- American Eagle Energy (AMZG +1%) is initiated with a Buy rating and $14 price target at Wunderlich, which foresees reduced costs and increased efficiency to result in higher reserves per well, better returns and shorter payback periods; while shares currently trade below peer average, the firm expects steady multiple expansion as AMZG continues to grow production and deliver strong returns.
- Canaccord also starts shares at Buy, with a $10 price target, as it likes the company for its inventory of relatively low-risk, high return Bakken/Three Forks well locations in the Williston Basin.
From other sites
at MarketWatch.com (Jan 2, 2015)
UPDATE: Wunderlich Securities Reiterates, Suspends PT On American Eagle Energy Until Crude Prices Improveat Benzinga.com (Jan 2, 2015)
at Investor's Business Daily (Dec 31, 2014)
at Benzinga.com (Dec 31, 2014)
at MarketWatch.com (Dec 31, 2014)
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