Apache Stock Upside Reduced, Duke Energy Still a Buy, Rogers Has Long-Term Growth
Friday afternoon is showing moderately flat as investors and traders digest this week’s news and look ahead to the big earnings seasons ready to start next week. Here are a few energy companies and other stocks seeing new reviews from analysts:
Oppenheimer advises purchasing Apache Corp. (NYSE:APA) shares on weakness. While Apache’s shares dropped 24 percent last year in the wake of concerns about its work in Egypt, in Oppenheimer’s view these worries are over the top. The firm holds to an Outperform rating for Apache, despite lowering its target on the stock from $130 to $120.
Continental Resources’s (NYSE:CLR) price target has been upped to $87 from $76 at Pritchard. The firm elevated the price target due to Continental’s production and proved reserves growth, and maintains a Buy rating for the stock.
Goldman says Duke Energy Corporation (NYSE:DUK) shares look good, and trade at a discount to the group. Goldman is looking at possible positives to consensus estimates, and restates its $22 price target and Buy rating.
The price target for Triangle Petroleum Corporation (AMEX:TPLM) has been lifted to $9 from $7 by Pritchard. The firm predicts a revolutionary year ahead for Triangle thanks to increases in production. Pritchard elevated its price target for shares and stands by a Buy rating on the stock.
JMP Securities sees a buying opportunity in Rogers Corporation‘s (NYSE:ROG) stock weakness. Rogers preannounced Q4 results that were less impressive than hoped, but JMP maintains that the company is in the middle of an impressive, long-term growth cycle. The firm holds to an Outperform rating for JMP, but did lower its target from $53 to $48.
MSC Industrial Direct Co. Inc.‘s (NYSE:MSM) price target is up to $86 from $75 at RW Baird. The firm made that raise after the release of Q1 results, referencing increased guidance, a positive economic message from management, and normalized government trends. Its shares are rated Outperform.
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