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Stock Market & Financial Investment News

News Breaks
May 1, 2014
07:29 EDTWPX, CLRWPX Energy names Rick Muncrief as CEO, effective May 15
The WPX Energy (WPX) Board of Directors has named Richard E. "Rick" Muncrief as the company’s next president and CEO. The appointment is effective May 15. He also will join the WPX board following the company’s annual meeting of shareholders on May 22. Muncrief is a petroleum engineer who has more than 30 years of upstream and midstream energy experience, most recently as senior vice president of operations and resource development at Continental Resources (CLR) where he oversaw corporate engineering, reservoir development, drilling, production operations and supply chain management.
News For WPX;CLR From The Last 14 Days
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February 2, 2016
15:16 EDTCLRS&P takes rating actions on U.S. investment-grade E&P companies
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January 28, 2016
08:51 EDTCLRContinental Resources upside not reflected in stock, says Canaccord
Canaccord noted Continental Resources is an industry leader in enhanced completions testing and is also a pioneer in the development of the SCOOP and STACK plays in Oklahoma. The firm said the company is achieving impressive results and has considerable upside, which is not reflected in the stock price. Canaccord reiterated its Buy rating and $42 price target on Continental Resources shares.
January 27, 2016
11:09 EDTCLROptions with increasing put volume
Options with increasing put volume: RDN MTG HES BKD TAP RRC GG MTW AIG CLR PYPL
January 26, 2016
18:53 EDTCLRContinental Resources sees Q1 production 210,000-220,000 Boe per day
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18:44 EDTCLRContinental Resources reduces CapEx budget to $920M from $2.7B in FY15
Continental Resources announced a budget of $920M in non-acquisition capital expenditures for 2016, a 66% reduction from 2015's $2.7B budget. The company expects average production of approximately 200,000 barrels of oil equivalent, or Boe, per day for 2016. The company currently estimates 2015 actual non-acquisition capital expenditures were approximately $2.5B, or approximately $200M under budget for 2015. Continental expects average production for 2015 to be approximately 221,700 Boe per day, above previously revised guidance. The company expects to report year-end 2015 total long term debt that is essentially flat with long-term debt at September 30, 2015, up only $7M quarter over quarter. Continental plans to report FY15 results on February 24, 2016, after the close of market trading.
January 25, 2016
10:00 EDTWPXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
08:47 EDTWPXWPX Energy downgraded to Sector Perform from Outperform at Iberia
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