Stock Analysts Initiated New Stock Coverage on These Companies Today

Following is information on companies for which stock analysts initiated coverage today:

  • Newpark Res (NYSE:NR): BB&T Capital Mkts initiated coverage of this stock with a rating of Buy and a price target of $12.5.  About the company:  Newpark Resources, Inc. provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. Services include processing and disposal of oilfield exploration and production waste and drilling fluids, along with associated engineering and technical services, and fluids processing and recycling services at the rig site.
  • Taomee Holdings (TAOM): Stifel Nicolaus initiated coverage of this stock with a rating of Buy and a price target of $17.5.  Oppenheimer Perform $15.  About the company:  Taomee Holdings Ltd, together with its subsidiaries, operates as a children’s entertainment and media company in the People’s Republic of China.
  • Basic Energy Services (NYSE:BAS): Dahlman Rose initiated coverage of this stock with a rating of Hold.  No price target was given.  About the company: Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment.
  • Newpark Res (NYSE:NR): Dahlman Rose initiated coverage of this stock with a rating of Buy and a price target of $12.  About the company: Newpark Resources, Inc. provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. Services include processing and disposal of oilfield exploration and production waste and drilling fluids, along with associated engineering and technical services, and fluids processing and recycling services at the rig site.
  • Iridium Communications (NASDAQ:IRDM): Morgan Keegan initiated coverage of this stock with a rating of Outperform and a price target of $12.  About the company:  Iridium Communications, Inc. offers mobile satellite communications services. The Company’s satellites operate in a low-earth orbit and provide 100% global coverage. Iridium Holdings offers voice and data communications services to the United States and foreign governments; businesses; non-governmental organizations; and consumers.
  • RPC (NYSE:RES): Dahlman Rose initiated coverage of this stock with a rating of Hold.  No price target was given. About the company: RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company’s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment.
  • Carbo Ceramics (NYSE:CRR): Dahlman Rose initiated coverage of this stock with a rating of Buy and a price target of $215.  About the company: CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.

(Note: Data on stock ratings are sourced from here.  All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet