Jefferies Downgrades Heckmann Corporation (HEK) to Hold
Tweet Send to a FriendGet Alerts HEK Hot Sheet
Price: $3.74 --0%
Rating Summary:
3 Buy, 4 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
3 Buy, 4 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade HEK Now!
Jefferies downgraded Heckmann Corporation (NYSE: HEK) from Buy to Hold with a price target of $4.50 (from $5.50).
The firm comments, "Following a weak 4Q12, activity in shales served by HEK looks sluggish into 1H13 and water services pricing is challenged. We are lowering our 2013 estimate and adopting a more conservative valuation posture."
The firm cut Q1 EPS from ($0.02) to ($0.03), FY13 from ($0.15) to ($0.16) and FY14 from $0.18 to $0.09.
For an analyst ratings summary and ratings history on Heckmann Corporation click here. For more ratings news on Heckmann Corporation click here.
Shares of Heckmann Corporation closed at $3.68 yesterday, with a 52 week range of $2.60-$5.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "Following a weak 4Q12, activity in shales served by HEK looks sluggish into 1H13 and water services pricing is challenged. We are lowering our 2013 estimate and adopting a more conservative valuation posture."
The firm cut Q1 EPS from ($0.02) to ($0.03), FY13 from ($0.15) to ($0.16) and FY14 from $0.18 to $0.09.
For an analyst ratings summary and ratings history on Heckmann Corporation click here. For more ratings news on Heckmann Corporation click here.
Shares of Heckmann Corporation closed at $3.68 yesterday, with a 52 week range of $2.60-$5.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Actavis (ACT) Fairly Valued After Run-Up - Jefferies
- Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, DowngradesRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
