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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:33 EDTMUR, HES, OXY, COPExploration and production companies price targets raised at Wells Fargo
Wells Fargo increased its price target ranges on a number of international exploration and production companies based on the implications of the conflict in Iraq and the firm's belief that oil prices are more likely to be higher than lower from 2015-2017. The firm raised its price target on ConocoPhillips (COP) to $89-$96 from $85-$82, on Hess Corporation (HES) to $99-$105 from $85-$93, on Murphy Oil Corporation (MUR) to $74-$78 from $72-$76, and on Occidental Petroleum Corporation (OXY) to $116-$122 from $109-$116. The firm keeps Outperform ratings on ConocoPhillips, Murphy Oil and Occidental. It has a Market Perform rating on Hess.
News For COP;HES;MUR;OXY From The Last 14 Days
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July 27, 2015
05:52 EDTCOPStocks with implied volatility movement; COX COP
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July 26, 2015
18:42 EDTCOPConocoPhillips plans 'thousands' of additional layoffs, WSJ says
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July 22, 2015
10:01 EDTMUR, HESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
07:54 EDTHESHess Corp. upgraded to Outperform from Neutral at Credit Suisse
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06:39 EDTCOPEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:25 EDTMURMurphy Oil upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse assumed coverage on Murphy Oil with a Neutral rating from an Underperform rating and raised its price target to $47 from $44.
July 16, 2015
19:07 EDTCOPConocoPhillips provides notice of termination for ENSCO DS-9 drillship contract
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16:22 EDTCOPConocoPhillips terminates contract for Ensco DS-9 drill ship, expects Q3 charge
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16:19 EDTCOPConocoPhillips to reduce deepwater exploration spending, sees Q3 charge
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16:16 EDTCOPConocoPhillips raises quarterly dividend 1c to 74c per share
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05:48 EDTCOPStocks with implied volatility above IV index mean; YY COP
Stocks with implied volatility above IV index mean; YY Inc. (YY) 47, ConocoPhillips (COP) 24 according to iVolatility.
July 15, 2015
06:25 EDTCOPMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link

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