Raymond James Downgrades Plains Exploration (PXP) to Market Perform
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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
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
Freeport-McMoRan (FCX) to Acquire McMoRan (MMR), Plains Exploration (PXP) for ~$9B
December 5, 2012 8:41 AM ESTFreeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Plains Exploration & Production Company (NYSE: PXP) and McMoRan Exploration Co. (NYSE: MMR) announced today that they have signed definitive merger agreements under which FCX will acquire PXP for approximately $6.9 billion in cash and stock and FCX will acquire MMR for approximately $3.4 billion in cash, or $2.1 billion net of 36 percent of the MMR interests currently owned by FCX and PXP. Upon closing, MMR shareholders will also receive a distribution of units in a royalty trust which will hold a 5 percent... More
