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Enter Symbol:
 
Lufkin Industries, Inc. (LUFK) [hlAlert]

Rating:
Accumulate
LUFK
up 57.17 %

Lufkin Industries, Inc. (LUFK) upgraded to Accumulate with price target $62 by Global Hunter Securities

Posted on: Monday,  Sep 24, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Accumulate Lufkin Industries, Inc. (NASDAQ: LUFK) on 09/24/2012, when the stock price was $56.30.
Since then, Lufkin Industries, Inc. has gained 57.18% as of 07/01/2013's recent price of $88.49.
If you would have followed this Global Hunter Securities's recommendation on LUFK, you would have gained 57.17% of your investment in 280 days.

Lufkin Industries, Inc., is a supplier of oil field and power transmission products. The Company is divided into two operating segments: Oil Field and Power Transmission. Through its Oil Field segment, the Company manufactures and services artificial reciprocating rod lift equipment and related products, which are used to extract crude oil and other fluids from wells. Through its Power Transmission segment, the Company manufactures and services high-speed and low-speed increasing and reducing gearboxes for industrial applications. In January 2008, the Company announced the decision to suspend its participation in the commercial trailer markets and to develop a plan to run-out existing inventories, fulfil contractual obligations and close all trailer facilities. In March 2009, the Company acquired International Lift Systems, LLC (ILS), a manufacturer of artificial lift systems serving oil and gas companies. In July 2009, the Company acquired Rotating Machinery Technology, Inc.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2012 9:25 AM Buy
None
56.30 62.00
as of 12/31/2012
1 Week up  3.58 %
1 Month up  6.15 %
3 Months up  8.00 %
1 YTD up  18.52 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2012 8:25 AM Hold
None
77.59 85.00
10/24/2011 8:25 AM Buy
None
53.24 68.00

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