Market Overview

UPDATE: Global Hunter Securities Downgrades EPL Oil & Gas on Lower Guidance


Global Hunter Securities reduced its rating on EPL Oil & Gas (NYSE: EPL) from Buy to Accumulate and reduced its price target from $27 to $25.

Global Hunter Securities said, "EPL reported Q3:12 results that were ahead of expectations: 10.83 Mboepd, $0.31 in EPS, $1.20 in CFPS and $50.4MM in EBITDA vs. 10.1 MMboe, $0.23, $1.14 and $52.9MM, respectively. Financial upside all materialized below the operating income line, however, as compared to our forecast. … Our valuation estimate declines $2 per share to $25 in response to more conservative than previously forecasted production. Our downgrade to Accumulate from Buy reflects a more cautious stance in response to limited appreciation potential from recent price levels to our price target."

EPL Oil & Gas closed at $22.45 on Thursday.

Latest Ratings for EPL

Apr 2014DowngradesMarket Perform
Mar 2014DowngradesOutperformMarket Perform
Mar 2014DowngradesBuyHold

View More Analyst Ratings for EPL
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (EPL)

View Comments and Join the Discussion!

Latest Ratings

VRTXCantor FitzgeraldMaintains229.0
HCMCLSAInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Barrington Research Downgrades VistaPrint to Market Perform on Organic Growth Deceleration

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Alliant Techsystems