Barclays Capital Lowers Price Target on Copano Energy, L.L.C. (CPNO)

By admin | 6 years ago

Equities researchers at Barclays Capital (NYSE: BCS) cut their target price on shares of Copano Energy, L.L.C. (NASDAQ: CPNO) from $37.00 to $31.00 in a report issued on Friday. The firm currently has an “equal weight” rating on the stock.

Copano Energy, L.L.C. traded down 0.14% on Friday, hitting $29.58. Copano Energy, L.L.C. has a 52-week low of $26.08 and a 52-week high of $38.03. The company’s market cap is $1.962 billion.

Copano Energy, L.L.C. last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($2.20) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $2.17. Copano Energy, L.L.C.’s revenue was up 16.3% compared to the same quarter last year. Analysts expect that Copano Energy, L.L.C. will post $0.23 EPS next quarter.

A number of other firms have also recently commented on CPNO. Analysts at Ladenburg Thalmann cut their price target on shares of Copano Energy, L.L.C. from $40.00 to $38.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Copano Energy, L.L.C. in a research note to investors on Tuesday, April 17th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, analysts at Morgan Keegan downgraded shares of Copano Energy, L.L.C. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, March 2nd. They now have a $38.00 price target on the stock, down previously from $39.00.

Copano Energy, LLC. (Copano) is an energy company engaged in the business of providing midstream services to natural gas producers, including natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning and fractionation services.

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