Zacks Investment Research upgraded shares of ATP OIL & GAS (ATPG) from UNDERPERFORM to NEUTRAL on July 18, 2012, with a target price of $3.40.
ATP OIL & GAS is engaged in the acquisition, development and production of natural gas and oil properties in the outer continental shelf of the Gulf of Mexico, in the shallow-deep waters of the Gulf of Mexico and in the Southern Gas Basin of the U.K. North Sea. They primarily focus their efforts on natural gas and oil properties with proved undeveloped reserves that are economically attractive but are not strategic to major or exploration-oriented independent oil and gas companies.
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