CF Industries Holdings (NYSE: CF), Rex Energy (NASDAQ: REXX), Range Resources (NYSE: RRC), Theravance, Inc. (NASDAQ: THRX), Veeco Instruments Inc. (NASDAQ: VECO) and Entropic (NASDAQ: ENTR) ratings and price targets.
Rex Energy (REXX) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating.
CF Industries Holdings (CF) was upgraded by Goldman Sachs (NYSE:GS)from a “Neutral” rating to a “Buy” rating.
Range Resources (RRC) was upgraded by Canaccord Genuity from a “Sell” rating to a “Hold” rating. They have a price target of $59.00 on the company, down from $60.00.
Morgan Stanley (NYSE:MS) initiated coverage on Theravance, Inc. (THRX). They placed an “Underweight” rating and a price target of $12.00 on the company.
Exane BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
Roth Capital initiated coverage on Entropic (ENTR). They placed a “Buy” rating on the company.
Showing posts with label Rex Energy. Show all posts
Showing posts with label Rex Energy. Show all posts
Wednesday, February 1, 2012
Wednesday, September 1, 2010
Rex (Nasdaq:REXX) Selling Some Marcellus Assets to Sumitomo
Rex Energy Corp (Nasdaq:REXX) announced it is selling some of its acreage in the Marcellus shale to Sumitomo Corp. of Japan.
Shares of the energy company soared on the news, finishing Tuesday's trading session at $11.31, gaining $1.05, or 10.23 percent.
Terms of the deal are $140.4 million, with $88.4 million in cash at the close of the deal, and another $52 million in the form of a drilling carry.
The assets sold include 12,900 acres in the Marcellus Shale in Pennsylvania, a number of shale wells already in production, and other mid-stream assets.
Concerns have also been allayed over the shortfall of its capital expenditures, which now stands at $130.7 million.
Shares of the energy company soared on the news, finishing Tuesday's trading session at $11.31, gaining $1.05, or 10.23 percent.
Terms of the deal are $140.4 million, with $88.4 million in cash at the close of the deal, and another $52 million in the form of a drilling carry.
The assets sold include 12,900 acres in the Marcellus Shale in Pennsylvania, a number of shale wells already in production, and other mid-stream assets.
Concerns have also been allayed over the shortfall of its capital expenditures, which now stands at $130.7 million.
Wednesday, June 23, 2010
Credit Suisse (NYSE:CS) Covering 8 More Oil and Gas Stocks
Credit Suisse (NYSE:CS) has initiated coverage on eight more oil and gas stocks, including Penn Virginia (NYSE:PVA), Berry Petroleum (NYSE:BRY), Comstock Resources (NYSE:CRK), Swift Energy Company (NYSE:SFY), Rosetta Resources (Nasdaq:ROSE), Petroleum Development (Nasdaq:PETD), GMX Resources (Nasdaq:GMXR) and Rex Energy (Nasdaq:REXX).
The giants bank started these five off at "Outperform" ratings: Penn Virginia, Berry Petroleum, Comstock Resources, Swift Energy Company and Rosetta Resources.
Identified as neutral were Petroleum Development, GMX Resources and Rex Energy.
The price target from highest to lowest was Comstock Resources, with a price target of $43, and standing at $22.15 as of 3:13 PM EDT today. The price target for Berry Petroleum is $40, standing today at $30.24, as of 3:11 PM EDT.
Moving to price targets between $30 and $39 a share, we start with Swift Energy Company, with a target of $39 share, and at 29.82 as of 3:17 PM EDT. Next is Penn Virginia, which is expected to reach $33 a share, and is at $22.16 at 3:15 PM EDT. Finally comes Rosetta Resources, which Credit Suisse expects to reach $31, and is at $22.71 at 3:17 PM EDT.
At a price target of $29 a share is Petroleum Development, which stands at 26.19 at 3:20 PM EDT.
Rex Energy as a target of $13 attached to it, which today is at $10.72 a share at 3:21 PM EDT.
Last with an $8 a share price target is GMX Resources, which isn't that far from there, now at 7.12 at 3:22 PM EDT.
The giants bank started these five off at "Outperform" ratings: Penn Virginia, Berry Petroleum, Comstock Resources, Swift Energy Company and Rosetta Resources.
Identified as neutral were Petroleum Development, GMX Resources and Rex Energy.
The price target from highest to lowest was Comstock Resources, with a price target of $43, and standing at $22.15 as of 3:13 PM EDT today. The price target for Berry Petroleum is $40, standing today at $30.24, as of 3:11 PM EDT.
Moving to price targets between $30 and $39 a share, we start with Swift Energy Company, with a target of $39 share, and at 29.82 as of 3:17 PM EDT. Next is Penn Virginia, which is expected to reach $33 a share, and is at $22.16 at 3:15 PM EDT. Finally comes Rosetta Resources, which Credit Suisse expects to reach $31, and is at $22.71 at 3:17 PM EDT.
At a price target of $29 a share is Petroleum Development, which stands at 26.19 at 3:20 PM EDT.
Rex Energy as a target of $13 attached to it, which today is at $10.72 a share at 3:21 PM EDT.
Last with an $8 a share price target is GMX Resources, which isn't that far from there, now at 7.12 at 3:22 PM EDT.
Subscribe to:
Posts (Atom)