Showing posts with label Berry Petroleum. Show all posts
Showing posts with label Berry Petroleum. Show all posts
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.
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.
Friday, November 5, 2010
Berry Petroleum (NYSE:BRY), Callon Petroleum (NYSE:CPE), Carrizo Oil & Gas (Nasdaq:CRZO) Surge on Rising Oil Prices
Berry Petroleum (NYSE:BRY), Callon Petroleum (NYSE:CPE), Carrizo Oil & Gas (Nasdaq:CRZO) all rose higher Thursday, moving up with the broader commodity sector on news of the quantitative easing about to be implemented by the Federal Reserve, which will add about $600 billion to the money supply over the next several months, putting inflationary pressure on the economy.
Commodity prices, including oil prices, responded as expected, moving up across the board, with gold growing to record levels again, closing in on $1,400 an ounce, while silver rose to over $26 an ounce. Aluminum increased to price levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80a barrel on the New York Mercantile Exchange at $86.49.
Berry Petroleum closed at $37.83 Thursday, rising $1.25, or 3.42 percent. Callon Petroleum surged to close at $5.13, gaining $0.16, or 3.22 percent. Carrizo Oil & Gas was up to $24.64 at the end of the trading session, gaining $0.73, or 3.05 percent.
Commodity prices, including oil prices, responded as expected, moving up across the board, with gold growing to record levels again, closing in on $1,400 an ounce, while silver rose to over $26 an ounce. Aluminum increased to price levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80a barrel on the New York Mercantile Exchange at $86.49.
Berry Petroleum closed at $37.83 Thursday, rising $1.25, or 3.42 percent. Callon Petroleum surged to close at $5.13, gaining $0.16, or 3.22 percent. Carrizo Oil & Gas was up to $24.64 at the end of the trading session, gaining $0.73, or 3.05 percent.
Wednesday, July 28, 2010
Berry Petroleum (NYSE:BRY) Demolishes Earnings Expectations in Second Quarter
Berry Petroleum Company (NYSE:BRY) left analysts' earnings expectations in the dust for the second quarter, as they handily blew past the estimated 34 cents a share, to 42 cents a share, based on net income of $89 million.
President and chief executive officer Robert F. Heinemann said, “Performance from Berry’s portfolio of assets was strong in the second quarter. Production for the second quarter of 2010 was 32,854 BOE/D, 67% of which was oil production. While diatomite production declined during the quarter as we awaited new permits and optimized field production, we were able to increase companywide production by 12% during the quarter with meaningful contributions from each of our other operating areas."
Heinemann added, "We are maintaining our full-year 2010 production guidance of between 32,250 and 33,000 BOE/D. In addition, we settled our claim in the Flying J bankruptcy during the second quarter and received proceeds of $60.5 million on July 23, 2010 which we have used to pay down debt."
Oil accounted for 67 percent of production, while natural gas accounted for the other 33 percent. Last quarter oil production was at 70 percent of all production for Berry Petroleum.
President and chief executive officer Robert F. Heinemann said, “Performance from Berry’s portfolio of assets was strong in the second quarter. Production for the second quarter of 2010 was 32,854 BOE/D, 67% of which was oil production. While diatomite production declined during the quarter as we awaited new permits and optimized field production, we were able to increase companywide production by 12% during the quarter with meaningful contributions from each of our other operating areas."
Heinemann added, "We are maintaining our full-year 2010 production guidance of between 32,250 and 33,000 BOE/D. In addition, we settled our claim in the Flying J bankruptcy during the second quarter and received proceeds of $60.5 million on July 23, 2010 which we have used to pay down debt."
Oil accounted for 67 percent of production, while natural gas accounted for the other 33 percent. Last quarter oil production was at 70 percent of all production for Berry Petroleum.
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