Zacks Investment Research downgraded shares of Native American Energy Group, Inc. (NAGP) from OUTPERFORM to NEUTRAL on February 04, 2013, with a target price of $2.00.
Native American Energy Group Inc. is an energy resource development & management company with interests in tertiary oil recovery in Montana, coal-bed methane recovery in Alaska and vertical axis wind turbines. The company currently has five oil wells on four leased holdings that have been flow tested for commercial production and we expect significant oil sales in 2013. Our recommendation is Neutral with a price target of $2.00.
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