Gabelli & Co. is out with a research report on Union Drilling Inc UDRL and it has a Buy rate on shares.
In a note to clients, Gabelli & Co. writes, "We are raising our 2011 and 2012 EPS estimates to ($0.35) and $0.15, from ($0.45) and $0.10, respectively, to reflect lower costs. The company returned to profitability in the 3Q and announced that it will sell 31 of its smaller conventional rigs via an auction in December."
Shares of UDRL closed at $7.49 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in