Canaccord Genuity Reiterates a 'Buy' on St. Mary's (SM); Top Mid-Cap Pick for '12
Tweet
Share
E-mailGet Alerts SM Hot Sheet
Price: $37.20 -1.17%
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on St. Mary's (NYSE: SM) price target raised from $121 to $125.
Canaccord analyst, John Gerdes, said, "We are raising our target price due to capital productivity refinements related to the non-operated Eagle Ford drilling promote. SM represents our top mid-cap pick for ’12. We believe Eagle Ford productivity should be more fully appreciated by the Q1 reporting cycle after the completion of a significant Eagle Ford midstream expansion this month. SM offers ~20% more upside than the sector, in our view, as the stock trades at a 10%+ discount (’12E EBITDA) though offers 40% greater CFPS growth (’11-’13E)."
For an analyst ratings summary and ratings history on St. Marys click here. For more ratings news on St. Marys click here.
Shares of St. Marys closed at $76.32 yesterday.
Canaccord analyst, John Gerdes, said, "We are raising our target price due to capital productivity refinements related to the non-operated Eagle Ford drilling promote. SM represents our top mid-cap pick for ’12. We believe Eagle Ford productivity should be more fully appreciated by the Q1 reporting cycle after the completion of a significant Eagle Ford midstream expansion this month. SM offers ~20% more upside than the sector, in our view, as the stock trades at a 10%+ discount (’12E EBITDA) though offers 40% greater CFPS growth (’11-’13E)."
For an analyst ratings summary and ratings history on St. Marys click here. For more ratings news on St. Marys click here.
Shares of St. Marys closed at $76.32 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Deere (DE) PT Raised to $585 at JPMorgan
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
