Is Now The Time To Invest In United Rentals, Inc.(NYSE:URI), Continental Resources, Inc.(NYSE:CLR) and BreitBurn Energy Partners L.P.(NASDAQ:BBEP)?
New York, NY – GDP INSIDER – 01/06/2015.
This article discusses three companies: United Rentals, Inc.(NYSE:URI), Continental Resources, Inc.(NYSE:CLR) and BreitBurn Energy Partners L.P.(NASDAQ:BBEP)
United Rentals, Inc.(NYSE:URI) plummeted 10.95% during yesterday’s trading to close the day at $92.25. The $11.34 loss per share moved the stock 24.13% above its 52-week low of $74.32 and 23.02% away from its 52-week high of $119.83. In a research report released yesterday, analysts at Evercore ISI cut down their price target to $87 from $123 and downgraded the stock from BUY to SELL. On the very same day, analysts at Morgan Stanley downgraded the stock from BUY to HOLD while the analysts at Evercore Partners Inc reiterated their SELL rating on the stock. United Rentals, Inc now holds a target price of $126.40 and analysts’ mean recommendation of 1.90 or HOLD.
Recently, analysts at Stifel Nicolaus reiterated its BUY rating on Continental Resources, Inc.(NYSE:CLR) shares and cut down its price target to $50 from $55. On December 30, analysts at Zacks downgraded the stock to an ‘underperform’ rating from a ‘neutral’ rating with a price target of $36.30. Continental Resources, Inc saw a decline of 10.67% in its value due to plummeting oil prices and close the day at $34.65. The ticker now stands at a weekly performance of -9.46%, a monthly performance of -12.745 and a quarterly performance of -45%.
BreitBurn Energy Partners L.P.(NASDAQ:BBEP) saw a decline of 10.62% during yesterday’s trading as the stock fell $0.81 to close the day at $6.82. The company has a forward annual dividend rate of $2.08, trailing annual dividend rate of $2 and 5-year average dividend yield of 11.20%. Recently, analysts at JP Morgan downgraded their rating on the stock to ‘Neutral’ and cut down their price target to $9 per share from $21. It has now an analysts’ mean recommendation of 2.30 and a target price of $17.13. BreitBurn Energy Partners L.P has a 50-day moving average of 10.22 and 200-day moving average of 17.91.
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