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.
Showing posts with label Northern Oil and Gas. Show all posts
Showing posts with label Northern Oil and Gas. Show all posts
Wednesday, April 11, 2012
Friday, November 5, 2010
TransAtlantic Petroleum (NYSE:TAT), Vaalco (NYSE:EGY), Northern Oil and Gas (Amex:NOG) Soar on Rising Oil Prices
TransAtlantic Petroleum (NYSE:TAT), Vaalco Energy (NYSE:EGY), Northern Oil and Gas (Amex:NOG) all closed over 4 percent 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, increasing across the board, with gold rising to record levels again, and silver surpassing $26 an ounce. Aluminum rose to levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80 a barrel on the New York Mercantile Exchange at $86.49.
TransAtlantic Petroleum closed at $3.22 Thursday, rising $0.14, or 4.55 percent. Vaalco Energy surged to close at $6.45, gaining $0.25, or 4.03 percent. Northern Oil and Gas was up to $20.21 at the end of the trading session, gaining $0.84, or 4.34 percent.
Commodity prices, including oil prices, responded as expected, increasing across the board, with gold rising to record levels again, and silver surpassing $26 an ounce. Aluminum rose to levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80 a barrel on the New York Mercantile Exchange at $86.49.
TransAtlantic Petroleum closed at $3.22 Thursday, rising $0.14, or 4.55 percent. Vaalco Energy surged to close at $6.45, gaining $0.25, or 4.03 percent. Northern Oil and Gas was up to $20.21 at the end of the trading session, gaining $0.84, or 4.34 percent.
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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