Freeport-McMoRan (FCX) to Acquire McMoRan (MMR), Plains Exploration (PXP) for ~$9B
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Freeport-McMoRan (FCX) Acquisitions 'Not' Diversification Play
December 7, 2012 2:35 PM ESTThis week Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) investors were stunned by a surprise $9 billion acquisition of Plains Exploration & Production Company (NYSE: PXP) and McMoRan Exploration Co. (NYSE: MMR). The fact that these are oil and gas companies makes... More
CapitalOne Downgrades Plains Exploration (PXP) to Neutral
December 6, 2012 10:29 AM ESTCapitalOne downgraded Plains Exploration (NYSE: PXP) from Strong Buy to Neutral on takeover.
For an analyst ratings summary and ratings history on Plains Exploration click here. For more ratings news on Plains Exploration click here.
Shares of Plains Exploration closed at $44.50 yesterday, with a 52 week range of $30.12-$47.13.... More
Ladenburg Thalmann Downgrades McMoRan Exploration (MMR) to Neutral
December 6, 2012 10:28 AM ESTLadenburg Thalmann downgraded McMoRan Exploration (NYSE: MMR) from Buy to Neutral with a price target of $17.00 (from $21.00) after yesterday's takeover deal.
For an analyst ratings summary and ratings history on McMoRan Exploration click here.... More
Global Hunter Securities Downgrades Plains Exploration (PXP) to Neutral
December 6, 2012 7:47 AM ESTGlobal Hunter Securities downgraded Plains Exploration (NYSE: PXP) from Accumulate to Neutral with a price target of $50.00 (from $58.00) after yesterday's takeover.
For an analyst ratings summary and ratings history on Plains Exploration click... More
Raymond James Downgrades Plains Exploration (PXP) to Market Perform
December 6, 2012 7:40 AM ESTRaymond James downgraded Plains Exploration (NYSE: PXP) from Outperform to Market Perform after yesterday's takeover.
For an analyst ratings summary and ratings history on Plains Exploration click here. For more ratings news on Plains Exploration click here.
Shares of Plains Exploration closed at $44.50 yesterday, with a 52 week range of $30.12-$47.13.... More
Johnson Rice Downgrades Plains Exploration (PXP) to Focus List
December 6, 2012 7:40 AM ESTJohnson Rice downgraded Plains Exploration (NYSE: PXP) from Equalweight to Focus List after yesterday's takeover.
For an analyst ratings summary and ratings history on Plains Exploration click here. For more ratings news on Plains Exploration click here.
Shares of Plains Exploration closed at $44.50 yesterday, with a 52 week range of $30.12-$47.13.... More
Goldman Sachs Downgrades Freeport-McMoRan (FCX) to Neutral
December 6, 2012 6:49 AM ESTGoldman Sachs downgraded Freeport-McMoRan (NYSE: FCX) from Buy to Neutral with a price target of $38.00 (from $46.00) following yesterday's takeovers of Plains Exploration and McMoRan Exploration.
For an analyst ratings summary and ratings history on Freeport-McMoRan... More
Macquarie Downgrades Freeport-McMoRan (FCX) to Neutral
December 6, 2012 6:47 AM ESTMacquarie downgraded Freeport-McMoRan (NYSE: FCX) from Outperform to Neutral following yesterday's takeovers of Plains Exploration and McMoRan Exploration.
For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more ratings news on Freeport-McMoRan click here.
Shares of Freeport-McMoRan closed at $32.16 yesterday, with a 52 week range of $31.08-$48.96.... More
BMO Capital Downgrades Freeport-McMoRan (FCX) to Market Perform
December 6, 2012 6:46 AM ESTBMO Capital downgraded Freeport-McMoRan (NYSE: FCX) from Outperform to Market Perform following yesterday's takeovers of Plains Exploration and McMoRan Exploration.
For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more... More
RBC Capital Downgrades Freeport-McMoRan (FCX) to Sector Perform
December 6, 2012 6:45 AM ESTRBC Capital downgraded Freeport-McMoRan (NYSE: FCX) from Outperform to Sector Perform following yesterday's takeovers of Plains Exploration and McMoRan Exploration.
For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more... More
Plains Exploration & Production (PXP) Ramps as Deal with Freeport-McMoRan (FCX) Said to Be 'Close'
December 5, 2012 7:53 AM ESTPlains Exploration & Production Company (NYSE: PXP) is now up 20% in pre-open trading on earlier reports Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is in talks to acquire the company. Reports from the Wall Street Journal confirm the... More
McMoRan Exploration (MMR) Continues Higher on M&A Talk, WSJ Says a Deal is "Close"
December 5, 2012 7:51 AM ESTMcMoRan Exploration Co. (NYSE: MMR) continues higher in pre-open trading on earlier reports Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is in talks to acquire the company. Reports from the Wall Street Journal confirm the earlier... More
Freeport-McMoRan (FCX) Could Target McMoRan Exploration (MMR), Other Oil & Gas Producer in a Takeover
December 5, 2012 7:16 AM ESTShares of McMoRan Exploration Co. (NYSE: MMR) are indicated to open sharply higher Wednesday following reports from the Financial Times that Freeport-McMoRan Copper & Gold (NYSE: FCX) is looking to buy the company and another large oil and... More
