Miller Energy Rockets Over 12%

Shares of Miller Energy Resources (NYSE: MILL) have surged over 12 percent following an upgrade from SunTrust analyst Neal Dingmann.

Dingmann has upgraded the stock from Neutral to Buy and raised the price target from $8 to $10.

As the basis for his upgrade, Dingmann noted that he sees Miller's production growing by approximately 180 percent this year and ~60 percent next year due to acquisitions and wells in the Cook Inlet and North Slope.