Canaccord Genuity Rates Endeavour International (END) at Buy, Unjustified Hangover in the Stock
Tweet Send to a FriendGet Alerts END Hot Sheet
Price: $3.28 +0.31%
Rating Summary:
4 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade END Now!
Canaccord Genuity transitions coverage on Endeavour International (NYSE: END) with a Buy. PT $12.50.
"We believe there is still an unjustified hangover in the stock as a result of a large North Sea acquisition (Alba) that almost fell apart earlier this year," the analyst said. "The focus should be on production, where driven by its UK North Sea operations END has begun a period of significant, mostly oily growth that we do not believe is reflected in the stock price. Furthermore, END has additional upside potential from the Heath Shale in Montana and a new liquids stealth play in Colorado, neither of which are currently reflected in our ~$15 NAV."
For an analyst ratings summary and ratings history on Endeavour International click here. For more ratings news on Endeavour International click here.
Shares of Endeavour International closed at $9.50 yesterday, with a 52 week range of $5.73-$13.48.
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
"We believe there is still an unjustified hangover in the stock as a result of a large North Sea acquisition (Alba) that almost fell apart earlier this year," the analyst said. "The focus should be on production, where driven by its UK North Sea operations END has begun a period of significant, mostly oily growth that we do not believe is reflected in the stock price. Furthermore, END has additional upside potential from the Heath Shale in Montana and a new liquids stealth play in Colorado, neither of which are currently reflected in our ~$15 NAV."
For an analyst ratings summary and ratings history on Endeavour International click here. For more ratings news on Endeavour International click here.
Shares of Endeavour International closed at $9.50 yesterday, with a 52 week range of $5.73-$13.48.
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
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
- Topeka Capital Starts RDA Microelectronics (RDA) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Canaccord Genuity
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!
