Union Drilling

According to Global Hunter Securities, Union Drilling (NASDAQ: UDRL) price target is lowered. Global Hunter said that UDRL's Q1 miss exceeded our expectations and the Street's. “This, along with an insipid conference call and a repugnant energy tape led the stock chart to resemble the trajectory...

Global Hunter Securities has upgraded the following companies: Patterson-UTI Energy (NASDAQ: PTEN) from Accumulate to Buy, PT to $45 from $30 Union Drilling (NASDAQ: UDRL) from Accumulate to Buy, PT to $16.50 from $11.50

Global Hunter is out with its report today on Union Drilling (NASDAQ: UDRL), raising its PT to $11.50. In a note to clients, Global Hunter writes, "Applying the same 4x multiple to our 2012 EBITDA estimate we derive an $11.50 price target, up from $7.50. With >18% upside to our target, which we...