Zacks Investment Research downgraded shares of GEORESOURCES (GEOI) from OUTPERFORM to NEUTRAL on February 08, 2012, with a target price of $35.70.
GEORESOURCES is a natural resources company engaged principally in the following two business segments: 1) oil and gas exploration, development and production and 2) mining of leonardite (oxidized lignite coal) and manufacturing of leonardite based products which are sold primarily as oil and gas drilling mud additives. In addition to originating its own prospects, they occasionally participate in exploratory and development prospects originated by other individuals and companies.
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