McMoRan Exploration Co. (MMR)

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McMoRan Expl Stock Rating Reaffirmed by Jefferies Group (MMR)

McMoRan Expl Stock Rating Reaffirmed by Jefferies Group (MMR)

Jefferies Group reiterated their hold rating on shares of McMoRan Expl (NYSE: MMR) in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on MMR. Analysts at Guggenheim initiated coverage on shares of McMoRan Expl in a research note to investors on Thursday, October 18th. They set a buy rating on the stock. Analysts at Susquehanna reiterated a positive rating on shares of McMoRan Expl in a research note to investors on Wednesday, October 3rd. They now have a $18.00 price target on the stock.

McMoRan Expl opened at 12.50 on Tuesday. McMoRan Expl has a 1-year low of $7.76 and a 1-year high of $16.57. The company’s market cap is $2.025 billion.

McMoRan Expl last released its earnings data on Friday, October 19th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.27. The company’s quarterly revenue was down 33.6% on a year-over-year basis. Analystsexpect that McMoRan Expl will post $-0.61 EPS for the current fiscal year.

McMoRan Exploration Co (McMoRan) is engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area of the United States.