Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard covers Geokinetics Inc. GOK, Hornbeck Offshore Services, Inc. HOS, Helmerich & Payne Inc. HP, Magnum Hunter Resources Corporation MHR, Newfield Exploration Co. NFX, NRG Energy, Inc. NRG, and Cimarex Energy Co. XEC.
Pritchard is initiating NFX with a ‘Buy' and $65 price target.
Pritchard discusses meeting with MHR management. The company's fourth well is expected to be part of a new JV to be announced shortly.
Pritchard was impressed with HP's HP investor presentation.
Pritchard is still mixed on HOS's outlook, post-spill in the Gulf of Mexico.
XEC has gained a strong partner at Wyoming Riley Ridge project.
Pritchard increased the price target on GOK to $9 on valuation.
NRG announced it will buy Green Mountain Energy, one of the oldest and largest retail electric providers of “green energy” to deregulated markets. The deal was all cash for $350 million, but Pritchard believes it was cheap for a reason.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsEnergyOil & Gas DrillingOil & Gas Equipment & ServicesOil & Gas Exploration & ProductionPritchard CapitalUtilities
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