UBS Maintains a 'Buy' Rating on Arena Resources (ARD); "Go-Shop" Ends with SD in Checkout Lane
ARD Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 7 | New: 23
UBS maintains a 'Buy' rating on Arena Resources (NYSE: ARD), lowers price target from $40 to $38.
UBS comments: Arena sets sights on SD deal closing; Current terms competitive with M&A comps, though discount to 1P NAV; and Deteriorated macro since April 4th announcement remains risk to close.
To see all the upgrades/downgrades on shares of ARD, visit our Analyst Ratings page.
Arena Resources, Inc. (Arena) is engaged in oil and natural gas acquisition, exploration, development and production, with activities in Oklahoma, Texas, New Mexico and Kansas.
UBS comments: Arena sets sights on SD deal closing; Current terms competitive with M&A comps, though discount to 1P NAV; and Deteriorated macro since April 4th announcement remains risk to close.
To see all the upgrades/downgrades on shares of ARD, visit our Analyst Ratings page.
Arena Resources, Inc. (Arena) is engaged in oil and natural gas acquisition, exploration, development and production, with activities in Oklahoma, Texas, New Mexico and Kansas.
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