UPDATE: C.K. Cooper Raises Price Target

According to C.K. Cooper, Endeavour International END price target is raised to $15. C.K. Cooper said that it is raising its price target on END from $12.00 to $15.00 to reflect a positive 2011 reserve report, which was summarized in a recent 8K filing. “We use more conservative commodity price deck assumptions of ~$100/BBL for Brent oil and $3.00-$3.50/MCF for U.S. natural gas.” Endeavour closed yesterday at $11.26.