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Stock Market & Financial Investment News

News Breaks
December 11, 2012
08:28 EDTCVX, FCX, MMRMcMoRan Exploration could go above $18 per shares, says Susquehanna
McMoRan Exploration (MMR) is being acauired by Freeport McMoRan (FCX) for $14.75 per share in cash plus royalty interest. Susquehanna believes the royalty interest stub could be worth $1.85-$3.70 per share and that near-term catalysts including onshore drilling success at its Lineham Creek well may support the value of the overriding interest portion of Freeport's (FCX) bid for the company. Susquehanna believes the success could push the price above its $18 price target. Shares are Positive rated.
News For MMR;FCX;CVX From The Last 14 Days
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April 28, 2015
10:05 EDTFCXOn The Fly: Analyst Upgrade Summary
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08:46 EDTFCXOn The Fly: Pre-market Movers
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06:22 EDTFCXFreeport McMoRan upgraded on volume increases, deleveraging at Morgan Stanley
As previously reported, Morgan Stanley upgraded Freeport McMoRan to Overweight with a $29 price target. The firm has reduced concerns about financing due to ramping volumes and cost declines. Morgan Stanley believes Freeport McMoRan's copper growth projects are near an inflection and production increases will drive a 28% volume increase at a lower cost and reduced capex. The company is also considering a sale of public equity for a minority interest in its oil and gas subsidiary that could unlock additional value and generate further funding and reduce debt in the energy business.
05:51 EDTFCXFreeport McMoRan upgraded to Overweight from Equal Weight at Morgan Stanley
April 27, 2015
11:34 EDTFCXStocks with call strike movement; TWTR FCX
Twitter (TWTR) September 65 call option implied volatility increased 2% to 42, Freeport McMoRan (FCX) August 24 call option implied volatility increased 3% to 37 according to IVolatility.
08:44 EDTCVXChevron May weekly volatility elevated at 26 into Q1 and outlook
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April 23, 2015
10:47 EDTFCXFreeport McMoRan sees FY16 sales of copper 5.4B pounds, sales of gold 1.9M oz
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10:42 EDTFCXFreeport says IPO alternative for O&G business will highlight value
Provides alternative form of equity capital to fund O&G business. FCX says will maintain control and majority ownership of business. Possible timing for FCX O&G offering is late 2015 if market conditions are favorable. Other alternatives will continue to be assessed in the interim.
10:13 EDTFCXFreeport McMoRan optimistic for mid-term, long-term prospects for business
Comment from Q1 earnings conference call.
08:17 EDTFCXFreeport considering sale of minority equity stake in oil and gas unit
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08:05 EDTFCXFreeport McMoRan sees FY15 capex about $6.5B
Capital expenditures are expected to approximate $6.5B for the year 2015, including $2.5B for major projects at mining operations and $2.8B for oil and gas operations.
08:04 EDTFCXFreeport sees Q2 sales of copper 960M pounds, sales of gold 300K oz.
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08:03 EDTFCXFreeport sees FY15 sales of copper 4.2B pounds, sales of gold 1.3M oz.
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08:02 EDTFCXFreeport McMoRan reports Q1 adjusted EPS (6c), consensus (7c)
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April 22, 2015
15:50 EDTFCXNotable companies reporting before tomorrow's open
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13:31 EDTFCXEarnings Watch: Freeport McMoRan expects to sell 950M pounds of copper in Q1
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April 21, 2015
12:59 EDTCVXExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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07:22 EDTCVXOceaneering cut to sell following recent rally at Jefferies
Jefferies downgraded Oceaneering (OII) to Underperform from Hold citing the recent rally in shares and its lowered order outlooks across its subsea hardware coverage. Underperform is the firm's equivalent to a sell rating. It cut its price target for shares to $49 from $52. Oceaneering closed Monday's trading up 45c to $57.56. Jefferies calls Chevron (CVX) and Galp Energia its top stock picks in the integrated oil sector.
April 20, 2015
09:36 EDTCVXActive equity options trading on open
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06:06 EDTCVXChevron to face off against lawyer in appears court, WSJ reports
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