A Canadian gold project developer and a U.S. bank holding company both received analyst upgrades, one of which has an implied upside of nearly 50%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Northern Frontier Corp | TSXV | FFF | 0.36 | 8.4 | Downgrade to market perform from speculative buy | Sarah Hughes | Cormark Securities Inc. | 0.75 | 108.3% |
| Northern Blizzard Resources Inc | TSX | NBZ | 9.10 | 931.9 | Downgrade to hold from buy | Aaron Bilkoski | TD Securities | 9.00 | -1.1% |
Cormark Securities Inc. downgraded Northern Frontier Corp (TSXV: FFF), engaged in acquiring and building facilities producing energy and energy related products from the oilsands, to market perform from speculative buy by reducing its price target to C$0.75 from C$2.25, indicating an upside of 108.3% from current levels.
Northern Blizzard Resources Inc (TSX: NBZ), engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada, was downgraded by TD Securities to hold from buy by reducing its price target to $9.00 from $10.00, indicating a downside of 1.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ultra Petroleum Corp | NYSE | UPL | 13.81 | 2,115.84 | Upgrade to neutral from sell | Michael Kelly | Global Hunter Securities | 14.00 | 1.4% |
| Superior Energy Services Inc | NYSE | SPN | 20.69 | 3,148.42 | Upgrade to accumulate from neutral | Mark Brown | Global Hunter Securities | 23.00 | 11.2% |
| RPC Inc | NYSE | RES | 13.61 | 2,975.17 | Upgrade to accumulate from neutral | Mark Brown | Global Hunter Securities | 15.00 | 10.2% |
| Tesoro Logistics LP | NYSE | TLLP | 55.58 | 4,453.40 | Initiate with buy | Shneur Z Gershuni | UBS | 62.00 | 11.6% |
| BreitBurn Energy Partners LP | NASDAQ | BBEP | 7.29 | 1,443.90 | Downgrade to neutral from buy | Shneur Z Gershuni | UBS | 8.00 | 9.7% |
Global Hunter Securities upgraded Ultra Petroleum Corp (NYSE: UPL), engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties, to neutral from sell with a price target of $14.00, indicating an upside potential of 1.4% from current levels.
Superior Energy Services Inc (NYSE: SPN), engaged in providing oilfield services and equipment to oil and gas companies, was upgraded by Global Hunter Securities to accumulate from neutral with a price target of $23.00, indicating an upside of 11.2% from current levels.
Global Hunter Securities upgraded RPC Inc (NYSE: RES), engaged in providing specialized oilfield services and equipment to independent and major oilfield companies, to accumulate from neutral with a price target of $15.00, indicating an upside of 10.2% from current levels.
UBS initiated coverage on Tesoro Logistics LP (NYSE: TLLP), engaged in acquiring, owning, operating and developing crude oil and refined products logistics assets, with a buy rating assigning a 12-month price target of $62.00, indicating an upside of 11.6% from current levels.
BreitBurn Energy Partners LP (NASDAQ: BBEP), engaged in the acquisition, exploitation and development of oil and gas properties, was downgraded by UBS to neutral from buy by reducing its price target to $8.00 from $16.00, indicating an upside of 9.7% from current levels.
