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.
Latest Ratings for MILL
|Apr 2015||Noble Financial||Initiates Coverage on||Hold|
|Dec 2014||SunTrust Robinson Humphrey||Downgrades||Buy||Neutral|
|Dec 2014||Imperial Capital||Maintains||Outperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.