CK Cooper

CK Cooper initiates its coverage on Bonanza Creek (NYSE: BCEI) with a Buy rating and a price target of $27. CK Cooper comments, "BCEI has identified 290 net horizontal Niobrara locations, mostly unbooked, on its Wattenberg Field leasehold. Horizontal development in the field is evolving quickly...

Listed below are today's Top Upgrades at Benzinga: Bank of America Upgrades Giant Interactive (NYSE: GA) to Neutral: BofA Merrill Lynch said in its report “Giant is managing the transition of its flagship game ZT to extend game life and expand the paying user base. Although we expect this move to...

CK Cooper lowers its price target to $10 on Buy-rated Double Eagle Petroleum (NASDAQ: DBLE) as it waits on better Niobrara results and better natural gas prices. CK Cooper says, "Given weakness in natural gas prices, DBLE announced 2012 capex in the range of $15-20 mm, down from 2011 capex of $24...

CK Cooper raises its price target to $39 from $32 on GeoResources (NASDAQ: GEOI) as the company reports strong year-end reserve growth. CK Cooper notes, " 2011 reserves grew by 22% and before-tax PV-10 increased by 63%, with a significant portion of the increase coming from development of the...

CK Cooper lowers its rating on Houston American Energy (NYSE: HUSA) to Hold from Buy due to continued drilling challenges in Colombia. CK Cooper says, "HUSA released an 8K filing that reported on the progress of the Tamandua #1 well, the company's first well drilled on the CPO-4 Block by operator...

CK Cooper raises its price target on Buy-rated Northern Oil & Gas (NYSE: NOG) by $4 to $35 a share on proven reserves growth. CK Cooper says, " Proved reserves grew by a whopping 198% from 15.7MMBOE (89% oil/11% NG, 41% proved developed) to 46.8MMBOE (89% oil/11% NG, 34% PD). PV-10 value...

CK Cooper maintains its Buy rating and $38 target price on Gulfport Energy (NASDAQ: GPOR) despite Q4 EPS missing estimates due to higher DD&A costs. CK Copper says, "While the reserve report was somewhat disappointing, in our opinion, this was offset by an increase in reserves at Grizzly and...

CK Cooper raises its target price on Buy-rated Approach Resources (NASDAQ: AREX) and raises its price target to $48 from $35 as the company announced increase in year end reserves. CK Cooper notes, "AREX reported a 52% increase in year-end 2011 reserves, to 77 mmboe. Reserves were comprised of...

CK Cooper maintains its Buy rating on Evolution Petroleum (NYSE: EPM) and raises its price target by $1 to $11 on continued strong performance at the company's Delhi Field. CK Cooper says, "Positive developments at Delhi Field continued in 2Q12, as Denbury Resources (NYSE: DNR), the Field...