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Mariner Energy, Inc. (ME) [hlAlert]

Rating:
Buy ME
up 23.77 %

Mariner Energy, Inc. (ME) rated Buy with price target $11.50 by Jefferies & Co

Posted on: Tuesday,  Apr 14, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Mariner Energy, Inc. (NYSE: ME) on 04/14/2009, when the stock price was $9.38.
Since then, Mariner Energy, Inc. has gained 23.77% as of 11/10/2010's recent price of $11.61.
If you would have followed this Jefferies & Co's recommendation on ME, you would have gained 23.77% of your investment in 575 days.

Mariner Energy, Inc. (Mariner) is an independent oil and gas exploration, development, and production company. The Company operates in three principal geographic areas: Permian Basin, where it is an active driller in the prolific Spraberry field at depths between 6,000 and 10,000 feet; Gulf of Mexico Deepwater, where it has conducted exploration and development projects in water depths ranging from 1,300 feet up to 7,000 feet, and Gulf of Mexico Shelf, where it drills or participates in conventional shelf wells and deep shelf wells extending to 1,300 foot water depths. On December 19, 2008, Mariner acquired additional working interests in its property, Atwater Valley Block 426 (Bass Lite). On February 29, 2008 and December 1, 2008, Mariner acquired additional working interests in certain of its properties in the Spraberry field in the Permian Basin.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/14/2009 8:25 AM Buy
None
9.38 11.50
as of 12/31/2009
1 Week up  112.89 %
1 Month up  109.83 %
3 Months up  85.11 %
1 YTD up  179.85 %

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