B&G Foods, Inc. (NYSE: BGS), U.S. Steel (NYSE: X), Buffalo Wild Wings (NASDAQ: BWLD), Encore Energy Partners (NYSE: ENP) and Gen-Probe Incorporated (NASDAQ: GPRO) all got downgraded today.
Longbow Research downgraded B&G Foods, Inc. (BGS) from a “Buy” rating to a “Neutral” rating.
Goldman Sachs (NYSE:GS) downgraded U.S. Steel (X) from a “Buy” rating to a “Neutral” rating. They have a price target of $56 on the company, down from $74.00.
Raymond James (NYSE:RJF) downgraded Buffalo Wild Wings (BWLD) from a “Buy” rating to an “Outperform” rating.
Robert W. Baird downgraded Encore Energy Partners (ENP) from an “Outperform” rating to a “Neutral” rating. They placed a price target of $25 on the stock.
Madison Williams downgraded Gen-Probe Incorporated (GPRO) from a “Buy” rating to an “Accumulate” rating.
Showing posts with label Encore Energy Partners. Show all posts
Showing posts with label Encore Energy Partners. Show all posts
Wednesday, April 27, 2011
Encore (ENP) (FSS) (MAS) (YOKU) (BRCM) Get Ratings Downgrades
Encore Energy (ENP), Federal Signal (FSS), Masco (MAS), Youku.com (YOKU) and Broadcom (BRCM) all downgraded by analysts on April 27.
Encore Energy (ENP) was cut from from "Outperform" to "Neutral" by Robert W. Baird. They placed a price target of $25 a share on Encore.
Federal Signal (FSS) was downgraded from "Outperform" to "Market Perform" by BMO Capital.
Masco (MAS) was downgraded from "Sector Perform" to "Underperform" by RBC Capital.
Youku.com (YOKU) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral."
Broadcom (BRCM) was removed from Goldman's list of "Conviction Buys."
Encore Energy (ENP) was cut from from "Outperform" to "Neutral" by Robert W. Baird. They placed a price target of $25 a share on Encore.
Federal Signal (FSS) was downgraded from "Outperform" to "Market Perform" by BMO Capital.
Masco (MAS) was downgraded from "Sector Perform" to "Underperform" by RBC Capital.
Youku.com (YOKU) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral."
Broadcom (BRCM) was removed from Goldman's list of "Conviction Buys."
Tuesday, January 18, 2011
Encore Energy Partners (NYSE:ENP) Downgraded on Being Fully Valued
Encore Energy Partners (NYSE:ENP) was downgraded by UBS (NYSE:UBS), with the company citing valuation as the major reason behind their decision.
UBS says, "Following a(n) - 8% run since the beginning of December, we are downgrading ENP to Neutral on valuation. While we acknowledge the beneficial impact of rising oil prices on ENP’s earnings and cash flows (-70% of ENP’s production is crude), the risk mitigation afforded by its recently enhanced hedge book, and the removal of the DNR overhang following VNR’s recent purchase of ENP’s GP, we believe the units present a balanced risk/reward profile at current levels.
"We believe Vanguard (NYSE:VNR) is likely to look to acquire the remaining -54% LP interest it does not own and merge ENP into VNR. While this combination would likely provide enhanced operational reach and cash flow stability, better opportunities for internal growth and bolt-on acquisitions, and the prospect of operational synergies, we believe the valuation must be sufficiently compelling to VNR to offset the loss of the GP and its Administrative Service Agreement."
UBS downgraded Encore Energy Partners (ENP) from "Buy" to "Neutral." Encore closed Friday at $22.01, up $0.01, or 0.05 percent. UBS has a price target of $22 on Encore.
UBS says, "Following a(n) - 8% run since the beginning of December, we are downgrading ENP to Neutral on valuation. While we acknowledge the beneficial impact of rising oil prices on ENP’s earnings and cash flows (-70% of ENP’s production is crude), the risk mitigation afforded by its recently enhanced hedge book, and the removal of the DNR overhang following VNR’s recent purchase of ENP’s GP, we believe the units present a balanced risk/reward profile at current levels.
"We believe Vanguard (NYSE:VNR) is likely to look to acquire the remaining -54% LP interest it does not own and merge ENP into VNR. While this combination would likely provide enhanced operational reach and cash flow stability, better opportunities for internal growth and bolt-on acquisitions, and the prospect of operational synergies, we believe the valuation must be sufficiently compelling to VNR to offset the loss of the GP and its Administrative Service Agreement."
UBS downgraded Encore Energy Partners (ENP) from "Buy" to "Neutral." Encore closed Friday at $22.01, up $0.01, or 0.05 percent. UBS has a price target of $22 on Encore.
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