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.
Wednesday, May 11, 2011
Price Targets on (BSFT) (CEP) (CHK) (CXO) (EP) Updated
Price targets on Broadsoft Inc (NASDAQ: BSFT), Constellation Energy (NYSE: CEP), Chesapeake Energy (NYSE: CHK), Concho Resources Inc. (NYSE: CXO) and El Paso Corporation (NYSE: EP) updated by analysts.
Jefferies (NYSE:JEF) raised their price target on Broadsoft Inc (BSFT) to $48.50. They have a “buy” rating on the company.
Citigroup (NYSE:C) cut their price target on Constellation Energy (CEP) from $3.50 to $3.00. They have a “hold” rating on the company.
Barclays Capital cut their price target on Chesapeake Energy (CHK) from $46.00 to $42.00. They have an “overweight” rating on the company.
Barclays Capital raised their price target on Concho Resources Inc. (CXO) from $121.00 to $123.00. They have an “equal weight” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on El Paso Corporation (EP) from $22.00 to $24.00. They have an “overweight” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Broadsoft Inc (BSFT) to $48.50. They have a “buy” rating on the company.
Citigroup (NYSE:C) cut their price target on Constellation Energy (CEP) from $3.50 to $3.00. They have a “hold” rating on the company.
Barclays Capital cut their price target on Chesapeake Energy (CHK) from $46.00 to $42.00. They have an “overweight” rating on the company.
Barclays Capital raised their price target on Concho Resources Inc. (CXO) from $121.00 to $123.00. They have an “equal weight” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on El Paso Corporation (EP) from $22.00 to $24.00. They have an “overweight” rating on the company.
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
Concho Resources (NYSE:CXO) Should Grow at 24% Rate Annually
According to Global Hunter, which just initiated coverage on Concho Resources, they should be able to grow organically at a 24 percent rate annually for the next several years.
Global says, "Concho is launching an aggressive drilling
campaign on its recently acquired Permian assets which should fuel exceptional growth in production and reserves...The company is well followed and its stock was one of the top performers in 2010. However, our model indicates the company is positioned to grow production organically at a compound annual growth rate of 24% per year for the next several years. In 2011, we expect the company's
production to materially exceed guidance."
Global Hunter Securities started with a "Buy" rating on Concho Resources (CXO), which closed Friday at $91.25, gaining $3.60, or 4.11 percent. Global has a price target of $130 on Concho.
Global says, "Concho is launching an aggressive drilling
campaign on its recently acquired Permian assets which should fuel exceptional growth in production and reserves...The company is well followed and its stock was one of the top performers in 2010. However, our model indicates the company is positioned to grow production organically at a compound annual growth rate of 24% per year for the next several years. In 2011, we expect the company's
production to materially exceed guidance."
Global Hunter Securities started with a "Buy" rating on Concho Resources (CXO), which closed Friday at $91.25, gaining $3.60, or 4.11 percent. Global has a price target of $130 on Concho.
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, January 10, 2011
Concho Resources (NYSE:CXO) Share Price Dependent on Commodity Prices in 2011
Citing the asset base of Concho Resources (NYSE:CXO) already being priced into the share price of the stock, Wells Fargo (NYSE:WFC) said the rise of fall of their share price will be dependent on commodity prices.
Wells says, "Going forward in 2011, we believe that the upside potential in CXO’s asset base is largely priced into shares, leaving potential share price appreciation a function of commodity prices, all else equal."
Wells Fargo downgraded Concho Resources from "Outperform" to "Market Perform." Concho closed at $86.30 on Friday, gaining $0.80, or 0.94 percent.
Wells says, "Going forward in 2011, we believe that the upside potential in CXO’s asset base is largely priced into shares, leaving potential share price appreciation a function of commodity prices, all else equal."
Wells Fargo downgraded Concho Resources from "Outperform" to "Market Perform." Concho closed at $86.30 on Friday, gaining $0.80, or 0.94 percent.
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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