Brigham Exploration (NASDAQ: BEXP), El Paso Corporation (NYSE: EP), Piedmont Natural Gas (NYSE: PNY), Great Plains Engy (NYSE: GXP), LKQ Co. (NASDAQ: LKQX) and Louisiana-Pacific Co. (NYSE: LPX) had ratings on them adjusted by analysts.
Brigham Exploration (BEXP) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $37.00 on the company.
El Paso Corporation (EP) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Piedmont Natural Gas (PNY) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Great Plains Energy (GXP) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
LKQ Co. (LKQX) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Louisiana-Pacific Co. (LPX) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Showing posts with label Brigham Exploration. Show all posts
Showing posts with label Brigham Exploration. Show all posts
Tuesday, October 18, 2011
Friday, November 5, 2010
Schlumberger (NYSE:SLB), Brigham Exploration (Nasdaq:BEXP), Oasis Petroleum (NYSE:OAS) Soar on Rising Oil Prices
Schlumberger (NYSE:SLB), Brigham Exploration (Nasdaq:BEXP), Oasis Petroleum (NYSE:OAS) all closed 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, increasing inflationary pressures.
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 and ounce, while silver rose to over $26 an ounce. Aluminum increased to 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.
Schlumberger closed at $75.80 Thursday, rising $3.59, or 4.97 percent. Brigham Exploration surged to close at $22.96, gaining $0.96, or 4.36 percent. Oasis Petroleum was up to $23.44 at the end of the trading session, gaining $1.31, or 5.92 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 and ounce, while silver rose to over $26 an ounce. Aluminum increased to 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.
Schlumberger closed at $75.80 Thursday, rising $3.59, or 4.97 percent. Brigham Exploration surged to close at $22.96, gaining $0.96, or 4.36 percent. Oasis Petroleum was up to $23.44 at the end of the trading session, gaining $1.31, or 5.92 percent.
Thursday, November 4, 2010
Brigham Exploration (Nasdaq:BEXP) Increases Wells, Production
Citing the increased number of wells and beating production estimates, Global Hunter Securities likes the growth prospects of Brigham Exploration Co. (Nasdaq:BEXP), raising their price target on them and maintaining a "Buy."
"BEXP increased its fourth quarter guidance to 10.2-10.8 Mboped with 77% of volumes now oil. We are published at 10 Mboped for 4Q10 but moving volumes up to the top end of the range causing our previous respective 4Q10 EPS and CFPS of $0.11 and $0.25 to $0.12 and $0.37, as well as increasing our total year 2010 EPS and CFPS estimates from $0.42 and $1.02 to $0.52 and $1.18, respectively. BEXP is continuing the trend in 2011 with the addition of seven wells to our model resulting in our production estimates climbing from 13,927 Boepd to 16,134 Boepd prompting an increase in EPS and CFPS estimates from $0.70 and $1.98 to $0.87 and $2.35, respectively. Please note that full year 2011 EBITDA is increasing by $41.3 million," said Global.
Brigham closed Wednesday at $22, rising $0.83, or 3.92 percent. Global has a price target of $29.50 on them.
"BEXP increased its fourth quarter guidance to 10.2-10.8 Mboped with 77% of volumes now oil. We are published at 10 Mboped for 4Q10 but moving volumes up to the top end of the range causing our previous respective 4Q10 EPS and CFPS of $0.11 and $0.25 to $0.12 and $0.37, as well as increasing our total year 2010 EPS and CFPS estimates from $0.42 and $1.02 to $0.52 and $1.18, respectively. BEXP is continuing the trend in 2011 with the addition of seven wells to our model resulting in our production estimates climbing from 13,927 Boepd to 16,134 Boepd prompting an increase in EPS and CFPS estimates from $0.70 and $1.98 to $0.87 and $2.35, respectively. Please note that full year 2011 EBITDA is increasing by $41.3 million," said Global.
Brigham closed Wednesday at $22, rising $0.83, or 3.92 percent. Global has a price target of $29.50 on them.
Thursday, October 14, 2010
Northern (Amex:NOG) Stacked Against Brigham (Nasdaq:BEXP), Kodiak (Amex:KOG) and Oasis (NYSE:OAS)
With the liquidity and growth potential of Northern Oil and Gas (Amex:NOG), Canaccord Genuity says they're trading at an unjustifiable 10 percent discount against peers Brigham Exploration (Nasdaq:BEXP), Kodiak Oil & Gas (NYSE Amex:KOG) and Oasis Petroleum (NYSE:OAS).
Also liking the plan of Northern, Canaccord said, "We are reiterating our rating with greater conviction based on Northern Oil’s accelerated development plan and its proven ability to organically acquire acreage at accretive levels. We continue to believe Northern trades at too steep of a discount to its peers for a company with its liquidity and relative growth potential. At present, NOG trades at a 10% discount (EV/EBITDAX) to its closest peers (Brigham Exploration (Nasdaq:BEXP), Kodiak Oil & Gas (NYSE Amex:KOG), Oasis Petroleum (NYSE:OAS)."
All the companies closed in positive territory Wednesday.
Northern closed at $18.72, gaining $0.02, or 0.11 percent. Canaccord, which maintains a "Buy" on the company, has a price target of $24 on them.
Also liking the plan of Northern, Canaccord said, "We are reiterating our rating with greater conviction based on Northern Oil’s accelerated development plan and its proven ability to organically acquire acreage at accretive levels. We continue to believe Northern trades at too steep of a discount to its peers for a company with its liquidity and relative growth potential. At present, NOG trades at a 10% discount (EV/EBITDAX) to its closest peers (Brigham Exploration (Nasdaq:BEXP), Kodiak Oil & Gas (NYSE Amex:KOG), Oasis Petroleum (NYSE:OAS)."
All the companies closed in positive territory Wednesday.
Northern closed at $18.72, gaining $0.02, or 0.11 percent. Canaccord, which maintains a "Buy" on the company, has a price target of $24 on them.
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