Talisman Energy (NYSE: TLM), Huntington Bancshares (NASDAQ: HBAN), GeoResources (NASDAQ: GEOI), Franklin Resources (NYSE: BEN), Alvarion Ltd. (NASDAQ: ALVR) and Aeroflex Holding (NYSE: ARX) ratings and price targets.
Talisman Energy (TLM) had its “hold” rating reiterated by Canaccord Genuity.
Huntington Bancshares (HBAN) is now covered by Robert W. Baird. They have a “neutral” rating and a price target of $6.00 on the company.
GeoResources (GEOI) had its price target raised by Rodman & Renshaw to $32.00. They have an “outperform” rating on the company.
Franklin Resources (BEN) was downgraded by Citigroup (NYSE:C) from a “buy” rating to a “neutral” rating. They have a price target of $105.00 on the company.
Alvarion Ltd. (ALVR) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
Aeroflex Holding (ARX) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating.
Showing posts with label Talisman Energy. Show all posts
Showing posts with label Talisman Energy. Show all posts
Wednesday, January 11, 2012
Wednesday, August 3, 2011
Monsanto (MON) (BRY) (PCH) (PCL) (SO) (TLM) Upgraded
Monsanto Co. (NYSE: MON), Berry Petroleum Comp (NYSE: BRY), Potlatch Co. (NYSE: PCH), Plum Creek Timber Co. (NYSE: PCL), Southern Co (NYSE: SO) and Talisman Energy Inc (NYSE: TLM) were upgraded by analysts.
Berry Petroleum Comp (BRY) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Monsanto Co. (MON) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Potlatch Co. (PCH) was upgraded by DA Davidson from a “Neutral” rating to a “Buy” rating. They have a price target of $38.00 on the company.
Plum Creek Timber Co. (PCL) was upgraded by DA Davidson from a “Neutral” rating to a “Buy” rating.
Southern Co. (SO) was upgraded by Hilliard Lyons from a “Neutral” rating to a “Buy” rating. They have a price target of $43.00 on the company.
Talisman Energy Inc. (TLM) was upgraded by Sanford C. Bernstein from an “Underperform” rating to a “Market Perform” rating.
Berry Petroleum Comp (BRY) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Monsanto Co. (MON) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Potlatch Co. (PCH) was upgraded by DA Davidson from a “Neutral” rating to a “Buy” rating. They have a price target of $38.00 on the company.
Plum Creek Timber Co. (PCL) was upgraded by DA Davidson from a “Neutral” rating to a “Buy” rating.
Southern Co. (SO) was upgraded by Hilliard Lyons from a “Neutral” rating to a “Buy” rating. They have a price target of $43.00 on the company.
Talisman Energy Inc. (TLM) was upgraded by Sanford C. Bernstein from an “Underperform” rating to a “Market Perform” rating.
Thursday, May 5, 2011
Ratings on (SONE) (TLM) (TRMB) (UNT) (WFMI) Upgraded by Analysts
Analysts upgraded ratings on S1 Corp (NASDAQ: SONE), Talisman Energy Inc (NYSE: TLM), Trimble Navigation (NASDAQ: TRMB), Unit Co. (NYSE: UNT) and Whole Foods Market, Inc. (NASDAQ: WFMI) today.
Craig Hallum upgraded S1 Corp (SONE) from an “accumulate” rating to a “buy” rating.
TD Newcrest upgraded Talisman Energy Inc (TLM) from a “hold” rating to a “buy” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded Trimble Navigation (TRMB) from a “neutral” rating to an “overweight” rating.
Credit Agricole upgraded Unit Co. (UNT) from an “underperform” rating to an “outperform” rating.
William Blair upgraded Whole Foods Market, Inc. (WFMI) from a “market perform” rating to an “outperform” rating.
Craig Hallum upgraded S1 Corp (SONE) from an “accumulate” rating to a “buy” rating.
TD Newcrest upgraded Talisman Energy Inc (TLM) from a “hold” rating to a “buy” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded Trimble Navigation (TRMB) from a “neutral” rating to an “overweight” rating.
Credit Agricole upgraded Unit Co. (UNT) from an “underperform” rating to an “outperform” rating.
William Blair upgraded Whole Foods Market, Inc. (WFMI) from a “market perform” rating to an “outperform” rating.
Wednesday, January 12, 2011
Talisman Energy (NYSE:TLM) Production Projection Lowered by Ticonderoga
Citing the Yme project in Norway, which won't get going until the middle of 2011, Ticonderoga lowered their production estimate for Talisman Energy (NYSE:TLM).
Ticonderoga says, "TLM announced its 2011 production and
capital expenditure guidance this morning. Capex for 2011 expected to be $4 billion, in line with 2010 and in agreement with our previous forecast. Production growth before including the new BP Colombia assets is forecast at 5-10%; we are currently forecasting 8.7%. RRC costs are expected to go down 25-30% in 2010, similar in 2011. Net net is a 2% increase in NAV to C$28.82.
"However, based on the announced mid-year start of the Yme project offshore Norway, we are reducing our production forecast in the relatively high price Scandinavia region, thereby lowering our 2011 earnings forecast 8% to C$1.45/share. We remain at Buy with a PT of C$27 given TLM’s continued ability to refine its focus and grow production."
Ticonderoga maintains a "Buy" rating on Talisman Energy, which closed Tuesday at $23.08, gaining $0.74, or 3.31 percent.
Ticonderoga says, "TLM announced its 2011 production and
capital expenditure guidance this morning. Capex for 2011 expected to be $4 billion, in line with 2010 and in agreement with our previous forecast. Production growth before including the new BP Colombia assets is forecast at 5-10%; we are currently forecasting 8.7%. RRC costs are expected to go down 25-30% in 2010, similar in 2011. Net net is a 2% increase in NAV to C$28.82.
"However, based on the announced mid-year start of the Yme project offshore Norway, we are reducing our production forecast in the relatively high price Scandinavia region, thereby lowering our 2011 earnings forecast 8% to C$1.45/share. We remain at Buy with a PT of C$27 given TLM’s continued ability to refine its focus and grow production."
Ticonderoga maintains a "Buy" rating on Talisman Energy, which closed Tuesday at $23.08, gaining $0.74, or 3.31 percent.
Thursday, December 23, 2010
Range Resources (NYSE:RRC) Best Upside Leverage in Marcellus
M&A activity in Marcellus Shale properties has drawn the interest of investors, and Range Resources (NYSE:RRC) is considered as having the best upside leverage of the companies in Marcellus.
Ticonderoga said, "Exco Resources (NYSE:XCO)(Not-rated) announced the $459MM purchase of Marcellus Shale properties from Chief Oil & Gas, which once again highlights the willingness of companies to continue to invest in Marcellus acreage, something we haven’t seen in other gas plays."
"Range has the most upside leverage to the Marcellus in our coverage universe, and trades at a steep discount to peers with a P/NAV of 75%, which compares with 85% for the group. As with previous Marcellus transactions, the Exco-Chief deal once again implies a higher valuation for RRC.
"RRC has an estimated 24 Tcf of unbooked potential resources in the Marcellus. The northeastern region accounts for 6.0 Tcf and one-third (300,000) of the company’s total Marcellus leases. As part of our $58.70 NAV for RRC, we valued the 6.0 Tcf at $0.14/Mcf, or $852MM. Applying the 6,000 per acre from the Exco-Chief deal (Chief had drilled several wells in Lycoming county adjacent to wells drilled by RRC) would imply a value of $1,800MM, a 10% increase to our NAV, or $948MM, which equates to $5.90/share.
"Talisman Energy (NYSE:TLM)(Buy), Anadarko Petroleum (NYSE:APC)(Neutral) and Chesapeake Energy (NYSE:CHK)(Neutral) are companies under our coverage with exposure to the Marcellus."
Ticonderoga maintains a "Buy" rating on Range Resources, which closed Wednesday at $44.70, up $0.50, or 1.13 percent. Ticonderoga has a price target of $45 on them.
Ticonderoga said, "Exco Resources (NYSE:XCO)(Not-rated) announced the $459MM purchase of Marcellus Shale properties from Chief Oil & Gas, which once again highlights the willingness of companies to continue to invest in Marcellus acreage, something we haven’t seen in other gas plays."
"Range has the most upside leverage to the Marcellus in our coverage universe, and trades at a steep discount to peers with a P/NAV of 75%, which compares with 85% for the group. As with previous Marcellus transactions, the Exco-Chief deal once again implies a higher valuation for RRC.
"RRC has an estimated 24 Tcf of unbooked potential resources in the Marcellus. The northeastern region accounts for 6.0 Tcf and one-third (300,000) of the company’s total Marcellus leases. As part of our $58.70 NAV for RRC, we valued the 6.0 Tcf at $0.14/Mcf, or $852MM. Applying the 6,000 per acre from the Exco-Chief deal (Chief had drilled several wells in Lycoming county adjacent to wells drilled by RRC) would imply a value of $1,800MM, a 10% increase to our NAV, or $948MM, which equates to $5.90/share.
"Talisman Energy (NYSE:TLM)(Buy), Anadarko Petroleum (NYSE:APC)(Neutral) and Chesapeake Energy (NYSE:CHK)(Neutral) are companies under our coverage with exposure to the Marcellus."
Ticonderoga maintains a "Buy" rating on Range Resources, which closed Wednesday at $44.70, up $0.50, or 1.13 percent. Ticonderoga has a price target of $45 on them.
Tuesday, October 26, 2010
JPMorgan (NYSE:JPM) Launches Coverage on Cenovus (NYSE:CVE), Nexen (NYSE:NXY), Talisman (NYSE:TLM), Canadian Natural Resources (NYSE:CNQ) and Suncor (
JPMorgan took aim at companies with strong exposure to the Canadian oil sands in Alberta, with analyst Katherine Minyard initiating coverage on Cenovus Energy (NYSE:CVE), Nexen (NYSE:NXY), Talisman Energy NYSE:TLM), Canadian Natural Resources (NYSE:CNQ), Suncor Energy (NYSE:SU) and Husky Energy (TSE:HSE).
She started off Cenovus Energy, Nexen, and Talisman Energy with "Overweight" ratings. Canadian Natural Resources and Suncor Energy with "Neutral" ratings, and Husky Energy with an "Underweight" rating.
“We believe depth of resource base, production growth visibility and exposure to an increasingly important source of global oil supply make for an attractive value proposition in oil sands-rich Canadian oils,” Minyard said in a note to clients.
Minyard concedes her outlook on the sector is based on the ongoing support underlying oil prices. If they were to drop, the scenario for the above-mentioned companies in the short term could change significantly.
She concluded, “Although our near- and long-term oil price modeling assumptions do not call for prices to differ significantly from the current $81/barrel, significant or sustained weakness in the oil price would likely pressure share prices.”
She started off Cenovus Energy, Nexen, and Talisman Energy with "Overweight" ratings. Canadian Natural Resources and Suncor Energy with "Neutral" ratings, and Husky Energy with an "Underweight" rating.
“We believe depth of resource base, production growth visibility and exposure to an increasingly important source of global oil supply make for an attractive value proposition in oil sands-rich Canadian oils,” Minyard said in a note to clients.
Minyard concedes her outlook on the sector is based on the ongoing support underlying oil prices. If they were to drop, the scenario for the above-mentioned companies in the short term could change significantly.
She concluded, “Although our near- and long-term oil price modeling assumptions do not call for prices to differ significantly from the current $81/barrel, significant or sustained weakness in the oil price would likely pressure share prices.”
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