Stephen Berman

The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." RBC: Slashing LinnCo Price Target Last week, John Ragozzino of RBC Capital Markets downgraded shares of LinnCo LLC (NASDAQ: LNCO) to Sector Perform...

Canaccord Genuity on Friday issued a report downgrading Whiting Petroleum Corp (NYSE: WLL) from Buy to Hold based on the dilution from recent equity offerings. Canaccord also lowered its price target for Whiting Petroleum from $35 to $34. Analyst Stephen Berman and Sam Burwell wrote, "The dilutive...

In a report published Thursday, Canaccord Genuity analyst Stephen Berman reiterated a Buy rating and $2.00 price target on Emerald Oil Inc. (NYSE: EOX). In the report, Canacord Genuity noted, "EOX has ~122K net acres (80% operated) in the Williston Basin (WB), a very meaningful position for a...

In a report published Wednesday, Canaccord Genuity analyst Stephen Berman downgraded the rating on Halcon Resources. (NYSE: HK) from Buy to Hold, and lowered the price target from $7.00 to $6.00. In the report, Canaccord Genuity noted, “HK has built positions in some of the leading liquids-rich...

In a report published Thursday, Canaccord Genuity analyst Stephen Berman downgraded Oasis Petroleum (NYSE: OAS) from Buy to Hold, but reiterated the $45.00 price target. In the report, Canaccord Genuity noted, “With ~335K net Bakken/Three Forks (TF) acres, of which ~305K are considered core,...

In a report published Wednesday, Canaccord Genuity analyst Stephen Berman downgraded Endeavour International (NYSE: END) from Buy to Hold, but reiterated the $5.00 price target. In the report, Canaccord Genuity noted, “END's production growth, driven by its North Sea operations, is set to...

In a report published on Wednesday, Canaccord analyst Stephen Berman initiated EPL Oil & Gas (NYSE: EPL) at a Hold Rating and a price target of $35. In the report, Canaccord noted, "As a result of several smart acquisitions beginning in 2011, which doubled the size of the company, and a...

Pritchard Capital Partners analyst Stephen Berman initiated coverage of Kodiak Oil & Gas Corp. (AMEX: KOG) with a Buy rating and price target of $5 per share. Among the Bakken Shale players, Kodiak Oil & Gas Corp. has one of the highest production growth rate forecasts. The analyst said...

Pritchard Capital Partners analyst Stephen Berman initiated coverage of American Oil & Gas Inc. (AMEX: AEZ) with a Buy rating and a price target of $8.50 per share. The stock was trading on Tuesday morning at $7.55 per share. Berman said that American Oil & Gas Inc. is a pure play on the...