EXCO Resources, Inc. (XCO), EnerNOC, Inc. (ENOC), GeoResources, Inc. (GEOI), Northern Offshore (NFSHF), AthenaHealth (ATHN), Bayer AG (BAYRY) and Digital Realty Trust, Inc. (DLR) had ratings and price targets on them adjusted by analysts.
Jefferies Group downgraded EXCO Resources, Inc. (XCO) from a "Hold" rating to a "Underperform" rating.
Capstone upgraded EnerNOC, Inc. (ENOC) from a "Sell" rating to a "Hold" rating.
Global Hunter Securities upgraded GeoResources, Inc. (GEOI) from a "Accumulate" rating to a "Buy" rating. They raised their price target on the company to $39.00
Imperial Capital upgraded Northern Offshore (NFSHF) to an "Outperform" rating.
Auriga downgraded AthenaHealth (ATHN) from a "Hold" rating to a "Sell" rating.
JPMorgan Chase & Co. downgraded Bayer AG (BAYRY) from a "Overweight" rating to a "Neutral" rating.
Jefferies Group downgraded Digital Realty Trust, Inc. (DLR) from a "Buy" rating to a "Hold" rating.
Showing posts with label Exco Resources. Show all posts
Showing posts with label Exco Resources. Show all posts
Thursday, March 15, 2012
Wednesday, November 3, 2010
Moody's (NYSE:MCO) Downgrades EXCO Resources (NYSE:XCO), As Do Several Others
Moody's (NYSE:MCO) downgraded EXCO Resources (NYSE:XCO) from "Positive" to "Developing" on the proposed buyout of the company and taking it private being a distraction to management.
Other agencies joined the downgrade bonanza, with Morgan Keegan downgrading them from "Outperform" to "Market Perform," MBO Capital downgraded them from "Outperform" to "Market Perform" as well, and Scotia Capital also downgraded XCO from "Sector Outperform" to "Sector Perform."
Price targets stood at $20 from Morgan, increased from $17 to $21 by BMO, and from $20 to $20.50 by Scotia.
Standard & Poor's Rating Service put the "BB-" corporate credit rating and "B" senior unsecured debt rating on negative credit watch.
Ratings could be lowered depending on the success of the takeover and how the financing is structured, concluded Standard & Poor's.
Moody's sees the process itself as being detrimental to the company, no matter what the ultimate terms of the deal may end up being.
Other agencies joined the downgrade bonanza, with Morgan Keegan downgrading them from "Outperform" to "Market Perform," MBO Capital downgraded them from "Outperform" to "Market Perform" as well, and Scotia Capital also downgraded XCO from "Sector Outperform" to "Sector Perform."
Price targets stood at $20 from Morgan, increased from $17 to $21 by BMO, and from $20 to $20.50 by Scotia.
Standard & Poor's Rating Service put the "BB-" corporate credit rating and "B" senior unsecured debt rating on negative credit watch.
Ratings could be lowered depending on the success of the takeover and how the financing is structured, concluded Standard & Poor's.
Moody's sees the process itself as being detrimental to the company, no matter what the ultimate terms of the deal may end up being.
Wednesday, March 24, 2010
Exco Resources (NYSE:XCO) Marcellus Shale Joint Venture
Exco Resources Marcellus Shale
According to CEO Douglas Miller, within a couple of weeks Exco Resources Inc. (NYSE:XCO) could announce a joint venture in the Marcellus shale.
Increased drilling in the region by companies like Chesapeake Energy Corp. (NYSE:CHK), Encana Corp. (NYSE:ECA) and Petrohawk Energy Corp. (NYSE:HK) has raised costs, making it more profitable to attract a partner than bear the cost themselves.
Miller didn't release any potential partners in the Marcellus shale play, although he's looking at a number of options before making a final decision.
Exco Resources Marcellus Shale
According to CEO Douglas Miller, within a couple of weeks Exco Resources Inc. (NYSE:XCO) could announce a joint venture in the Marcellus shale.
Increased drilling in the region by companies like Chesapeake Energy Corp. (NYSE:CHK), Encana Corp. (NYSE:ECA) and Petrohawk Energy Corp. (NYSE:HK) has raised costs, making it more profitable to attract a partner than bear the cost themselves.
Miller didn't release any potential partners in the Marcellus shale play, although he's looking at a number of options before making a final decision.
Exco Resources Marcellus Shale
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