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EPL Oil & Gas (EPL) Jumps on Upgrade to "Buy"

By  +Follow January 10, 2014 8:59AM
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The $1 billion-dollar independent oil & gas exploration/production firm Energy Partners Ltd. (EPL) was trading nearly 7 percent higher on Friday following an upgrade from Canaccord Genuity from “hold” to “buy.”

The gains for Energy Partner’s came early and persisted throughout the day’s trading, despite the fact that another ratings firm, Sasquehanna, initiated coverage on the stock at “negative” at the same time. EPL is a Houston, TX-based company that does the bulk of its work in state and federal waters in the Gulf of Mexico, and is coming off a strong 2013, on a gain of nearly 25 percent for the full year.

In the new year, however, shares have struggled slightly, off about 6 percent, including Friday’s gains. Canaccord’s decision to upgrade EPL was based on valuation, as the company is trading at just over 9 times earnings, significantly behind the industry average of around five times greater than that.

Furthermore, the ratings firm gave Energy Partners’ stock a price target of $37, a significant premium on the company’s current share price of $28. Though an independent explorer/driller, the company is not one of those whose revenues and profits are tied to the onshore “shale boom” of recent years.

Instead, Canaccord believes that the company’s offshore assets are of high-quality. EPL is currently sitting on at least 77.5 million barrels of oil equivalent, and owns interests in at least 37 different producing fields in the Gulf of Mexico shelf.

If nothing else, today’s upgrade is an indication that the “shale boom,” for all of its magnitude and consequence, is still only one component among several that currently make up the US “energy revolution,” and that more traditional wells, as well as other types of unconventional sources, will continue to play a significant role going forward.

Results for EPL
Lutz Braune
24 Apr 14 03:09:28
$EPL Wall Street concern over stagnant Gulf of Mexico 'overly cautious': driller http://t.co/v1um5Das2U
TalkMarkets
22 Apr 14 20:12:55
Weekly Investment Report: Best Stock Buys $ALIM, $AMRI, $APH, $ARTC, $AZO, $BKW, $DXPE, $ECA, $EPL, $EQT, $EXAM http://t.co/IPzSgifZS6
Stockaholics
22 Apr 14 01:02:46
Members saw 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $VVUS $EPL $FNSR
$Stocknewsalerts
21 Apr 14 14:16:40
$EPL New SEC Document(s) for EPL Oil & Gas, Inc.
Lutz Braune
21 Apr 14 13:38:17
$EPL EPL OIL & GAS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statement...
Informer
21 Apr 14 13:11:40
$EPL: EPL OIL & GAS, INC. Files SEC form 8-K, Entry into a Material Definiti... http://t.co/ZkBdBcJVLw
stocknews247
21 Apr 14 13:02:33
$EPL - EPL OIL & GAS, INC. Files SEC form 8-K, Entry into a Material Definiti... -> http://t.co/uptQSBr6hC #stock #stocks #stockaction
4-traders.com
21 Apr 14 12:50:02
EPL OIL & GAS : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits... http://t.co/888O68vw33 $EPL
$Stocknewsalerts
21 Apr 14 12:46:17
$EPL New SEC Document(s) for EPL Oil & Gas, Inc.
BV Basic Materials
21 Apr 14 12:45:13
$EPL Epl Oil & Gas, Inc files Form 8-K (Events or Changes Between Quarterly Reports) SEC Filing.. http://t.co/ht1fqLz9y3
Lutz Braune
21 Apr 14 12:26:46
$EPL EPL Oil & Gas Downgraded to "Market Perform" at Clarkson Capital (EPL) http://t.co/ZTIjcfzy2E
Media Sentiment
21 Apr 14 11:52:13
$EPL received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 603
Zolmax News
21 Apr 14 11:51:33
EPL Oil & Gas Downgraded to “Market Perform” at Clarkson Capital $EPL http://t.co/wZyHAyEjlA
Lutz Braune
21 Apr 14 10:31:10
$EPL EPL Oil & Gas Stock Rating Lowered by Clarkston Capital (EPL) http://t.co/L42n55MvhC
Zolmax News
21 Apr 14 10:07:22
EPL Oil & Gas Stock Rating Lowered by Clarkston Capital $EPL http://t.co/7yCEaDwOeb
Lutz Braune
21 Apr 14 06:35:40
$EPL Stocks Buzz: Key Energy Services, Inc. (KEG), AK Steel Holding Corporation ... http://t.co/v919oyN8pO
Lutz Braune
21 Apr 14 05:56:33
$EPL Energy XXI Announces Receipt of Requisite Consents and Expiration of ... http://t.co/IrETfNv0l3
$Stocknewsalerts
21 Apr 14 05:00:41
$EPL New SEC Document(s) for EPL Oil & Gas, Inc.
Stockaholics
20 Apr 14 16:03:30
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $VVUS $EPL $FNSR
Stock_Tracker
20 Apr 14 14:46:50
Energy Partners (EPL) 38.78 $EPL Energy XXI and EPL Announce Record Date and Meeting Date for Merger Special M http://t.co/hdnAvRuAKy
Lutz Braune
19 Apr 14 14:09:33
$EPL Stocks on the Move - Suncor Energy Inc. (USA) (NYSE:SU), EPL Oil & Gas Inc ... http://t.co/4hE8mIujXx
Lutz Braune
19 Apr 14 01:32:33
$EPL Iran to Start 2nd Phase of Subsidy Reforms Plan in Days http://t.co/m74Zy1Lmz7
Stockaholics
18 Apr 14 20:46:35
Our Penny Stock Picks gained 5,000% in 4 months! Get the next Pick Early: http://t.co/5B5saivZk0 $VVUS $EPL $FNSR
WallStreetConsensus
17 Apr 14 13:52:42
Downgrades 4/17: $STKL, $NGLS, $SO, $EPD, $MDP, $R, $SDRL, $MDCO, $EPL, $HBAN http://t.co/Nk5P0SAO4f
US Banking News
17 Apr 14 10:52:30
EPL Oil & Gas Downgraded to “Market Perform” at Clarkson Capital $EPL http://t.co/yBNUaDUMPj
Ticker Report
17 Apr 14 10:12:44
EPL Oil & Gas Lowered to “Market Perform” at Clarkson Capital $EPL http://t.co/vRdd8sgrFZ
Media Sentiment
17 Apr 14 10:06:54
$EPL received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 329
Analyst Ratings
17 Apr 14 10:01:49
EPL Oil & Gas downgraded by Clarkson Capital to market perform. http://t.co/FaD3hMwx7v $EPL #EPL
US Consumer News
17 Apr 14 10:01:01
EPL Oil & Gas downgraded by Clarkson Capital to market perform. http://t.co/nNGcCfXIIO $EPL #EPL
US Banking News
17 Apr 14 09:39:35
EPL Oil & Gas Rating Lowered to Market Perform at Clarkston Capital $EPL http://t.co/FZ97QnWdxN
Ticker Report
17 Apr 14 09:26:43
EPL Oil & Gas Lowered to “Market Perform” at Clarkston Capital $EPL http://t.co/Bm7Mcq1B34
Media Sentiment
17 Apr 14 09:21:08
$EPL received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 308
Analyst Ratings
17 Apr 14 09:16:40
EPL Oil & Gas downgraded by Clarkston Capital to market perform. $44.00 PT. http://t.co/5jjczfrCT9 $EPL #EPL
US Consumer News
17 Apr 14 09:16:38
EPL Oil & Gas downgraded by Clarkston Capital to market perform. $44.00 PT. http://t.co/YMBzYuFres $EPL #EPL
Media Sentiment
17 Apr 14 08:50:57
$EPL received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 287
TradeXchange
17 Apr 14 07:28:01
EPL Oil & Gas $EPL cut to market perform at Clarkson
FinancialJuice
17 Apr 14 07:27:39
EPL Oil & Gas $EPL cut to market perform at Clarkson #stocks
Lutz Braune
17 Apr 14 01:19:04
$EPL Gary Anderson warns darts rival Adrian Lewis ahead of Granite City clash: Get ... http://t.co/IdMZTkwiaN
Lutz Braune
17 Apr 14 00:34:36
$EPL Anderson stays on target http://t.co/rrCi6yDQP4
Lutz Braune
17 Apr 14 00:30:21
$EPL Premier League Darts - Live Stream, Week 11 schedule of play and Premier ... http://t.co/wSyYln9pbs
				
				
By  +Follow January 10, 2014 8:59AM
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