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Imperial Capital Downgrades Cimarex Energy, Points To Near-Term Weakness In Natural Gas Prices
Tuesday, July 16, 2019 - 11:34am | 343Cimarex Energy Co (NYSE: XEC) is facing headwinds from weakness in U.S. natural gas and natural gas liquid prices, according to Imperial Capital. The Analyst Irene Haas downgraded Cimarex Energy from Outperform to In-Line and lowered the price target from $82 to $58. The Thesis For the year...
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Imperial Capital: Noble Energy On Track For Sustainable FCF Generation In 2020
Wednesday, February 20, 2019 - 11:23am | 308Noble Energy, Inc. (NYSE: NBL) is at an inflection point, with goals of lowering spending and increasing production in 2019, according to Imperial Capital. The Analyst Imperial Capital’s Irene Haas maintains an Outperform rating on Noble Energy with a $39 price target. The Thesis...
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Imperial Capital Moves To Sidelines On Alta Mesa After Tough Q2
Wednesday, August 15, 2018 - 10:06am | 377Exploration and production company Alta Mesa Resources Inc (NASDAQ: AMR) reported Tuesday with disappointing second-quarter results that sent shares sharply lower. The Analyst Imperial Capital analyst Irene Haas downgraded Alta Mesa from Outperform to In-Line and lowered the price target...
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Imperial Capital: Energen Is 'Doing All The Right Things,' And Its Valuation Shows It
Wednesday, August 8, 2018 - 10:12am | 391Energen Corporation (NYSE: EGN), an oil exploration and production company that focuses on the Permian Basin, reported Tuesday morning with second-quarter results that came in better than expected, but prompted Imperial Capital to downgrade the stock. The Analyst Imperial Capital's Irene...
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Imperial Capital: Bonanza Creek Energy Making All The Right Moves After Chapter 11
Thursday, April 26, 2018 - 10:12am | 438Crude oil prices continue to remain bullish, brightening the prospects of oil and related companies. Bonanza Creek Energy Inc (NYSE: BCEI), an oil and natural gas exploration and production company that emerged from Chapter 11 in April 2017, could also benefit from an improved cost structure,...
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Imperial Capital: Alta Mesa Resources Will 'Grow Into A Much More Attractive Valuation'
Monday, March 5, 2018 - 4:55pm | 391Alta Mesa Holdings LP (NASDAQ: AMR) began trading Feb. 9 as part of a combination of Silver Run Acquisition Corporation II, Alta Mesa Holdings LP and Kingfisher Midstream LLC. The combined oil and natural gas entity was renamed Alta Mesa Resources and boasts upstream assets of around 130,000 net...
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Jagged Peak Energy Has 'Cracked The Code' To Drilling In The Delaware Basin
Thursday, October 12, 2017 - 9:42am | 329Imperial Capital initiated coverage of Jagged Peak Energy Inc (NYSE: JAG), pointing out that the company is a first mover in the Delaware Basin. The firm initiated coverage with an Outperform rating and a one-year price target of $18, suggesting 29 percent upside. Analyst Irene Haas noted that the...
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Imperial Initiates Coverage Of Oil & Oilfield Services Companies
Friday, August 18, 2017 - 10:51am | 786With energy prices range bound and constrained by the $50-a-barrel upper resistance, oil and oil services companies aren't having the best of the times. That said, these companies are striving to circumvent the hit to the top line from falling oil prices by skimping on costs. Against this...
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4 Energy Stocks Initiated At Outperform, But Which One Is Best?
Tuesday, July 18, 2017 - 2:00pm | 588Oil 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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If Natural Gas Prices Rise, Expect Wildhorse Resource Development Shares To Gallop Higher
Wednesday, January 18, 2017 - 3:38pm | 252Wunderlich has started coverage of Wildhorse Resource Development Corp (NYSE: WRD) with a Buy rating and $26 price target, saying the company is a potential beneficiary when there is an uptick in natural gas prices. “The company has a very balanced oil-gas mix and could really benefit if U.S...
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Wunderlich On Parsley Energy: 'Right Time, Right Place, Right Moves'
Friday, June 17, 2016 - 10:15am | 301Wunderlich analysts Irene Haas and Vedran Vuk have initiated coverage on Parsley Energy Inc (NYSE: PE) with a Buy rating pointing out that it's the right time and right place to move. The analysts have also kept a price target of $32 on the stock. The brokerage highlighted four key points...
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Wunderlich Raises Price Target On Bonanza Creek Energy
Tuesday, January 20, 2015 - 9:38am | 168Irene Haas of Wunderlich Securities on Tuesday maintained a Buy rating on Bonanza Creek Energy Inc (NYSE: BCEI) and raised its price target to $38 from a $34 following the company's operational update for 2014 and capital expenditure guidance for 2015. Haas notes that the company's...
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Wunderlich Downgrades Oil Players, Sees 500 Rigs Idling Soon
Tuesday, December 16, 2014 - 10:06am | 420Wunderlich analysts Irene Haas and Jason Wangler downgraded and cut price targets on numerous oil companies Tuesday amid a bearish outlook. “While the impact of WTI oil moving from basically $100/bbl to $60/bbl in just a few months hasn't been felt just yet, rest assured the pain is...