UPDATE: Global Hunter Securities Upgrades Copano Energy (CPNO) to Neutral; Underestimated Cash Flow Generation Ability
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Price: $40.21 --0%
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CPNO Now!
(Updated - August 13, 2012 8:45 AM EDT)
Global Hunter Securities upgraded Copano Energy (NASDAQ: CPNO) from Reduce to Neutral with a price target of $30.00 (from $26.00).
Analyst, Bernard Colson, said, "Upgrading following the MLP's Q2:12 results release and conference call. Quarterly results were better than anticipated and 2013 guidance was likewise greater than we envisioned. That being said, we are not getting more aggressive here given that we believe the company needs additional equity and units have had a healthy run going into the results release. We have underestimated the hedge impact and therefore sensitivity to NGL prices. We look to reevaluate units upon an equity raise."
For an analyst ratings summary and ratings history on Copano Energy click here. For more ratings news on Copano Energy click here.
Shares of Copano Energy closed at $29.94 yesterday, with a 52 week range of $24.24-$38.03.
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Global Hunter Securities upgraded Copano Energy (NASDAQ: CPNO) from Reduce to Neutral with a price target of $30.00 (from $26.00).
Analyst, Bernard Colson, said, "Upgrading following the MLP's Q2:12 results release and conference call. Quarterly results were better than anticipated and 2013 guidance was likewise greater than we envisioned. That being said, we are not getting more aggressive here given that we believe the company needs additional equity and units have had a healthy run going into the results release. We have underestimated the hedge impact and therefore sensitivity to NGL prices. We look to reevaluate units upon an equity raise."
For an analyst ratings summary and ratings history on Copano Energy click here. For more ratings news on Copano Energy click here.
Shares of Copano Energy closed at $29.94 yesterday, with a 52 week range of $24.24-$38.03.
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