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Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which...

  • Monday, February 11, 9:51 AM ET
    Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which sees weaker than expected earnings based on recent channel checks. "Valuations for the peer group reflect this unfavorable backdrop, and we believe HEK shares are likely to follow suit as earnings and valuation expectations are reduced," the firm says.
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This news story has 6 comments:

  • Thanks for the Monday morning pick me up.........urgh. :(
    11 Feb, 10:02 AM Reply Like
  • sold a good chunk on friday on some lucky timing. these guys already had a $3 price target, so it's not like they've just changed their general take on HEK. something to be concerned about, but if you believe in HEK management, which i do, then this is also possibly a buying opportunity. personally, i'm looking to re-buy what i sold on friday.
    11 Feb, 10:07 AM Reply Like
  • I will wait for the bottom and buy more shares then sit on it for a long time.

    -Cheers.
    11 Feb, 03:03 PM Reply Like
  • I'm trying to figure out WHY they would state the above when (HEK) has great management vs SOOO many other companies. They are hooked into the boon of most of the Gas/Oil plays with the #1 thing all the drillers need that is the clean water & treatment of waste used water... not to mention a boost form the current admin retarded EPA mandates that attempt to put us back on Saudi Oil.

    M
    11 Feb, 06:20 PM Reply Like
  • I gotta wonder if Wedbush has a sizeable short position and the recent rise the the stock was squeezing them. With friends like them, who needs enemies?
    11 Feb, 10:01 PM Reply Like
  • Obviously, I am disappointed with the downward spiral today. But, I have the utmost confidence in the management team. I really and truly believe, in a couple of years this stock, will be roaring like a hungry lion. Likewise MHR, with a Welsh American (Gary Evans) at the helm it is a real possibility. Long HEK and MHR. To my American Brethren, THE BEST OF BRITISH LUCK.
    11 Feb, 10:07 PM Reply Like
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