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.
Showing posts with label EXCO Resources. Show all posts
Showing posts with label EXCO Resources. Show all posts
Monday, February 13, 2012
Monday, November 1, 2010
EXCO Resources' (NYSE:XCO) CEO Makes Offer for Entire Company
In a bid to take the company private, EXCO Resources' (NYSE:XCO) Chairman and CEO, Douglas H. Miller, has made a bid of $20.50 for the company, almost 40 percent above Friday's close.
According to Miller, others have shown an interest in acquiring the remaining shares with him, including T. Boone Pickens, Oaktree Capital Management, L.P. and Ares Management LLC. "Each has expressed an interest in pursuing the acquisition with me," said Miller."
The offer by Miller values the company at about $4.4 billion.
EXCO shares have skyrocketed to $19.25, gaining $4.42, or 29.80 percent as of 2:42 PM EDT.
EXCO Resources, Inc., is an independent oil and natural gas company, which engages in the exploration, exploitation, development, and production of onshore oil and natural gas properties in North America.
According to Miller, others have shown an interest in acquiring the remaining shares with him, including T. Boone Pickens, Oaktree Capital Management, L.P. and Ares Management LLC. "Each has expressed an interest in pursuing the acquisition with me," said Miller."
The offer by Miller values the company at about $4.4 billion.
EXCO shares have skyrocketed to $19.25, gaining $4.42, or 29.80 percent as of 2:42 PM EDT.
EXCO Resources, Inc., is an independent oil and natural gas company, which engages in the exploration, exploitation, development, and production of onshore oil and natural gas properties in North America.
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