SOURCE: IO News Wire

IO News Wire

May 12, 2011 07:00 ET

US Based Oil and Gas Exploration Company Receiving Analyst Attention

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

NEW YORK, NY--(Marketwire - May 12, 2011) - Energy independence has increasingly been the focal point of news nationwide, analysts have been responding by upgrading many US based oil and gas companies to a more positive outlook as well as raising their price targets.

American Petro-Hunter (OTCBB: AAPH) currently trading at $.36 has a $1.02 price target set by Grass Roots Research. Range Resources Corp (NYSE: RRC), which has active wells in Oklahoma has recently been upgraded to "Accumulate" by Global Hunter Securities. Another player in oil and gas exploration and development is Newfield Exploration Co (NYSE: NFX) which was brought up to a "Buy" from a "Hold" by Canaccord Genuity. Devon Energy Corp (NYSE: DVN), the biggest of the group in terms of market cap, is marked as "Outperfom" by RBC Capital Markets.

American Petro-Hunter, which has a diversified and balanced portfolio, of producing assets in Kansas, leases in Oklahoma and a prospects California is focused on growth both organically and through key acquisitions. American Petro-Hunter is focused on low-risk, high-reward targets to ensure their vision of being a 1000 BOE producer is met in the intermediate future.

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