Baird Expands Energy E&P Research Coverage

MILWAUKEE, December 13, 2011 


Baird, an employee-owned, international capital markets, private equity, wealth and asset management firm, today announced that it has expanded its research coverage of energy exploration and production (“E&P”), with Senior Research Analyst Michael A. Hall initiating coverage on 15 stocks. The expanded coverage is the latest development in the continued growth of Baird’s Energy sector expertise across its Capital Markets platform.

Hall, who joined Baird in October and is based in the firm’s Denver office, initiated coverage on the following companies: Anadarko Petroleum Corporation (APC), Apache Corporation (APA), Cabot Oil & Gas Corporation (COG), Carrizo Oil & Gas Inc. (CRZO), Chesapeake Energy Corporation (CHK), Comstock Resources, Inc. (CRK), EXCO Resources Inc. (XCO), Forest Oil Corporation (FST), Goodrich Petroleum Corporation (GDP), Noble Energy Inc (NBL), Oasis Petroleum Inc (OAS), Pioneer Natural Resources Co (PXD), Rosetta Resources Inc (ROSE), SM Energy Co. (SM), Swift Energy Company (SFY).

“Michael’s expertise complements Baird’s existing E&P, Energy MLP, energy policy and utility research,” said Jon Langenfeld, Director of Equity Research. “Over the past two years, we have significantly expanded our expertise in the Energy sector, and will continue to do so.”

Baird now covers a total of 56 E&P and MLP companies, including 13 covered by Senior Research Analyst Hsulin Peng. In addition to Hall and Peng, Baird’s energy and utilities research team includes Ethan Bellamy, Master Limited Partnerships & US Royalty Trusts; David Parker, Utilities; and Christine Tezak, Energy & Environmental Policy.

Michael A. Hall, CFA Biography
Hall has eight years of experience covering E&P companies most recently at Wells Fargo Securities, LLC. He received a BA in Business Administration with a concentration in Finance from Colorado State University.

About Baird’s Equity Research Team
Baird’s Equity Research Department consists of approximately 110 research professionals covering more than 675 companies. Baird analysts have been recognized repeatedly in The Wall Street Journal’s annual “Best on the Street” survey and in StarMine’s annual top analyst rankings. In 2011, Baird was awarded a No. 1 ranking by Greenwich Associates for U.S. Small- and Mid-Cap Equities for Research/Advisory Penetration, Sales Quality and Research and Analyst Quality.

About Baird
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,600 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of $89 billion. Committed to being a great place to work, Baird ranked number 14 on FORTUNE’s “100 Best Companies to Work For” in 2011 – its eighth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s private equity operations. For more information, please visit Baird’s Web site at