Zacks Investment Research downgraded shares of MAGELLAN PETE (MPET) from N/A to NEUTRAL on July 02, 2014, with a target price of $2.30.
MAGELLAN PETROLEUM CORP. is engaged directly and through its majority-owned subsidiary, in the sale of oil and gas and the exploration for and development of oil and gas reserves. At June 30, 1996, Co.'s principal asset was a 50.7% equity interest in its subsidiary, Magellan Petroleum Australia Limited.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on MAGELLAN PETE (MPET),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment