Deere (DE), Equity Lifestyle Properties (ELS), Post Properties (PPS), Cimarex (XEC), Denny’s (DENN) and Fresenius Medical (FMS) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald initiated coverage on Equity Lifestyle Properties (ELS). They placed a "Hold" rating on the company.
Cantor Fitzgerald initiated coverage on Post Properties (PPS). They placed a "Hold" rating on the company.
Cimarex (XEC) was downgraded by Canaccord Genuity from a "Buy" rating to a "Hold" rating.
Deere (DE) was downgraded by Wells Fargo (NYSE:WFC) from an "Outperform" rating to a "Market Perform" rating.
Denny’s (DENN) was downgraded by Feltl & Co froma "Strong Buy" rating to a "Buy" rating.
Fresenius Medical (FMS) was downgraded by Citigroup (NYSE:C) from a "Buy" rating to a "Neutral" rating.
Showing posts with label Cimarex Energy. Show all posts
Showing posts with label Cimarex Energy. Show all posts
Thursday, February 16, 2012
Thursday, January 5, 2012
Cimarex (XEC) (VWDRY) (WTI) (HTLD) (JKHY) (KKPNY) Downgraded
Cimarex Energy Co. (NYSE: XEC), VESTAS WIND (NASDAQ: VWDRY), W&T Offshore, Inc. (NYSE: WTI), Heartland Express, Inc. (NASDAQ: HTLD), Jack Henry & Associates, Inc. (NASDAQ: JKHY) and Koninklijke KPN (NASDAQ: KKPNY) were downgraded by analysts.
VESTAS WIND (VWDRY) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” 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.
Heartland Express, Inc. (HTLD) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating. They have a price target of $15.00 on the company.
Jack Henry & Associates, Inc. (JKHY) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
Koninklijke KPN (KKPNY) was downgraded by RBS from a “Buy” rating to a “Hold” rating.
VESTAS WIND (VWDRY) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” 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.
Heartland Express, Inc. (HTLD) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating. They have a price target of $15.00 on the company.
Jack Henry & Associates, Inc. (JKHY) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
Koninklijke KPN (KKPNY) was downgraded by RBS from a “Buy” rating to a “Hold” rating.
Thursday, December 8, 2011
Cimarex (XEC) (XL) (Z) (ACE) (ACGL) (AER) Get New Coverage
Cimarex Energy Co. (NYSE: XEC), Xl Group Plc (NYSE: XL), Zillow Inc. (NYSE: Z), ACE Ltd (NYSE: ACE), Arch Capital (NASDAQ: ACGL) and Aercap Holdings N.V. (NYSE: AER) getting new coverage from analysts.
Susquehanna initiated coverage on Cimarex Energy Co. (XEC). They placed a “Neutral” rating on the company.
Credit Suisse (NYSE:CS) initiated coverage on Xl Group Plc (XL). They placed a “Neutral” rating on the company.
Canaccord Genuity initiated coverage on Zillow Inc. (Z). They placed a “Buy” rating and a price target of $32.00 on the company.
Credit Suisse initiated coverage on ACE Ltd (ACE). They placed a “Neutral” rating on the company.
Credit Suisse initiated coverage on Arch Capital (ACGL). They placed a “Neutral” rating on the company.
Guggenheim initiated coverage on Aercap Holdings N.V. (AER). They placed a “Buy” rating on the company.
Susquehanna initiated coverage on Cimarex Energy Co. (XEC). They placed a “Neutral” rating on the company.
Credit Suisse (NYSE:CS) initiated coverage on Xl Group Plc (XL). They placed a “Neutral” rating on the company.
Canaccord Genuity initiated coverage on Zillow Inc. (Z). They placed a “Buy” rating and a price target of $32.00 on the company.
Credit Suisse initiated coverage on ACE Ltd (ACE). They placed a “Neutral” rating on the company.
Credit Suisse initiated coverage on Arch Capital (ACGL). They placed a “Neutral” rating on the company.
Guggenheim initiated coverage on Aercap Holdings N.V. (AER). They placed a “Buy” rating on the company.
Friday, May 20, 2011
Dividends on (SGK) (SWY) (TIF) (WU) (XEC) Declared
SCHAWK INC (NYSE:SGK), Safeway Inc. (NYSE:SWY), Tiffany & Co. (NYSE:TIF), Western Union Co. (NYSE:WU) and Cimarex Energy Co. (NYSE:XEC) declare dividends.
The Board of Directors of SCHAWK INC (SGK) declared a quarterly common stock dividend of $0.08 per share payable 6/30/11 to shareholders of record at the close of business on 6/15/11.
The Board of Directors of Safeway Inc. (SWY) declared a quarterly common stock dividend of $0.145 per share payable 7/4/11 to shareholders of record at the close of business on 6/23/11.
The Board of Directors of Tiffany & Co. (TIF) declared a quarterly common stock dividend of $0.29 per share payable 7/11/11 to shareholders of record at the close of business on 6/20/11.
The Board of Directors of Western Union Co. (WU) declared a quarterly common stock dividend of $0.08 per share payable 6/30/11 to shareholders of record at the close of business on 6/17/11.
The Board of Directors of Cimarex Energy Co. (XEC) declared a quarterly common stock dividend of $0.10 per share payable 9/1/11 to shareholders of record at the close of business on 8/15/11.
The Board of Directors of SCHAWK INC (SGK) declared a quarterly common stock dividend of $0.08 per share payable 6/30/11 to shareholders of record at the close of business on 6/15/11.
The Board of Directors of Safeway Inc. (SWY) declared a quarterly common stock dividend of $0.145 per share payable 7/4/11 to shareholders of record at the close of business on 6/23/11.
The Board of Directors of Tiffany & Co. (TIF) declared a quarterly common stock dividend of $0.29 per share payable 7/11/11 to shareholders of record at the close of business on 6/20/11.
The Board of Directors of Western Union Co. (WU) declared a quarterly common stock dividend of $0.08 per share payable 6/30/11 to shareholders of record at the close of business on 6/17/11.
The Board of Directors of Cimarex Energy Co. (XEC) declared a quarterly common stock dividend of $0.10 per share payable 9/1/11 to shareholders of record at the close of business on 8/15/11.
Wednesday, May 11, 2011
Price Targets on (SYMC) (TRAK) (TRNX) (VQ) (XEC) Updated
Price targets on Symantec (NASDAQ: SYMC), DealerTrack Holdings, Inc. (NASDAQ: TRAK), Tornier BV (NASDAQ: TRNX), Venoco, Inc. (NYSE: VQ) and Cimarex Energy Co. (NYSE: XEC) updated by analysts.
Morgan Keegan raised their price target on Symantec (SYMC) from $18.00 to $20.00. They have a “market perform” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on DealerTrack Holdings, Inc. (TRAK) from $21.00 to $24.00. They have a “hold” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Tornier BV (NASDAQ: TRNX) to $26.00.
Barclays Capital cut their price target on Venoco, Inc. (VQ) from $25.00 to $20.00. They have an “equal weight” rating on the company.
Barclays Capital cut their price target on Cimarex Energy Co. (XEC) from $143.00 to $131.00. They have an “overweight” rating on the company.
Morgan Keegan raised their price target on Symantec (SYMC) from $18.00 to $20.00. They have a “market perform” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on DealerTrack Holdings, Inc. (TRAK) from $21.00 to $24.00. They have a “hold” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Tornier BV (NASDAQ: TRNX) to $26.00.
Barclays Capital cut their price target on Venoco, Inc. (VQ) from $25.00 to $20.00. They have an “equal weight” rating on the company.
Barclays Capital cut their price target on Cimarex Energy Co. (XEC) from $143.00 to $131.00. They have an “overweight” rating on the company.
Monday, May 9, 2011
Biggest Losers (TPC) (STRA) (ESI) (XEC) (ABVT) on May 6
Among the big, negative movers on Friday, May 6, were Tutor Perini Corp. (TPC), Strayer Education (STRA), ITT Educational Services (ESI), Cimarex Energy Co (XEC) and Abovenet Inc (ABVT).
Tutor Perini Corp. (TPC) was down $2.72, to close at $23.45, a loss of 10.39 percent.
Strayer Education (STRA) fell $2.52 on the day to close at $118.40, a loss of 2.08 percent.
Itt Educational Services (ESI) dropped $2.49 to close at $69.12, a loss of 3.48 percent.
Cimarex Energy Co (XEC) declined $2.46 to close the session at $95.30, a loss of 2.52 percent.
Abovenet Inc (ABVT) plunged $2.24 to end the day at $63.50, a loss of 3.41 percent.
Tutor Perini Corp. (TPC) was down $2.72, to close at $23.45, a loss of 10.39 percent.
Strayer Education (STRA) fell $2.52 on the day to close at $118.40, a loss of 2.08 percent.
Itt Educational Services (ESI) dropped $2.49 to close at $69.12, a loss of 3.48 percent.
Cimarex Energy Co (XEC) declined $2.46 to close the session at $95.30, a loss of 2.52 percent.
Abovenet Inc (ABVT) plunged $2.24 to end the day at $63.50, a loss of 3.41 percent.
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.
Thursday, January 13, 2011
Possible Catalysts for Bill Barrett (NYSE:BBG), Chesapeake (NYSE:CHK), Comstock (NYSE:CRK), Crimson (Nasdaq:CXPO), Forest Oil (NYSE:FST), Stone (NYSE:
Barclays talked mid-cap oil and gas companies, and offered up what they view as probable catalysts for Bill Barrett (NYSE:BBG), Chesapeake (NYSE:CHK), Comstock (NYSE:CRK), Crimson (Nasdaq:CXPO), Forest Oil (NYSE:FST), Stone (NYSE:SGY), Venoco (NYSE:VQ), Whiting (NYSE:WLL) and Cimarex (NYSE:XEC).
They said, "Most companies in our universe have announced 2011 capital budgets with the predominant theme being the continued transition from gas to liquids development. We anticipate the shift will enable companies to support steady, higher-margin growth. We are revising our estimates to reflect housekeeping items and introducing new 2012 forecasts."
"Estimate Revisions: We are revising our 2010 and 2011 earnings and cash flow estimates to reflect minor housekeeping items and establishing 2012 estimates. Our 2012 estimates are based on a NYMEX price deck of $90/bbl for oil and $4.50/MMBtu for natural gas. Our 2011 NYMEX price is unchanged at $85/bbl and�$4.00/MMBtu."
"Potential Catalysts: Bill Barrett (BBG) - FY11 budget and production guidance; Chesapeake Energy (CHK) - asset sales; Comstock Resources (CRK) - initial Eagle Ford results; Crimson Exploration (CXPO) - Haynesville/Eagle Fords results; Forest Oil (FST) - FY11 budget and production guidance; PXP - deepwater divestiture; Stone Energy (SGY) - Marcellus Shale results and Rockies exploration; Venoco (VQ) - Monterey Shale exploration; Whiting Petroleum (WLL) - Lewis and Clark results; Cimarex Energy (XEC) - FY11 budget and production guidance."
They said, "Most companies in our universe have announced 2011 capital budgets with the predominant theme being the continued transition from gas to liquids development. We anticipate the shift will enable companies to support steady, higher-margin growth. We are revising our estimates to reflect housekeeping items and introducing new 2012 forecasts."
"Estimate Revisions: We are revising our 2010 and 2011 earnings and cash flow estimates to reflect minor housekeeping items and establishing 2012 estimates. Our 2012 estimates are based on a NYMEX price deck of $90/bbl for oil and $4.50/MMBtu for natural gas. Our 2011 NYMEX price is unchanged at $85/bbl and�$4.00/MMBtu."
"Potential Catalysts: Bill Barrett (BBG) - FY11 budget and production guidance; Chesapeake Energy (CHK) - asset sales; Comstock Resources (CRK) - initial Eagle Ford results; Crimson Exploration (CXPO) - Haynesville/Eagle Fords results; Forest Oil (FST) - FY11 budget and production guidance; PXP - deepwater divestiture; Stone Energy (SGY) - Marcellus Shale results and Rockies exploration; Venoco (VQ) - Monterey Shale exploration; Whiting Petroleum (WLL) - Lewis and Clark results; Cimarex Energy (XEC) - FY11 budget and production guidance."
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.
Thursday, November 18, 2010
Cimarex Energy (NYSE:XEC) Valuation Should Rise on Permian
UBS (NYSE:UBS) says they're maintaining their "Buy" rating on Cimarex Energy (NYSE:XEC), as they see potential for their valuation to increase on opportunities in Permian.
UBS said, "On Wednesday, we hosted Cimarex at our 1x1 Energy Conference and came away with incrementally bullish takeaways. XEC has been one of the best operators in our coverage group over the past year, and shares have reflected as such, up roughly 80% YoY. Valuation has consolidated in the $70-$80 range for much of the last six months, a band that we see being re-rated higher as XEC delivers on its transformational horizontal Permian opportunities."
Cimarex is trading at $82.42, up by $1.48, or 1.83 percent, as of 12:40 PM EST. UBS raised their price target on them from $80 to $91.
UBS said, "On Wednesday, we hosted Cimarex at our 1x1 Energy Conference and came away with incrementally bullish takeaways. XEC has been one of the best operators in our coverage group over the past year, and shares have reflected as such, up roughly 80% YoY. Valuation has consolidated in the $70-$80 range for much of the last six months, a band that we see being re-rated higher as XEC delivers on its transformational horizontal Permian opportunities."
Cimarex is trading at $82.42, up by $1.48, or 1.83 percent, as of 12:40 PM EST. UBS raised their price target on them from $80 to $91.
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