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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
Stockaholics
17 Apr 14 22:36:08
Over 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: 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
Viva Sobek
16 Apr 14 02:12:47
$EPL Sears Catches a Break with Sales Data http://t.co/MeDgkTcQg6
Viva Sobek
16 Apr 14 02:00:45
$EPL 'Middle East dependent on Asian oil demand' http://t.co/z9Go0VffSS
Viva Sobek
16 Apr 14 00:51:36
$EPL Africa Is Refuting the Usual Economic Pessimism http://t.co/T9PNcrBJew
Viva Sobek
15 Apr 14 23:28:03
$EPL Katali irked by locals selling EPLs to foreigners http://t.co/hEOnnEFRuy
Viva Sobek
15 Apr 14 23:16:33
$EPL NYSE stocks posting largest volume increases http://t.co/6pIpMLXhd0
Viva Sobek
15 Apr 14 22:48:32
$EPL Africa Is Refuting the Usual Economic Pessimism http://t.co/BV50O4kU3g
Viva Sobek
15 Apr 14 16:42:34
$EPL Africa Is Refuting the Usual Economic Pessimism http://t.co/BV50O4kU3g
Viva Sobek
15 Apr 14 15:30:19
$EPL NYSE stocks posting largest volume increases http://t.co/6pIpMLXhd0
Viva Sobek
15 Apr 14 15:09:19
$EPL 'Middle East dependent on Asian oil demand' http://t.co/z9Go0VffSS
Viva Sobek
15 Apr 14 13:39:20
$EPL Sears Catches a Break with Sales Data http://t.co/MeDgkTcQg6
$Stocknewsalerts
15 Apr 14 10:31:01
$EPL New SEC Document(s) for EPL Oil & Gas, Inc.
Viva Sobek
14 Apr 14 15:27:24
$EPL EPL Oil & Gas Inc.: Energy XXI and EPL Announce Record Date and Meeting ... http://t.co/ovpRB4xqcP
Viva Sobek
14 Apr 14 14:26:04
$EPL EPL OIL & GAS, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits http://t.co/oc1m5KrLEI
$Stocknewsalerts
14 Apr 14 14:16:34
$EPL New SEC Document(s) for EPL Oil & Gas, Inc.
LoveStockNews
14 Apr 14 14:12:05
$EPL - EPL OIL & GAS, INC. Files SEC form 8-K, Other Events, Financial Statem... -> http://t.co/yVSvTKNh7E #stock #stocks #stockaction
BV Basic Materials
14 Apr 14 14:05:43
$EPL Epl Oil & Gas, Inc files Form 8-K (Events or Changes Between Quarterly Report.. http://t.co/nwzLTo1kFR
4-traders.com
14 Apr 14 14:05:11
EPL OIL & GAS : Other Events, Financial Statements and Exhibits (form 8-K) http://t.co/T0lJnDVvN9 $EPL
Stock Herald
14 Apr 14 13:38:05
$EPL: Energy XXI and EPL Announce Record Date and Meeting Date for Merger Sp... http://t.co/76A5c2lNvz
Viva Sobek
14 Apr 14 13:20:05
$EPL Energy XXI and EPL Announce Record Date and Meeting Date for Merger Special Meetings http://t.co/QSPHJptwpE
Viva Sobek
14 Apr 14 13:20:04
$EPL Energy XXI and EPL Announce Record Date and Meeting Date for Merger ... http://t.co/skM7Pwtsfu
Stock Herald
14 Apr 14 13:15:13
$EPL: Energy XXI and EPL Announce Record Date and Meeting Date for Merger Sp... http://t.co/bWhybfyJdZ
MarketNews
14 Apr 14 13:10:07
$EPL - Energy XXI and EPL Announce Record Date and Meeting Date for Merger Sp... -> http://t.co/9CJXZ9Cijd #stock #stocks #stockaction
4-traders.com
14 Apr 14 13:10:05
EPL Oil & Gas : Energy XXI and EPL Announce Record Date and Meeting Date for Merger Special Meetings http://t.co/OHhFL5zeLw $EPL
Viva Sobek
11 Apr 14 16:33:03
$EPL INDUSTRY BRIEFS #EPL http://t.co/Cfkz4m2bOV
Viva Sobek
11 Apr 14 10:45:35
$EPL Hallador Energy Rating Lowered to Hold at Zacks (HNRG) #EPL http://t.co/qUrsUxkuN2
Viva Sobek
11 Apr 14 10:34:34
$EPL EPL Oil & Gas Rating Lowered to Underperform at Zacks (EPL) #EPL http://t.co/QPAn1m2sgr
Viva Sobek
11 Apr 14 03:43:05
$EPL The Pay Zone: Oil Price, Chevron Corporation, Andes Energia, Mediterranean ... #EPL http://t.co/LbMuzadjCX
				
				
By  +Follow January 10, 2014 8:59AM
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