Stephen Berman

Canaccord initiated coverage of Gulfport Energy Corporation (NASDAQ: GPOR) with a Buy rating and $48.00 price target on Wednesday. Shares of Gulfport were down roughly 2.5 percent on Wednesday. Analyst Stephen Berman argued that it is “the most levered company to the core of the...

The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." RBC: Slashing LinnCo Price Target Last week, John Ragozzino of RBC Capital Markets downgraded shares of LinnCo LLC (NASDAQ: LNCO) to Sector Perform...

Canaccord Genuity on Friday issued a report downgrading Whiting Petroleum Corp (NYSE: WLL) from Buy to Hold based on the dilution from recent equity offerings. Canaccord also lowered its price target for Whiting Petroleum from $35 to $34. Analyst Stephen Berman and Sam Burwell wrote, "The dilutive...

In a report published Thursday, Canaccord Genuity analyst Stephen Berman reiterated a Buy rating and $2.00 price target on Emerald Oil Inc. (NYSE: EOX). In the report, Canacord Genuity noted, "EOX has ~122K net acres (80% operated) in the Williston Basin (WB), a very meaningful position for a...

In a research note released Tuesday, Canaccord analyst Stephen Berman upgraded Goodrich Petroleum (NYSE: GDP) to Buy and issued a price target of $33. The firm stated that it likes Goodrich Petroleum for its leverage-rich plays, particularly the emerging Tuscaloosa Marine Shale (TMS). Goodrich...

In a report published Wednesday, Canaccord Genuity analyst Stephen Berman downgraded the rating on Halcon Resources. (NYSE: HK) from Buy to Hold, and lowered the price target from $7.00 to $6.00. In the report, Canaccord Genuity noted, “HK has built positions in some of the leading liquids-rich...

In a report published Thursday, Canaccord Genuity analyst Stephen Berman downgraded Oasis Petroleum (NYSE: OAS) from Buy to Hold, but reiterated the $45.00 price target. In the report, Canaccord Genuity noted, “With ~335K net Bakken/Three Forks (TF) acres, of which ~305K are considered core,...

In a report published Wednesday, Canaccord Genuity analyst Stephen Berman downgraded Endeavour International (NYSE: END) from Buy to Hold, but reiterated the $5.00 price target. In the report, Canaccord Genuity noted, “END's production growth, driven by its North Sea operations, is set to...

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...

Pritchard Capital Partners analyst Stephen Berman initiated coverage of Kodiak Oil & Gas Corp. (AMEX: KOG) with a Buy rating and price target of $5 per share. Among the Bakken Shale players, Kodiak Oil & Gas Corp. has one of the highest production growth rate forecasts. The analyst said...

Pritchard Capital Partners analyst Stephen Berman initiated coverage of American Oil & Gas Inc. (AMEX: AEZ) with a Buy rating and a price target of $8.50 per share. The stock was trading on Tuesday morning at $7.55 per share. Berman said that American Oil & Gas Inc. is a pure play on the...