Joseph Allman

Chesapeake Energy Corporation’s (NYSE: CHK) debt and transportation commitments have resulted in a hole that “appears too deep to dig out of,” FBR’s Joseph Allman said in a report. He initiated coverage of the company with an Underperform rating and a price target of $5...

In a report published Friday, JP Morgan analyst Joseph Allman reiterated an Overweight rating and $45.00 price target on Whiting Petroleum Corp. (NYSE: WLL). In the report, JP Morgan noted, "Whiting issued equity, convertible notes and senior notes, totaling $2.75 Bn. These offerings dramatically...

In a note released early June 12, JP Morgan analyst Joseph Allman wrote that Anadarko Petroleum (NYSE: APC) would likely require a per share price over $140. He based this sentiment on comments from the company's investor conference held in March. Allman believes it is more likely...

On Thursday, shares of Anadarko Petroleum (NYSE: APC) spiked following the company's announcement that it has entered an agreement with the Litigation Trust in the Tronox Adversary Proceedings to resolve all claims against Kerr-McGee. Settlement in the Tronox Adversary Proceedings The settlement...

J.P. Morgan analyst Joseph Allman upgraded Anadarko Petroleum (NYSE: APC) from Underweight to Overweight and raised the price target from $84.00 to $129.00. The analyst is optimistic on Anadarko's announcement of a settlement in the Tronox Adversary Proceeding. Allman commented, “We view this...

In a report published Tuesday, J.P. Morgan analyst Joseph Allman reiterated an Overweight rating on Pioneer Natural Resources (NYSE: PXD). In the report, J.P. Morgan noted, “After market close on Monday, Pioneer reported 3Q13 earnings and provided an operations update. Preliminary recurring EPS/...

In a report published Monday, J.P. Morgan analyst Joseph Allman initiated coverage on Antero Resources Corp. (NYSE: AR) with an Overweight rating and $68.00 price target. In the report, J.P. Morgan noted, “We initiate coverage of AR with an Overweight rating and a Dec-14 price target of $68/share...

In a report published Tuesday, J.P. Morgan analyst Joseph Allman downgraded the rating on PetroQuest Energy (NYSE: PQ) from Overweight to Neutral. In the report, J.P. Morgan noted, “We are downgrading PQ to Neutral from Overweight. We updated our NAV and earnings estimates in light of PQ's Gulf of...

J.P. Morgan analyst Joseph Allman downgraded Approach Resources Inc. (NASDAQ: AREX) from Overweight to Underweight and lowered the price target from $38.50 to $25.50. Allman noted lower production in Q3 from Q2 and changed the model for the royalty rate, increasing it from 14 percent to 24 percent...

In a report published Friday, J.P. Morgan analyst Joseph Allman initiated coverage on Jones Energy (NYSE: JONE) with an Overweight rating and $18.00 price target. In the report, J.P. Morgan noted, “We initiate coverage of JONE with an Overweight rating. The pure-play MidContinent E&P company...

In a report published Friday, J.P. Morgan analyst Joseph Allman reiterated a Neutral rating on Halcon Resources (NYSE: HK), but lowered the price target from $8.50 to $5.00. In the report, J.P. Morgan noted, “Last year Halcón focused on building a critical mass of oil-weighted and liquids-rich...

In a report published Thursday, J.P. Morgan analyst Joseph Allman downgraded Devon Energy Corp. (NYSE: DVN) from Overweight to Neutral, but raised the price target from $61.50 to $62.50. In the report, J.P. Morgan noted, “We are downgrading DVN to Neutral from Overweight. Although we expect to...