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Eagle and Beagle
Sunday, October 04, 2009 2:52 PM


(Source: The Daily Oklahoman)trackingBy Don Mecoy, The Oklahoman, Oklahoma City

Oct. 4--EAGLE When October rolled around, an Oklahoma ram turned into an eagle.

Shares of RAM Energy Resources, on the strength of an analyst's good report, added 45 percent to close Friday at $1.65.

Rodman and Renshaw analyst Jeffrey Hayden said the company's attractive stock price creates a "compelling opportunity" for investors. He noted that the company is trading at a steep discount compared with its peers, which makes its current stock price "really cheap."

The Tulsa oil and gas company also returned to the good graces of the Nasdaq Stock Market, avoiding a threatened removal for failing to maintain an adequate trading price.

That problem doesn't appear as though it's going to return for a while.

BEAGLE It's the eagle/beagle two-step for this week's poor performer.

Bronco Drilling, our biggest local gainer a week ago, returned to earth over the past five trading days. Shares of the Edmond drilling and energy services company fell 12 percent last week to close Friday at $6.16.

UBS' Thursday upgrade of its rating on BRNC from "sell" to "hold" couldn't prevent the weeklong tumble, or overcome the ratings downgrade a day later from Pritchard Capital Partners from "hold" to "sell."

The previous week's 19 percent gain came on the heels of yet another analyst's upgrade.

We're content to wait and see what the stock does on a week when no analyst issues an opinion.

Eagle and Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.

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Copyright (c) 2009, The Oklahoman, Oklahoma City

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NASDAQ-NMS:RAME, NASDAQ-NMS:BRNC,

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