Barclays on Energy U.S. Oil & Gas: E&P (Mid-Cap): Revising Estimates

Barclays on Energy U.S. Oil & Gas: E&P (Mid-Cap): Revising Estimates

Overweight rated Bill Barrett Corp. (NYSE: BBG), PT increased from $45 to $48 (FY11 EPS estimate increased from $1.15 to $1.25 and FY12 from $0.30 to $0.55)

OW rated Chesapeake Energy (NYSE: CHK), PT increased from $42 to $46 and raises FY11 EPS estimate from $2.90 to $3.10 and FY12 from $2.85 to $3.05)

OW rated Cimarex Energy (NYSE: XEC), PT increased from $130 to $143 and raises FY11 EPS estimate from $6.85 to $7.75 and FY12 from $7.75 to $8.80.

Equalweight rated Comstock Resources (NYSE: CRK), PT increased from $34 to $36 and raises FY12 EPS estimate from $0.60 to $0.85.

EW rated Concho Resources (NYSE: CXO), PT increased from $110 to $121 and raises FY11 EPS estimate from $4.05 to $4.25, FY12 from $5.35 to $5.75

Overweight rated Crimson Exploration (Nasdaq: CXPO), PT lowered from $7 to $6, but FY11 lowered from -0.35 to -0.20.

OW rated Fluor Corp. (NYSE: FLR), PT raised from $78 to $86.

OW rated Forest Oil (NYSE: FST), PT raised from $45 to $50, FY11 EPS estimate increased from $1.70 to $1.95 and FY12 from $2.35 to $2.80.

OW rated Foster Wheeler AG (Nasdaq: FWLT), PT increased from $41 to $45.

Equalweight rated Jacobs Engineering Group (NYSE: JEC), PT increased from $53 to $56.

EW rated KBR Inc. (NYSE: KBR), PT increased from $36 to $41.

OW rated McDermott International (NYSE: MDR), PT increased from $27 to $30.

OW rated Petrohawk Energy (NYSE: HK), PT increased from $32 to $35, FY11 EPS estimate increased from $0.90 to $1.00 and FY12 from $1.30 to $1.50.

OW rated Plains Exploration & Production (NYSE: PXP), PT increased from $49 to $52, FY11 EPS estimate raised from $1.25 to $1.90 and FY12 from $1.60 to $2.25.

Equalweight rated SandRidge Energy (NYSE: SD), PT increased from $10 to $12, FY11 EPS estimate from $0.30 to $0.35 and FY12 from $0.60 to $0.70.

EW rated Stone Energy Corp. (NYSE: SGY), PT increased from $33 to $38, FY11 EPS from $2.10 to $2.50 and FY12 from $2.55 to $3.20

EW rated Swift Energy (NYSE: SFY), PT increased from $51 to $54, FY11 EPS from $0.95 to $1.60 and FY12 from $1.25 to $1.85

EW rated W&T Offshore (NYSE: WTI), PT increased from $20 to $23, FY11 EPS from $1.50 to $1.90 and FY12 from $1.55 to $2.00

Overweight rated Whiting Petroleum (NYSE: WLL), PT from $88 to $102, FY11 EPS estimate increased from $4.45 to $5.30 and FY12 from $5.70 to $6.75.

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