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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (561)4/29/1998 2:45:00 PM
From: Harold S.  Respond to of 1305
 
I agree 100%, in this case, remember that solomon <I believe> in their last research report on UTI not too long ago set a price target of 30 on it and that was with a rig fatality that reportedly occurred recently. They are bullish on the stock due to the recent aquisition and the general fundamentals of the stock. They also cite room for upside surprises to their EPS estimates. They, in that same research report, lowered this quarters estimates to 20 cents. That is 4 cents below the current consensus of 24 cents. If UTI can meet or beat the 24 cents then they will look very good in Solomon's eyes and may be prime for at least one upgrade.



To: 007 who wrote (561)4/29/1998 3:01:00 PM
From: drsvelte  Read Replies (1) | Respond to of 1305
 
On the other hand, just to be a contrarian, look what happened to FGII today. Blew away estimates yesterday after the close and is actually down today.

I was going to sell FGII after the open if it gapped up significantly, but it only opened up a point, so I sat tight. Still, had I sold I could've picked up at least 1 1/2 points. I think I will hold UTI, and perhaps look to do the same thing depending on a gap.

I sure hope they don't pull a stunt like MDCO.


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