Barclays Maintains an 'Overweight' on Crimson Exploration (CXPO); Stronger-Than-Expected Shift to Liquids

Barclays maintains an 'Overweight' on Crimson Exploration, Inc. (NASDAQ: CXPO) price target raised from $4.00 to $5.00.

Analyst, Jeffrey W. Robertson, said, "A shift in focus toward liquids-rich drilling opportunities targeting the Woodbine formation and Eagle Ford Shale could provide CXPO with higher-margin growth opportunities over the next several years...We are revising our 2012 and 2013 DCFPS estimates to $1.15/$1.45 from $0.90/$1.20, respectively. We are establishing FY14 EPS/DCFPS estimates of $0.15/$1.75."

For an analyst ratings summary and ratings history on Crimson Exploration, Inc. click here. For more ratings news on Crimson Exploration, Inc. click here.

Shares of Crimson Exploration, Inc. closed at $4.15 yesterday.

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