Vancouver, British Columbia, September 14, 2010 -- Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) announces that Zacks Investment Research, an online financial investment data provider, has updated its rating on Dejour to "Outperform" based upon a higher confidence level of a successful drilling program at the Company's Woodrush project later this year, coupled with a more attractive valuation level of the stock.
Steven Ralston (CFA), Zacks analyst, commented on his blog "The company’s production profile should dramatically improve with the new wells. In addition, the removal of allowable production constraints is expected next year when the water flood project is completed. Our price target is $1.05.".
He further remarked that "significant fundamental events can considerably increase a stock’s valuation in a step-fashion. One such event would be Dejour’s achievement of positive profitability, in which case the stock could experience rapid price appreciation. We now expect the company to achieve profitability in the fourth quarter of 2010."
You can access the Zacks full research report on DEJ at the following link: