Fx Energy, Inc. (FXEN) rated Mkt Outperform with price target $10 by Rodman & Renshaw
Rodman & Renshaw rated Mkt Outperform Fx Energy, Inc. (NASDAQ: FXEN) on 05/12/2011, when the stock price was $7.30.
Since then, Fx Energy, Inc. has lost 55.75% as of 12/05/2013's recent price of $3.23. If you would have followed this Rodman & Renshaw's recommendation on FXEN, you would have lost 55.75% of your investment in 938 days.
FX Energy, Inc. is an independent gas and oil exploration and production company with principal production, reserves, and exploration activities in Poland and United States. During the year ended December 31, 2008, the Company held gas and oil exploration rights in Poland in nine separately designated project areas encompassing approximately 5.4 million gross acres. The Company owns 100% working interest in approximately 4.3 million gross acres. The Company?s oil interests in the United States consist of shallow, oil producing wells in the CutBank Oil Field of Montana. During 2008, the United States reserves were estimated at 45,000 barrels of crude oil.
Rodman & Renshaw
is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.