Zacks Investment Research upgraded shares of GEOMET INC (GMET) from UNDERPERFORM to NEUTRAL on June 19, 2012, with a target price of $0.40.
GEOMET INC., is an independent energy company primarily engaged in the exploration for and development and production of natural gas from coal seams (coalbed methane or CBM) and non-conventional shallow gas. Geomet's principal operations and producing properties are located in the Cahaba Basin in Alabama and the Central Appalachian Basin in West Virginia and Virginia. Geomet also controls additional coalbed methane and oil and gas development rights, principally in Alabama, British Columbia, Virginia, and West Virginia.
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