Mississauga, ON -- (ReleaseWire) -- 05/09/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Calmena Makes Good on Debt Payment through Divestures.” Companies mentioned in this article include Calmena Energy Services (TSX:CEZ).
By large, energy services plays have had a strong 2014 already, which has led to plenty of analysts offering price target and opinion changes this year. The shale revolution in the United States has been a key driver for many stocks, although some companies are now viewed as being a little heavy in their valuations upon a more discerning look at overall fundamentals. For instance, Jefferies late in February cited high capex requirements and the age of fleet in downgrading Basic Energy Services (NYSE:BAS) from hold to underperform, although the firm did raise its price target from $13.50 to $16.00. Shares are currently at $25.55. Imperial Capital this week lowered its price target on Key Energy Services (NYSE:KEG) from $11.00 to $10.50, following Barclays lowering its target for Key from $12.00 to $11.00 last week. Zacks actually upgraded its rating on Key from underperform to neutral with a $10.10 price target. In the last 12 days, shares of KEG have sunk from a high of $10.52 to trade at $8.33 in Friday action. C&J Energy Services (NASDAQ:CJES) is one that has been getting love from analysts, with Global Hunter Securities issuing a buy rating on Monday on the stock. Barclays has an overweight rating on CJES and a $35 price target for the stock that is up 37 percent this year to $31.07 in trading today.
Calgary’s Calmena Energy Services (TSX:CEZ) is one energy services company that certainly hasn’t enjoyed a rising valuation as part of the North American oil and gas boom. The company, which provides well construction services to its customers operating in Canada, the United States, Latin America and the Middle East and North Africa, is struggling to keep its head above water as it explores strategic opportunities to either get its rigs employed or divest assets to pay its debt.
The full version of this article can be found at:
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note: AllPennyStocks.com has not received compensation for carrying the above-mentioned company; a full disclaimer can be viewed here: http://www.allpennystocks.com/aps_common/disclaimer.asp.