Pritchard Capital Partners

Listed below are today's Top Upgrades covered by Benzinga: Sterne Agee Upgrades Zynga (NASDAQ: ZNGA) to Neutral: Sterne Agee said in the report, "We are upgrading ZNGA shares based on valuation. However, our fundamental concerns are unchanged and revolve around: 1) a slowing social gaming market...

Pritchard Capital Partners raises its rating on Endeavour International Corporation (NYSE: END) from Neutral to Buy and raises its price target from $13 to $21. Pritchard Capital Partners comments, "END yesterday announced the closing of the acquisition of an additional 23.43% WI in the Alba...

Listed below are today's Top Initiations at Benzinga: Global Hunter Securities Initiates Arch Coal (NYSE: ACI) at Neutral: Global Hunter Securities said, "We are initiating coverage on ACI with a Neutral rating. We project that ACI will lose money the next 3-6 quarters. Based on its average EV/...

According to a research report this morning, Pritchard Capital Partners initiates a Neutral rating and $98 PT on the oil and natural gas production company, Anadarko Petroleum (NYSE: APC). Pritchard Capital Partners stated, “APC continues to excel at exploration as in the giant Golfinho gas find...

According to a research report this morning, Capital Partners decreases its PT on Tidewater (NYSE: TDW) from $68 to $65 as a big upside over FY2012 is expected. Pritchard Capital Partners stated, “To factor in TDW's Q1 guidance and some additional wage cost inflation, we are bringing our 2013 EPS...

Pritchard Capital Partners reduces its price target from $8 to $7 on Magnum Hunter Resources (NYSE: MHR) following a recent capital raise. Pritchard Capital Partners says, "Following the recent capital market raises, we are lowering our 2012 EPS/CFPS to ($0.11)/$0.74 from $0.06/$1.15, driven by...

Pritchard Capital Partners reiterates its Neutral rating on Chesapeake Energy Corporation (NYSE: CHK) and lowers its price target from $25 to $20. Pritchard Capital Partners says, "Given the continuing uncertainties, complexity and headline risk of the CHK story, we are maintaining our ‘Neutral'...

Pritchard Capital Partners lowers its price target from $14 to $10 on ATP Oil & Gas Corporation (NASDAQ: ATPG) as it reiterates Buy on shares. Action was mainly driven by the company's Q1 miss. Pritchard Capital Partners comments, "We are lowering our 2012 CPFS to $5.10 from $7.65, driven...

Pritchard Capital Partners cuts its price target from $39 to $32 on Buy-rated Swift Energy Company (NYSE: SFY) on tempering liquids pricing expectations. Pritchard Capital Partners notes, "We have lowered our expectations on the company's oil and NGL price realizations, and we are lowering our...

Pritchard Capital Partners raises its price target from $13 to $15 on Buy-rated Rex Energy (NASDAQ: REXX) following Keystone Midstream sale that yielded proceeds above expectations. Pritchard Capital Partners comments, "REXX announced that it and its two partners, Sumitomo Corp (SSUMY, $13.81-NR...

According to a research report, Pritchard Capital Partners initiates a Buy rating and PT of $83 PT on the underappreciated oil drilling company, Devon Energy (NYSE: DVN). Pritchard Capital Partners explained, “Although a consistently successful operator in many basins, a large percentage of DVN...

Pritchard Capital Partners reduces its price target from $22 to $21 on Buy-rated Tesco Corporation (NASDAQ: TESO) on expectations that sales will drop for Q2. Pritchard Capital Partners comments, "We foresee TD sales dropping sequentially to $37mm from $50mm in Q1, with units dipping to 27 from...

Pritchard Capital Partners reiterates its Neutral rating on National Fuel (NYSE: NFG) on current gas prices and raises its price target from $48 to $50 in a valuation increase due to the company's midstream business. Pritchard Capital Partners says, "We are maintaining our 'Neutral' rating since...

Pritchard Capital Partners reduces its price target from $4 to $3.50 on Neutral-rated Warren Resources (NASDAQ: WRES) on concerns of latest well results. Pritchard Capital Partners notes, "Our price target is just over a 10% discount to NAV over our concerns about the company's latest Tar and...

Pritchard Capital Partners reiterates its Buy rating on Rex Energy Corporation (NASDAQ: REXX) and raises its price target from $12 to $13. Pritchard Capital Partners comments, "Raising target to $13 from $12 due to number of upcoming catalysts. Price target has an implied 2013 EBITDA multiple of...