Miller Energy Rockets Over 12%
Shares of Miller Energy Resources (NYSE: MILL) have surged over 12 percent following an upgrade from SunTrust analyst Neal Dingmann.
Dingmann has upgraded the stock from Neutral to Buy and raised the price target from $8 to $10.
As the basis for his upgrade, Dingmann noted that he sees Miller's production growing by approximately 180 percent this year and ~60 percent next year due to acquisitions and wells in the Cook Inlet and North Slope.
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