Kerr-McGee Corporation is engaged in the exploration and production of crude oil and natural gas. The Company is also engaged in chemical manufacturing. For the nine months ended 9/30/99, revenues increased 14% to $1.9 billion. Net income from continuing operations before accounting change totalled $36.5 million vs. a loss of $20.3 million. Revenues reflect higher crude oil and natural gas sales volume. Net income reflects higher margins and lower exploration costs. www.marketguide.com
12/16/1999 Banc of America Securities initiates coverage of oil and gas company with a "buy" rating and $73 price target.....
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