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Pritchard Capital Upgrades Kodiak Oil & Gas to Buy, Raises PT to $8
Thursday, July 28, 2011 - 9:06am | 60Pritchard Capital upgraded its rating on Kodiak Oil & Gas (NYSE: KOG) from Neutral to Buy. At the same time, the rating agency raised its price target on the company's stock from $7 to $8. On Wednesday, KOG closed the day at $6.66. Its shares added 1.05% to their value in today's pre-market...
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UPDATE: Pritchard Lowering Price Target On FMC Technologies
Wednesday, July 27, 2011 - 8:53am | 210Pritchard Capital is out with a research report on FMC Technologies, Inc. (NYSE: FTI) and is lowering its price target to $56, but it has a Buy rating on shares. In a note to clients, Pritchard Capital writes, "with a margin ramp in the second half of 2011 that is now more daunting. FTI reiterated...
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UPDATE: Pritchard Raising Price Target On Weatherford
Wednesday, July 27, 2011 - 8:51am | 255Pritchard Capital is out with a research report on Weatherford International Ltd. (NYSE: WFT) and is raising its price target to $29 from $20, and it has a Buy rating on shares. In a note to clients, Pritchard Capital writes, "With a rebound in international markets seemingly coming into focus, we...
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Pritchard Capital Provides Color on Baker Hughes
Monday, July 25, 2011 - 6:22am | 129Pritchard Capital provided color on Baker Hughes (NYSE: BHI). In a research report published today, Pritchard Capital states, ”The U.S. rig count surged by 11 this week to 1,916 according to the Baker Hughes, Inc. (BHI-$79.50) data, while Smith Bits rig count reported an increase of four rigs....
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Pritchard Capital Reiterates Buy on Newfield Exploration, Raises PT to $93
Friday, July 22, 2011 - 9:06am | 43Pritchard Capital reiterated its Buy rating on Newfield Exploration (NYSE: NFX). At the same time, the rating agency raised its price target on the company's stock from $87 to $93. On Thursday, NFX closed the day at $72.58.
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Pritchard Capital Discusses Basic Energy Services
Friday, July 22, 2011 - 8:15am | 273Pritchard Capital is out with a research report on Basic Energy Services, Inc (NYSE: BAS) after it reported earnings. It has a Buy rating and a $45 price target on shares. In a note to clients, Pritchard Capital writes, "Our focus on BAS's 2Q results is on the operating divisions. Well Servicing...
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UPDATE: Pritchard Raising Price Target On Newfield Exploration
Friday, July 22, 2011 - 8:13am | 93Pritchard Capital is out with a research report on Newfield Exploration Co. (NYSE: NFX) and is raising its price target to $93 from $87, and it has a Buy rating on shares. In a note to clients, Pritchard Capital writes, "Raising NAV to $110 from $102 and increasing price target to $93 from $87,...
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Pritchard Capital Reiterates Buy On Mitcham Industries
Tuesday, July 19, 2011 - 8:16am | 180Pritchard Capital is out with a research report on Mitcham Industries, Inc. (NASDAQ: MIND) and is reiterating its Buy rating and $24 price target on shares. In a note to clients, Pritchard writes, "Following the equity raise that MIND did in June, we are adjusting our EPS estimates. Taking into...
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UPDATE: Pritchard Raising Price Target On Range Resources
Tuesday, July 19, 2011 - 8:14am | 95Pritchard Capital is out with a research report on Range Resources Corp. (NYSE: RRC) and is raising its price target to $70 from $65. It has a Buy rating on shares. In the note, Pritchard Capital writes, " Due to higher expected Marcellus EURs (5.7 Bcfe vs. 5 Bcfe previously) in southwest PA....
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UPDATE: Pritchard Capital Raising Price Target On Halliburton Company
Tuesday, July 19, 2011 - 8:09am | 62Pritchard Capital is out with a research report on Halliburton Company (NYSE: HAL) and is raising its price target to $75 on better than expected earnings. In a note to clients, Pritchard Capital writes, "New eps estimates $3.35/$4.58 for 2011/2012 up from $3.16/$4.24. U.S. land market remains...
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Pritchard Capital Raises RRC PT To $70
Tuesday, July 19, 2011 - 7:51am | 77Pritchard Capital has issued a report raising the Price Target on Range Resources (NYSE: RRC) from $65 to $70. According to the report, "Higher expected Marcellus EURs (5.7 Bcfe vs. 5 Bcfe previously) in southwest PA are driving price target increase. Not included in our price target are the mid-...
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Pritchard Capital Raises HAL PT To $75
Tuesday, July 19, 2011 - 7:46am | 102Pritchard Capital has issued a report raising the Price Target on Halliburton Company (NYSE: HAL) from $61 to $75 a share. In the report Pritchard Capital writes, "The U.S. land market remains extremely robust based on rig activity thus far in the September quarter; a flat rig count through the...
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Pritchard Capital Reiterates Buy on Consol Energy, Raises PT to $65
Monday, July 18, 2011 - 9:08am | 56Pritchard Capital reiterated its Buy rating on Consol Energy (NYSE: CNX). At the same time, the rating agency raised its price target on the company's stock from $60 to $65. On Friday, CNX closed the day at $52.34. Its shares added 0.88% to their value in today's pre-market trading to stand around...
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Pritchard Capital Provides Color on Oil Services
Monday, July 18, 2011 - 9:02am | 232Pritchard Capital provided color on the oil services sector. In a research report published today, the rating agency named its top picks. In the report, Pritchard Capital states, “The Oil Service Index (OSX-$270.21) retreated .91% last week to outperform the S&P 500 ($1,316.14) by 115 basis...
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UPDATE: Pritchard Capital Raising Price Target On CONSOL Energy
Monday, July 18, 2011 - 8:30am | 189Pritchard Capital is out with a research report on CONSOL Energy Inc. (NYSE: CNX) and is raising its price target to $65 from $60. In a note to clients, Pritchard Capital writes, "We believe that CNX is largely receiving credit for both its coal segment and its 2010 proven gas reserves, valued at...