Barclays Maintains an 'Equalweight' on CenterPoint Energy (CNP); Raising Numbers on Accretive Acquisitions
Get Alerts CNP Hot Sheet
Price: $28.53 +2.08%
Rating Summary:
14 Buy, 11 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
14 Buy, 11 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on CenterPoint Energy (NYSE: CNP) price target of $21.00 (from $20.00).
Analyst, Daniel Ford, said, "CNP announced the acquisition of assets in East Texas in two separate deals. The first deal is to acquire the gathering and processing assets from Prism Gas Systems I, L.P. (Prism) for approximately $275 million in cash. The second deal is to purchase Encana's 139 mile Amoruso gathering systems for approximately $89 million in cash."
Ford sees EPS accretion from the two deals and raises FY12 EPS estimate from $1.12 to $1.13, FY13 from $1.21 to $1.23 and FY14 from $1.36 to $1.40.
For an analyst ratings summary and ratings history on CenterPoint Energy click here. For more ratings news on CenterPoint Energy click here.
Shares of CenterPoint Energy closed at $20.59 yesterday.
Analyst, Daniel Ford, said, "CNP announced the acquisition of assets in East Texas in two separate deals. The first deal is to acquire the gathering and processing assets from Prism Gas Systems I, L.P. (Prism) for approximately $275 million in cash. The second deal is to purchase Encana's 139 mile Amoruso gathering systems for approximately $89 million in cash."
Ford sees EPS accretion from the two deals and raises FY12 EPS estimate from $1.12 to $1.13, FY13 from $1.21 to $1.23 and FY14 from $1.36 to $1.40.
For an analyst ratings summary and ratings history on CenterPoint Energy click here. For more ratings news on CenterPoint Energy click here.
Shares of CenterPoint Energy closed at $20.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Intuitive Surgical (ISRG) PT Raised to $435 at Piper Sandler
- CIMC Enric Holdings Ltd. (3899:HK) (CIMEF) PT Lowered to HK$8.70 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign 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!