Dahlman Rose Starts Lufkin Industries (LUFK) at Buy; Benefit From Booming Oil Activity
Get Alerts LUFK Hot Sheet
Price: $88.49 --0%
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
0 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Dahlman Rose initiates coverage on Lufkin Industries (NASDAQ: LUFK) with a Buy. PT $96.00.
Analyst, Doug Garber, said, "We believe there could be upside to EPS from further price increases in artificial lift. The company’s guidance incorporates the current price increases that are rolling through backlog. We believe further price increases later in the year could lead to margin expansion and higher guidance ranges going forward. Despite operational shortfalls in 2011, if efficiencies are successful in 2012, there could be additional margin expansion."
For an analyst ratings summary and ratings history on Lufkin Industries click here. For more ratings news on Lufkin Industries click here.
Shares of Lufkin Industries closed at $77.59 yesterday.
Analyst, Doug Garber, said, "We believe there could be upside to EPS from further price increases in artificial lift. The company’s guidance incorporates the current price increases that are rolling through backlog. We believe further price increases later in the year could lead to margin expansion and higher guidance ranges going forward. Despite operational shortfalls in 2011, if efficiencies are successful in 2012, there could be additional margin expansion."
For an analyst ratings summary and ratings history on Lufkin Industries click here. For more ratings news on Lufkin Industries click here.
Shares of Lufkin Industries closed at $77.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Starts Grindr (GRND) at Buy
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- Craig-Hallum Upgrades Lands' End (LE) to Buy, 'the setup looks much better'
Create E-mail Alert Related Categories
New CoverageRelated Entities
Raising PricesSign 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!