Pritchard

Pritchard is out with its report today on Concho Resources (NYSE: CXO), reiterating Buy. In a note to clients, Pritchard writes, "We are raising our NAV to $109 from $104 primarily driven by the company's increase in proved reserves to 342.6 MMBoe at mid-year 2011 from 315.6 MMBoe at YE 10 and...

Pritchard is out with its report today on Tidewater (NYSE: TDW), upgrading TDW from Neutral to Buy. In its report, Pritchard writes, "Upgrading to 'Buy' from 'Neutral' as we believe that we are currently seeing the early signs of an upturn in their core international business. We are increasing...

Pritchard is out with its report today on Key Energy Services (NYSE: KEG), raising its PT from $24 to $25. In its report, Pritchard writes, "On the heels of a positive earinging surprise for June, we are raising our target for KEG shares to $25 from $24, including the estimated impact of the...

According to Pritchard, National Oilwell Varco (NYSE: NOV) Buy rating is reiterated. Pritchard said that it believes the higher volumes of business going on the books now will flow through the income statement at higher margins – in 2012 – than itprojected previously. "NOV reported eps of $1.14,...

Pritchard is out with its report today on PDC Energy (NASDAQ: PETD), upgrading PETD from Neutral to Buy. In a note to clients, Pritchard writes, "We are transferring coverage and are raising our rating to 'Buy' from 'Neutral' based off valuation and the upcoming ops release. We are also lowering...

Pritchard is out with its report today on Concho Resources (NYSE: CXO), upgrading CXO from Neutral to Buy. In a note to clients, Pritchard writes, "CXO is a leading Permian producer that is well hedged, fiscally responsible and is great with the drillbit. The company has a strong resource base...

Pritchard is out with its report today on Harvest Natural Resources (NYSE: HNR), reiterating Buy. In a note to clients, Pritchard writes, "We are reiterating our $25 price target and ‘Buy' rating after the company reported that it found oil in a well off the coast of Gabon, West Africa. It...

Analysts at Pritchard upgrade McDermott International (NYSE: MDR) from “neutral” to “buy.” The target price for MDR has been raised from $19 to $29.   MDR shares jumped 9.38% to close at $24.49 yesterday.    <a href="http://www.benzinga....

Analysts at Pritchard upgrade Dril-Quip Inc (NYSE: DRQ) from “neutral” to “buy.” The target price for DRQ has been raised from $81 to $95. DRQ shares lost 2.94% to close at $76.70 yesterday. More Analyst Ratings here

Analysts at Pritchard downgrade EnergySolutions Inc (NYSE: ES) from “buy” to “neutral.” The target price for ES is set to $7. ES shares gained 2.10% to close at $6.82 on Friday. More Analyst Ratings here

Analysts at Pritchard downgrade Whiting Petroleum Corporation (NYSE: WLL) from “buy” to “neutral.” The target price for WLL is set to $66. WLL shares gained 2.22% to close at $65.42 on Friday. More Analyst Ratings here

Analysts at Pritchard raise their price target on FMC Technologies Inc (NYSE: FTI) from $80 to $108. Pritchard has a “buy” rating on FTI. FTI shares gained 0.20% to close at $86.64 yesterday. More Analyst Ratings here

Analysts at Pritchard upgrade Dynegy Inc (NYSE: DYN) from "neutral" to "buy." The target price for DYN has been raised from $5 to $7. DYN's shares 2.72% to close at $5.00 yesterday. More Analyst Ratings here

Pritchard Morning Intelligence Oil Services Key Energy Services, Inc (NYSE: KEG) – August Update Slightly Positive – U.S. rig hours totaled 142,118 or 6,460 per day, slightly better than estimates of 141,062 and 6,412 respectively. International rig hours were 31,461 or 1,015 per day, slightly less...

Blowout-preventer manufacturers are commonly discussed as long term beneficiaries of BP's oil spill, but Pritchard thinks that Oceanearing International (NYSE: OII) could stand to benefit. Oceaneering does inspection services and NDT (nondestructive testing) for oil rigs. It is a government...