MasterCard (NYSE: MA), Approach Resources Inc. (NASDAQ: AREX), Emerson Electric Co. (NYSE: EMR), SPX Corp (NYSE: SPW), Time Warner Inc. (NYSE: TWX) and MEMC Electronic Materials Inc (NYSE: WFR) price targets adjusted by analysts.
Approach Resources Inc. (AREX) had its price target lowered by Rodman & Renshaw from $33.00 to $30.00. They have an “Outperform” rating on the company.
Emerson Electric Co. (EMR) had its price target lowered by analysts at Credit Suisse (NYSE:CS) to $59.00. They have an “outperform” rating on the company.
MasterCard (MA) had its price target raised by FBR Capital from $330.00 to $390.00. They have an “Outperform” rating on the company.
SPX Corp. (SPW) had its price target lowered by FBR Capital from $92.00 to $88.00. They have an “Outperform” rating on the company.
Time Warner Inc. (TWX) had its price target lowered by UBS AG (NYSE:UBS) to $36.00. They have a “Neutral” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by UBS AG to $12.00. They have a “Buy” rating on the company.
Showing posts with label Approach Resources. Show all posts
Showing posts with label Approach Resources. Show all posts
Friday, August 5, 2011
Thursday, May 19, 2011
Ratings on (ABCO) (ABMD) (AREX) (CSX) (DANG) Reiterated
Ratings on shares of Advisory Board Co (NASDAQ: ABCO), Abiomed (NASDAQ: ABMD), Approach Resources Inc. (NASDAQ: AREX), CSX Corp. (NYSE: CSX) and E Commerce China Dangdang Inc (NASDAQ: DANG) were reiterated by analysts.
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on of Advisory Board Co (ABCO).
Piper Jaffray reiterated an “overweight” rating on Abiomed (ABMD).
Wunderlich reiterated a “buy” rating on Approach Resources Inc. (AREX). They have a price target of $37.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on CSX Corp. (CSX).
Piper Jaffray reiterated an “overweight” rating on E Commerce China Dangdang Inc (DANG).
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on of Advisory Board Co (ABCO).
Piper Jaffray reiterated an “overweight” rating on Abiomed (ABMD).
Wunderlich reiterated a “buy” rating on Approach Resources Inc. (AREX). They have a price target of $37.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on CSX Corp. (CSX).
Piper Jaffray reiterated an “overweight” rating on E Commerce China Dangdang Inc (DANG).
Monday, May 9, 2011
Ratings on (ALTE) (ALU) (AREX) (ARG) (CCIH) Upgraded
Analysts upgraded their ratings on Alterra Capital Holdings Ltd. (NASDAQ: ALTE), Alcatel Lucent (NYSE: ALU) Approach Resources Inc. (NASDAQ: AREX), Airgas, Inc. (NYSE: ARG) and Chinacache International Holdings Limited (NASDAQ: CCIH)
Sterne Agee upgraded Alterra Capital Holdings Ltd. (ALTE) from a “neutral” rating to a “buy” rating. They have a price target of $26.00 on the company.
Capstone upgraded Alcatel Lucent (ALU) from a “sell” rating to a “hold” rating.
Wells Fargo & Co. (NYSE:WFC) upgraded Approach Resources Inc. (AREX) from a “market perform” rating to an “outperform” rating.
Soleil Securities upgraded Airgas, Inc. (ARG) from a “hold” rating to a “buy” rating.
Deutsche Bank (NYSE:DB) upgraded Chinacache International Holdings Limited (CCIH) from a “hold” rating to a “buy” rating.
Sterne Agee upgraded Alterra Capital Holdings Ltd. (ALTE) from a “neutral” rating to a “buy” rating. They have a price target of $26.00 on the company.
Capstone upgraded Alcatel Lucent (ALU) from a “sell” rating to a “hold” rating.
Wells Fargo & Co. (NYSE:WFC) upgraded Approach Resources Inc. (AREX) from a “market perform” rating to an “outperform” rating.
Soleil Securities upgraded Airgas, Inc. (ARG) from a “hold” rating to a “buy” rating.
Deutsche Bank (NYSE:DB) upgraded Chinacache International Holdings Limited (CCIH) from a “hold” rating to a “buy” rating.
Big Movers (ILMN) (PPO) (ALJ) (HUM) (AREX) on May 6
Among the big, positive movers on Friday, May 6, were Illumina (ILMN), Polypore International (PPO), Alon USA Energy (ALJ), Humana Inc. (HUM) and Approach Resources (AREX).
Illumina (ILMN) jumped $1.75, to close at $71.18, a gain of 2.52 percent.
Polypore International (PPO) was up $1.74 on the day to close at $67.62, a gain of 2.64 percent.
Alon USA Energy (ALJ) climbed $1.74 to close at $13.21, a gain of 15.17 percent.
Humana Inc. (HUM) rose $1.71 to close the session at $76.95, a gain of 6.40 2.27.
Approach Resources (AREX) was up $1.71 to end the day at $24.71, a gain of 7.43 percent.
Illumina (ILMN) jumped $1.75, to close at $71.18, a gain of 2.52 percent.
Polypore International (PPO) was up $1.74 on the day to close at $67.62, a gain of 2.64 percent.
Alon USA Energy (ALJ) climbed $1.74 to close at $13.21, a gain of 15.17 percent.
Humana Inc. (HUM) rose $1.71 to close the session at $76.95, a gain of 6.40 2.27.
Approach Resources (AREX) was up $1.71 to end the day at $24.71, a gain of 7.43 percent.
Friday, May 6, 2011
Ratings on (ANDE) (AREX) (CLR) (CPA) (CXO) Upgraded
The Andersons, Inc. (NASDAQ: ANDE), Approach Resources Inc. (NASDAQ: AREX), Continental Resources, Inc. (NYSE: CLR), Copa Holdings (NYSE: CPA) and Concho Resources Inc. (NYSE: CXO) were upgraded today.
Feltl & Co. upgraded The Andersons, Inc. (ANDE) from a “strong buy” rating to a “buy” rating.
Global Hunter Securities upgraded Approach Resources Inc. (AREX) from a “neutral” rating to a “buy” rating. They have a price target of $32.00 on the company.
Pritchard upgraded Continental Resources, Inc. (CLR) from a “neutral” rating to a “buy” rating.
Dahlman Rose upgraded shares of Copa Holdings (CPA) from a “hold” rating to a “buy” rating. They now have a price target of $77.00 on the company.
Citigroup (NYSE:C) upgraded Concho Resources Inc. (CXO) from a “sell” rating to a “hold” rating.
Feltl & Co. upgraded The Andersons, Inc. (ANDE) from a “strong buy” rating to a “buy” rating.
Global Hunter Securities upgraded Approach Resources Inc. (AREX) from a “neutral” rating to a “buy” rating. They have a price target of $32.00 on the company.
Pritchard upgraded Continental Resources, Inc. (CLR) from a “neutral” rating to a “buy” rating.
Dahlman Rose upgraded shares of Copa Holdings (CPA) from a “hold” rating to a “buy” rating. They now have a price target of $77.00 on the company.
Citigroup (NYSE:C) upgraded Concho Resources Inc. (CXO) from a “sell” rating to a “hold” rating.
Monday, January 31, 2011
Approach Resources' (NASDAQ:AREX) Wolffork, Wolfcamp Shale Plays Needs More Visbility
The Wolffork and Wolfcamp Shale plays being worked by Approach Resources (NASDAQ:AREX) need more visibility before it can be known the level of risk or potential connected to the projects.
Global says, "AREX is testing two promising new play concepts - vertical, commingled Wolffork and horizontal Wolfcamp Shale - in the southern Midland Basin. If successful, there is substantial upside in the company's 98,000 acre position. However, given the early nature of the plays and the current valuation, we rate the shares of Approach Neutral.
"We recommend a wait and see approach as the company and other operators cut their teeth on the Wolfcamp shale play. With the recent pick up in activity, we expect to begin seeing some industry data to either de-risk, or disprove, the potential of the play. In all likelihood, as is often the case with early stage development of unconventional plays, initial results may be rather mixed. It often takes a few iterations before drilling and completion techniques can be refined in a play."
Approach Resources (NASDAQ:AREX) closed Friday at $26.26, level with their prior close. Global Hunter has a price target of $26 on them.
Global says, "AREX is testing two promising new play concepts - vertical, commingled Wolffork and horizontal Wolfcamp Shale - in the southern Midland Basin. If successful, there is substantial upside in the company's 98,000 acre position. However, given the early nature of the plays and the current valuation, we rate the shares of Approach Neutral.
"We recommend a wait and see approach as the company and other operators cut their teeth on the Wolfcamp shale play. With the recent pick up in activity, we expect to begin seeing some industry data to either de-risk, or disprove, the potential of the play. In all likelihood, as is often the case with early stage development of unconventional plays, initial results may be rather mixed. It often takes a few iterations before drilling and completion techniques can be refined in a play."
Approach Resources (NASDAQ:AREX) closed Friday at $26.26, level with their prior close. Global Hunter has a price target of $26 on them.
Tuesday, January 18, 2011
Pioneer (NYSE:PXD), Devon (NYSE:DVN), Apache (NYSE:APA), Approach (Nasdaq:AREX), Cimarex (NYSE:XEC), Concho (NYSE:CXO) Top Bakken, Eagle Ford Exposure
With Eagle Ford and Bakken being a major part of the emergence of shale, FBR Capital noted that among those with the most exposure are Pioneer (NYSE:PXD), Devon (NYSE:DVN), Apache (NYSE:APA), Approach (Nasdaq:AREX), Cimarex (NYSE:XEC) and Concho (NYSE:CXO).
Heading into earnings, within their coverage universe Pioneer likes Pioneer and Devon.
FBR says, "As the shale revolution has unfolded, capital has rotated into the newest, most promising emerging asset class and helped fund the exploratory phase. Last year had belonged primarily to the Eagle Ford and Bakken as the underlying equities materially outperformed. Starting second half of last year, the Permian basin, which historically has produced billions of barrels of oil equivalent, came into investor focus. This year, we believe outsized gains will belong to equities with material exposure to the Permian basin. During the first half of the year, key exploratory catalysts are expected across the three main Permian sub-basins. Industry progress and success should help shed light on potential magnitude of additional recoverable reserves from the Permian basin. As such, our preference going into earnings would be to favor (from within our coverage universe) Pioneer Natural Resources (PXD) (Outperform) and Devon Energy (DVN) (Outperform). Investors also seem to favor Apache (APA) (Market Perform), Approach Resources (AREX) (Not Rated), Cimarex (XEC) (Market Perform), and Concho Resources (CXO) (Not Rated) for exposure to this trend."
Pioneer was trading at $93.70, gaining $0.29, or 0.31 percent, as of 12:07 PM EST. Devon was trading at $83.32, up $0.53, or 0.64 percent.
Heading into earnings, within their coverage universe Pioneer likes Pioneer and Devon.
FBR says, "As the shale revolution has unfolded, capital has rotated into the newest, most promising emerging asset class and helped fund the exploratory phase. Last year had belonged primarily to the Eagle Ford and Bakken as the underlying equities materially outperformed. Starting second half of last year, the Permian basin, which historically has produced billions of barrels of oil equivalent, came into investor focus. This year, we believe outsized gains will belong to equities with material exposure to the Permian basin. During the first half of the year, key exploratory catalysts are expected across the three main Permian sub-basins. Industry progress and success should help shed light on potential magnitude of additional recoverable reserves from the Permian basin. As such, our preference going into earnings would be to favor (from within our coverage universe) Pioneer Natural Resources (PXD) (Outperform) and Devon Energy (DVN) (Outperform). Investors also seem to favor Apache (APA) (Market Perform), Approach Resources (AREX) (Not Rated), Cimarex (XEC) (Market Perform), and Concho Resources (CXO) (Not Rated) for exposure to this trend."
Pioneer was trading at $93.70, gaining $0.29, or 0.31 percent, as of 12:07 PM EST. Devon was trading at $83.32, up $0.53, or 0.64 percent.
Monday, December 20, 2010
Approach Resources (NASDAQ:AREX), Cimarex (NYSE:XEC), Magnum Hunter (Amex:MHR), Northern Oil & Gas (Amex:NOG), Swift (NYSE:SFY) Top E&P Picks of Canaccord for 2011
Approach Resources (NASDAQ:AREX), Cimarex Energy (NYSE:XEC), Magnum Hunter (Amex: MHR), Northern Oil & Gas (Amex: NOG), and Swift Energy (NYSE:SFY) were identified by Canaccord Genuity as their top exploration and production picks in oil and gas for 2011.
Canaccord said, "We still believe there is appreciable upside remaining in our best ideas despite a 25% run in our E&P coverage universe since mid-October. In our view, this upside will become clear over the next three to four months. While most are focused on 2010 year-end updates and 2011 outlooks, we are turning our attention to 2012. Assuming a relatively constant BTU relationship and producers continuing to invest in their highest IRR projects, we believe 2012 serves as an important inflection point for many of our covered companies. We are specifically focused on early-stage transformation stories with increasing leverage to oil and underappreciated growth stories with decreasing 2012 multiples and free cash flowing assets. With that backdrop in mind, the stocks that we believe are best positioned to outperform in 2011 include Approach Resources, Cimarex Energy, Magnum Hunter, Northern Oil & Gas, and Swift Energy."
Approach Resources closed Friday at $20.91, up $0.86, or 4.29 percent. Cimarex Energy closed at $88.22, down $0.18, or 0.20 percent. Magnum Hunter closed at $6.24, up $0.06, or 0.97 percent. Northern Oil & Gas closed at $25.19, up $0.19, or 0.76 percent. Swift ended Friday at $39.50, down $0.10, or 0.25 percent.
Canaccord maintains a "Buy" rating on all the companies listed above. The price target on them are $95 on XEC, AREX at $24, $6.75 for MHR and $48 for SFY.
Canaccord said, "We still believe there is appreciable upside remaining in our best ideas despite a 25% run in our E&P coverage universe since mid-October. In our view, this upside will become clear over the next three to four months. While most are focused on 2010 year-end updates and 2011 outlooks, we are turning our attention to 2012. Assuming a relatively constant BTU relationship and producers continuing to invest in their highest IRR projects, we believe 2012 serves as an important inflection point for many of our covered companies. We are specifically focused on early-stage transformation stories with increasing leverage to oil and underappreciated growth stories with decreasing 2012 multiples and free cash flowing assets. With that backdrop in mind, the stocks that we believe are best positioned to outperform in 2011 include Approach Resources, Cimarex Energy, Magnum Hunter, Northern Oil & Gas, and Swift Energy."
Approach Resources closed Friday at $20.91, up $0.86, or 4.29 percent. Cimarex Energy closed at $88.22, down $0.18, or 0.20 percent. Magnum Hunter closed at $6.24, up $0.06, or 0.97 percent. Northern Oil & Gas closed at $25.19, up $0.19, or 0.76 percent. Swift ended Friday at $39.50, down $0.10, or 0.25 percent.
Canaccord maintains a "Buy" rating on all the companies listed above. The price target on them are $95 on XEC, AREX at $24, $6.75 for MHR and $48 for SFY.
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