GMX Resources (NASDAQ: GMXR), Hudson Pacific Properties (NYSE: HPP), Horizon Technology Finance (NASDAQ: HRZN), HealthSpring (NYSE: HS), Exterran Holdings (NYSE: EXH) and Complete Genomics (NASDAQ: GNOM) were downgraded by analysts.
Hudson Pacific Properties (HPP) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
Horizon Technology Finance (HRZN) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
HealthSpring (HS) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Exterran Holdings (EXH) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
GMX Resources (GMXR) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
Complete Genomics (GNOM) was downgraded by Oppenheimer (NYSE:OPY) from an “Outperform” rating to a “Perform” rating. They have a price target of $8.00 on the company.
Showing posts with label GMX Resources. Show all posts
Showing posts with label GMX Resources. Show all posts
Wednesday, January 11, 2012
Monday, February 28, 2011
El Paso (EP), Range Resources (RRC), Williams (WMB) Driving Options Interest
Worries abated over another fast surge in the price of oil, but options traders are still betting that turmoil in the Middle East and North Africa will continue to ripple through the energy sector.
Traders accumulated bullish positions in companies that focus on oil-and-gas production, transport or exploration, like El Paso Corp. (NYSE:EP), Range Resources Corp. (NYSE:RRC) and Williams Cos. (NYSE:WMB) Analysts said energy bulls are looking past oil's stabilization to around $98 a barrel and Saudi Arabia's supply assurances.
"The view is that the spike in crude oil will help the industry over time, [that] demand for things like drilling or oil-related services will remain strong," WhatsTrading.com analyst Frederic Ruffy said.
The activity came after similar moves in options to buy shares in Brazil's Petrobras (NYSE:PBR), GMX Resources Inc. (NYSE:GMXR), Quicksilver Resources Inc. (NYSE:KWK), Petrohawk Energy Corp. (NYSE:HK) and Kodiak Oil & Gas Corp. (AMEX:KOG) earlier last week.
Full Story
Traders accumulated bullish positions in companies that focus on oil-and-gas production, transport or exploration, like El Paso Corp. (NYSE:EP), Range Resources Corp. (NYSE:RRC) and Williams Cos. (NYSE:WMB) Analysts said energy bulls are looking past oil's stabilization to around $98 a barrel and Saudi Arabia's supply assurances.
"The view is that the spike in crude oil will help the industry over time, [that] demand for things like drilling or oil-related services will remain strong," WhatsTrading.com analyst Frederic Ruffy said.
The activity came after similar moves in options to buy shares in Brazil's Petrobras (NYSE:PBR), GMX Resources Inc. (NYSE:GMXR), Quicksilver Resources Inc. (NYSE:KWK), Petrohawk Energy Corp. (NYSE:HK) and Kodiak Oil & Gas Corp. (AMEX:KOG) earlier last week.
Full Story
Wednesday, February 23, 2011
Chesapeake (CHK), Range Resources (RRC), Ultra Petroleum (UPL), ATP (ATPG), GMX (GMXR), Sandridge (SD) Natural Gas Resources Undervalued
Here's a look at Chesapeake (CHK), Range Resources (RRC), Ultra Petroleum (UPL), ATP (ATPG), GMX (GMXR) and Sandridge (SD), which appear to have their natural gas resources undervalued.
We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on valuations, going forward. The best deals around include the lowest cost producer in Marcellus, Range Resources (RRC), and Wyoming, Ultra Petroleum (UPL).
We think mixed oil and gas players in the deepwater, such as ATP Oil and Gas (ATPG), are also likely to fare well, given that there remains plenty of commodity price upside from here. GMX Resources (GMXR) and Sandridge (SD) tipped their hats toward oil in the near-term by introducing themselves to significant oil plays. The names we found are below.
GMX Resources (GMXR) announced on January 28 that it would buy 67,724 net acres of horizontal oil resources within the core development areas of the Bakken / Sanish-Three Forks Formation in the Williston Basin (Bakken) and the Niobrara Formation in the Denver Julesburg (DJ) Basin. The 67,724 net acres is includes 26,087 net acres in the Williston Basin, North Dakota and Montana targeting the Bakken/Sanish – Three Forks Formation and approximately 41,637 acres in the DJ Basin in Wyoming targeting the Niobrara Formation. In addition, this provides 342 additional horizontal drilling locations. The purchase is to be made in $1.8 million in cash and up to 2.7 million shares of stock.
Full Story
We searched for exploration and production (E&P) companies with undervalued natural gas reserves. We think Exxon Mobil's (XOM) purchase of XTO, in addition to the flurry of deals completed by Chesapeake (CHK) has put a floor on valuations, going forward. The best deals around include the lowest cost producer in Marcellus, Range Resources (RRC), and Wyoming, Ultra Petroleum (UPL).
We think mixed oil and gas players in the deepwater, such as ATP Oil and Gas (ATPG), are also likely to fare well, given that there remains plenty of commodity price upside from here. GMX Resources (GMXR) and Sandridge (SD) tipped their hats toward oil in the near-term by introducing themselves to significant oil plays. The names we found are below.
GMX Resources (GMXR) announced on January 28 that it would buy 67,724 net acres of horizontal oil resources within the core development areas of the Bakken / Sanish-Three Forks Formation in the Williston Basin (Bakken) and the Niobrara Formation in the Denver Julesburg (DJ) Basin. The 67,724 net acres is includes 26,087 net acres in the Williston Basin, North Dakota and Montana targeting the Bakken/Sanish – Three Forks Formation and approximately 41,637 acres in the DJ Basin in Wyoming targeting the Niobrara Formation. In addition, this provides 342 additional horizontal drilling locations. The purchase is to be made in $1.8 million in cash and up to 2.7 million shares of stock.
Full Story
Thursday, November 18, 2010
GMX Resources (NYSE:GMXR) Faces Capex, Funding Challenges
GMX Resources (NYSE:GMXR) faces significant financing and capex challenges going into 2011, and need to focus on those over the next year or so, while lowering costs, said Canaccord Genuity.
"We are reiterating our rating and lowering our target price based on the company’s continued outspend of discretionary cash flow and exposure to higher cost, lower-return dry gas assets. While GMXR is making significant strides to reduce overall costs, based on our current commodity price assumptions, the company would need significant external capital in 2011 to fund its revised capex requirements," said Canaccord.
The company reiterated their "Hold" rating on GMX, which is trading at $4.87, up by $0.17, or 3.62 percent as of 12:48 PM EST. Canaccord has a price target of $5.50 on them.
"We are reiterating our rating and lowering our target price based on the company’s continued outspend of discretionary cash flow and exposure to higher cost, lower-return dry gas assets. While GMXR is making significant strides to reduce overall costs, based on our current commodity price assumptions, the company would need significant external capital in 2011 to fund its revised capex requirements," said Canaccord.
The company reiterated their "Hold" rating on GMX, which is trading at $4.87, up by $0.17, or 3.62 percent as of 12:48 PM EST. Canaccord has a price target of $5.50 on them.
Subscribe to:
Posts (Atom)