Analysts Start Covering These Basic Materials Stocks With New Ratings

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Basic Materials sector for the week ending November 4th, 2011:

  • Tesoro (NYSE:TSO): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $40 on Nov 1st. The shares recently traded at $28.89, up $3.31, or 12.94% since the analyst’s rating. About the company: Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users. Get the most recent company news and stock data here >>
  • Sunoco (NYSE:SUN): Global Hunter Securities initiated coverage of this company with a rating of Neutral on Nov 1st. The shares recently traded at $37.52, up $1.11, or 3.05% since the analyst’s rating. About the company: Sunoco, Inc. is a petroleum refiner and marketer and chemicals manufacturer with interests in logistics and cokemaking. The Company’s petroleum products include fuels, lubricants, and petrochemicals. Sunoco’s operations are conducted principally in the eastern half of the United States while its coke making operations are in Virginia, Indiana, Ohio and Vitoria Brazil. Get the most recent company news and stock data here >>
  • Western Refining (NYSE:WNR): Global Hunter Securities initiated coverage of this company with a rating of Neutral on Nov 1st. The shares recently traded at $17.74, up $2.13, or 13.65% since the analyst’s rating. About the company: Western Refining, Inc., through a subsidiary, refines crude oil and markets petroleum products. The subsidiary primarily produces gasoline, diesel, and jet fuel. The products are marketed in Arizona, New Mexico and Texas in the United States, and Juarez, Mexico. Get the most recent company news and stock data here >>
  • Delek US Holdings (NYSE:DK): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $20 on Nov 1st. The shares recently traded at $16.60, up $2.52, or 17.9% since the analyst’s rating. About the company: Delek US Holdings, Inc. a diversified energy focused on petroleum refining and supply and on retail marketing. The Company markets gasoline, diesel and other refined petroleum products and convenience merchandise through a network of company-operated retail fuel and convenience stores. Delek also has a wholesale fuel distribution operation. Get the most recent company news and stock data here >>
  • Valero Energy (NYSE:VLO): Global Hunter Securities initiated coverage of this company with a rating of Accumulate and a price target of $33 on Nov 1st. The shares recently traded at $26.18, up $1.95, or 8.05% since the analyst’s rating. About the company: Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates. Get the most recent company news and stock data here >>
  • CVR Energy (NYSE:CVI): Global Hunter Securities initiated coverage of this company with a rating of Buy and a price target of $38 on Nov 1st. The shares recently traded at $25.93, up $1.59, or 6.53% since the analyst’s rating. About the company: CVR Energy, Inc. is an independent refiner and marketer of transportation fuels. The Company, also through a limited partnership produces ammonia and urea ammonia nitrate, or UAN, fertilizers. Get the most recent company news and stock data here >>
  • Alon USA Energy (NYSE:ALJ): Global Hunter Securities initiated coverage of this company with a rating of Neutral on Nov 1st. The shares recently traded at $11.29, up $4.04, or 55.72% since the analyst’s rating. About the company: Alon USA Energy, Inc. refines and markets oil, operates pipelines, and operates convenience stores. The Company operates a sour crude oil refinery and pipeline, markets gasoline and diesel fuel to retailers, markets unbranded gasoline and diesel and jet fuels, supplies asphalt in West Texas, New Mexico and Arizona, and operates convenience stores in West Texas and New Mexico. Get the most recent company news and stock data here >>
  • Swift Energy (NYSE:SFY): Brean Murray initiated coverage of this company with a rating of Buy and a price target of $54 on Nov 1st. The shares recently traded at $30.25, up $0.52, or 1.75% since the analyst’s rating. About the company: Swift Energy Company is an independent oil and gas company that explores, develops, acquires, and operates oil and gas properties. The Company focuses on United States onshore and inland water areas of the Texas and Louisiana Gulf Coast and in New Zealand on onshore areas of the Taranaki Basin. Get the most recent company news and stock data here >>
  • Weatherford (NYSE:WFT): Global Hunter Securities initiated coverage of this company with a rating of Neutral and a price target of $17 on Nov 4th. The shares recently traded at $16.67, up $0.49, or 3.03% since the analyst’s rating. About the company: Weatherford International Ltd. provides equipment and services used for the drilling, completion, and production of oil and natural gas wells. The Company offers drilling and intervention services, completion systems, artificial lift systems, and compression services. Weatherford conducts operations in substantially all of the oil and natural gas producing regions in the world. Get the most recent company news and stock data here >>
  • Schlumberger (NYSE:SLB): Global Hunter Securities initiated coverage of this company with a rating of Accumulate and a price target of $86 on Nov 4th. The shares recently traded at $75.33, up $0.36, or 0.48% since the analyst’s rating. About the company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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