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Pritchard Capital Partners Initiates Coverage on Anadarko Petroleum
Tuesday, May 22, 2012 - 8:30amAccording to a research report this morning, Pritchard Capital Partners initiates a Neutral rating and $98 PT on the oil and natural gas production company, Anadarko Petroleum (NYSE: APC). Pritchard Capital Partners stated, “APC continues to excel at exploration as in the giant Golfinho gas find...
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UPDATE: Pritchard Capital Partners Lowers PT on Tidewater Inc. to $65
Tuesday, May 22, 2012 - 7:15amAccording to a research report this morning, Capital Partners decreases its PT on Tidewater (NYSE: TDW) from $68 to $65 as a big upside over FY2012 is expected. Pritchard Capital Partners stated, “To factor in TDW's Q1 guidance and some additional wage cost inflation, we are bringing our 2013 EPS...
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UPDATE: Pritchard Capital Partners Drops PT to $7 on Magnum Hunter Resources Post Recent Capital Raises
Wednesday, May 16, 2012 - 9:40amPritchard Capital Partners reduces its price target from $8 to $7 on Magnum Hunter Resources (NYSE: MHR) following a recent capital raise. Pritchard Capital Partners says, "Following the recent capital market raises, we are lowering our 2012 EPS/CFPS to ($0.11)/$0.74 from $0.06/$1.15, driven by...
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UPDATE: Pritchard Capital Partners Reduces PT to $20 on Chesapeake Energy Corporation; Continuing Uncertainties
Tuesday, May 15, 2012 - 11:01amPritchard Capital Partners reiterates its Neutral rating on Chesapeake Energy Corporation (NYSE: CHK) and lowers its price target from $25 to $20. Pritchard Capital Partners says, "Given the continuing uncertainties, complexity and headline risk of the CHK story, we are maintaining our ‘Neutral'...
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UPDATE: Pritchard Capital Partners Reduces PT to $10 on ATP Oil & Gas Corporation; Q1 Miss
Monday, May 14, 2012 - 9:06amPritchard Capital Partners lowers its price target from $14 to $10 on ATP Oil & Gas Corporation (NASDAQ: ATPG) as it reiterates Buy on shares. Action was mainly driven by the company's Q1 miss. Pritchard Capital Partners comments, "We are lowering our 2012 CPFS to $5.10 from $7.65, driven...
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UPDATE: Pritchard Capital Partners Lowers PT to $32 on Swift Energy Company; Liquids Pricing Outlook
Tuesday, May 8, 2012 - 10:40amPritchard Capital Partners cuts its price target from $39 to $32 on Buy-rated Swift Energy Company (NYSE: SFY) on tempering liquids pricing expectations. Pritchard Capital Partners notes, "We have lowered our expectations on the company's oil and NGL price realizations, and we are lowering our...
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UPDATE: Pritchard Capital Partners Raises PT to $15 on Rex Energy Corporation; Keystone Midstream Sale
Tuesday, May 8, 2012 - 10:39amPritchard Capital Partners raises its price target from $13 to $15 on Buy-rated Rex Energy (NASDAQ: REXX) following Keystone Midstream sale that yielded proceeds above expectations. Pritchard Capital Partners comments, "REXX announced that it and its two partners, Sumitomo Corp (SSUMY, $13.81-NR...
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Pritchard Capital Partners Initiates Coverage on Devon Energy
Tuesday, May 8, 2012 - 8:51amAccording to a research report, Pritchard Capital Partners initiates a Buy rating and PT of $83 PT on the underappreciated oil drilling company, Devon Energy (NYSE: DVN). Pritchard Capital Partners explained, “Although a consistently successful operator in many basins, a large percentage of DVN...
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UPDATE: Pritchard Capital Partners Cuts PT to $21 on Tesco Corporation; Dropping Sales
Monday, May 7, 2012 - 9:33amPritchard Capital Partners reduces its price target from $22 to $21 on Buy-rated Tesco Corporation (NASDAQ: TESO) on expectations that sales will drop for Q2. Pritchard Capital Partners comments, "We foresee TD sales dropping sequentially to $37mm from $50mm in Q1, with units dipping to 27 from...
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UPDATE: Pritchard Capital Partners Raises PT to $50 on National Fuel; Midstream Business Increase
Monday, May 7, 2012 - 9:30amPritchard Capital Partners reiterates its Neutral rating on National Fuel (NYSE: NFG) on current gas prices and raises its price target from $48 to $50 in a valuation increase due to the company's midstream business. Pritchard Capital Partners says, "We are maintaining our 'Neutral' rating since...
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