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Analyst: California Resources' $750M Joint Venture, Equity Deal Could Create 'Significant Future Value'
Monday, February 12, 2018 - 5:04pm | 334Read More...California Resources Corp (NYSE: CRC) recently announced a $750 million midstream joint venture with Development Capital Resources, owned by the private equity group Ares Management, as well as a $50 million equity investment. The Analyst Imperial Capital analyst Jason Wangler upgraded...
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Imperial Capital Sees Bill Barrett Driving 'Considerable' EBITDA Growth
Monday, February 5, 2018 - 3:30pm | 355Read More...Bill Barrett Corporation (NYSE: BBG), an independent energy company that develops, acquires and explores for oil and natural gas resources in the DJ Basin of Colorado, could see its stock move higher by 75 percent, according to analysts at Imperial Capital. The Analyst Imperial Capital's...
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A Batch Of Bullish Calls Just Initiated On Oil And Gas Stocks
Tuesday, August 15, 2017 - 2:03pm | 531Read More...The eight-year bull market rally has continued in 2017, but somebody forgot to tell the oil and gas industry. The Energy Select Sector SPDR (ETF) (NYSE: XLE) is down 15.8 percent in 2017, but at least one Wall Street firm believes now is finally the time to buy a handful of exploration and...
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4 Energy Stocks Initiated At Outperform, But Which One Is Best?
Tuesday, July 18, 2017 - 1:00pm | 588Read More...Oil has certainly had a tough year, with prices falling well below $50 per barrel and concern from the Street of drops even further. But not all companies are made equal, and some energy companies have bright futures ahead, according to Imperial Capital analysts. Imperial Capital’s Irene Haas...
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Chesapeake Has A 'Reshaped Growth Profile'
Friday, February 24, 2017 - 10:05am | 470Read More...Wunderlich’s Jason Wangler believes that Chesapeake Energy Corporation (NYSE: CHK) “is close to growing production again while well results and asset sales could provide value-added catalysts.” The analyst maintains a Buy rating on the company, with a price target of $10. Solid Q4...
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Strategy For Cash Raised Unclear, Bill Barrett Downgraded
Thursday, December 15, 2016 - 8:49am | 283Read More...Wunderlich Securities has downgraded Bill Barrett Corporation (NYSE: BBG) to Hold from Buy, saying that no clear path mentioned for the use of recent funds raised, while the stock too has appreciated of late. Equity Surprises The brokerage is surprised with the equity issue, which adds $109.7...
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Wunderlich Weighs In On Whiting Conversion
Monday, December 12, 2016 - 9:45am | 275Read More...Jason Wangler of Wunderlich maintained a Hold rating on shares of Whiting Petroleum Corp (NYSE: WLL), but boosted his price target to $13 from $9 after the company announced a conversion of $721 million of mandatory convertible notes into Whiting's stock. Wangler noted that on Friday, the...
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Compelling Value Seen In Shares Of Halcon Resources
Tuesday, November 15, 2016 - 10:07am | 276Read More...Wunderlich Securities has upgraded Halcon Resources Corporation (NYSE: HK) to Buy from Hold, saying the recent weakness offers a good entry point given the company's solid assets, potential successes of an M&A strategy and a compelling valuation. Upgrade Justification The upgrade comes...
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Viper Energy In A Good Position To Benefit From Higher Oil Prices
Friday, October 14, 2016 - 11:41am | 294Read More...Viper Energy Partners LP (NASDAQ: VNOM) is poised to benefit from higher oil prices as it would boost its margins, according to a note from Wunderlich which maintained its Buy rating and $20 price target. Viper Energy reported solid third quarter production and more growth expected through 2017...
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Potential Catalysts Could Drive Chesapeake Energy Shares Higher; Wunderlich Upgrades
Friday, September 9, 2016 - 8:45am | 457Read More...Citing an improved financial position and maintained strong operations, Wunderlich has upgraded Chesapeake Energy Corporation (NYSE: CHK) to Buy from Hold and raised its target by $4 to $10. "We believe as the company continues this process, it can exhibit production growth, higher cash flows and...
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Wunderlich Raises Diamondback Energy Price Target, Cheers Delaware Deal
Thursday, July 14, 2016 - 2:22pm | 254Read More...Wunderlich raised its price target on shares of Diamondback Energy Inc (NASDAQ: FANG) to $110 from $100 following the Delaware deal. "While the near-term figures for FANG decline due to the dilution from the equity raise, we expect the Delaware deal to be accretive overall and allow the...
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Wunderlich Sees Better Days For Northern Oil & Gas: 'Good Liquidity, Solid Hedges Keep Financials Ready'
Friday, May 20, 2016 - 2:45pm | 357Read More...Wunderlich Securities has raised the price target of Northern Oil & Gas, Inc. (NYSE: NOG) to $5 from $4, saying that "good liquidity and solid hedges keep the financials ready for better days." Analyst Jason Wangler noted that the company navigated the downturn by cutting costs,...
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Internal Support Leads To Upgrade On Basic Energy Services
Monday, August 31, 2015 - 10:02am | 287Read More...Basic Energy Services, Inc (NYSE: BAS) shares have been on a downtrend for the past six months, losing more than 40 percent since March 3. Wunderlich analyst Jason A Wangler upgraded the rating for the company from Sell to Hold, while maintaining a price target of $4. Basic Energy...
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Chesapeake Weakness An 'Opportunity' For Bulls, Wunderlich Says
Thursday, July 2, 2015 - 12:15pm | 318Read More...Following new reports that Chesapeake Energy Corp (NYSE: CHK) subsidiaries are in the process of selling $840 million of Anadarko Basin assets, Wunderlich analyst Jason Wangler took a look at Chesapeake’s continuing efforts to simplify and improve its balance sheet. Wangler believes that...
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Gulfport Energy Remains A 'Best Idea' For Wunderlich
Friday, February 27, 2015 - 10:07am | 272Read More...In a report published Friday, Wunderlich Securities analyst Jason Wangler reaffirmed Gulfport Energy Corporation (NASDAQ: GPOR) as a "Best Idea" as a strong 2014 "sets up big things for 2015." Wangler wrote that Gulfport Energy's fourth-quarter results were "...
