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JPMorgan On Large Cap E&P: Anadarko, Antero Upgraded; EP Energy, Southwestern Downgraded
Friday, April 15, 2016 - 9:38am | 596Read More...JPMorgan has revised ratings on several large-cap exploration and production companies, primarily on the 71 percent rally of E&P equities in its coverage over the past six weeks, as oil prices have climbed about 34 percent from its February lows. Analysts, including Arun Jayaram, "favor...
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Simmons & Co Says E&P Names Are Mispriced, Picks 9 Favorites To Play
Thursday, April 14, 2016 - 9:48am | 398Read More...Simmons & Co is upping EPS estimates and price targets for oil & gas E&P stocks. According to analyst Pearce Hammond, the firm’s new estimates reflect a mark-to-market update to the forward curve through 2018. “Our E&P coverage universe (mkt cap weighted) now offers ~13...
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As Oil Rebounds, This MLP ETF Blazes A Comeback Trail
Thursday, April 14, 2016 - 8:44am | 574Read More...There was a time when many income investors scurried into master limited partnerships (MLPs) and the corresponding exchange-traded funds searching for yield amid low U.S. interest rates. Part of their motivation was the belief that because most MLPs are not involved in the exploration and...
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National Oilwell Says Q1 Revenue Will Be Down 20%, Slashes Divided To $0.05/Share From $0.46/Share
Monday, April 11, 2016 - 10:38am | 236Read More...Shares of National-Oilwell Varco, Inc. (NYSE: NOV) fell more than 6 percent on Monday after the company provided an update to its revenue outlook and a change to its dividend. National-Oilwell said it expects its first quarter revenue to fall 20 percent year-over-year from $2.7 billion a year...
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Barclays Downgrades Range Resources To Underweight
Thursday, March 24, 2016 - 9:06am | 238Read More...On Thursday, Barclays issued a company note on Range Resources Corp. (NYSE: RRC) amid the global turmoil in the oil and gas industry. Analysts at Barclays downgraded Range Resources from Equal Weight to Underweight and lowered the price target to $24. Thomas Driscoll, an analyst at Barclays, wrote...
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This E&P ETF Is Just Crushing It
Tuesday, March 22, 2016 - 8:20am | 530Read More...Commodities, including oil, got some support last week when the Federal Reserve declined to raise interest rates. Oil's recent rally is borderline silly, as evidenced by the United States Oil Fund LP (ETF) (NYSE: USO), which is higher by almost 19 percent over the past month. Some equity-based...
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Why Does The EU Want More Info On Halliburton's Baker Hughes Buyout?
Monday, March 21, 2016 - 2:23pm | 300Read More...Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) have been in buyout talks for quite some time now, and the road to a Baker Hughes buyout has not been smooth. Once more, the European Union has stepped in and delayed the merger review for the proposed takeover. Citing...
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Short Sellers Are In A Pickle With Energy Stocks, ETFs
Monday, March 21, 2016 - 1:10pm | 491Read More...The Energy Select Sector SPDR (ETF) (NYSE: XLE), the largest equity-based exchange-traded fund tracking the energy sector, is up nearly 12 percent over the past month. XLE's exploration and production and more volatile counterpart, the SPDR S&P Oil & Gas Exploration & Prod. (ETF) (...
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Leveraged Energy ETF Rises Again
Friday, March 18, 2016 - 4:01pm | 583Read More...Neither oil's rally and nor the corresponding move in energy equities are short of doubters. That does not change the fact that the energy sector, the worst performer in the S&P 500 in each of the past two years, has been a freight train to not get in front of in recent weeks. Over the past...
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How Much Of An Impact Is Oil Having On Credit Markets?
Tuesday, March 8, 2016 - 2:36pm | 317Read More...In a new report, Deutsche Bank analyst Ed Reardon discussed the impact that low oil prices are having on credit markets. Low oil prices are hurting the high-yield energy credit market, but consumer credit and aviation debt markets have benefited. Deutsche Bank is now projecting $33/bbl for Brent...
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Miners Sell Off After Bonanza Creek Downgrade, Vale Partnership
Tuesday, March 8, 2016 - 11:42am | 406Read More...Bonanza Creek Energy Inc (NYSE: BCEI) is down 15 percent in early trading Tuesday, on the back of recent downgrades and news within the space. Northland Securities downgraded Bonanza last month from Outperform to Market Perform, and on Tuesday, Credit Suisse circulated a research note regarding...
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EP Energy, Bonanza Creek Selling Off After Credit Suisse Thesis
Tuesday, March 8, 2016 - 10:12am | 403Read More...EP Energy Corp (NYSE: EPE) and Bonanza Creek Energy Inc (NYSE: BCEI) are selling off following an early morning research note by Credit Suisse. According to Credit Suisse analysts, E&P (exploration and production) "struggled" on the capex front throughout 2015, citing low crude...
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Anadarko Is Considered A 'Top Pick' By Some
Wednesday, March 2, 2016 - 10:36am | 285Read More...Macquarie's Paul Grigel maintained an Outperform rating on Anadarko Petroleum Corporation (NYSE: APC), with a price target of $60, while naming the stock as Macquarie's Top Pick in the U.S. E&P segment. "Anadarko continues to maintain a defensive posture on the outlook for commodity prices into...
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Barclays A Bear On Oil: Sees $37bbl At Most This Year
Thursday, January 28, 2016 - 2:47pm | 269Read More...Oil prices surged to new three-week highs on Thursday after Russian Energy Minister Alexander Novak said that Saudi Arabia had proposed a production cut of up to 5.0 percent to help support oil prices. However, despite the good news, Barclay’s analyst Thomas Driscoll maintains his bearish...
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Hess Trades Lower Following Preliminary Q4 Results
Wednesday, January 27, 2016 - 10:33am | 266Read More...Shares of Hess Corp. (NYSE: HES) were trading lower by more than 1.5 percent heading into Wednesday's opening bell after the company released its preliminary fourth quarter results. Hess expects a loss of $1.40 per share in the fourth quarter on revenue of $1.387 billion. Wall Street...
