by analysts.
Raymond James upgraded P.F. Chang's China Bistro (PFCB) from an "Outperform" rating to a "Strong-Buy" rating.
DA Davidson upgraded Rogers Co. (ROG) from a "Neutral" rating to a "Buy" rating. They raised their price target from $42.00 $48.00 on the company.
Stephens upgraded The J.M. Smucker Company (SJM) from an "Equal Weight" rating to an "Overweight" rating.
Stifel Nicolaus upgraded Suncor Energy Inc. (SU) from a "Hold" rating to a "Buy" rating. They have a price target of $42.00 on the company.
Raymond James upgraded UMB Financial Co. (UMBF) from an "Underperform" rating to a "Market Perform" rating.
Morgan Keegan upgraded CareFusion Co. (CFN) from a "Market Perform" rating to an "Outperform" rating. They raised their price from $26.00 to $31.00 on the company.
Raymond James upgraded P.F. Chang's China Bistro (PFCB) from an "Outperform" rating to a "Strong-Buy" rating.
DA Davidson upgraded Rogers Co. (ROG) from a "Neutral" rating to a "Buy" rating. They raised their price target from $42.00 $48.00 on the company.
Stephens upgraded The J.M. Smucker Company (SJM) from an "Equal Weight" rating to an "Overweight" rating.
Stifel Nicolaus upgraded Suncor Energy Inc. (SU) from a "Hold" rating to a "Buy" rating. They have a price target of $42.00 on the company.
Raymond James upgraded UMB Financial Co. (UMBF) from an "Underperform" rating to a "Market Perform" rating.
Morgan Keegan upgraded CareFusion Co. (CFN) from a "Market Perform" rating to an "Outperform" rating. They raised their price from $26.00 to $31.00 on the company.
Friday, February 17, 2012
Valero (VLO) (UPL) (HFC) (MSPD) (WOOF) (NILE) (FRT) Ratings, Price Targets
Valero Energy (NYSE:VLO), Ultra Petroleum (NYSE:UPL), HollyFrontier (HFC), Mindspeed (NASDAQ:MSPD), VCA Antech (NASDAQ:WOOF), Blue Nile (NASDAQ:NILE) and Frontier Communications (NASDAQ:FTR) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Thursday, February 16, 2012
Comcast (CMCSA) (LO) (WFR) (BNPQY) (CEO) (CQB) Ratings, Price Targets
Comcast (CMCSA), Lorillard (LO), MEMC Electronics (WFR), BNP Paribas (BNPQY), CNOOC (CEO) and Chiquita Brands (CQB) had ratings and price targets on them adjusted by analysts.
Jefferies (NYSE:JEF) initiated coverage on Lorillard (LO). They placed a "Buy" rating on the company.
MEMC Electronics (WFR) was upgraded by Jefferies from an "Underperform" rating to a "Hold" rating.
BNP Paribas (BNPQY) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
CNOOC (CEO) was downgraded by Jefferies from a "Market Perform" rating to an "Underperform" rating.
Comcast (CMCSA) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Chiquita Brands (CQB) was downgraded by BB&T Capital from a "Buy" rating to a "Hold" rating.
Jefferies (NYSE:JEF) initiated coverage on Lorillard (LO). They placed a "Buy" rating on the company.
MEMC Electronics (WFR) was upgraded by Jefferies from an "Underperform" rating to a "Hold" rating.
BNP Paribas (BNPQY) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
CNOOC (CEO) was downgraded by Jefferies from a "Market Perform" rating to an "Underperform" rating.
Comcast (CMCSA) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Chiquita Brands (CQB) was downgraded by BB&T Capital from a "Buy" rating to a "Hold" rating.
C&J Energy (CJES) Reports Quarterly Earnings
C&J Energy Services (NYSE:CJES) released its fourth quarter earnings results on Wednesday, reporting net income of $53.4 million, or $1.00 per diluted share.
That was a big increase over fourth quarter results in 2011, where the company produced net income of $14.5 million, or $0.30 per diluted share.
Revenue in the latest quarter came to $220.1 million, down from the third quarter revenue of $229 million. That was attributed to customers of C&J deciding to provide their own sand on some of the jobs, as well as under utilization of some of the guaranteed pumping hours because of holidays and delays on some wells.
Josh Comstock, Chairman, President and Chief Executive Officer, said in a press release, "Demand for our services remained strong. We generated higher net income despite a slight dip in revenue as our high margin service revenue grew and our lower margin sand revenue declined. Our fourth quarter profitability demonstrates the benefits associated with the flexibility of our business model and our contracts that adjust to changing customer needs while still providing solid margins and bottom-line returns."
"Our debt free balance sheet, approximately $65 million in cash currently on hand and full access to our $200.0 million revolving credit facility provide exceptional flexibility to take advantage of growth opportunities. In addition to actively evaluating opportunities for organic growth, we are also well positioned to pursue strategic acquisitions that could support our geographic expansion in unconventional resource plays," he added.
Morgan Stanley (NYSE: MS) initiated coverage on C&J Energy Services on Thursday, February 9th. They placed an “Equal Weight” rating on the company.
C&J closed Wednesday at $19.85, falling $0.14, or 0.70 percent. They gained all that back in after hours trading.
That was a big increase over fourth quarter results in 2011, where the company produced net income of $14.5 million, or $0.30 per diluted share.
Revenue in the latest quarter came to $220.1 million, down from the third quarter revenue of $229 million. That was attributed to customers of C&J deciding to provide their own sand on some of the jobs, as well as under utilization of some of the guaranteed pumping hours because of holidays and delays on some wells.
Josh Comstock, Chairman, President and Chief Executive Officer, said in a press release, "Demand for our services remained strong. We generated higher net income despite a slight dip in revenue as our high margin service revenue grew and our lower margin sand revenue declined. Our fourth quarter profitability demonstrates the benefits associated with the flexibility of our business model and our contracts that adjust to changing customer needs while still providing solid margins and bottom-line returns."
"Our debt free balance sheet, approximately $65 million in cash currently on hand and full access to our $200.0 million revolving credit facility provide exceptional flexibility to take advantage of growth opportunities. In addition to actively evaluating opportunities for organic growth, we are also well positioned to pursue strategic acquisitions that could support our geographic expansion in unconventional resource plays," he added.
Morgan Stanley (NYSE: MS) initiated coverage on C&J Energy Services on Thursday, February 9th. They placed an “Equal Weight” rating on the company.
C&J closed Wednesday at $19.85, falling $0.14, or 0.70 percent. They gained all that back in after hours trading.
Wednesday, February 15, 2012
Generac (GNRC) (FMS) (DBOEY) (WTW) (ZNGA) (BXP) (COH) (AAT) Ratings, Price Targets
Generac (NYSE:GNRC), Fresenius Medical (NYSE:FMS), Deutsche Börse (OTC:DBOEY), Weight Watchers International (NYSE:WTW), Zynga (NASDAQ:ZNGA), Boston Properties (NYSE:BXP), WSM Coach, Inc. (NYSE:COH) and American Assets Trust (NYSE:AAT) had ratings and price targets on them adjusted by analysts.
TheStreet Ratings initiated coverage on American Assets Trust (AAT). They placed a "Hold" rating on the company.
Generac (GNRC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $28.00 on the company.
Fresenius Medical (FMS) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Deutsche Börse (DBOEY.PK) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Weight Watchers International (WTW) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Zynga (ZNGA) was downgraded by Robert W. Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $13.00 on the company.
Boston Properties (BXP) had its price target raised by Jefferies (NYSE:JEF) to $95.00. They have a "Hold" rating on the company.
WSM Coach, Inc. (COH) had its price target raised at Jefferies to $90.00. They have a "Buy" rating on the company.
TheStreet Ratings initiated coverage on American Assets Trust (AAT). They placed a "Hold" rating on the company.
Generac (GNRC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $28.00 on the company.
Fresenius Medical (FMS) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Deutsche Börse (DBOEY.PK) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Weight Watchers International (WTW) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Zynga (ZNGA) was downgraded by Robert W. Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $13.00 on the company.
Boston Properties (BXP) had its price target raised by Jefferies (NYSE:JEF) to $95.00. They have a "Hold" rating on the company.
WSM Coach, Inc. (COH) had its price target raised at Jefferies to $90.00. They have a "Buy" rating on the company.
Golar (GMLP) (CPA) (FIS) (BBVA) (PLCE) (FOSL) Ratings, Price Targets
Golar LNG Partners (NASDAQ:GMLP), Copa Holdings (NYSE:CPA), Fidelity National Information Services (NYSE:FIS), Banco Bilbao Vizcaya (NYSE:BBVA), Children’s Place (NASDAQ:PLCE) and Fossil (NASDAQ:FOSL) had ratings and price targets on them adjusted by analysts.
Dahlman Rose initiated coverage on Golar LNG Partners (GMLP). They placed a "Buy" rating and price target of $40.00 on the company.
Copa Holdings (CPA) was upgraded by Barclays (NYSE:BCS) from an "Equal Weight" rating to an "Overweight" rating.
Fidelity National Information Services (FIS) was upgraded by JP Morgan (NYSE:JPM) from an "Underweight" rating to a "Neutral" rating.
Banco Bilbao Vizcaya (BBVA) was downgraded by BNP Paribas from a "Market Perform" rating to an "Underperform" rating.
Children’s Place (PLCE) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Fossil (FOSL) was downgraded by Benchmark Company from a "Buy" rating to a "Hold" rating.
Dahlman Rose initiated coverage on Golar LNG Partners (GMLP). They placed a "Buy" rating and price target of $40.00 on the company.
Copa Holdings (CPA) was upgraded by Barclays (NYSE:BCS) from an "Equal Weight" rating to an "Overweight" rating.
Fidelity National Information Services (FIS) was upgraded by JP Morgan (NYSE:JPM) from an "Underweight" rating to a "Neutral" rating.
Banco Bilbao Vizcaya (BBVA) was downgraded by BNP Paribas from a "Market Perform" rating to an "Underperform" rating.
Children’s Place (PLCE) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Fossil (FOSL) was downgraded by Benchmark Company from a "Buy" rating to a "Hold" rating.
Murphy Oil (MUR) (GPRO) (HD) (CRM) (ABC) (BMC) Ratings, Price Targets
Murphy Oil (NYSE:MUR), Gen-Probe (GPRO), Home Depot (NYSE:HD), Salesforce.com (CRM), AmerisourceBergen (ABC) and BMC Software (BMC) had ratings and price targets on them adjusted by analysts.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Tuesday, February 14, 2012
Regal Entertainment (RGC) (CZR) (TRIP) (P) (BBBY) (IHG) Ratings, Price Targets
Regal Entertainment (NYSE:RGC), Caesars Entertainment (NASDAQ:CZR), TripAdvisor (NASDAQ:TRIP), Pandora Media (NYSE:P), Bed Bath & Beyond (NASDAQ:BBBY) and Intercontinental Hotels Group (NYSE:IHG) had ratings and price targets on them adjusted by analysts.
Imperial Capital initiated coverage on Caesars Entertainment (CZR). They placed an "Outperform" rating and a price target of $16.20 on the company.
Capstone initiated coverage on TripAdvisor (TRIP). They placed a "Strong Buy" rating on the company.
Capstone initiated coverage on Pandora Media (P). They placed a "Hold" rating on the company.
Regal Entertainment (RGC) was upgraded by Piper Jaffray (NYSE:PJC) from a "Neutral" rating to an "Overweight" rating.
Bed Bath & Beyond (BBBY) was downgraded by Citigroup (NYSE:C) from a "Buy" rating to a "Neutral" rating.
Intercontinental Hotels Group (IHG) was downgraded by Jefferies Group (NYSE:JEF) form a "Buy" rating to a "Hold" rating.
Imperial Capital initiated coverage on Caesars Entertainment (CZR). They placed an "Outperform" rating and a price target of $16.20 on the company.
Capstone initiated coverage on TripAdvisor (TRIP). They placed a "Strong Buy" rating on the company.
Capstone initiated coverage on Pandora Media (P). They placed a "Hold" rating on the company.
Regal Entertainment (RGC) was upgraded by Piper Jaffray (NYSE:PJC) from a "Neutral" rating to an "Overweight" rating.
Bed Bath & Beyond (BBBY) was downgraded by Citigroup (NYSE:C) from a "Buy" rating to a "Neutral" rating.
Intercontinental Hotels Group (IHG) was downgraded by Jefferies Group (NYSE:JEF) form a "Buy" rating to a "Hold" rating.
El Paso (EP) (WPZ) (CHKM) (TRP) (RRMS) (ENB) (SE) Ratings, Price Targets
El Paso (EP), Williams Partners (WPZ), Chesapeake Midstream (CHKM), TransCanada (TRP) Rose Rock Midstream (RRMS), Enbridge Inc (ENB), and Spectra Energy (SE) had ratings and price targets on them adjusted by analysts.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Monday, February 13, 2012
Exxon Mobil (XOM) Flex Muscles in Iraq
After signing an exploration deal with Kurdistan in the latter part of 2011, Exxon Mobil (NYSE:XOM), not unexpectedly, won't be allowed to bid in the next round of oil and gas exploration contracts in Iraq.
That's of little consequence, as the inept and corrupt Iraqi government only allows energy Western businesses in the country to take somewhere around $2 a barrel, regardless of what the price of oil is.
Many Western energy companies have foolishly went along with the Iraqis in hope of getting better deals later, but that could be playing a fool's game, something Exxon Mobil is wise not to engage in.
The decision to work with Kurdistan and its better deals has to be seen as the energy giant sending a message to Iraq, no matter how it all turns out. It also points to the outrageous actions of the Iraqi government towards the West, as the companies participating in the production in the country aren't making any money there.
As long as they are willing to grab onto the carrot, they won't profit in the region until they force the hand of the Iraqi government, as Exxon is wisely attempting to do.
It was extremely premature for other western energy companies to enter into deals with Iraq before decisions were made as to how the oil royalties would be divided up.
This is the reason Iraq has opposed any Western company doing business with the Kurds, as the competition forces them to react to the offer of the Kurds, which is superior to the laughable 'offer' of Iraq to the western oil companies.
Deputy Prime Minster for Energy Hussein al-Shahristani has said he would like to have Exxon working in the country, but noted the company knows the terms of working there.
To work in Iraq is the equivalent of doing charity in the country, and until the government changes their mind, it would be better for any energy company not to deal with a country that doesn't allow businesses to profit there.
That's of little consequence, as the inept and corrupt Iraqi government only allows energy Western businesses in the country to take somewhere around $2 a barrel, regardless of what the price of oil is.
Many Western energy companies have foolishly went along with the Iraqis in hope of getting better deals later, but that could be playing a fool's game, something Exxon Mobil is wise not to engage in.
The decision to work with Kurdistan and its better deals has to be seen as the energy giant sending a message to Iraq, no matter how it all turns out. It also points to the outrageous actions of the Iraqi government towards the West, as the companies participating in the production in the country aren't making any money there.
As long as they are willing to grab onto the carrot, they won't profit in the region until they force the hand of the Iraqi government, as Exxon is wisely attempting to do.
It was extremely premature for other western energy companies to enter into deals with Iraq before decisions were made as to how the oil royalties would be divided up.
This is the reason Iraq has opposed any Western company doing business with the Kurds, as the competition forces them to react to the offer of the Kurds, which is superior to the laughable 'offer' of Iraq to the western oil companies.
Deputy Prime Minster for Energy Hussein al-Shahristani has said he would like to have Exxon working in the country, but noted the company knows the terms of working there.
To work in Iraq is the equivalent of doing charity in the country, and until the government changes their mind, it would be better for any energy company not to deal with a country that doesn't allow businesses to profit there.
Weatherford (NYSE:WFT) Cleared of Gulf Spill Claims
U.S. district court judge Carl Barbier has ruled that Weatherford (NYSE:WFT) wasn't part of the cause leading to the Macondo well oil spill in the Gulf of Mexico.
The decision centered around the float collar provided by Weatherford for the well. The judge said its performance had no part in the failure of the well or the resulting oil spill.
Consequently, all charges against the company have been dismissed.
Weatherford had paid BP (NYSE:BP) $75 million in order to indemnify it against any claims related to the spill. Any other claims against the company are now cleared.
Weatherford was trading at $17.83, up $0.03, or 0.20 percent, as of 10:41 AM EST.
The decision centered around the float collar provided by Weatherford for the well. The judge said its performance had no part in the failure of the well or the resulting oil spill.
Consequently, all charges against the company have been dismissed.
Weatherford had paid BP (NYSE:BP) $75 million in order to indemnify it against any claims related to the spill. Any other claims against the company are now cleared.
Weatherford was trading at $17.83, up $0.03, or 0.20 percent, as of 10:41 AM EST.
EnerSys (ENS) (FSLR) (RHT) (RRGB) (SPR) (LO) (RYCEY) Ratings, Price Targets
EnerSys (NYSE: ENS), First Solar, Inc. (NASDAQ: FSLR), Red Hat (NYSE: RHT), Red Robin Gourmet Burgers (NASDAQ: RRGB), Spirit AeroSystems Holdings, Inc. (NYSE: SPR), Lorillard Inc. (NYSE: LO) and Rolls-Royce Group plc (NASDAQ: RYCEY) had ratings and price targets on them adjusted by analysts.
First Solar, Inc. (FSLR) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company.
EnerSys (ENS) had its price target raised by Needham & Company from $30.00 to $37.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target raised by Evercore Partners from $52.00 to $56.00. They have an “Overweight” rating on the company.
Red Robin Gourmet Burgers (RRGB) had its price target raised by Bank of America (NYSE:BAC) from $33.00 to $37.00. They have a “Buy” rating on the company.
Spirit AeroSystems Holdings, Inc. (SPR) had its price target raised by Deutsche Bank (NYSE:DB) from $25.00 to $26.00. They have a “Hold” rating on the company.
Lorillard Inc. (LO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Rolls-Royce Group plc (RYCEY) was downgraded by BNP Paribas from an “Outperform” rating to a “Neutral” rating.
First Solar, Inc. (FSLR) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company.
EnerSys (ENS) had its price target raised by Needham & Company from $30.00 to $37.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target raised by Evercore Partners from $52.00 to $56.00. They have an “Overweight” rating on the company.
Red Robin Gourmet Burgers (RRGB) had its price target raised by Bank of America (NYSE:BAC) from $33.00 to $37.00. They have a “Buy” rating on the company.
Spirit AeroSystems Holdings, Inc. (SPR) had its price target raised by Deutsche Bank (NYSE:DB) from $25.00 to $26.00. They have a “Hold” rating on the company.
Lorillard Inc. (LO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Rolls-Royce Group plc (RYCEY) was downgraded by BNP Paribas from an “Outperform” rating to a “Neutral” rating.
Tesla (TSLA) (JEC) (SYMC) (TEX) (ACAT) (BDC) (CGNX) Ratings, Price Targets
Tesla Motors (NASDAQ: TSLA), Jacobs Engineering (NYSE: JEC), Symantec (NASDAQ: SYMC), Terex Co. (NYSE: TEX), Arctic Cat Inc. (NASDAQ: ACAT), Belden (NYSE: BDC) and Cognex Co. (NASDAQ: CGNX) had ratings and price targets on them adjusted by analysts.
Tesla Motors (TSLA) had its “Buy” rating reiterated by Needham & Company.
Citigroup (NYSE:C) initiated coverage on Jacobs Engineering (JEC). They placed a “Neutral” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Symantec (SYMC). They placed a “Neutral” rating on the company.
BB&T (NYSE:BBT) initiated coverage on Terex Co. (TEX). They placed a “Buy” rating and a price target of $30.00 on the company.
Arctic Cat Inc. (ACAT) had its price target raised by Wedbush from $29.00 to $33.00. They have a “Neutral” rating on the company.
Belden (BDC) had its price target raised by Longbow Research from $42.00 to $46.00. They have a “Buy” rating on the company.
Cognex Co. (CGNX) had its price target raised by Needham & Company from $38.00 to $48.00. They have a “Buy” rating on the company.
Tesla Motors (TSLA) had its “Buy” rating reiterated by Needham & Company.
Citigroup (NYSE:C) initiated coverage on Jacobs Engineering (JEC). They placed a “Neutral” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Symantec (SYMC). They placed a “Neutral” rating on the company.
BB&T (NYSE:BBT) initiated coverage on Terex Co. (TEX). They placed a “Buy” rating and a price target of $30.00 on the company.
Arctic Cat Inc. (ACAT) had its price target raised by Wedbush from $29.00 to $33.00. They have a “Neutral” rating on the company.
Belden (BDC) had its price target raised by Longbow Research from $42.00 to $46.00. They have a “Buy” rating on the company.
Cognex Co. (CGNX) had its price target raised by Needham & Company from $38.00 to $48.00. They have a “Buy” rating on the company.
Devon (DVN) (XCO) (ENS) (GPOR) (CIE) (ELON) (CARB) Ratings, Price Targets
Devon Energy Co. (NYSE: DVN), EXCO Resources, Inc. (NYSE: XCO), EnerSys (NYSE: ENS), Gulfport Energy Co. (NASDAQ: GPOR), Cobalt International Energy (NYSE: CIE), Echelon Co. (NASDAQ: ELON) and Carbonite (NASDAQ: CARB) had ratings and price targets on them adjusted by analysts.
EXCO Resources, Inc. (XCO) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $8.00 on the company, down from $13.00.
EnerSys (ENS) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
RBC Capital initiated coverage on Gulfport Energy Co. (GPOR). They placed a “Sector Perform” rating on the company.
Cobalt International Energy (CIE) had its price target raised by Goldman Sachs (NYSE:GS) from $24.00 to $31.00. They have a “Buy” rating on the company.
Echelon Co. (ELON) had its price target lowered by Needham & Company from $11.00 to $9.00. They have a “Buy” rating on the company.
Devon Energy Co. (DVN) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Carbonite (CARB) had its “Buy” rating reiterated by Canaccord Genuity.
EXCO Resources, Inc. (XCO) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $8.00 on the company, down from $13.00.
EnerSys (ENS) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
RBC Capital initiated coverage on Gulfport Energy Co. (GPOR). They placed a “Sector Perform” rating on the company.
Cobalt International Energy (CIE) had its price target raised by Goldman Sachs (NYSE:GS) from $24.00 to $31.00. They have a “Buy” rating on the company.
Echelon Co. (ELON) had its price target lowered by Needham & Company from $11.00 to $9.00. They have a “Buy” rating on the company.
Devon Energy Co. (DVN) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Carbonite (CARB) had its “Buy” rating reiterated by Canaccord Genuity.
Friday, February 10, 2012
Moodys (MCO) (BIG) (GRPN) (IR) (RIMM) (CVS) (RAX) Ratings, Price Targets
Moodys Corporation (NYSE: MCO), Big Lots, Inc. (NYSE: BIG), Groupon (NASDAQ: GRPN), Ingersoll-Rand (NYSE: IR), Research In Motion (NASDAQ: RIMM), CVS Caremark (NYSE: CVS) and Rackspace Hosting, Inc. (NYSE: RAX) had ratings and price targets on them adjusted by analysts.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Big Lots, Inc. (BIG). They placed a “Neutral” rating and a price target of $48.00 on the company.
Groupon (GRPN) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Ingersoll-Rand (IR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Research In Motion (RIMM) had its “Hold” rating reiterated by Canaccord Genuity.
CVS Caremark (CVS) had its price target raised by Goldman Sachs (NYSE:GS) from $46.00 to $48.00. They have a “Buy” rating on the company.
Moodys Corporation (MCO) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $43.00 to $45.00. They have an “Overweight” rating on the company.
Rackspace Hosting, Inc. (RAX) had its price target raised by Evercore Partners from $52.00 to $58.00. They have an “Overweight” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Big Lots, Inc. (BIG). They placed a “Neutral” rating and a price target of $48.00 on the company.
Groupon (GRPN) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Ingersoll-Rand (IR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Research In Motion (RIMM) had its “Hold” rating reiterated by Canaccord Genuity.
CVS Caremark (CVS) had its price target raised by Goldman Sachs (NYSE:GS) from $46.00 to $48.00. They have a “Buy” rating on the company.
Moodys Corporation (MCO) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $43.00 to $45.00. They have an “Overweight” rating on the company.
Rackspace Hosting, Inc. (RAX) had its price target raised by Evercore Partners from $52.00 to $58.00. They have an “Overweight” rating on the company.
Akamai Technologies (AKAM) Ratings, Price Targets
Akamai Technologies (NASDAQ: AKAM) had ratings and price targets on it adjusted by analysts.
Akamai Technologies (AKAM) had its price target raised by Stifel Nicolaus from $32.00 to $43.00. They have a “Buy” rating on the stock.
Akamai Technologies had its price target raised by Piper Jaffray (NYSE:PJC) from $26.00 to $36.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target raised by DA Davidson from $36.00 to $40.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target lowered by FBR Capital from $32.00 to $25.00. They have a “Market Perform” rating on the stock.
Akamai Technologies had its price target raised by Jefferies Group (NYSE:JEF) from $36.00 to $41.00. They have a “Hold” rating on the stock.
Akamai Technologies was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Akamai Technologies was upgraded by CLSA from an “Outperform” rating to a “Buy” rating.
Akamai Technologies (AKAM) had its price target raised by Stifel Nicolaus from $32.00 to $43.00. They have a “Buy” rating on the stock.
Akamai Technologies had its price target raised by Piper Jaffray (NYSE:PJC) from $26.00 to $36.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target raised by DA Davidson from $36.00 to $40.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target lowered by FBR Capital from $32.00 to $25.00. They have a “Market Perform” rating on the stock.
Akamai Technologies had its price target raised by Jefferies Group (NYSE:JEF) from $36.00 to $41.00. They have a “Hold” rating on the stock.
Akamai Technologies was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Akamai Technologies was upgraded by CLSA from an “Outperform” rating to a “Buy” rating.
Teekay (TNK) (WFT) (CMP) (ERF) (TAT) (RRC) Ratings, Price Targets
Teekay Tankers Ltd. (NYSE: TNK), Weatherford (NYSE: WFT), Compass Minerals International, Inc. (NYSE: CMP), Enerplus Resources Fund (NYSE: ERF), Transatlantic Petroleum Limited (NYSE: TAT) and Range Resources (NYSE: RRC) had ratings and price targets on them adjusted by analysts.
Teekay Tankers Ltd. (TNK) had its price target lowered by Evercore Partners from $6.50 to $6.00. They have an “Overweight” rating on the company.
Weatherford (WFT) had its price target raised by Bank of America (NYSE:BAC) from $21.00 to $25.00. They have a “Buy” rating on the company.
Compass Minerals International, Inc. (CMP) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $66.00 on the company, down from $71.00.
Enerplus Resources Fund (ERF) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Transatlantic Petroleum Limited (TAT) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating.
Range Resources (RRC) was upgraded by Capital One to a “Neutral” rating.
Teekay Tankers Ltd. (TNK) had its price target lowered by Evercore Partners from $6.50 to $6.00. They have an “Overweight” rating on the company.
Weatherford (WFT) had its price target raised by Bank of America (NYSE:BAC) from $21.00 to $25.00. They have a “Buy” rating on the company.
Compass Minerals International, Inc. (CMP) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $66.00 on the company, down from $71.00.
Enerplus Resources Fund (ERF) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Transatlantic Petroleum Limited (TAT) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating.
Range Resources (RRC) was upgraded by Capital One to a “Neutral” rating.
Thursday, February 9, 2012
Dick’s (DKS) (VPHM) (ADSK) (AGN) (MTSN) (V) (CNL) Ratings, Price Targets
Dick’s Sporting Goods (NYSE: DKS), ViroPharma Incorporated (NASDAQ: VPHM), Autodesk (NASDAQ: ADSK), Allergan, Inc. (NYSE: AGN), Mattson Technology, Inc. (NASDAQ: MTSN), Visa Inc. (NYSE: V) and Cleco Co. (NYSE: CNL) had ratings and price targets on them adjusted by analysts.
Dick’s Sporting Goods (DKS) had its “Buy” rating reiterated by Canaccord Genuity.
ViroPharma Incorporated (VPHM) had its “buy” rating reiterated by analysts at Brean Murray.
Autodesk (ADSK) had its price target raised by RBC Capital from $38.00 to $42.00. They have a “Sector Perform” rating on the company.
Allergan, Inc. (AGN) had its price target raised by Morgan Stanley (NYSE:MS) from $90.00 to $98.00. They have an “Overweight” rating on the company.
Mattson Technology, Inc. (MTSN) had its price target raised by Rodman & Renshaw from $3.00 to $4.50. They have an “Outperform” rating on the company.
Visa Inc. (V) had its price target raised by Stifel Nicolaus from $109.00 to $125.00. They have a “Buy” rating on the company.
Cleco Co. (CNL) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company, down from $41.00.
Dick’s Sporting Goods (DKS) had its “Buy” rating reiterated by Canaccord Genuity.
ViroPharma Incorporated (VPHM) had its “buy” rating reiterated by analysts at Brean Murray.
Autodesk (ADSK) had its price target raised by RBC Capital from $38.00 to $42.00. They have a “Sector Perform” rating on the company.
Allergan, Inc. (AGN) had its price target raised by Morgan Stanley (NYSE:MS) from $90.00 to $98.00. They have an “Overweight” rating on the company.
Mattson Technology, Inc. (MTSN) had its price target raised by Rodman & Renshaw from $3.00 to $4.50. They have an “Outperform” rating on the company.
Visa Inc. (V) had its price target raised by Stifel Nicolaus from $109.00 to $125.00. They have a “Buy” rating on the company.
Cleco Co. (CNL) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company, down from $41.00.
BP (BP) (APC) (MMP) (SD) (SPN) (SLH) (WLL) (CAM) Ratings, Price Targets
BP PLC (NYSE: BP), Anadarko Petroleum (NYSE: APC), Magellan Midstream (NYSE: MMP), SandRidge Energy Inc. (NYSE: SD), Superior Energy Services (NYSE: SPN), Solera Holdings, Inc. (NYSE: SLH), Whiting Petroleum Co. (NYSE: WLL) and Cameron (NYSE: CAM) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its price target raised by RBC Capital from $100.00 to $103.00. They have an “Outperform” rating on the company.
Magellan Midstream (MMP) had its price target raised by RBC Capital from $74.00 to $78.00. They have an “Outperform” rating on the company.
SandRidge Energy Inc. (SD) had its price target lowered by Deutsche Bank (NYSE:DB) to $9.00.
Superior Energy Services (SPN) had its price target raised by Citigroup (NYSE:C) from $38.00 to $41.00. They have a “Buy” rating on the company.
Solera Holdings, Inc. (SLH) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $53.00 to $54.00. They have an “Overweight” rating on the company.
Whiting Petroleum Co. (WLL) had its price target raised by Stifel Nicolaus from $70.00 to $75.00. They have a “Buy” rating on the company.
BP PLC (BP) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Cameron (NYSE: CAM) was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating.
Anadarko Petroleum (APC) had its price target raised by RBC Capital from $100.00 to $103.00. They have an “Outperform” rating on the company.
Magellan Midstream (MMP) had its price target raised by RBC Capital from $74.00 to $78.00. They have an “Outperform” rating on the company.
SandRidge Energy Inc. (SD) had its price target lowered by Deutsche Bank (NYSE:DB) to $9.00.
Superior Energy Services (SPN) had its price target raised by Citigroup (NYSE:C) from $38.00 to $41.00. They have a “Buy” rating on the company.
Solera Holdings, Inc. (SLH) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $53.00 to $54.00. They have an “Overweight” rating on the company.
Whiting Petroleum Co. (WLL) had its price target raised by Stifel Nicolaus from $70.00 to $75.00. They have a “Buy” rating on the company.
BP PLC (BP) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Cameron (NYSE: CAM) was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating.
Wednesday, February 8, 2012
BP (BP) Earnings Appear Under Pressure for 2012
BP (NYSE:BP) had a couple of analysts express concern over the performance of the company in 2012, pressuring the stock in early trading.
Jefferies (NYSE:JEF) said the oil giant is unlikely to boost production before 2014, which will probably mean earnings estimates will be lower than projected. They also cited higher tax rates and charges as another factor in the earnings performance of BP.
Consequently, Jefferies cut its earnings estimate on BP from $1.24 a share to $1.20 a share. For 2013, it raised its EPS estimate from 94 cents a share to 95 cents a share. Even so, the brokerage reiterated its "Buy" rating on the energy company.
Societe Generale downgraded BP on Wednesday from a "Buy" rating to a "Hold" rating, citing uncertainties surrounding legal liabilities as the Macondo trial date of February 27 approaches.
"The key risk is the start of the Macondo trial on February 27. The impossibility of 'calling' the legal outcome, leads us tactically to a hold rating, following a year of outperformance," the analysts said.
Societe Generale also noted that BP will be the last entity to offer its evidence, meaning the news cycle will probably be negative in the early part of the trial, suggesting pressure on the stock.
Possibly in anticipation of this, BP boosted its dividend to a quarterly rate of 8 cents a share after a solid quarter, where the earnings of the company rose to $7.69 billion on revenue of $96.3 billion.
BP was trading at $46.59, falling $0.01, or 0.02 percent, as of 11:10 AM EST.
Jefferies (NYSE:JEF) said the oil giant is unlikely to boost production before 2014, which will probably mean earnings estimates will be lower than projected. They also cited higher tax rates and charges as another factor in the earnings performance of BP.
Consequently, Jefferies cut its earnings estimate on BP from $1.24 a share to $1.20 a share. For 2013, it raised its EPS estimate from 94 cents a share to 95 cents a share. Even so, the brokerage reiterated its "Buy" rating on the energy company.
Societe Generale downgraded BP on Wednesday from a "Buy" rating to a "Hold" rating, citing uncertainties surrounding legal liabilities as the Macondo trial date of February 27 approaches.
"The key risk is the start of the Macondo trial on February 27. The impossibility of 'calling' the legal outcome, leads us tactically to a hold rating, following a year of outperformance," the analysts said.
Societe Generale also noted that BP will be the last entity to offer its evidence, meaning the news cycle will probably be negative in the early part of the trial, suggesting pressure on the stock.
Possibly in anticipation of this, BP boosted its dividend to a quarterly rate of 8 cents a share after a solid quarter, where the earnings of the company rose to $7.69 billion on revenue of $96.3 billion.
BP was trading at $46.59, falling $0.01, or 0.02 percent, as of 11:10 AM EST.
Fossil (FOSL) (PENN) (PETM) (BMTI) (CSTR) (TMK) (TRLG) Ratings, Price Targets
Fossil (NASDAQ: FOSL), Penn National Gaming (NASDAQ: PENN), Petsmart (NASDAQ: PETM), BioMimetic Therapeutics, Inc. (NASDAQ: BMTI), Coinstar (NASDAQ: CSTR), Torchmark Co. (NYSE: TMK) and True Religion Apparel, Inc. (NASDAQ: TRLG) had ratings and price targets on them adjusted by analysts.
Penn National Gaming (PENN) had its “Sell” rating reiterated by Goldman Sachs (NYSE:GS).
Petsmart (PETM) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
BioMimetic Therapeutics, Inc. (BMTI) had its price target raised by Collins Stewart from $4.00 to $7.00.
Coinstar (CSTR) had its price target raised by Canaccord Genuity to $57.00.
Torchmark Co. (TMK) had its price target raised by FBR Capital from $48.00 to $57.00. They have an “Outperform” rating on the company.
True Religion Apparel, Inc. (TRLG) had its price target raised by Benchmark Co. from $38.00 to $43.00. They have a “Buy” rating on the company.
Fossil (FOSL) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $100.00 on the company.
Penn National Gaming (PENN) had its “Sell” rating reiterated by Goldman Sachs (NYSE:GS).
Petsmart (PETM) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
BioMimetic Therapeutics, Inc. (BMTI) had its price target raised by Collins Stewart from $4.00 to $7.00.
Coinstar (CSTR) had its price target raised by Canaccord Genuity to $57.00.
Torchmark Co. (TMK) had its price target raised by FBR Capital from $48.00 to $57.00. They have an “Outperform” rating on the company.
True Religion Apparel, Inc. (TRLG) had its price target raised by Benchmark Co. from $38.00 to $43.00. They have a “Buy” rating on the company.
Fossil (FOSL) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $100.00 on the company.
Tuesday, February 7, 2012
Anadarko (APC) (NFX) (MMP) (CRK) (GSM) (WYNN) (CSTR) Ratings, Price Targets
Anadarko Petroleum (NYSE: APC), Newfield Exploration Co. (NYSE: NFX), Magellan Midstream (NYSE: MMP), Comstock Resources (NYSE: CRK), Globe Specialty Metals, Inc. (NYSE: GSM), Wynn Resorts, Limited (NASDAQ: WYNN) and Coinstar (NASDAQ: CSTR) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Newfield Exploration Co. (NFX) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $41.00 on the company, down from $44.00.
Magellan Midstream (MMP) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. They have a price target of $65.50 on the company, down from $76.00.
Comstock Resources (CRK) had its “Buy” rating reiterated by Canaccord Genuity.
Globe Specialty Metals, Inc. (GSM) had its price target raised by Auriga from $17.00 to $20.00.
Wynn Resorts, Limited (WYNN) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).
Coinstar (CSTR) had its price target raised by Benchmark Co. from $70.00 to $75.00. They have a “Buy” rating on the company.
Anadarko Petroleum (APC) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Newfield Exploration Co. (NFX) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $41.00 on the company, down from $44.00.
Magellan Midstream (MMP) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. They have a price target of $65.50 on the company, down from $76.00.
Comstock Resources (CRK) had its “Buy” rating reiterated by Canaccord Genuity.
Globe Specialty Metals, Inc. (GSM) had its price target raised by Auriga from $17.00 to $20.00.
Wynn Resorts, Limited (WYNN) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).
Coinstar (CSTR) had its price target raised by Benchmark Co. from $70.00 to $75.00. They have a “Buy” rating on the company.
Haynes (HAYN) (RVBD) (RWEOY) (AMLN) (AVB) (SNCR) (STT) Ratings, Price Targets
Haynes International, Inc. (NASDAQ: HAYN), Riverbed Technology, Inc. (NASDAQ: RVBD), RWE AG (NASDAQ: RWEOY), Amylin Pharma (NASDAQ: AMLN), AvalonBay Communities, Inc. (NYSE: AVB), Synchronoss Technologies, Inc. (NASDAQ: SNCR) and State Street Co. (NYSE: STT) had ratings and price targets on them adjusted by analysts.
Riverbed Technology, Inc. (RVBD) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $34.00 on the company.
RWE AG (RWEOY) was upgraded by HSBC (NYSE:HBC) from an “Underweight” rating to a “Neutral” rating.
Amylin Pharma (AMLN) had its price target lowered by Imperial Capital to $7.50.
AvalonBay Communities, Inc. (AVB) had its price target raised by Jefferies Group (NYSE:JEF) to $131.00.
Synchronoss Technologies, Inc. (SNCR) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
State Street Co. (STT) was downgraded by Evercore Partners from an “Overweight” rating to an “Equal Weight” rating.
Haynes International, Inc. (HAYN) had its “Buy” rating reiterated by Auriga.
Riverbed Technology, Inc. (RVBD) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $34.00 on the company.
RWE AG (RWEOY) was upgraded by HSBC (NYSE:HBC) from an “Underweight” rating to a “Neutral” rating.
Amylin Pharma (AMLN) had its price target lowered by Imperial Capital to $7.50.
AvalonBay Communities, Inc. (AVB) had its price target raised by Jefferies Group (NYSE:JEF) to $131.00.
Synchronoss Technologies, Inc. (SNCR) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
State Street Co. (STT) was downgraded by Evercore Partners from an “Overweight” rating to an “Equal Weight” rating.
Haynes International, Inc. (HAYN) had its “Buy” rating reiterated by Auriga.
Micros (MCRS) (FLT) (GILD) (HGR) (KBH) (LEN) (DRC) Ratings, Price Targets
Micros Systems (NASDAQ: MCRS), FleetCor Technologies, Inc. (NYSE: FLT), Gilead Sciences, Inc. (NASDAQ: GILD), Hanger Orthopedic (NYSE: HGR), KB Home (NYSE: KBH), Lennar Co. (NYSE: LEN) and Dresser-Rand (NYSE: DRC) had ratings and price targets on them adjusted by analysts.
FleetCor Technologies, Inc. (FLT) had its price target raised by Citigroup (NYSE:C) to $36.00.
Gilead Sciences, Inc. (GILD) had its price target raised by ThinkEquity from $50.00 to $61.00.
Hanger Orthopedic (HGR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Micros Systems (MCRS) had its “Buy” rating reiterated by Jefferies Group.
KB Home (KBH) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Lennar Co. (LEN) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.
Dresser-Rand (DRC) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
FleetCor Technologies, Inc. (FLT) had its price target raised by Citigroup (NYSE:C) to $36.00.
Gilead Sciences, Inc. (GILD) had its price target raised by ThinkEquity from $50.00 to $61.00.
Hanger Orthopedic (HGR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Micros Systems (MCRS) had its “Buy” rating reiterated by Jefferies Group.
KB Home (KBH) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Lennar Co. (LEN) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.
Dresser-Rand (DRC) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Gap (GPS) (UL) (WHR) (TEVA) (TOL) (HITT) (ABMD) Ratings, Price Targets
The Gap Inc. (NYSE: GPS), Unilever (NYSE: UL), Whirlpool (NYSE: WHR), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Toll Brothers, Inc. (NYSE: TOL), Hittite Microwave (NASDAQ: HITT) and Abiomed (NASDAQ: ABMD) had ratings and price targets on them adjusted by analysts.
Unilever (UL) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
Whirlpool (WHR) was upgraded by Longbow Research from a “Neutral” rating to a “Buy” rating. They have a price target of $81.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.
Toll Brothers, Inc. (TOL) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
The Gap Inc. (GPS) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.
Hittite Microwave (HITT) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
Abiomed (ABMD) had its price target raised by Piper Jaffray (NYSE:PJC) to $25.00.
Unilever (UL) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
Whirlpool (WHR) was upgraded by Longbow Research from a “Neutral” rating to a “Buy” rating. They have a price target of $81.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.
Toll Brothers, Inc. (TOL) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
The Gap Inc. (GPS) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.
Hittite Microwave (HITT) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
Abiomed (ABMD) had its price target raised by Piper Jaffray (NYSE:PJC) to $25.00.
Monday, February 6, 2012
Marathon (MPC) (NOA) (MCEP) (RDS-A) (SEP) (LNT) Ratings, Price Targets
Marathon Petroleum (NYSE: MPC), North American Energy Partners (NYSE: NOA), Mid-Con Energy Partners (NASDAQ: MCEP), Royal Dutch Shell (NASDAQ: RDS-A), Spectra Energy Partners, LP (NYSE: SEP) and Alliant Energy (NYSE: LNT) had ratings and price targets on them adjusted by analysts.
Marathon Petroleum (MPC) had its price target raised by Oppenheimer (NYSE:OPY) from $42.00 to $55.00. They have an “Outperform” rating on the company.
North American Energy Partners (NOA) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Mid-Con Energy Partners (MCEP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $23.00 on the company.
Royal Dutch Shell (RDS-A) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Alliant Energy (LNT) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Marathon Petroleum (MPC) had its price target raised by Oppenheimer (NYSE:OPY) from $42.00 to $55.00. They have an “Outperform” rating on the company.
North American Energy Partners (NOA) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Mid-Con Energy Partners (MCEP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $23.00 on the company.
Royal Dutch Shell (RDS-A) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Alliant Energy (LNT) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Wynn (WYNN) (VRTX) (ATML) (ACAT) (ACLS) (EMN) (EXP) Ratings, Price Targets
Wynn Resorts, Limited (NASDAQ: WYNN), Vertex Pharmaceuticals (NASDAQ: VRTX), Atmel (NASDAQ: ATML), Arctic Cat Inc. (NASDAQ: ACAT), Axcelis Technologies (NASDAQ: ACLS), Eastman Chemical (NYSE: EMN) and Eagle Materials, Inc. (NYSE: EXP) had ratings and price targets on them adjusted by analysts.
Vertex Pharmaceuticals (VRTX) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Atmel (ATML) had its “Buy” rating reiterated by Canaccord Genuity.
Wynn Resorts, Limited (WYNN) was downgraded by Lazard Capital from a “Buy” rating to a “Neutral” rating.
Arctic Cat Inc. (ACAT) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong-Buy” rating. They have a price target of $46.00 on the stock, up from $37.00.
Axcelis Technologies (ACLS) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Eastman Chemical (EMN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Buy” rating.
Eagle Materials, Inc. (EXP) was upgraded by Sidoti from a “Neutral” rating to a “Buy” rating.
Vertex Pharmaceuticals (VRTX) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Atmel (ATML) had its “Buy” rating reiterated by Canaccord Genuity.
Wynn Resorts, Limited (WYNN) was downgraded by Lazard Capital from a “Buy” rating to a “Neutral” rating.
Arctic Cat Inc. (ACAT) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong-Buy” rating. They have a price target of $46.00 on the stock, up from $37.00.
Axcelis Technologies (ACLS) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Eastman Chemical (EMN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Buy” rating.
Eagle Materials, Inc. (EXP) was upgraded by Sidoti from a “Neutral” rating to a “Buy” rating.
Target (TGT) (SIMG) (SWN) (TDC) (CI) (CLB) Ratings, Price Targets
Target Corp. (NYSE: TGT), Silicon Image, Inc. (NASDAQ: SIMG), Southwestern Energy (NYSE: SWN), Teradata Co. (NYSE: TDC), CIGNA Co. (NYSE: CI) and Core Labs (NYSE: CLB) had ratings and price targets on them adjusted by analysts.
Silicon Image, Inc. (SIMG) had its “Buy” rating reiterated by Needham & Company.
Target Corp. (TGT) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Credit Suisse (NYSE:CS) initiated coverage on Southwestern Energy (SWN). They placed an “Underperform” rating and a price target of $28.00 on the company.
FBN Securities initiated coverage on Teradata Co. (TDC). They placed an “Outperform” rating and a price target of $60.00 on the company.
CIGNA Co. (CI) had its price target lowered by Deutsche Bank (NYSE:DB) to $61.00.
Core Labs (CLB) had its price target raised by FBR Capital from $115.00 to $128.00. They have a “Market Perform” rating on the company.
Silicon Image, Inc. (SIMG) had its “Buy” rating reiterated by Needham & Company.
Target Corp. (TGT) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Credit Suisse (NYSE:CS) initiated coverage on Southwestern Energy (SWN). They placed an “Underperform” rating and a price target of $28.00 on the company.
FBN Securities initiated coverage on Teradata Co. (TDC). They placed an “Outperform” rating and a price target of $60.00 on the company.
CIGNA Co. (CI) had its price target lowered by Deutsche Bank (NYSE:DB) to $61.00.
Core Labs (CLB) had its price target raised by FBR Capital from $115.00 to $128.00. They have a “Market Perform” rating on the company.
Cisco (CSCO) (ANF) (CAVM) (NVLS) (RCL) (ROP) Ratings, Price Targets
Cisco Systems, Inc. (NASDAQ: CSCO), Abercrombie & Fitch (NYSE: ANF), Cavium Networks, Inc. (NASDAQ: CAVM), Novellus Systems, Inc. (NASDAQ: NVLS), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Roper Industries (NYSE: ROP) had ratings and price targets on them adjusted by analysts.
Abercrombie & Fitch (ANF) had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Cavium Networks, Inc. (CAVM) had its price target raised by Auriga from $37.00 to $41.00. They have a “Buy” rating on the company.
Cisco Systems, Inc. (CSCO) had its price target raised by Stifel Nicolaus from $20.00 to $23.00. They have a “Buy” rating on the company.
Novellus Systems, Inc. (NVLS) had its price target raised by UBS AG (NYSE:UBS) from $44.00 to $51.00. They have a “Neutral” rating on the company.
Royal Caribbean Cruises Ltd. (RCL) had its price target lowered by Jefferies Group (NYSE:JEF) to $34.00.
Roper Industries (ROP) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $79.00.
Abercrombie & Fitch (ANF) had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Cavium Networks, Inc. (CAVM) had its price target raised by Auriga from $37.00 to $41.00. They have a “Buy” rating on the company.
Cisco Systems, Inc. (CSCO) had its price target raised by Stifel Nicolaus from $20.00 to $23.00. They have a “Buy” rating on the company.
Novellus Systems, Inc. (NVLS) had its price target raised by UBS AG (NYSE:UBS) from $44.00 to $51.00. They have a “Neutral” rating on the company.
Royal Caribbean Cruises Ltd. (RCL) had its price target lowered by Jefferies Group (NYSE:JEF) to $34.00.
Roper Industries (ROP) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $79.00.
Saturday, February 4, 2012
Chesapeake (CHK), Sierra Club in Donation Scandal
Chesapeake Energy (NYSE: CHK) donated over $26 million to the Sierra Club over a four-year period which ended in 2010, prompting angry responses from their competitors in the coal industry.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
EOG (EOG) (ATPG) (MRO) (CNP) (DNDN) (FXEN) Ratings, Price Targets
EOG Resources (NYSE: EOG), ATP Oil & Gas Co. (NASDAQ: ATPG), Marathon Oil Co. (NYSE: MRO), CenterPoint Energy, Inc. (NYSE: CNP), Dendreon Co. (NASDAQ: DNDN) and FX Energy, Inc. (NASDAQ: FXEN) had ratings and price targets on them adjusted by analysts.
Credit Suisse initiated coverage on EOG Resources (EOG). They placed a “Neutral” rating and a price target of $120.00 on the company.
ATP Oil & Gas Co. (ATPG) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Marathon Oil Co. (MRO) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating.
Dendreon Co. (DNDN) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
FX Energy, Inc. (FXEN) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Credit Suisse initiated coverage on EOG Resources (EOG). They placed a “Neutral” rating and a price target of $120.00 on the company.
ATP Oil & Gas Co. (ATPG) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Marathon Oil Co. (MRO) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating.
Dendreon Co. (DNDN) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
FX Energy, Inc. (FXEN) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Friday, February 3, 2012
Apache (APA) Growth Expected After Recent Acquisitions
After a couple of recent acquisitions, Apache Corporation (NYSE:APA) has received new coverage from Credit Suisse, which started the company off with an "Outperform" rating. They also placed a price target of $120.00 on Apache.
Apache announced it will Mariner Energy for $2.7 billion, which will give them significant exposure to the deepwater Gulf of Mexico, where its presence has been minimal.
While not as important, the deal will expand an already strong position in the Permian Basin and shallow waters of the Gulf.
Devon Energy sold Apache its shallow water Gulf assets for $1 billion. That makes them the largest player in that area.
In another deal, Apache has acquired 254,000 net acres in the Anadarko Basin from Cordillera Energy Partners III LLC, for $2.85 billion.
All of this points to Apache being strongly positioned for future growth.
Apache announced it will Mariner Energy for $2.7 billion, which will give them significant exposure to the deepwater Gulf of Mexico, where its presence has been minimal.
While not as important, the deal will expand an already strong position in the Permian Basin and shallow waters of the Gulf.
Devon Energy sold Apache its shallow water Gulf assets for $1 billion. That makes them the largest player in that area.
In another deal, Apache has acquired 254,000 net acres in the Anadarko Basin from Cordillera Energy Partners III LLC, for $2.85 billion.
All of this points to Apache being strongly positioned for future growth.
Iran Will Retaliate for Oil Embargo Say Khamenei
With Iran under pressure from the sanctions implemented by the west, Ayatollah Ali Khamenei, considered the supreme leader of Iran, said in a televised speech that the country will retaliate.
This came about because of the decision by Iran to continue its nuclear program, as it started to enrich uranium in January, which resulted in sanctions being imposed on the country by Europe and the United States.
The sanctions are in regard to selling oil, which has been effective, as it has pressured the Iranian economy downward in a short time.
How the sanctions were put in place is any country that interacts with the central bank of Iran will not be allowed access to the financial system of the United States. A week ago Europe took similar measures.
The sanctions are partial at this time, with some countries being given waivers to gradually stop doing business with Iran. That was put in place so the energy markets would remain steady.
All of this is being done in hopes of stopping what most feel is an inevitable military strike by Israel against Iran to stop a nuclear device from being made in the country. That would undoubtedly ignite and rally the Arab world to Tehran, and it could bring about a world war in the worst case scenario, depending on how countries respond. Russia and China are strongly opposed to the sanctions.
Defense Secretary Leon Panetta recently stated he believes Israel will bomb Iran in a matter of months if it appears a nuclear device is close to being completed.
This came about because of the decision by Iran to continue its nuclear program, as it started to enrich uranium in January, which resulted in sanctions being imposed on the country by Europe and the United States.
The sanctions are in regard to selling oil, which has been effective, as it has pressured the Iranian economy downward in a short time.
How the sanctions were put in place is any country that interacts with the central bank of Iran will not be allowed access to the financial system of the United States. A week ago Europe took similar measures.
The sanctions are partial at this time, with some countries being given waivers to gradually stop doing business with Iran. That was put in place so the energy markets would remain steady.
All of this is being done in hopes of stopping what most feel is an inevitable military strike by Israel against Iran to stop a nuclear device from being made in the country. That would undoubtedly ignite and rally the Arab world to Tehran, and it could bring about a world war in the worst case scenario, depending on how countries respond. Russia and China are strongly opposed to the sanctions.
Defense Secretary Leon Panetta recently stated he believes Israel will bomb Iran in a matter of months if it appears a nuclear device is close to being completed.
Ameristar (ASCA) (SLTM) (CNQR) (JDSU) (LVS) (CALD) Ratings, Price Targets
Ameristar Casinos (NASDAQ: ASCA), Solta Medical Inc. (NASDAQ: SLTM), Concur Technologies, Inc. (NASDAQ: CNQR), JDS Uniphase Co. (NASDAQ: JDSU), Las Vegas Sands Corp. (NYSE: LVS) and Callidus Software Inc. (NASDAQ: CALD) had ratings and price targets on them adjusted by analysts.
Ameristar Casinos (ASCA) had its “Neutral” rating reiterated by Sterne Agee. They now have a price target of $21.00 on the company.
Solta Medical Inc. (SLTM) had its “Buy” rating reiterated by Canaccord Genuity.
Concur Technologies, Inc. (CNQR) had its price target raised by Deutsche Bank to $55.00.
JDS Uniphase Co. (JDSU) had its price target raised by Stifel Nicolaus to $19.00.
Las Vegas Sands Corp. (LVS) had its price target raised by Stifel Nicolaus from $61.00 to $63.00. They have a “Buy” rating on the company.
Callidus Software Inc. (CALD) was downgraded by B. Riley from a “Buy” rating to a “Neutral” rating.
Ameristar Casinos (ASCA) had its “Neutral” rating reiterated by Sterne Agee. They now have a price target of $21.00 on the company.
Solta Medical Inc. (SLTM) had its “Buy” rating reiterated by Canaccord Genuity.
Concur Technologies, Inc. (CNQR) had its price target raised by Deutsche Bank to $55.00.
JDS Uniphase Co. (JDSU) had its price target raised by Stifel Nicolaus to $19.00.
Las Vegas Sands Corp. (LVS) had its price target raised by Stifel Nicolaus from $61.00 to $63.00. They have a “Buy” rating on the company.
Callidus Software Inc. (CALD) was downgraded by B. Riley from a “Buy” rating to a “Neutral” rating.
GMX (GMXR) (UNS) (SD) (AVNW) (SHOR) Ratings, Price Targets
GMX Resources Inc. (NASDAQ: GMXR), Unisource Energy (NYSE: UNS), SandRidge Energy Inc. (NYSE: SD), Aviat Networks, Inc. (NASDAQ: AVNW) and ShoreTel (NASDAQ: SHOR) had ratings and price targets on them adjusted by analysts.
Unisource Energy (UNS) was upgraded by Jefferies Group (NYSE:JEF) from a “Hold” rating to a “Buy” rating.
GMX Resources Inc. (GMXR) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.
SandRidge Energy Inc. (SD) had its price target lowered by Ladenburg Thalmann from $10.00 to $9.00.
SandRidge Energy Inc. (SD) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $10.00 on the company.
Aviat Networks, Inc. (AVNW) had its “Buy” rating reiterated by Needham & Company.
ShoreTel (SHOR) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.
Unisource Energy (UNS) was upgraded by Jefferies Group (NYSE:JEF) from a “Hold” rating to a “Buy” rating.
GMX Resources Inc. (GMXR) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.
SandRidge Energy Inc. (SD) had its price target lowered by Ladenburg Thalmann from $10.00 to $9.00.
SandRidge Energy Inc. (SD) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $10.00 on the company.
Aviat Networks, Inc. (AVNW) had its “Buy” rating reiterated by Needham & Company.
ShoreTel (SHOR) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.
Thursday, February 2, 2012
Amazon.com (AMZN) Ratings, Price Targets
Amazon.com, Inc. (NASDAQ: AMZN) ratings and price targets.
Amazon.com, Inc. (AMZN) had its price target lowered by analysts at Oppenheimer from $255.00 to $234.00. They now have an “outperform” rating on the stock.
Amazon.com, Inc. had its price target lowered by Jefferies Group (NYSE:JEF) to $225.00.
Amazon.com, Inc. had its price target lowered by Deutsche Bank (NYSE:DB) to $235.00.
Amazon.com, Inc. had its price target lowered by Collins Stewart to $180.00.
Amazon.com, Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $210.00.
Amazon.com, Inc. had its price target lowered by Goldman Sachs (NYSE:GS) to $182.00.
Amazon.com, Inc. (AMZN) had its price target lowered by analysts at Oppenheimer from $255.00 to $234.00. They now have an “outperform” rating on the stock.
Amazon.com, Inc. had its price target lowered by Jefferies Group (NYSE:JEF) to $225.00.
Amazon.com, Inc. had its price target lowered by Deutsche Bank (NYSE:DB) to $235.00.
Amazon.com, Inc. had its price target lowered by Collins Stewart to $180.00.
Amazon.com, Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $210.00.
Amazon.com, Inc. had its price target lowered by Goldman Sachs (NYSE:GS) to $182.00.
Marathon (MPC) (ETR) (SUN) (EEQ) (GTE) (SXC) Ratings, Price Targets
Marathon Petroleum (NYSE: MPC), Entergy Corp. (NYSE: ETR), Sunoco Incorporated (NYSE: SUN), Enbridge Energy Management, L.L.C. (NYSE: EEQ), Gran Tierra Energy Inc. (NYSE: GTE) and Suncoke Energy (NYSE: SXC) ratings and price targets.
Marathon Petroleum (MPC) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Entergy Corp. (ETR) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Sunoco Incorporated (SUN) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Enbridge Energy Management, L.L.C. (EEQ) was downgraded by Wells Fargo & Co. (NYSE:WFC) to a “Market Perform” rating.
Gran Tierra Energy Inc. (GTE) was downgraded by Tudor Pickering to an “Accumulate” rating.
Credit Suisse (NYSE:CS) initiated coverage on Suncoke Energy (SXC). They placed an “Outperform” rating on the company.
Marathon Petroleum (MPC) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Entergy Corp. (ETR) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Sunoco Incorporated (SUN) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Enbridge Energy Management, L.L.C. (EEQ) was downgraded by Wells Fargo & Co. (NYSE:WFC) to a “Market Perform” rating.
Gran Tierra Energy Inc. (GTE) was downgraded by Tudor Pickering to an “Accumulate” rating.
Credit Suisse (NYSE:CS) initiated coverage on Suncoke Energy (SXC). They placed an “Outperform” rating on the company.
Radisys (RSYS) (STX) (ISS) (AXE) (AZPN) (ANGO) Ratings, Price Targets
Radisys Corporation (NASDAQ: RSYS), Seagate (NYSE: STX), iSoftStone Holdings Ltd (NYSE: ISS), Anixter International (NYSE: AXE), Aspen Technology, Inc. (NASDAQ: AZPN) and AngioDynamics (NASDAQ: ANGO) ratings and price targets.
Radisys Corporation (RSYS) had its “Buy” rating reiterated by Needham & Company.
Seagate (STX) had its “Positive” rating reiterated by Needham & Company.
Roth Capital initiated coverage on iSoftStone Holdings Ltd (ISS). They placed a “Buy” rating on the company.
Anixter International (AXE) had its price target raised by Stifel Nicolaus to $78.50.
Aspen Technology, Inc. (AZPN) had its price target raised by Benchmark Co. from $19.00 to $22.00. They have a “Buy” rating on the company.
AngioDynamics (ANGO) was downgraded by Gabelli to a “Hold” rating. They have a price target of $372.00 on the company.
Radisys Corporation (RSYS) had its “Buy” rating reiterated by Needham & Company.
Seagate (STX) had its “Positive” rating reiterated by Needham & Company.
Roth Capital initiated coverage on iSoftStone Holdings Ltd (ISS). They placed a “Buy” rating on the company.
Anixter International (AXE) had its price target raised by Stifel Nicolaus to $78.50.
Aspen Technology, Inc. (AZPN) had its price target raised by Benchmark Co. from $19.00 to $22.00. They have a “Buy” rating on the company.
AngioDynamics (ANGO) was downgraded by Gabelli to a “Hold” rating. They have a price target of $372.00 on the company.
Wednesday, February 1, 2012
Brady (BRC) (ANDE) (BCS) (BIO) (SHLM) Ratings, Price Targets
Brady Co. (NYSE: BRC), The Andersons, Inc. (NASDAQ: ANDE), Barclays Capital (NYSE: BCS), Bio-Rad Labs (NYSE: BIO) and A Schulman (NASDAQ: SHLM) ratings and price targets.
The Andersons, Inc. (ANDE) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating.
Barclays Capital (BCS) was downgraded by WestLB to a “Buy” rating.
Bio-Rad Labs (BIO) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.
Brady Co. (BRC) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
A Schulman (SHLM) was upgraded by Northcoast Research from a “Neutral” rating to a “Buy” rating.
The Andersons, Inc. (ANDE) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating.
Barclays Capital (BCS) was downgraded by WestLB to a “Buy” rating.
Bio-Rad Labs (BIO) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.
Brady Co. (BRC) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
A Schulman (SHLM) was upgraded by Northcoast Research from a “Neutral” rating to a “Buy” rating.
Viacom (VIA) (VR) (OTTR) (RSH) (ST) (VECO) Ratings, Price Targets
Viacom Inc. (NYSE: VIA), Validus Holdings, Ltd. (NYSE: VR), Otter Tail Co. (NASDAQ: OTTR), RadioShack (NYSE: RSH), Sensata Tech (NYSE: ST) and Veeco Instruments Inc. (NASDAQ: VECO) ratings and price targets.
Viacom Inc. (VIA) was upgraded by Miller Tabak to a “Buy” rating.
Validus Holdings, Ltd. (VR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
Otter Tail Co. (OTTR) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
RadioShack (RSH) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Sensata Tech (ST) was downgraded by Oppenheimer from an “Outperform” rating to a “Market Perform” rating. They have a price target of $33.00 on the company, down from $35.00.
BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
Viacom Inc. (VIA) was upgraded by Miller Tabak to a “Buy” rating.
Validus Holdings, Ltd. (VR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
Otter Tail Co. (OTTR) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
RadioShack (RSH) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Sensata Tech (ST) was downgraded by Oppenheimer from an “Outperform” rating to a “Market Perform” rating. They have a price target of $33.00 on the company, down from $35.00.
BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
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