BMO Capital Markets Cuts GeoResources to Market Perform (GEOI)
A number of other firms have also recently commented on GEOI. Analysts at Sterne Agee downgraded shares of GeoResources from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, May 2nd. Separately, analysts at Global Hunter Securities upgraded shares of GeoResources from an “accumulate” rating to a “buy” rating in a research note to investors on Thursday, March 15th. They now have a $39.00 price target on the stock, up previously from $35.00. Finally, analysts at Sidoti upgraded shares of GeoResources from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, March 6th.
Shares of GeoResources traded down 3.28% during mid-day trading on Tuesday, hitting $33.96. GeoResources has a one year low of $14.56 and a one year high of $37.41. The company has a market cap of $870.4 million and a P/E ratio of 25.11.
GeoResources, Inc. is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through an active and diversified program, which includes purchases of reserves, re-engineering, development and exploration activities focused in the Southwest, Gulf Coast and the Williston Basin areas of the United States.