Ralston still has a "hold" rating for DEJ in article released today 8/28.
It appears Zacks has 2 ratings ? One generic and one for microcaps ? Remember few months ago when Ralston/Microcaps rating was a buy, Zacks was a hold... Considering their track record, who cares ....
If you look at the Zacks story under the headlines @ 2:00 today, they're saying that today's reported numbers equate to an additional $250,000 in revenues in Q4.
(clip from Zacks article)
More importantly, the on-target production profile should be incorporated in the updated NI 51-101 reserve estimates expected to be completed at year-end. Also, natural gas prices are well above the prior report’s estimate of $2.33 per MCF for 2013.
What's changed from two weeks ago? The only analyst in the world to change the rating on a stock without publishing something. But we sure knew when it was downgraded.
IP's will be coming out shortly to corroborate the sentiment but am I the only one that feels this is a little sneaky? I'm also thinking that the additional $8.5M on Pg. 9 might have some attention. Pretty much telegraphing great IP's.
I wonder what they heard?
Their last rating of Neutral coincided with the earnings-the last piece of news we heard from he company- so clearly they have new info that we haven't received yet and clearly it is positive.
like I said, "woe be unto thee who sells his position now".