Market Overview

UPDATE: Canaccord Initiates EPL Oil & Gas at Hold Citing Full Valuation

Share:

In a report published on Wednesday, Canaccord analyst Stephen Berman initiated EPL Oil & Gas (NYSE: EPL) at a Hold Rating and a price target of $35.

In the report, Canaccord noted, "As a result of several smart acquisitions beginning in 2011, which doubled the size of the company, and a focus on execution with the drill bit, EPL has transitioned to a production profile approaching 80% oil, from one that was less than 50% as recently as 2010.".

EPL Oil & Gas closed on Tuesday at $32.55.

Latest Ratings for EPL

DateFirmActionFromTo
Apr 2014DowngradesMarket Perform
Mar 2014DowngradesOutperformMarket Perform
Mar 2014DowngradesBuyHold

View More Analyst Ratings for EPL
View the Latest Analyst Ratings

Posted-In: Canaccord Stephen BermanAnalyst Color Initiation Analyst Ratings

 

Related Articles (EPL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
FTVJP MorganReinstates72.0
AMDRBC CapitalMaintains50.0
NVDASunTrust Robinson HumphreyMaintains240.0
ACHCLSAUpgrades
NBLXCredit SuisseMaintains31.0
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 vipaccounts@benzinga.com

UPDATE: Nomura Raises PT on CIT Group Following Solid 2Q13 Results

Benzinga's Top Initiations