-
Energen Vs. Range Resources: A Commodity Pair Trade From Morgan Stanley
Wednesday, January 24, 2018 - 4:16pm | 565Read More...Exploration and production companies are likely to update investors in their first-quarter reports on budgets and returning cash to shareholders, according to Morgan Stanley. The Analyst Morgan Stanley's Evan Calio. The Thesis The upcoming earnings season will likely show E&...
-
Morgan Stanley Upgrades Chevron On Long-Term Bullish Project Initiations, Permian Short-Cycle Benefits
Tuesday, November 1, 2016 - 8:59am | 345Read More...Chevron Corporation (NYSE: CVX) has “the most differentiated growth and free cash flow outlook,” Morgan Stanley’s Evan Calio said in a report. He upgraded the rating on the company from Equal Weight to Overweight, while raising the price target from $113 to $130. Chevron’s...
-
Morgan Stanley Discusses Energy Market Regulatory Impacts Under Trump Or Clinton Presidency
Thursday, October 20, 2016 - 12:58pm | 567Read More...Even as the energy companies look to savor the recent recovery in oil prices after a protracted slump, the U.S. presidential election is seen as posing the next big threat. Morgan Stanley has quickly moved in to quell the anxiety. In a research note released on Thursday, Morgan Stanley said the...
-
Morgan Stanley On Anadarko: Market Is Rewarding Unconventional Acquisitions
Tuesday, September 13, 2016 - 8:55am | 339Read More...Anadarko Petroleum Corporation (NYSE: APC) has bought assets in the Gulf of Mexico (GoM) for $2 billion in cash and decommissioning obligation. Morgan Stanley’s Evan Calio views this transaction as “highly accretive.” Calio maintains an Overweight rating on the company, while...
-
Marathon Oil Upgraded At Morgan Stanley To Overweight Amid 'Fastest Improving Unconventional Plays In The US'
Tuesday, June 21, 2016 - 9:12am | 219Read More...Marathon Oil Corporation (NYSE: MRO)'s recent STACK acquisitions add meaningful leverage to the “the fastest improving unconventional plays in the US, allowing for capital efficient growth into the next up-cycle,” according to Morgan Stanley’s Evan Calio. Calio upgraded the rating...
-
With Oil Prices Stabilizing, Morgan Stanley Upgrades Devon Energy
Tuesday, April 19, 2016 - 8:31am | 330Read More...Recent stabilization of the oil prices benefits companies like Devon Energy Corp (NYSE: DVN). upgraded the rating for the company from Equal-weight to Overweight, while raising the price target by 40 percent to $36. Oil Price Stabilization Analyst Evan Calio believes that the recent...
-
Valero, PBF Energy Among Morgan Stanley's Best Refining Ideas This Year
Friday, January 15, 2016 - 10:31am | 379Read More...Shares of Valero Energy Corporation (NYSE: VLO) and PBF Energy Inc (NYSE: PBF) have lost 5 percent over the last 5 trading days. Morgan Stanley's Evan Calio maintained an Overweight rating for Valero, while raising the rating for PBF Energy to Overweight. Calio expects refiners to...
-
Downgrade Alert: Morgan Stanley Is Warning Of 50% Downside In These E&P Stocks
Tuesday, January 12, 2016 - 11:22am | 430Read More...Shares of Marathon Oil Corporation (NYSE: MRO), Encana Corporation (USA) (NYSE: ECA), Canadian Natural Resource Ltd (USA) (NYSE: CNQ) and Whiting Petroleum Corp (NYSE: WLL) have been trending lower over the last 5 trading days. Morgan Stanley’s Evan Calio downgraded the ratings for...
-
Energy's Down Cycle Has Officially Had Its One-Year Anniversary
Monday, November 30, 2015 - 11:14am | 381Read More...Noble Energy, Inc. (NYSE: NBL) shares have plunged 23 percent year-to-date, while shares of Pioneer Natural Resources (NYSE: PXD) are down 3 percent. Morgan Stanley’s Evan Calio maintained Outperform ratings on both the companies. Black Friday marked the first anniversary of the...
-
Morgan Stanley Rethinks E&P Stocks, Slashes Estimates For Crude Oil
Friday, September 4, 2015 - 7:57am | 429Read More...The Energy Select Sector SPDR (NYSE: XLE) has declined 18 percent this year and 34 percent in the past 52 weeks. Following an energy summit this week, Morgan Stanley analysts are revising lower their estimates for WTI and Brent Crude Oil, particularly in 2017. In 2017, Morgan Stanley now...
-
Morgan Stanley Reiterates Equal-Weight, Raises Price Target On Devon Energy On 4Q14 Production Beat, EPS Miss
Wednesday, February 18, 2015 - 11:17am | 129Read More...In a report published Wednesday, Morgan Stanley analyst Evan Calio reiterated an Equal-Weight rating on Devon Energy Corp (NYSE: DVN), and raised the price target from $60.00 to $62.00. In the report, Morgan Stanley noted, "DVN reported clean EPS of $0.83, below the Street's $1.05 and MS $0.94....
-
Analysts: Chevron's Key Is Cash Flow
Monday, February 2, 2015 - 1:44pm | 299Read More...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...
-
Morgan Stanley Has Positive Outlook On Occidental Petroleum Corporation
Friday, October 3, 2014 - 8:28am | 180Read More...In a report published Friday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $120.00 price target on Occidental Petroleum Corporation (NYSE: OXY). In the report, Morgan Stanley noted, “With the Large Cap E&Ps having pulled back 10% since 9/1/14 (vs WTI down 5% and SPX...
-
Morgan Stanley Sees Major Growth Projects On-Track For Chevron Corporation
Tuesday, September 23, 2014 - 9:04am | 81Read More...In a report published Tuesday, Morgan Stanley analyst Evan Calio reiterated an Equal-Weight rating and $140.00 price target on Chevron Corporation (NYSE: CVX). In the report, Morgan Stanley noted, “We hosted an Investor lunch with CEO and Chairman of CVX, John Watson. Key take-aways included:...
-
UPDATE: Morgan Stanley Upgrades Occidental Petroleum
Monday, August 4, 2014 - 8:43am | 124Read More...In a note released Monday, Morgan Stanley analyst Evan Calio issued a note in which he upgraded shares of Occidental Petroleum (NYSE: OXY) from Equal-weight to Overweight and raised the price target from $110 to $120. Calio stated, "We believe Occidental Petroleum's restructuring will...
