NextEra Energy, Inc. (NYSE: NEE), Linn Energy, LLC (NASDAQ: LINE), Key Energy (NYSE: KEG), Laredo Petroleum Holdings (NYSE: LPI), Oasis Petroleum Inc. (NYSE: OAS) and Tenneco Inc. (NYSE: TEN) ratings and price targets.
Wunderlich reiterated its “Buy” rating on Linn Energy, LLC (LINE). They have a price target of $44.00 on the company.
Canaccord Genuity reiterated its “Buy” rating on Key Energy (KEG).
Jefferies Group (NYSE:JEF) reiterated its “Hold” rating on NextEra Energy, Inc. (NEE).
Howard Weil initiated coverage on Laredo Petroleum Holdings (LPI). They placed an “Outperform” rating and a price target of $31.00 on the company.
Oasis Petroleum Inc. (OAS) had its price target raised by Wunderlich from $38.00 to $42.00. They have a “Buy” rating on the company.
Tenneco Inc. (TEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Showing posts with label Key Energy Services. Show all posts
Showing posts with label Key Energy Services. Show all posts
Tuesday, January 31, 2012
Tuesday, November 1, 2011
Key Energy (KEG) (FLS) (LPNT) (CP) (CPN) (CPSI) Price Targets Changed
Key Energy (NYSE: KEG), Flowserve Corp. (NYSE: FLS), Lifepoint Hospitals (NASDAQ: LPNT), Canadian Pacific Railway Limited (NYSE: CP), Calpine (NYSE: CPN) and Computer Programs & Systems, Inc. (NASDAQ: CPSI) had price targets on them adjusted by analysts.
Key Energy (KEG) had its price target lowered by Barclays Capital from $20.00 to $18.00. They have an “Equal Weight” rating on the company.
Flowserve Corp. (FLS) had its price target raised by RBC Capital from $115.00 to $120.00. They have an “Outperform” rating on the company.
Lifepoint Hospitals (LPNT) had its price target raised by RBC Capital from $47.00 to $49.00. They have an “Outperform” rating on the company.
Canadian Pacific Railway Limited (CP) had its price target raised by Citigroup (NYSE:C) to $70.00.
Calpine (CPN) had its price target lowered by Deutsche Bank (NYSE:DB) to $16.00.
Computer Programs & Systems, Inc. (CPSI) had its price target lowered by Oppenheimer from $88.00 to $61.00. They have an “Outperform” rating on the company.
Key Energy (KEG) had its price target lowered by Barclays Capital from $20.00 to $18.00. They have an “Equal Weight” rating on the company.
Flowserve Corp. (FLS) had its price target raised by RBC Capital from $115.00 to $120.00. They have an “Outperform” rating on the company.
Lifepoint Hospitals (LPNT) had its price target raised by RBC Capital from $47.00 to $49.00. They have an “Outperform” rating on the company.
Canadian Pacific Railway Limited (CP) had its price target raised by Citigroup (NYSE:C) to $70.00.
Calpine (CPN) had its price target lowered by Deutsche Bank (NYSE:DB) to $16.00.
Computer Programs & Systems, Inc. (CPSI) had its price target lowered by Oppenheimer from $88.00 to $61.00. They have an “Outperform” rating on the company.
Tuesday, August 2, 2011
Teck (TCK) (RTN) (RSH) (OIS) (KEG) (LLY) Upgraded
Teck Resources Limited (NYSE: TCK), Raytheon Company (NYSE: RTN), RadioShack (NYSE: RSH), Oil States International, Inc. (NYSE: OIS), Key Energy (NYSE: KEG) and Eli Lilly & Co. (NYSE: LLY) upgraded by analysts.
Teck Resources Limited (TCK) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.
Raytheon Company (RTN) was upgraded by Sanford C. Bernstein from a “Market Perform” rating to an “Outperform” rating.
RadioShack (RSH) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $18.00 on the company.
Oil States International, Inc. (OIS) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating. They
have a price target of $110.00 on the company.
Key Energy (KEG) was upgraded by Weeden from a “Hold” rating to a “Buy” rating. They have a price target of $26.00 on the company.
Eli Lilly & Co. (LLY) was upgraded by Leerink from an “Underperform” rating to a “Market Perform” rating.
Teck Resources Limited (TCK) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.
Raytheon Company (RTN) was upgraded by Sanford C. Bernstein from a “Market Perform” rating to an “Outperform” rating.
RadioShack (RSH) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $18.00 on the company.
Oil States International, Inc. (OIS) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating. They
have a price target of $110.00 on the company.
Key Energy (KEG) was upgraded by Weeden from a “Hold” rating to a “Buy” rating. They have a price target of $26.00 on the company.
Eli Lilly & Co. (LLY) was upgraded by Leerink from an “Underperform” rating to a “Market Perform” rating.
Friday, July 15, 2011
Basic Energy (BAS) (ENOC) (ENS) (EPB) (KEG) Get New Coverage
Basic Energy Services (NYSE: BAS), EnerNOC, Inc. (NASDAQ: ENOC), EnerSys (NYSE: ENS), El Paso Pipeline Partners (NYSE: EPB) and Key Energy (NYSE: KEG) are getting new coverage from analysts.
Canaccord Genuity launched coverage on Basic Energy Services (BAS). They placed a "Buy" rating and a price target of $45.00 on the company.
Brean Murray initiated coverage on EnerNOC, Inc. (ENOC). They placed a "Buy" rating and a price target of $23.00 on the company.
Stifel Nicolaus initiated coverage on EnerSys (NYSE: ENS). They placed a "Buy" rating and a price target of $45.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on El Paso Pipeline Partners (EPB). They placed an "Outperform" rating on the company.
Canaccord Genuity launched coverage on Key Energy (KEG). They placed a "Buy" rating and a price target of $23.00 on the company.
Basic Energy closed Thursday at $35.17, falling $0.95, or 2.63 percent. EnerNOC closed at $17.12, gaining $0.30, or 1.78 percent. EnerSys ended the session at $35.55, climbing $0.86, or 2.48 percent. El Paso Pipeline Partners closed at $35.18, rising $0.14, or 0.40 percent. Key Energy closed at $19.15, jumping $0.27, or 1.43 percent.
Canaccord Genuity launched coverage on Basic Energy Services (BAS). They placed a "Buy" rating and a price target of $45.00 on the company.
Brean Murray initiated coverage on EnerNOC, Inc. (ENOC). They placed a "Buy" rating and a price target of $23.00 on the company.
Stifel Nicolaus initiated coverage on EnerSys (NYSE: ENS). They placed a "Buy" rating and a price target of $45.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on El Paso Pipeline Partners (EPB). They placed an "Outperform" rating on the company.
Canaccord Genuity launched coverage on Key Energy (KEG). They placed a "Buy" rating and a price target of $23.00 on the company.
Basic Energy closed Thursday at $35.17, falling $0.95, or 2.63 percent. EnerNOC closed at $17.12, gaining $0.30, or 1.78 percent. EnerSys ended the session at $35.55, climbing $0.86, or 2.48 percent. El Paso Pipeline Partners closed at $35.18, rising $0.14, or 0.40 percent. Key Energy closed at $19.15, jumping $0.27, or 1.43 percent.
Monday, May 16, 2011
Coverage on (KEG) (KWR) (RES) (TZYM) (WX) Initiated
Coverage on Key Energy (NYSE: KEG), Quaker Chemical Co. (NYSE: KWR), RPC, Inc (NYSE: RES), Tranzyme Inc (NASDAQ: TZYM) and WuXi PharmaTech (NYSE: WX) was initiated by analysts.
Global Hunter Securities initiated coverage on Key Energy (KEG). They placed a “buy” rating and a price target of $24.00 on the company.
Jefferies (NYSE:JEF) initiated coverage on Quaker Chemical Co. (KWR). They placed a “buy” rating and a price target of $49.00 on the company.
Global Hunter Securities initiated coverage on RPC, Inc (RES). They placed a “neutral” rating and a price target of $27.00 on the company.
Canaccord Genuity initiated coverage on Tranzyme Inc (TZYM). They placed a “buy” rating on the company.
Credit Agricole initiated coverage on WuXi PharmaTech (WX). They placed a “buy” rating on the company.
Global Hunter Securities initiated coverage on Key Energy (KEG). They placed a “buy” rating and a price target of $24.00 on the company.
Jefferies (NYSE:JEF) initiated coverage on Quaker Chemical Co. (KWR). They placed a “buy” rating and a price target of $49.00 on the company.
Global Hunter Securities initiated coverage on RPC, Inc (RES). They placed a “neutral” rating and a price target of $27.00 on the company.
Canaccord Genuity initiated coverage on Tranzyme Inc (TZYM). They placed a “buy” rating on the company.
Credit Agricole initiated coverage on WuXi PharmaTech (WX). They placed a “buy” rating on the company.
Coverage on (TZYM) (CPX) (CXDC) (DHR) (KEG) Initiated
Coverage on Tranzyme Inc (NASDAQ: TZYM), Complete Production Services Inc (NYSE: CPX), China XD Plastics (NASDAQ: CXDC), Danaher Co. (NYSE: DHR) and Key Energy (NYSE: KEG) was initiated by analysts.
Stifel Nicolaus initiated coverage on Tranzyme Inc (TZYM). They placed a “buy” rating and a price target of $11.00 on the company.
Global Hunter Securities analysts initiated coverage on Complete Production Services Inc (CPX). They placed an “accumulate” rating and a price target of $38.00 on the company.
Oppenheimer initiated coverage on China XD Plastics (CXDC). They placed an “outperform” rating and a price target of $6.00 on the company.
Credit Agricole initiated coverage on Danaher Co. (DHR). They placed a “buy” rating on the company.
Global Hunter Securities initiated coverage on Halliburton (HAL). They placed an “accumulate” rating and a price target of $60.00 on the company.
Stifel Nicolaus initiated coverage on Tranzyme Inc (TZYM). They placed a “buy” rating and a price target of $11.00 on the company.
Global Hunter Securities analysts initiated coverage on Complete Production Services Inc (CPX). They placed an “accumulate” rating and a price target of $38.00 on the company.
Oppenheimer initiated coverage on China XD Plastics (CXDC). They placed an “outperform” rating and a price target of $6.00 on the company.
Credit Agricole initiated coverage on Danaher Co. (DHR). They placed a “buy” rating on the company.
Global Hunter Securities initiated coverage on Halliburton (HAL). They placed an “accumulate” rating and a price target of $60.00 on the company.
Monday, May 2, 2011
Price Targets on (KEG) (KNXA) (LEA) (LINTA) (LPNT) Updated by Analysts
Key Energy (NYSE: KEG), Kenexa Co. (NASDAQ: KNXA), Lear Co. (NYSE: LEA), Liberty Media Corp (NASDAQ: LINTA) and Lifepoint Hospitals (NASDAQ: LPNT) get price targets updated today by analysts.
Jefferies (NYSE:JEF) raised their price target on Key Energy (KEG) from $18.00 to $20.00. They have a “buy” rating on the company.
Wedbush raised their price target on Kenexa Co. (KNXA) from $30.00 to $35.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Lear Co. (LEA) from $67.50 to $70.00. They have a “neutral” rating on the company.
Citigroup (NYSE:C) raised their price target on Liberty Media Corp (LINTA) from $18.75 to $22.00. They have a “buy” rating on the company.
Oppenheimer raised their price target on Lifepoint Hospitals (LPNT) from $39.00 to $43.00. They have a “perform” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Key Energy (KEG) from $18.00 to $20.00. They have a “buy” rating on the company.
Wedbush raised their price target on Kenexa Co. (KNXA) from $30.00 to $35.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Lear Co. (LEA) from $67.50 to $70.00. They have a “neutral” rating on the company.
Citigroup (NYSE:C) raised their price target on Liberty Media Corp (LINTA) from $18.75 to $22.00. They have a “buy” rating on the company.
Oppenheimer raised their price target on Lifepoint Hospitals (LPNT) from $39.00 to $43.00. They have a “perform” rating on the company.
Wednesday, January 19, 2011
Buy Key Energy (NYSE:KEG) on Weakness Says FBR
Key Energy Services (NYSE:KEG) had their price target boosted by FBR Capital, as they see solid secular trends in the industry, along with significant upside potential for their share price.
FBR says, "We are raising our price target and reiterating our rating due to favorable secular trends in the industry and significant upside to the firm's current share price. However, we expect the company's fourth quarter to be close to in line with consensus estimates when most other U.S. land leverage stocks should post positive surprises. As such, we believe that the stock could show some weakness around earnings. If this materializes, we would use it to add to positions in KEG as the outlook for both parts of the company should only improve through 2011...Our estimates are now ($0.04), $0.65 and $0.75 for fiscal years 2010, 2011 and 2012, respectively."
FBR Capital maintains an "Outperform" on Key Energy Services (KEG), which closed Tuesday at $12.79, dropping $0.26, or 1.99 percent. FBR raised their price target on Key Energy from $13 to $16.
FBR says, "We are raising our price target and reiterating our rating due to favorable secular trends in the industry and significant upside to the firm's current share price. However, we expect the company's fourth quarter to be close to in line with consensus estimates when most other U.S. land leverage stocks should post positive surprises. As such, we believe that the stock could show some weakness around earnings. If this materializes, we would use it to add to positions in KEG as the outlook for both parts of the company should only improve through 2011...Our estimates are now ($0.04), $0.65 and $0.75 for fiscal years 2010, 2011 and 2012, respectively."
FBR Capital maintains an "Outperform" on Key Energy Services (KEG), which closed Tuesday at $12.79, dropping $0.26, or 1.99 percent. FBR raised their price target on Key Energy from $13 to $16.
Thursday, December 30, 2010
Wells Fargo (NYSE:WFC) Raises Key Energy Services (NYSE:KEG) Valuation Range
Wells Fargo (NYSE:WFC) said they like the strategy being employed by Key Energy Services (NYSE:KEG) to transform the company, especially their initial focus on "heavy duty, workover rigs, and large-diameter, coiled tubing units."
Wells said, "We like KEG's transformation strategy and initial focus on heavy duty, workover rigs, and large-diameter, coiled tubing units. Legacy U.S. rigs should benefit from a 10%+ rise in flowing oil wells over the next 18 months. Finally, it's pushing into new foreign markets, like Colombia and MENA. But, it's pricing in credit for much of this and, before considering higher multiples, we'd prefer to see more results."
Wells Fargo maintains a "Market Perform" rating on Key Energy Services, which closed Wednesday at $13.17, gaining $0.25, or 1.93 percent.
They raised their valuation range on Key Energy from $10.75-$11.25 to $13-$13.75.
Wells said, "We like KEG's transformation strategy and initial focus on heavy duty, workover rigs, and large-diameter, coiled tubing units. Legacy U.S. rigs should benefit from a 10%+ rise in flowing oil wells over the next 18 months. Finally, it's pushing into new foreign markets, like Colombia and MENA. But, it's pricing in credit for much of this and, before considering higher multiples, we'd prefer to see more results."
Wells Fargo maintains a "Market Perform" rating on Key Energy Services, which closed Wednesday at $13.17, gaining $0.25, or 1.93 percent.
They raised their valuation range on Key Energy from $10.75-$11.25 to $13-$13.75.
Monday, November 1, 2010
Key Energy (NYSE:KEG) Outlooks Should Improve After Weak Quarter
The last quarterly report by Key Energy Services (NYSE:KEG) wasn't too impressive, but Canaccord Genuity sees things improving for them going forward, and maintain a "Buy" rating on them.
"We reiterate our BUY rating on KEG as we expect pricing to gain more traction in the US well servicing business driven by a high oil price and an increasing oil-directed rig count, stronger coiled tubing demand, equipment going to work in new locations internationally like Colombia and Bahrain, and integration of its OFS Energy acquisition," said Canaccord.
Key Energy closed Friday at $9.85, down $0.20, or 1.99 percent. Canaccord has a price target of $13.50 on them.
"We reiterate our BUY rating on KEG as we expect pricing to gain more traction in the US well servicing business driven by a high oil price and an increasing oil-directed rig count, stronger coiled tubing demand, equipment going to work in new locations internationally like Colombia and Bahrain, and integration of its OFS Energy acquisition," said Canaccord.
Key Energy closed Friday at $9.85, down $0.20, or 1.99 percent. Canaccord has a price target of $13.50 on them.
Tuesday, October 26, 2010
Wells Fargo (NYSE:WFC) Initiates Coverage on Key Energy (NYSE:KEG), Oceaneering (NYSE:OII), Drill-Quip (Nasdaq:DRQ), National Oilwell (NYSE:NOV)
A number of financial institutions launched coverage on a number of energy companies, and Wells Fargo (NYSE:WFC) initiated coverage on Key Energy Services, Inc (NYSE:KEG), Oceaneering International, Inc. (NYSE:OII), Drill-Quip, Inc. (Nasdaq:DRQ) and National Oilwell Varco, Inc. (NYSE:NOV).
On Key Energy Services, which Wells started off with a "Market Perform," they said, "We like KEG's transformation strategy and initial focus on heavy duty, workover rigs, and large-diameter, coiled tubing units. Legacy U.S. rigs should benefit from a 10%+ rise in flowing oil wells over the next 18 months. Finally, it's pushing into new foreign markets, like Colombia and MENA. But, it's pricing in credit for much of this and, before considering higher multiples, we'd prefer to see more results."
They have a valuation range of $10.70 to $11.25 on Key Energy.
On National Oilwell Varco, they were started with an "Outperform" by Wells.
They said, "NOV's narrative has shifted from one plotline--the global rig construction boom - to several, some underappreciated in our view. While an encore of the '05-08 frenzy is unlikely, newbuilding has strong, secular drivers across asset types that are spurring a pick-up, with Petrobrás about to move on its first 9 floaters, and U.S. contractors regrowing shale-oriented fleets; and should ensure an ongoing, healthy flow. But, NOV also 1) is the best positioned in the rig equipment aftermarket; 2) has grown its exposure to FPSOs; 3) should make more $500MM+ acquisitions."
A valuation of $63.00 to $65.00 was placed on them.
Drill-Quip, Inc. was started off with a "Market Perform" rating.
Wells said about them, "The purest, deepwater capital equipment play, DRQ is a well run manufacturer that, over a 2011-12 expected upturn in floater activity, should generate highly competitive earnings growth and returns. Beyond 2012, it's well positioned for Petrobras' planned 20+ newbuilds, and continued, general secular growth. DRQ's valuation premium is warranted and largely reflects its appeal as takeover target. However, we presently find the stock fairly valued and await a better entry point."
A valuation range of $66.00 to $71.00 was placed on them by Wells.
Oceaneering Int'l was launched with an "Outperform by Wells Fargo.
"OII offers compelling risk-reward. We think potential variance to its expected U.S. Gulf of Mexico earnings is skewed to the upside. Globally, the floater fleet should expand by 61 new units and shift towards a more equal balance between exploration and development. Both factors should fuel ROVs and Subsea Products growth. Finally, OII should use its ample fire power continue to return cash, most likely via share repurchases, and make accretive, if likely tiny, acquisitions."
A valuation range of $63.00 to $66.00 was appointed by Wells on Oceanering.
On Key Energy Services, which Wells started off with a "Market Perform," they said, "We like KEG's transformation strategy and initial focus on heavy duty, workover rigs, and large-diameter, coiled tubing units. Legacy U.S. rigs should benefit from a 10%+ rise in flowing oil wells over the next 18 months. Finally, it's pushing into new foreign markets, like Colombia and MENA. But, it's pricing in credit for much of this and, before considering higher multiples, we'd prefer to see more results."
They have a valuation range of $10.70 to $11.25 on Key Energy.
On National Oilwell Varco, they were started with an "Outperform" by Wells.
They said, "NOV's narrative has shifted from one plotline--the global rig construction boom - to several, some underappreciated in our view. While an encore of the '05-08 frenzy is unlikely, newbuilding has strong, secular drivers across asset types that are spurring a pick-up, with Petrobrás about to move on its first 9 floaters, and U.S. contractors regrowing shale-oriented fleets; and should ensure an ongoing, healthy flow. But, NOV also 1) is the best positioned in the rig equipment aftermarket; 2) has grown its exposure to FPSOs; 3) should make more $500MM+ acquisitions."
A valuation of $63.00 to $65.00 was placed on them.
Drill-Quip, Inc. was started off with a "Market Perform" rating.
Wells said about them, "The purest, deepwater capital equipment play, DRQ is a well run manufacturer that, over a 2011-12 expected upturn in floater activity, should generate highly competitive earnings growth and returns. Beyond 2012, it's well positioned for Petrobras' planned 20+ newbuilds, and continued, general secular growth. DRQ's valuation premium is warranted and largely reflects its appeal as takeover target. However, we presently find the stock fairly valued and await a better entry point."
A valuation range of $66.00 to $71.00 was placed on them by Wells.
Oceaneering Int'l was launched with an "Outperform by Wells Fargo.
"OII offers compelling risk-reward. We think potential variance to its expected U.S. Gulf of Mexico earnings is skewed to the upside. Globally, the floater fleet should expand by 61 new units and shift towards a more equal balance between exploration and development. Both factors should fuel ROVs and Subsea Products growth. Finally, OII should use its ample fire power continue to return cash, most likely via share repurchases, and make accretive, if likely tiny, acquisitions."
A valuation range of $63.00 to $66.00 was appointed by Wells on Oceanering.
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