Edward Westlake

In a report published Wednesday, Credit Suisse analyst Edward Westlake reiterated an Outperform rating on Marathon Petroleum Corp (NYSE: MPC), and raised the price target from $105.00 to $125.00. In the report, Credit Suisse noted, "As we argued last week, persistent refiner free cashflow, from an...

Chevron Corporation's (NYSE: CVX) plans to see sales from its Australian Gorgon gas project commence by the middle of this year is a key element in its plan to improve cash flow. Credit Suisse's Edward Westlake said this, and deliveries from the company's Australian Wheatstone LNG...

In a report published Friday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Occidental Petroleum Corporation (NYSE: OXY), and raised the price target from $76.00 to $78.00. In the report, Credit Suisse noted, “OXY is well positioned for this down-turn with $1bn of net cash on...

In a report published Friday, Credit Suisse analyst Edward Westlake reiterated an Underperform rating on Murphy Oil Corporation (NYSE: MUR), but lowered the price target from $44.00 to $42.00. In the report, Credit Suisse noted, “MUR delivered a record quarter in terms of production and announced...

In a report published Thursday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Hess Corporation (NYSE: HES), but lowered the price target from $72.00 to $70.00. In the report, Credit Suisse noted, “HES delivered strong operational results in the Bakken, Utica and offshore. Yet...

According to Credit Suisse analysts Edward Westlake and Zachary Deschaine, Chesapeake Energy Corporation (NYSE: CHK) is set to outperform the broader market. Amid several other downgrades, the firm upgraded the stock from Neutral to Outperform and raised its price target from $21 to $24 on Friday...

Credit Suisse downgraded Chevron Corporation (NYSE: CVX) to Neutral and Exxon Mobil Corporation (NYSE: XOM) to Underperform Friday. The firm cut is price target on Chevron from $130 to $115 and Exxon Mobil was cut from $90 to $82. Analysts Edward Westlake and Zachary Deschaine thought “...

In a report published Wednesday, Credit Suisse analyst Edward Westlake reiterated an Outperform rating on Tesoro Corporation (NYSE: TSO), and raised the price target from $86.00 to $100.00. In the report, Credit Suisse noted, “TSO has laid out a strategy to deliver >$3bn of EBITDA by 2017. Our...

In a report published Monday, Credit Suisse analyst Edward Westlake upgraded the rating on Phillips 66 (NYSE: PSX) from Neutral to Outperform, and reiterated the $95.00 price target. In the report, Credit Suisse noted, “PSX shares have underperformed peers on a correct market view that falling oil...

In a report published Friday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Occidental Petroleum Corporation (NYSE: OXY), but lowered the price target from $105.00 to $100.00. In the report, Credit Suisse noted, “OXY will demerge its California Resource Co Nov 30th and will...

In a report published Monday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Exxon Mobil Corporation (NYSE: XOM), and raised the price target from $95.00 to $100.00. In the report, Credit Suisse noted, “Over the summer, we outlined how different it was to be on the road with a...

In a report published Thursday, Credit Suisse analyst Edward Westlake reiterated an Outperform rating and $18.00 price target on Kosmos Energy Ltd (NYSE: KOS). In the report, Credit Suisse noted, “KOS unveiled details of its significant drilling targets on Wednesday. According to the company, the...

Hess Corp. (NYSE: HES) on Wednesday joined a long list of energy companies forming master limited partnerships tax-exempt, publicly traded operations that return nearly all profits to shareholders. Sometimes compared with real estate investment trusts, the partnerships must derive at least 90...

In a report released Friday, Credit Suisse analyst Edward Westlake downgraded HollyFrontier (NYSE: HFC) from Outperform to Neutral and lowered the price target from $63.30 to $50.00 per share. Analysts at Credit Suisse view global refiners as over-capacitated and doesn't favor the growing risk...

In a report published Friday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Delek US Holdings (NYSE: DK), and raised the price target from $36.00 to $40.00. In the report, Credit Suisse noted, “Back in January, we downgraded 3 refiner stocks to signal that investors were too...