Gregory Lewis

According to Credit Suisse analyst Gregory Lewis, 2015 may end up being a year to remember for tanker investors. In a new report, Lewis discusses exactly why Credit Suisse is so bullish on several tanker names. Muted Downturn Now that Q2 has provided some additional clarity of the tanker...

In a report published Thursday, Credit Suisse analyst Gregory Lewis reiterated a Neutral rating and $30.00 price target on Ensco PLC (NYSE: ESV). In the report, Credit Suisse noted, "We are lowering our 2015/2016 EPS estimates to $4.33/$3.27 (from $4.57/$3.29) to account for updated utilization and...

In a report published Friday, Credit Suisse analyst Gregory Lewis reiterated an Outperform rating on GasLog Partners LP (NYSE: GLOP), but lowered the price target from $40.00 to $32.00. In the report, Credit Suisse noted, “Lowering target price to $32 (from $40). Our $32 TP equates to a 6% target...

In a report published Monday, Credit Suisse analyst Gregory Lewis reiterated a Neutral rating on Seadrill Ltd (NYSE: SDRL), but lowered the price target from $20.00 to $15.00. In the report, Credit Suisse noted, “With the suspension of the dividend, SDRL is now the only deepwater offshore driller...

In a report published Friday, Credit Suisse analyst Gregory Lewis reiterated an Outperform rating on Pacific Drilling SA (NYSE: PACD), but lowered the price target from $10.00 to $8.00. In the report, Credit Suisse noted, “PACD took delivery of the Pacific Meltem, the company's 7th drillship, in...

On Wednesday, analysts at Credit Suisse lowered the price target on shares of Seadrill Ltd (NYSE: SDRL) from $30 to $20 and maintained a Neutral rating. Gregory Lewis finds the company is preparing for an extended downcycle; consequently the company had to suspend its dividend. "With the...

In a report published Wednesday, Credit Suisse analyst Gregory Lewis upgraded the rating on Seaspan Corporation (NYSE: SSW) from Underperform to Neutral, and raised the price target from $20.00 to $21.00. In the report, Credit Suisse noted, “With a 7% dividend yield and our expectation that SSW...

In a report published Monday, Credit Suisse analyst Gregory Lewis initiated coverage on Nordic American Offshore Ltd. (NYSE: NAO) with an Outperform rating and $22.00 price target. In the report, Credit Suisse noted, “Unlike existing public OSV companies, NAO's focus is to return all cash flow from...

In a report published Monday, Credit Suisse analyst Gregory Lewis initiated coverage on GasLog Partners LP (NYSE: GLOP) with an Outperform rating and $30.00 price target. In the report, Credit Suisse noted, “Initiating coverage of GasLog Partners (GLOP) with an outperform rating and a $30 target...

In a report published Tuesday, Credit Suisse analyst Gregory Lewis reiterated a Neutral rating on Hercules Offshore (NASDAQ: HERO), but lowered the price target from $7.00 to $5.00. In the report, Credit Suisse noted, “Just about a year after HERO reactivated the 209 in the US GoM, the rig is...

In a report published Thursday, Credit Suisse analyst Gregory Lewis upgraded the rating on Teekay (NYSE: TK) from Neutral to Outperform, and raised the price target from $56.00 to $80.00. In the report, Credit Suisse noted, “While the stock is up 15% YTD and 27% the last 3 months (we missed that...

In a report published Friday, Credit Suisse analyst Gregory Lewis reviewed the “Beaten, Battered and Bruised” offshore drillers. Lewis noted that offshore drillers are underperforming the OSX in 2014 by approximately 3% year-to-date, after a disappointing 2013, where the sector underperformed by...

In a report published Monday, Credit Suisse analyst Gregory Lewis initiated coverage on Scorpio Bulkers (NYSE: SALT) with an Outperform rating and $14.00 price target. According to the report, it is believed SALT is in a strong position to take advantage of the pending dry bulk up-cycle with an...