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Analyst: California Resources' $750M Joint Venture, Equity Deal Could Create 'Significant Future Value'
Monday, February 12, 2018 - 6:04pmRead 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 - 4:30pmRead 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 - 3:03pmRead 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 - 2:00pmRead 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 - 11:05amRead 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 - 9:49amRead 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 - 10:45amRead 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 - 11:07amRead 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 - 12:41pmRead 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 - 9:45amRead 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...
