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Stock Market & Financial Investment News

News For CLR;FET;BAS From The Last 14 Days
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October 28, 2014
09:33 EDTCLRContinental Resources upgraded to Hold from Trim at Tudor Pickering
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07:13 EDTCLRContinental Resources volatility elevated into Q3 and lower energy prices
Continental Resources November call option implied volatility is at 51, December is at 47, January is at 44; compares to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 6.
06:11 EDTBASBasic Energy downgraded to Market Perform from Outperform at Wells Fargo
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06:04 EDTFETForum Energy downgraded to Equal Weight from Overweight at Morgan Stanley
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October 27, 2014
16:44 EDTFETForum Energy announces $150M share repurchase program
Forum Energy Technologies announced that its board has authorized a share repurchase program for the repurchase of outstanding shares of the company’s Common Stock having an aggregate purchase price of up to $150M.
10:00 EDTBAS, CLROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
07:38 EDTCLRUS E&P sector downgraded to Neutral from Attractive at Goldman
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07:38 EDTBASUS Oil Services sector downgraded to Cautious from Attractive at Goldman
Goldman downgraded the US Oil Services sector to Cautious based on a lower WTI price forecast of $74/bbl for 2015 and high management and investor expectations. As part of the sector cut, the firm upgraded Oceaneering Halliburton (OII) to Conviction Buy from Buy, downgraded Patterson-UTI (PTEN) to Neutral from Conviction Buy, downgraded Pioneer Energy (PES) and Emerge Energy (EMES) to Neutral from Buy and downgraded Basic Energy (BAS) and Diamond Offshore (DO) to Sell from Buy.
07:04 EDTCLRContinental Resources form joint venture with SK E&S Co subsidiary
Continental Resources announced it has formed a joint venture with a wholly-owned U.S. subsidiary of SK E&S Co. to develop Continental's Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Oklahoma. SK E&S is a subsidiary of SK Group, one of the largest conglomerates in South Korea and part of SK Holdings, a Fortune Global 100 company. Continental sold a 49.9% interest in approximately 44,000 net acres in the highly prospective Northwest Cana area of the Anadarko Woodford Shale play, including interests in 37 producing wells, for total consideration of approximately $360M. Continental received $90M at closing, and SK has committed to pay an additional $270M to carry 50% of Continental's remaining share of future drilling and completion costs. Continental anticipates no change in its 2014 and 2015 capital expenditures, its production mix of crude oil and natural gas, or its overall production targets as a result of this agreement.
06:34 EDTBASBasic Energy downgraded to Sell from Buy at Goldman
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06:10 EDTCLRContinental Resources downgraded to Neutral from Buy at Goldman
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October 24, 2014
05:10 EDTFETForum Energy sees Q4 EPS 45c-51c, consensus 53c
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05:09 EDTFETForum Energy reports Q3 adjusted EPS 52c, consensus 51c
Reports Q3 revenue $468.8M, consensus $462.27M.
October 23, 2014
19:16 EDTBASBasic Energy reports Q3 EPS 24c, consensus 26c
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10:01 EDTCLROn The Fly: Analyst Initiation Summary
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07:27 EDTCLRContinental Resources completes four new oil wells in Oklahoma play
Continental Resources reported operations in its recently unveiled Springer play in the South Central Oklahoma Oil Province. The four new wells had an average horizontal lateral length of approximately 4,475 feet. Continental expects estimated ultimate recovery of 940K gross Boe per well in the oil fairway of the play for a well with a 4,500-foot lateral section. In November, Continental plans to commence drilling its first extended lateral well in the Springer play, with a planned lateral length of 7,500 feet. The company expects an average EUR of approximately 1.6M gross Boe for extended lateral wells of this length, reflecting the 67% longer lateral. Continental's current Springer production is approximately 6K net Boe/d per day or 9.2K gross Boe/d, of which approximately 70% is crude oil. The company currently has nine operated drilling rigs active in the Springer play.
07:01 EDTCLRContinental Resources initiated with a Positive at Susquehanna
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October 17, 2014
10:00 EDTBASOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
08:02 EDTBASBasic Energy upgraded at Cowen
As previously reported Cowen upgraded Basic Energy to Outperform from Market Perform. The firm upgraded shares based on valuation and said shares reflect additional downside risk. Price target to $19 from $23.
07:03 EDTBASBasic Energy upgraded to Outperform from Market Perform at Cowen
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