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Stock Market & Financial Investment News

News Breaks
November 28, 2012
14:29 EDTPDCE, REXX, GPORPDC Energy climbs after Gulfport reports Utica well results
Shares of PDC Energy (PDCE) are advancing after Gulfport Energy (GPOR) announced the results of a test of its well in the Utica Shale earlier today. PDC Energy also has a position in the Utica Shale. PDC Energy reported that its well had yielded an average sustained 18 hour rate of 28.5 MMCF per day of natural gas and 300 barrels of condensate per day. On September 20, PDC announced that it was no longer looking for a partner to help it develop its Utica property, but would seek to develop the property on its own. In mid-afternoon trading, PDC rose $1.59, or 4.90%, to $34.01, while Gulfport jumped $5.11, or 16.10%, to $36.84. Rex Energy (REXX), which also has exposure to the Utica Shale, gained 21c, or 1.68%, to $12.73.
News For PDCE;GPOR;REXX From The Last 14 Days
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May 18, 2015
10:01 EDTPDCEOn The Fly: Analyst Initiation Summary
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10:01 EDTGPOROn The Fly: Analyst Downgrade Summary
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07:57 EDTGPORTopeka highlights potential E&P takeover targets
Topeka continues to believe that the E&P companies most likely to be acquired are situated in the core areas in the Permian, Eagle Ford, Bakken, Niobrara and Marcellus/Utica. The firm highlights Cabot Oil & Gas (COG), Energen (EGN), Diamondback Energy (FANG), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Magnum Hunter (MHR) and Oasis Petroleum (OAS) as potential takeout targets. It keeps Buy ratings on all the stocks named.
06:27 EDTGPORGulfport Energy downgraded to Sell from Neutral at Goldman
Goldman downgraded Gulfport Energy to Sell and reduced its price target to $34 due to pressures on Appalachia gas fundamentals.
05:49 EDTPDCEPDC Energy initiated with a Conviction Buy at Goldman
Target $77.
May 11, 2015
08:04 EDTPDCECredit Suisse to hold a symposium
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