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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:11 EDTWPRT, CLNE, COGWestport, Clean Energy climb after Obama touts natural gas
Shares of Westport Innovations (WPRT) and Clean Energy Fuels (CLNE) are advancing in a down market after President Obama last night expressed support for vehicles powered by natural gas. Westport makes truck engines powered by natural gas, while Clean Energy builds natural gas fueling stations. WHAT'S NEW: In his State of the Union address last night, President Obama touted the benefits of natural gas, calling it a "bridge fuel that can power our economy with less of the carbon pollution that causes climate change." Moreover, the President asked Congress to put people to work building natural gas fueling stations for cars and trucks. WHAT'S NOTABLE: Westport is in a joint venture with another truck engine maker, Cummins (CMI). The joint venture develops truck engines that utilize natural gas. Meanwhile, in a note to investors earlier today, research firm Oppenheimer identified Cabot Oil & Gas (COG) as its favorite stock among natural gas producers. The firm has Outperform ratings on Apache (APA), Chesapeake Energy (CHK), Devon Energy (DVN), and EOG Resources (EOG), which all have large exposure to natural gas production. However, Oppenheimer suggests that investors buy stocks in the sector on pullbacks, and sell them when they advance. PRICE ACTION: In early trading, Westport rose 2.2% to $17.65, while Clean Energy Fuels jumped 3.2% to $11.95, and Cummins was flat at $128.75.
News For WPRT;CLNE;COG From The Last 14 Days
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July 31, 2014
16:28 EDTWPRTWestport reports Q2 EPS (56c), consensus (41c)
Reports Q2 revenue $40M, consensus $44.83M.
July 28, 2014
10:02 EDTCOGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AcelRx (ACRX) downgraded to Hold from Buy at Canaccord... Anglo American (AAUKY) downgraded to Neutral from Buy at UBS... Aon plc (AON) downgraded to Hold from Buy at Sandler ONeill... Cabot Oil & Gas (COG) downgraded at Oppenheimer... Cisco (CSCO) downgraded to Sector Perform from Outperform at Pacific Crest... Coeur Mining (CDE) downgraded to Market Perform from Outperform at Raymond James... DSW (DSW) downgraded at Sterne Agee... DuPont Fabros (DFT) downgraded to Neutral from Buy at Citigroup... El Paso Electric (EE) downgraded to Hold from Buy at Jefferies... Enphase Energy (ENPH) downgraded to Hold from Buy at Deutsche Bank... GlaxoSmithKline (GSK) downgraded to Neutral from Buy at BofA/Merrill... Horizon Technology (HRZN) downgraded to Hold from Buy at Wunderlich... Lear (LEA) downgraded to Hold from Buy at Deutsche Bank... Life Time Fitness (LTM) downgraded at Wedbush... Monster Beverage (MNST) downgraded to Neutral from Buy at UBS... NRG Energy (NRG) downgraded to Buy from Conviction Buy at Goldman... PG&E (PCG) downgraded to Sell from Neutral at Goldman... Pfizer (PFE) downgraded at BMO Capital... Post Properties (PPS) downgraded to Neutral from Buy at Citigroup... Publicis (PUBGY) downgraded to Sell from Neutral at Citigroup... Selmer Scientific (SMLR) downgraded to Hold from Buy at Aegis... TransCanada (TRP) downgraded to Neutral from Outperform at Credit Suisse... Travelers (TRV) downgraded to Hold from Buy at Sandler O'Neill... Zurich Insurance (ZURVY) downgraded to Underperform from Market Perform at Bernstein.
07:44 EDTCOGCabot Oil & Gas downgraded at Oppenheimer
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07:13 EDTCOGCabot Oil & Gas downgraded to Perform from Outperform at Oppenheimer
July 25, 2014
10:02 EDTCOGOn The Fly: Analyst Downgrade Summary
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06:07 EDTCOGCabot Oil & Gas downgraded to Neutral from Outperform at RW Baird
RW Baird downgraded Cabot Oil & Gas to Neutral following the company's Q2 results saying realizations is likely to limit near-term upside. The firm has a $43 price target for shares.
July 24, 2014
07:44 EDTCOGCabot Oil & Gas reports Q2 Marcellus Shale averaged 1,258 Mmcf per day
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07:43 EDTCOGCabot Oil & Gas reports Q2 production of 127.6 Bcfe
Reports Q2 liquids production of 961,000 barrels, an increase of 26% over last year's comparable quarter as reported; Reports Q2 crude oil and condensate production of 869,000 barrels, an increase of 25% over last year's comparable quarter as reported; Natural gas price realizations, including the effect of hedges, were $3.47 per thousand cubic feet in Q2. the impact of hedges, natural gas price realizations for the quarter were $3.78 per Mcf. Total per unit costs decreased to $2.59 per Mcfe in the second quarter of 2014, down 16 percent from $3.10 per Mcfe in the second quarter of 2013.
07:42 EDTCOGCabot Oil & Gas reports Q2 adjusted EPS 28c, consensus 25c
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July 23, 2014
08:15 EDTCOGCabot Oil & Gas price target lowered to $43 from $52 at RW Baird
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