Dahlman Rose

Dahlman Rose maintained Key Energy Services, Inc. (NYSE: KEG) with a Hold and raised the price target from $8.00 to $10.00. Dahlman Rose said, "Cautious spending by operators in recent months has tempered demand for services throughout the US land market. With WTI oil prices closing in on $100 per...

Dahlman Rose maintained Oceaneering International (NYSE: OII) with a Buy rating and raised the price target from $62.00 to $71.00. Dahlman Rose commented, "Following earnings that modestly exceeded our forecast, we are reiterating our 2013 EPS forecast of $3.30 per share (compared with company...

Dahlman Rose downgraded Intrepid Potash (NYSE: IPI) from Hold to Sell and announced a $16.00 price target. Dahlman Rose commented, "Following 4Q12 results, we see a weaker 2013 outlook for the potash market. Cap-ex is late to the expansion party and free cash flow is suffering as others payout...

In a report published Monday, Dahlman Rose downgraded its rating on Newpark Resources (NYSE: NR) from Buy to Hold. Dahlman Rose noted, “We are downgrading Newpark Resources to Hold from Buy. NR has appreciated 21% since our North American Upgrade report published November 19, 2012, and the stock...

In a report published Monday, Dahlman Rose downgraded its rating on Lufkin Industries (NASDAQ: LUFK) from Buy to Hold. Dahlman Rose noted, “We are downgrading Lufkin to Hold from Buy. LUFK has appreciated 17% since our North American Upgrade report published November 19, 2012, and the stock is...

Dahlman Rose downgraded Tenaris (NYSE: TS) from Buy to Hold. Dahlman Rose commented, "We are downgrading Tenaris to Hold from Buy. TS is trading within 12% of our fair value estimate of $45 per share. We do not see material upside to growth or margins due to the decline in North American OCTG...

In a report published Monday, Dahlman Rose downgraded its rating on Ensco International (NYSE: ESV) from Buy to Hold. Dahlman Rose noted, “We are downgrading Ensco to Hold from Buy. Our fair value estimate of $66 per share is based on an EV/EBITDA multiple of 6.5x on our estimated 2014 EBITDA...

In a report published Monday, Dahlman Rose downgraded its rating on Baker Hughes (NYSE: BHI) from Buy to Hold. Dahlman Rose noted, “We are downgrading Baker Hughes to Hold from Buy. BHI has the most North American exposure of any of the major oil service companies and with the recent strength, the...

In a report published Monday, Dahlman Rose downgraded its rating on Basic Energy Services (NYSE: BAS) from Buy to Hold. Dahlman Rose noted, “We are downgrading Basic Energy Services to Hold from Buy. BAS has appreciated 52% since our North American Upgrade report published November 19, 2012, and...

In a report published Friday, Dahlman Rose reiterated its Buy rating on FedEx Corporation (NYSE: FDX), and raised its price target from $98.00 to $117.00. Dahlman Rose noted, “We are raising our price target to $117, from $98 and reiterating our Buy rating after discussions with management. We...

In a report published Monday, Dahlman Rose reiterated its Buy rating on Chevron Corporation (NYSE: CVX), and raised its price target from $120.00 to $129.00. Dahlman Rose noted, “CVX 4Q12 EPS was slightly below expectations. While progress is being made in major capital projects and the company...

Dahlman Rose upgraded Norfolk Southern Corporation (NYSE: NSC) from Hold to Buy and announced a $82.00 price target. Dahlman Rose commented, "Our opinion is based on strengthening spot met coal pricing, Crescent Corridor intermodal growth opportunities, solid 4Q12 results, better-than-expected QTD...

Dahlman Rose maintained Valero Energy Corporation (NYSE: VLO) with a Buy and raised the price target from $42.00 to $55.00. Dahlman Rose commented, "Yesterday's nearly 13% gain in VLO shares is driven by sustainability in the themes that drove the 4Q beat, as opposed to merely the beat itself....

In a report published Monday, Dahlman Rose reiterated its Buy rating on Halliburton Company (NYSE: HAL), and raised its price target from $47.00 to $50.00. Dahlman Rose noted, “Halliburton stock has had for several months one of the largest upsides of any of the 50 stocks in our oil service and...

Dahlman Rose initiated coverage on PBF Energy (NYSE: PBF) with a Buy rating and a $40.00 price target. Dahlman Rose said, "Against a near-term backdrop of demand concerns and product weakness, PBF is positioned both as a levered play on mid-con differentials and as a value story around crude...