IO NewsWire

May 24, 2011 07:00 ET

American Petro-Hunter (OTCBB: AAPH) Given a "Buy" Rating and a $1.45 Price Target

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - May 24, 2011) - As oil prices continue to hover around the $100 mark, oil exploration and production (E&P) companies have a lower risk profile regardless of their size.

American Petro-Hunter, Inc. (OTCBB: AAPH) is a prime example of an E&P company benefiting from oil and gas prices' current levels. They have recently been given a "Buy" rating and 12 month price outlook of $1.45 by EquityNet Research.

Other notable oil and gas companies who are receiving the optimism of analysts are Harvest Natural Resources (NYSE: HNR) rated "Accumulate" by SMH Capital, EOG Resources, Inc (NYSE: EOG) rated a "Buy" by Wunderlich Securities, and SM Energy Company (NYSE: SM) upgraded to "Buy" from Stifel Nicolaus.

American Petro-Hunter, who recently broke ground and commenced drilling on their Oklahoma property, is aggressively working towards being an intermediate level oil and gas producer inside of 12 months. The company is also currently in production at the Poston Project in Trego County, Kansas.

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