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Crescent Energy Among The 'Very Best' E&P Companies, Says Analyst: SilverBow Deal Offers 'Clear Synergies'
Thursday, June 27, 2024 - 1:22pm | 310Read More...Crescent Energy Co (NYSE:CRGY) inked an agreement to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. While the company has been growing mainly through acquisitions, the purchase of SilverBow Resources "is the most impactful to date," according to KeyBanc Capital Markets. The Crescent...
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No 'Super Spike' In Oil Price Expected, Analyst Says After OPEC+ Cut: 'Validation Of Weak Market Conditions'
Monday, June 5, 2023 - 3:26am | 461Read More...OPEC+ on Sunday announced that it will limit combined oil production to 40.463 million barrels per day in 2024, with voluntary cuts announced by some of the members that were set to expire by 2023 extended to 2024. Saudi Arabia said it would implement an additional 1 million barrel per day cut for...
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Sterne Agee CRT Reiterates Diamondback Energy As Top Pick For '16
Tuesday, December 29, 2015 - 10:23am | 333Read More...Diamondback Energy Inc (NASDAQ: FANG) shares are down 13 percent in the last six months, and have been trading below $70 since December 18. Sterne Agee CRT’s Tim Rezvan maintained a Buy rating for the company, with a price target of $84 The SOTP valuation indicates that the E&P...
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Chesapeake Energy Gets Double-Notch Upgrade At Sterne Agee CRT; 'Issues Not Fatal'
Monday, June 29, 2015 - 7:34am | 282Read More...In a report published Monday, Sterne Agee CRT analyst Tim Rezvan upgraded the rating on Chesapeake Energy Corporation (NYSE: CHK) from Underperform to Buy, while raising the price target from $9 to $13. Although the stock is "oversold," the analyst believes that the issues facing the company are "...
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UPDATE: Sterne Agee Downgrades Southwestern Energy Due To Poor Margin Outlook, Increase In Debt
Thursday, March 19, 2015 - 10:38am | 200Read More...On Thursday Sterne Agee released a company report on Southwestern Energy Company (NYSE: SWN), downgrading the energy company from Buy to Neutral and removing a $39 price target. Analysts Tim Rezvan and Truman Hobbs wrote, "Given equity dilution and the sharp increase in debt in early 2015...
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UPDATE: Sterne Agee Downgrades Southwestern Energy On Reasons For Concern
Thursday, March 19, 2015 - 10:19am | 137Read More...In a report published Thursday, Sterne Agee analyst Tim Rezvan downgraded the rating on Southwestern Energy Company (NYSE: SWN) from Buy to Neutral, and removed the $39.00 price target. In the report, Sterne Agee noted, "Given equity dilution and the sharp increase in debt in early 2015, we revise...
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Sterne Agee: Denbury Resources Share Price Could Decline To $8
Monday, November 17, 2014 - 3:56pm | 324Read More...Denbury Resources Inc. (NYSE: DNR) extended its losses Monday on news that two top executives got the axe and the company will cut capital spending plans in half for 2015. The oil and gas developer traded recently down 8 percent at $10.27; The company is off nearly 40 percent year to date....
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UPDATE: Sterne Agee Downgrades Denbury Resources On Recipe For Underperformance
Monday, November 17, 2014 - 10:07am | 115Read More...In a report published Monday, Sterne Agee analyst Tim Rezvan downgraded the rating on Denbury Resources Inc. NYSE: DNR) from Buy to Neutral, and removed the $18.00 price target. In the report, Sterne Agee noted, “Friday afternoon's announcement of a lower than expected 2015 dividend, a cautious...
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UPDATE: Sterne Agee Downgrades Pioneer Natural Resources on Weakening Earnings Growth Outlook
Wednesday, November 6, 2013 - 10:07am | 135Read More...In a report published Wednesday, Sterne Agee analyst Tim Rezvan downgraded the rating on Pioneer Natural Resources (NYSE: PXD) from Buy to Neutral, and removed the $206.00 price target. In the report, Sterne Agee noted, “The sharp divergence between NAV upside and Pioneer's medium-term earnings...
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UPDATE: Sterne Agee Initiates Coverage on Carrizo Oil & Gas on Upside from Drilling Inventory Expansion, Utica Shale Catalysts
Friday, October 4, 2013 - 9:13am | 118Read More...In a report published Friday, Sterne Agee analyst Tim Rezvan initiated coverage on Carrizo Oil & Gas (NASDAQ: CRZO) with a Buy rating and $50.00 price target. In the report, Sterne Agee noted, “We are initiating coverage of Carrizo with a Buy rating and $50 PT. Despite Carrizo's YTD rally (+96...
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UPDATE: Sterne Agee Upgrades Diamondback Energy Ahead of Expected Impact from Mineral Rights Acquisition
Tuesday, September 24, 2013 - 11:16am | 119Read More...In a report published Tuesday, Sterne Agee analyst Tim Rezvan upgraded the rating on Diamondback Energy (NASDAQ: FANG) from Neutral to Buy, and named a $54.00 price target. In the report, Sterne Agee noted, “Upgrade to Buy, establish $54 PT after increasing earnings and SOTP NAV after September's...
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UPDATE: Sterne Agee Downgrades Approach Resources on Pipeline Sale, Remaining Structural Concerns
Tuesday, September 24, 2013 - 11:16am | 116Read More...In a report published Tuesday, Sterne Agee analyst Tim Rezvan downgraded the rating on Approach Resources (NASDAQ: AREX) from Neutral to Underperform, and named a $22.00 price target. In the report, Sterne Agee noted, “Downgrade to Underperform on heels of recent rally, establish $22 PT. Sentiment...
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UPDATE: Sterne Agee Upgrades Chesapeake Energy on Operational Traction
Thursday, August 1, 2013 - 11:22am | 125Read More...In a report published on Thursday, Sterne Agee analyst Tim Rezvan upgraded Chesapeake Energy (NYSE: CHK) from Underperform to Neutral and removed the price target on the company. In the report, Sterne Agee stated, "We upgrade CHK shares to Neutral from Underperform and remove our $20 PT on the...
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Sterne Agee Maintains Neutral Rating on Diamondback Energy Citing Viability of Five Rig Program
Monday, July 8, 2013 - 1:00pm | 83Read More...In a report published on Monday, Sterne Agee analyst Tim Rezvan maintained a Neutral rating on Diamondback Energy (NASDAQ: FANG). In the report, Sterne Agee noted, "We believe the company's recently upsized $180 million credit facility (paid down with proceeds from their May equity issuance)...
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UPDATE: Sterne Agee Believes Chesapeake Energy is on Course Towards 2013 Asset Sales Target
Wednesday, July 3, 2013 - 11:22am | 127Read More...In a report published on Wednesday, Sterne Agee analyst Tim Rezvan reiterated an Underperform rating and $20.00 price target on Chesapeake Energy (NYSE: CHK), and said that the company is approaching $4 billion asset sale target with minimal effect on production. In the report, Sterne Agee...



