Global Hunter Securities

Global Hunter Securities raised its rating on Hess (NYSE: HES) from Neutral to Buy and increased its price target from $53 to $65. Global Hunter Securities noted, "We are upgrading our rating on HES to Buy (from Neutral) and increasing our price target to $65 (from $53), representing 71% of our...

Global Hunter Securities reduced its rating on EPL Oil & Gas (NYSE: EPL) from Buy to Accumulate and reduced its price target from $27 to $25. Global Hunter Securities said, "EPL reported Q3:12 results that were ahead of expectations: 10.83 Mboepd, $0.31 in EPS, $1.20 in CFPS and $50.4MM in...

Global Hunter Securities lowered its rating on Swift Energy (NYSE: SFY) from Buy to Accumulate and reduced its price target from $34 to $28. Global Hunter Securities noted, "SFY's Q3 financial performance of $0.07 in EPS and $1.66 in CFPS was better than expected ($0.01/$1.58), driven by higher...

Global Hunter Securities raised its rating on Legacy Reserves (NASDAQ: LGCY) from Accumulate to Buy. Global Hunter Securities noted, "We are upgrading our rating on LGCY to Buy from Accumulate and keeping our $31 price target unchanged after the MLP reported its Q3:12 results and the units traded...

Global Hunter Securities initiated coverage on SM Energy (NYSE: SM) with a Buy rating and a $70 price target. Global Hunter Securities said, "We like SM Energy (SM) for three principal reasons. First, its 283,000 net acres in the US's two premier oil/liquids-rich shale plays (Eagle Ford and...

Global Hunter Securities reduced its rating on Gold Resource (NYSE: GORO) from Accumulate to Neutral and lowered its price target from $22 to $17.50. Global Hunter Securities noted, "GORO reported Q3:12 production of 22,300 ounces of gold equivalent. In addition, GORO lowered, for the second time...

Global Hunter Securities reduced its rating on Halliburton (NYSE: HAL) from Buy to Neutral and reduced its price target from $40 to $38. Global Hunter Securities commented, "We expect the stock to trade sideways through year-end in the $34 to $38 range. Our US activity forecast for 2013 is below...

Global Hunter Securities initiated coverage on Natural Resource Partners (NYSE: NRP) with an Accumulate rating and a $24 price target. Global Hunter Securities said, "We believe NRP will be able to continue to grow its asset base and royalty payments over the next three to five years. However, we...

Global Hunter Securities reduced its rating on Energy XXI (NASDAQ: EXXI) from Buy to Neutral and lowered its price target from $47 to $40. Global Hunter Securities commented, "Given that sequential growth never topped +5% in FY12 and the fact that EXXI's development program in 2013 banks on...

Global Hunter Securities reduced its rating on Nabors Industries (NYSE: NBR) from Accumulate to Neutral and lowered the price target from $17 to $16. Global Hunter Securities noted, "We are lowering our rating to Neutral from Accumulate and price target to $16 from $17 to reflect lower estimates...

Global Hunter Securities reduced its rating on Lufkin Industries (NASDAQ: LUFK) from Buy to Accumulate but increased its price target from $60 to $62. Global Hunter Securities noted, "While operations and financial controls are improving, a few red flags came up regarding consensus numbers for...

Global Hunter Securities raised its rating on Gulfport Energy (NASDAQ: GPOR) from Accumulate to Buy and increased its price target from $30 to $43. Global Hunter Securities commented, "Playing catch-up always proves tough to do, but sometimes one just has to quit waiting for a pull-back, step to...

Global Hunter Securities reduced its rating on Dril-Quip (NYSE: DRQ) from Accumulate to Neutral with a price target that was maintained at $79 a share. Global Hunter Securities noted, "We are reducing our rating to Neutral from Accumulate as the stock is within 5% of our $79 price target, which...

Global Hunter Securities Atwood Oceanics (NYSE: ATW) from Buy to Accumulate with a reiterated $54 price target. Global Hunter Securities said, "We are lowering our rating to Accumulate from Buy due to the lack of upside to our $54 price target (~10%) and our belief that the pending catalysts for...

In a report published Friday, Global Hunter Securities initiated coverage on CONSOL Energy (NYSE: CNX) with a Neutral rating and $35.00 price target. Global Hunter noted, “CONSOL Energy (CNX) is a Pittsburgh-based coal and natural gas producer. The company's corporate strategy is to move into...