Jefferies Starts Heckmann Corporation (HEK) at Buy

Jefferies initiates coverage on Heckmann Corporation (NYSE: HEK) with a Buy. PT $5.25.

The firm comments, "We believe HEK offers both revenue stability and growth opportunities in its water and UMO/RFO service businesses stemming from its produced water sales and the historical stability of UMO/RFO end-markets. Combined with expected margin expansion, we see above-peer EBITDA growth."

NOTE: Jefferies acted as a joint manager for HEK's secondary stock offering completed on 3/30/12.

For an analyst ratings summary and ratings history on Heckmann Corporation click here. For more ratings news on Heckmann Corporation click here.

Shares of Heckmann Corporation closed at $3.64 yesterday.

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