Pritchard Capital Believes Big Deal Is Just Around The Corner For FX Energy, Inc. (FXEN)
By coleneum
August 11, 2010 5:30 AM
August 11, 2010 5:30 AM
Pritchard Capital Partners released a note yesterday, where it maintains its “buy” rating on shares of FX Energy, Inc. (NASDAQ: FXEN); it has also set a price target of $6.00 on the stock.
FXEN is engaged in serious discussion with two separate parties interested in forming a partnership to drill its Kutno prospect. Analysts believe that “of all FXEN's opportunities, the Kutno prospect has the greatest potential upside with an unrisked potential of 9.5 Tcf.”
The analysts at PCP noted that they are “revising 2010 and 2011 EPS/CFPS estimates to $0.13/$0.28 and $0.35/$0.48 from $0.19/$0.29 and $0.23/$0.42, based on recent results.”
Shares of FXEN closed yesterday at $3.45.
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