Deutsche Bank Lifts Cobalt Shares, Kodiak Oil Price Target Raised
With Iran tension escalating and the threat of the global oil supply restricted, energy stocks are in focus right now. Today, analysts review the following energy companies:
Cobalt International Energy, Inc. (NYSE:CIE): Deutsche Bank raises target for Cobalt. Cobalt said Cameia results are “very encouraging.” Deutsche Bank thinks Cobalt’s Cameia reserves have potential and rate it a Buy raising target from $17 to $25.
Kodiak Oil (AMEX:KOG): RBC Capital raises target on Kodiak Oil & Gas. Kodiak has acquired 50,000 net acres of the Williston Basin and forecast an oil price increase, says the firm as it maintains an Outperform, but raises target from $9 to $12.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI): Susquehanna raises target on Energy XXI. The firm has recommended more investor exposure to premium oil price companies. Susquehanna sees Energy XXI as fit citing free cash flow, premium oil prices and positive impetus from production at the company’s Davey Jones well. The firm rates EXXI Positive and raises target from $36 to $39.
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