Brokerage Analysts Issue New Ratings and Price Targets on These Basic Materials Stocks

Stock analysts initiated coverage in the Basic Materials sector for the week ending December 16th, 2011 for the following companies:

Golden Minerals (AMEX:AUMN): Rodman & Renshaw initiated coverage of this company with a rating of Mkt Outperform and a price target of $13.63 on Dec 12th. The shares recently traded at $5.32, down $0.87, or 14.05% since the analyst’s rating. About the company: Golden Minerals Company is a mining company with a focus on exploration, development, providing mining services, and growth through strategic business transactions. The Company manages the San Cristobal silver and zinc mine in Bolivia. Get the most recent company news and stock data here >>

Hallador Energy (NASDAQ:HNRG): Dahlman Rose initiated coverage of this company with a rating of Hold on Dec 12th. The shares recently traded at $9.90, up $0.12, or 1.23% since the analyst’s rating. About the company: Hallador Energy Company processes, mines and sells coal to producers of electric power. The Company also owns interests in an oil and gas company with operations in Michigan. Get the most recent company news and stock data here >>

Comstock (NYSE:CRK): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $22 on Dec 13th. The shares recently traded at $14.78, down $2.04, or 12.13% since the analyst’s rating. About the company: Comstock Resources, Inc., an independent exploration and production company, acquires, develops, produces, and explores oil and natural gas properties. The Company’s oil and natural gas reserves are located in the Gulf of Mexico, Texas, and Louisiana. Get the most recent company news and stock data here >>

Rosetta Resources (NASDAQ:ROSE): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $51 on Dec 13th. The shares recently traded at $41.89, down $1.82, or 4.16% since the analyst’s rating. About the company: Rosetta Resources, Inc. is an oil and gas exploration and production company. Get the most recent company news and stock data here >>

Goodrich Petroleum (NYSE:GDP): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $18 on Dec 13th. The shares recently traded at $12.17, down $1.86, or 13.26% since the analyst’s rating. About the company: Goodrich Petroleum Corporation and its subsidiaries explore, develop, produce, and acquire oil and natural gas properties. The Company’s properties are located in the onshore portions of the United States, primarily in Louisiana and Texas. Get the most recent company news and stock data here >>

Oasis Petroleum (NYSE:OAS): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $36 on Dec 13th. The shares recently traded at $27.24, down $1.56, or 5.42% since the analyst’s rating. About the company: Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources. Get the most recent company news and stock data here >>

SM Energy (NYSE:SM): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $87 on Dec 13th. The shares recently traded at $68.08, down $3.94, or 5.47% since the analyst’s rating. About the company: SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company’s operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions. Get the most recent company news and stock data here >>

Apache (NYSE:APA): Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $129 on Dec 13th. The shares recently traded at $85.76, down $6.57, or 7.12% since the analyst’s rating. About the company: Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego. Get the most recent company news and stock data here >>

Noble Energy (NYSE:NBL): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $103 on Dec 13th. The shares recently traded at $87.78, down $3.68, or 4.02% since the analyst’s rating. About the company: Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids. Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa. Get the most recent company news and stock data here >>

Cabot Oil & Gas (NYSE:COG): Robert W. Baird initiated coverage of this company with a rating of Neutral and a price target of $84 on Dec 13th. The shares recently traded at $72.05, down $4.05, or 5.32% since the analyst’s rating. About the company: Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada. 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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