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.
Showing posts with label Concho Resources. Show all posts
Showing posts with label Concho Resources. Show all posts
Tuesday, February 28, 2012
Thursday, January 5, 2012
Concho (CXO) (VOC) (GDP) (SD) (WTI) (XEC) Ratings, Price Targets
Concho Resources Inc. (NYSE: CXO), VOC Energy Trust (NYSE: VOC), Goodrich Petroleum Co. (NYSE: GDP), SandRidge Energy Inc. (NYSE: SD), W&T Offshore, Inc. (NYSE: WTI) and Cimarex Energy Co. (NYSE: XEC) ratings and price targets.
VOC Energy Trust (VOC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $25.00 on the company.
Concho Resources Inc. (CXO) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating.
Goodrich Petroleum Co. (GDP) was upgraded by CapitalOne to an “Add” rating.
SandRidge Energy Inc. (SD) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
W&T Offshore, Inc. (WTI) was downgraded by CapitalOne to a “Neutral” rating.
Cimarex Energy Co. (XEC) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.
VOC Energy Trust (VOC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $25.00 on the company.
Concho Resources Inc. (CXO) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating.
Goodrich Petroleum Co. (GDP) was upgraded by CapitalOne to an “Add” rating.
SandRidge Energy Inc. (SD) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
W&T Offshore, Inc. (WTI) was downgraded by CapitalOne to a “Neutral” rating.
Cimarex Energy Co. (XEC) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.
Monday, October 11, 2010
UBS (NYSE:UBS), Canaccord Maintain "Buy" on Concho Resources (NYSE:CXO)
UBS (NYSE:UBS) and Canaccord Genuity both say they're maintaining their "Buy" rating on Concho Resources (NYSE:CXO).
Canaccord said, "We are reiterating our rating with greater conviction based on the closure of the Marbob deal, the announced divestiture plan and the announced Bone Spring acreage update. We continue to be impressed by the company’s management team and its laser focus on high return oily plays in the Permian Basin. With these announcements, we believe the company is well positioned to outperform based on its stronger asset base and increasing investor interest in the Bone Spring trend."
They have a price target of $74 on Concho.
"CXO will pay roughly $1.3bn (vs. $1.65bn prior) for Marbob after $400m in
pref rights were exercised on Yeso, NM shelf assets (which may be
reversed)...Importantly, CXO disclosed that it acquired 150k net acres in the Bone Spring as part of the deal, vs. 100k previously thought, which is
incremental to our NAV by $3/share...We are lowering our 2011/2012 estimates to $9.93/$11.01 from $10.25/$11.80 owing to lower incremental volumes from the acquisition," said UBS.
They lifted Concho's price target from $70 to $76.
Canaccord said, "We are reiterating our rating with greater conviction based on the closure of the Marbob deal, the announced divestiture plan and the announced Bone Spring acreage update. We continue to be impressed by the company’s management team and its laser focus on high return oily plays in the Permian Basin. With these announcements, we believe the company is well positioned to outperform based on its stronger asset base and increasing investor interest in the Bone Spring trend."
They have a price target of $74 on Concho.
"CXO will pay roughly $1.3bn (vs. $1.65bn prior) for Marbob after $400m in
pref rights were exercised on Yeso, NM shelf assets (which may be
reversed)...Importantly, CXO disclosed that it acquired 150k net acres in the Bone Spring as part of the deal, vs. 100k previously thought, which is
incremental to our NAV by $3/share...We are lowering our 2011/2012 estimates to $9.93/$11.01 from $10.25/$11.80 owing to lower incremental volumes from the acquisition," said UBS.
They lifted Concho's price target from $70 to $76.
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