Pritchard Capital's Morning Intelligence (ELON, EXXI, GMXR, WG)

Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard Capital discusses Echelon ELON, Energy XXI (Bermuda) EXXI, GMX Resources Inc. GMXR and Willbros Group, Inc. WG. In the report, Pritchard downgrades Energy XXI to Neutral as the stock is near its $22 price target. Pritchard Capital writes that GMX Resources is lowering its 2011 and 2012 capex results. Pritchard is positive on Echelon's new smart grid meter, the ECoS software platform. Pritchard reports that Willbros Group landed a ~$300-400MM award in Canada, which warrants a EPS bump.