Global Hunter

Global Hunter is out with its report today on ArQule (NASDAQ: ARQL), initiating ARQL at Accumulate. In a note to clients, Global Hunter writes, "We are initiating coverage of ARQL with an Accumulate rating and $11 price target. ARQL is focused on the development of small molecule drugs for cancer...

Global Hunter is out with its report today on Biodel (NASDAQ: BIOD), initiating BIOD at Accumulate. In a note to clients, Global Hunter writes, "We believe Biodel's key value-driver, an ultra-rapid formulation of insulin, could generate important data in 3Q11. While early, data from this study...

Global Hunter is out with its report today on Trius Therapeutics (NASDAQ: TSRX), initiating TSRX at Buy. In a note to clients, Global Hunter writes, "TSRX is an emerging, under-covered name in the antibiotics space. We believe the company's lead program, torezolid phosphate, represents a...

Global Hunter is out with its report today on Diamond Offshore Drilling (NYSE: DO), lowering its PT from $72 to $71. In a note to clients, Global Hunter writes, "We apply a 6.2x multiple to our 2012 EBITDA of $1.67 billion for our price target of $71, which is down slightly from our prior target...

Global Hunter is out with its report today on Ensco (NYSE: ESV), raising its PT from $61 to $62. In a note to clients, Global Hunter writes, "At 7.0x our 2012 EBITDA of $2.5 billion, we arrive at a $62 price target, which is up from our prior target of $61. The stock has solid upside to our $62...

Global Hunter is out with its report today on Brigham Exploration (NASDAQ: BEXP), maintaining Accumulate. In a note to clients, Global Hunter writes, "Brigham is accelerating activity in the Bakken again. Just months after announcing it would take its operated rig count from eight to 12 between...

Global Hunter is out with its report today on Yuhe International (NASDAQ: YUII), reiterating Buy. In a note to clients, Global Hunter writes, "We are slightly raising our 2011 estimates as a result of continued strong day-old broiler prices; now expecting the company to report $128MM in revenues...

Global Hunter is out with its report today on ZOOM Technologies (NASDAQ: ZOOM), reiterating Buy. In a note to clients, Global Hunter writes, "Yesterday, ZOOM Technologies Inc. reported Q1 results that exceeded its guidance. Gross margin continued to be strong thanks to the greater contribution...

Rowan Companies Inc. (NYSE: RDC) announced an agreement to sell LeTourneau manufacturing (LTI) to Joy Global (NASDAQ: JOYG) for $1.1 billion with expected deal closure possible in 2Q, Global Hunter reports. “The price seems reasonable for both sides, with RDC now having $875MM in after-tax...

Global Hunter is out with its report today on Crimson Exploration (NASDAQ: CXPO), raising its PT from $6.20 to $6.52. In a note to clients, Global Hunter writes, "Crimson Exploration reported strong 1Q11 results on impressive production growth that exceeded the high end of company guidance and our...

Global Hunter Securities initiated a coverage of the oil service sector. In a research report published today, Global Hunter expressed a very positive outlook on the sector. In the report, Global Hunter states, "We are initiating coverage of the oil service sector with a long-term bullish view of...

Global Hunter is out with its report today on China Advanced Construction Materials Group (NASDAQ: CADC), maintaining Buy. In a note to clients, Global Hunter writes, "China Advance Construction Materials Group reported its F3Q results last Friday, which were in line with the preannouncement a...

Global Hunter is out with its report today on Shengkai Innovations (NASDAQ: VALV), reiterating Buy. In a note to clients, Global Hunter writes, "Shengkai Innovations reported its F3Q last Friday. Both revenue and EPS beat our estimates, driven by strong growth across the board. Gross margin was in...

Global Hunter is out with its report today on QKL Stores (NASDAQ: QKLS), reiterating Buy. In a note to clients, Global Hunter writes, "We expect QKL Stores, Inc. to report Q1 results within the next week. We visited the company's new Harbin distribution center, four QKL stores, and two competing...

Global Hunter is out with its report today on Ultra Petroleum (NYSE: UPL), maintaining Accumulate. In a note to clients, Global Hunter writes, "Ultra Petroleum reported 1Q11 results that were in line with our estimates and expectations. We are adjusting our model to reflect slightly less Marcellus...