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Enter Symbol:
 
Nuverra Environmental Solutions Inc. (NES) [hlAlert]

Rating:
Neutral HEK
down 56.62 %

HECKMANN CORPORATION (HEK) downgraded to Neutral by Boenning & Scattergood

Posted on: Tuesday,  Aug 7, 2012  8:36 PM ET by Boenning & Scattergood

Boenning & Scattergood rated Neutral Nuverra Environmental Solutions Inc. (NYSE: NES) on 08/07/2012. Previously Boenning & Scattergood rated Outperform Nuverra Environmental Solutions Inc. (NYSE:
NES) on 03/23/2011., when the stock price was $63.40. Since then, Nuverra Environmental Solutions Inc. has lost 56.62% as of 08/07/2012's recent price of $27.50.
If you would have followed the previous Boenning & Scattergood's recommendation on NES, you would have lost 56.62% of your investment in 503 days.

Heckmann Corporation (Heckmann) was a blank check company whose objective was to acquire, through a merger, stock exchange, asset acquisition, reorganization or similar business combination, one or more operating business or businesses. The Company completed the acquisition of China Water & Drinks, Inc. (China Water), a bottled water company operating in the People?s Republic of China (China), on October 30, 2008. China Water became a wholly owned subsidiary of Heckmann. On May 19, 2008, the Company, and Heckmann Acquisition II Corp., and the Company?s wholly-owned subsidiary (Acquisition Sub), entered into an agreement and merger and reorganization (the Merger Agreement) with China Water and Drinks Inc. China Water produces bottled water products at facilities in the cities of Beijing, Guangzhou (Guangdong Province), Changchun (Jilin Province), Feixian (Shandong Province), Nanning (Guangxi Province), Shenyang (Liaoning Province) and Changsha (Hunan Province).

Our equity research team concentrates on companies that aren’t widely covered in sectors such as water distribution/equipment/technology, financial services, business services, aerospace & defense technology, medical technology and retail.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2012 8:36 PM Hold
None
27.50
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/23/2011 8:25 AM Buy
None
63.40 75.00

(*) Stock Price at the time of the recommendation.
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