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IOC

InterOil

$50.55

-0.02 (-0.04%)

, XOM

Exxon Mobil

$86.74

-0.3 (-0.34%)

06:09
10/10/16
10/10
06:09
10/10/16
06:09

InterOil provides update on Exxon Mobil transaction

InterOil (IOC) announced that, after the close of business on October 7, the Supreme Court of Yukon approved the pending transaction with Exxon Mobil (XOM), including finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016. Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court's decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.

IOC

InterOil

$50.55

-0.02 (-0.04%)

XOM

Exxon Mobil

$86.74

-0.3 (-0.34%)

  • 16

    Oct

IOC InterOil
$50.55

-0.02 (-0.04%)

06/16/16
RAJA
06/16/16
DOWNGRADE
RAJA
Market Perform
InterOil downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Pavel Molchanov downgraded InterOil to Market Perform following the shareholder endorsement of the buyout by Oil Search.
08/15/16
BERN
08/15/16
DOWNGRADE
BERN
Market Perform
InterOil downgraded to Market Perform from Outperform at Bernstein
08/15/16
BERN
08/15/16
DOWNGRADE
BERN
Market Perform
InterOil downgraded following acquisition at Bernstein
As noted earlier, Bernstein downgraded InterOil (IOC) to Market Perform from Outperform. Analyst Neil Beveridge downgraded the stock after the company agreed to be acquired by ExxonMobil (XOM). Target $52.
08/15/16
08/15/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Hold from Buy at Argus with the firm citing expectations of slower comp-store sales growth, rising labor costs, and relatively high valuation will pressure shares over the next several quarters. 2. Dollar General (DG) downgraded to Hold from Buy at Jefferies with analyst Daniel Binder saying he views the stock as fairly valued at current levels. 3. InterOil (IOC) downgraded to Market Perform from Outperform at Bernstein. 4. Salesforce (CRM) downgraded to Mixed from Positive at OTR Global with the firm citing weak mid-tier partner checks that fell below expectations. 5. Best Buy (BBY) downgraded to Hold from Buy at Jefferies with analyst Daniel Binder saying he's less upbeat on the shares given the maturing 4K TV product cycle. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
XOM Exxon Mobil
$86.74

-0.3 (-0.34%)

06/02/16
06/02/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying Exxon's strong relative performance discount's long-term oil at around $73/bbl and said shares appear to be fairly valued. 2. Intuitive Surgical (ISRG) downgraded to Neutral from Buy at Goldman with analyst David Roman saying the risk/reward looks balanced at current share levels. Roman lowered his price target for the stock to $674 from $690. 3. DeVry (DV) downgraded to Neutral from Outperform at Credit Suisse with analyst Trace Urdan saying he no longer feels confident in his investment thesis following the resignation of CFO Tim Wiggins. 4. Franklin Resources (BEN) downgraded to Sell from Neutral at UBS with analyst Brennan Hawken arguing the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39. 5. Progressive (PGR) downgraded to Sell from Neutral at Citi with analyst James Naklicki saying consensus margin and earnings expectations are too optimistic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/05/16
FBCO
07/05/16
NO CHANGE
FBCO
Outperform
Fluor scope on 'imminent' project could be multiple billions, says Credit Suisse
Credit Suisse Jamie Cook noted that the Tengizchevron joint venture, which is 50% owned by Chevron (CVX), 25% by ExxonMobil (XOM), 20% owned by KazMunayGas, and 5% owned by Lukoil, has announced plans to move forward with the TCO project, adding that Fluor (FLR) has been doing extensive work on TCO with its JV partner WorleyParsons and that most investors believed the likelihood of this project moving forward was "minimal." Cook, who believes Fluor's scope on this project could be "north of a couple billion" and that the company could book this award in Q2 or Q3 of this year, has an Outperform rating on Fluor shares.
08/16/16
BOFA
08/16/16
NO CHANGE
BOFA
Energy Sector raised to Overweight from Market Weight at BofA/Merrill
BofA/Merrill's commodity strategist team upgraded the Energy Sector to Overweight saying most of the selloff in oil prices is behind us and oil production continues to fall as investment and rig counts have dropped. The team said the oil market deficit will last through 2020 unless oil prices are sustained above $80/bbl and expects earnings expectations to continue to move higher.

TODAY'S FREE FLY STORIES

AIT

Applied Industrial Technologies

$64.10

0.95 (1.50%)

07:03
04/27/17
04/27
07:03
04/27/17
07:03
Earnings
Applied Industrial Technologies raises FY17 EPS view to $2.74-$2.84 »

Previous FY17 EPS…

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ALKS

Alkermes

$57.13

0.13 (0.23%)

07:03
04/27/17
04/27
07:03
04/27/17
07:03
Earnings
Alkermes reports Q1 EPS (18c), consensus (8c) »

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RTN

Raytheon

$155.27

-0.74 (-0.47%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Hot Stocks
Breaking Hot Stocks news story on Raytheon »

Raytheon reports Q1…

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RTN

Raytheon

$155.27

-0.74 (-0.47%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Hot Stocks
Breaking Hot Stocks news story on Raytheon »

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  • 27

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SIRI

Sirius XM

$5.11

-0.095 (-1.83%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Hot Stocks
Sirius XM reports 31.6M subscribers in Q1 »

The company added 259,000…

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  • 27

    Apr

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PSTB

Park Sterling Bank

$12.52

0.23 (1.87%)

, SSB

South State

$91.90

1.35 (1.49%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Hot Stocks
Park Sterling Bank, South State announce merger agreement »

South State Corporation…

PSTB

Park Sterling Bank

$12.52

0.23 (1.87%)

SSB

South State

$91.90

1.35 (1.49%)

03/08/13
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  • 27

    Apr

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AIT

Applied Industrial Technologies

$64.10

0.95 (1.50%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Earnings
Applied Industrial Technologies sees Q4 EPS 68c-78c, consensus 68c »

Sees Q4 revenue growth…

03/08/13
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  • 27

    Apr

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    May

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RTN

Raytheon

$155.27

-0.74 (-0.47%)

07:02
04/27/17
04/27
07:02
04/27/17
07:02
Earnings
Raytheon reports Q1 EPS $1.73, consensus $1.61 »

Reports Q1 revenue $6B,…

03/08/13
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  • 27

    Apr

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SIRI

Sirius XM

$5.11

-0.095 (-1.83%)

07:01
04/27/17
04/27
07:01
04/27/17
07:01
Earnings
Sirius XM reports Q1 EPS 4c, consensus 4c »

Reports Q1 revenue $1.3B,…

03/08/13
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  • 27

    Apr

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AIT

Applied Industrial Technologies

$64.10

0.95 (1.50%)

07:01
04/27/17
04/27
07:01
04/27/17
07:01
Earnings
Applied Industrial Technologies reports Q3 EPS 75c, consensus 63c »

Reports Q3 revenue…

03/08/13
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  • 27

    Apr

  • 09

    May

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BMY

Bristol-Myers

$53.77

-0.17 (-0.32%)

07:00
04/27/17
04/27
07:00
04/27/17
07:00
Earnings
Bristol-Myers reports Q1 adjusted EPS 84c, consensus 74c »

Reports Q1 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 27

    Apr

  • 02

    May

  • 03

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  • 06

    Jun

ANTM

Anthem

$179.03

6.57 (3.81%)

07:00
04/27/17
04/27
07:00
04/27/17
07:00
Upgrade
Anthem rating change  »

Anthem upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    May

SHOP

Shopify

$74.12

-2.53 (-3.30%)

07:00
04/27/17
04/27
07:00
04/27/17
07:00
Downgrade
Shopify rating change  »

Shopify downgraded to…

03/08/13
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  • 02

    May

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    May

I

Intelsat

$3.73

-0.08 (-2.10%)

06:59
04/27/17
04/27
06:59
04/27/17
06:59
Earnings
Intelsat backs FY17 revenue view $2.18B-$2.23B, consensus $2.19B »

Backs FY17 adjusted…

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  • 27

    Apr

UA

Under Armour

$18.14

0.17 (0.95%)

, UAA

Under Armour

$19.71

0.18 (0.92%)

06:59
04/27/17
04/27
06:59
04/27/17
06:59
Earnings
Under Armour backs FY17 view for revenues growth of 11%-12% »

There are no changes to…

UA

Under Armour

$18.14

0.17 (0.95%)

UAA

Under Armour

$19.71

0.18 (0.92%)

03/08/13
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  • 27

    Apr

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LLL

L3 Technologies

$171.76

1.3 (0.76%)

06:59
04/27/17
04/27
06:59
04/27/17
06:59
Hot Stocks
Breaking Hot Stocks news story on L3 Technologies »

L3 Technologies backs…

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  • 27

    Apr

JCI

Johnson Controls

$43.05

-0.15 (-0.35%)

06:58
04/27/17
04/27
06:58
04/27/17
06:58
Earnings
Breaking Earnings news story on Johnson Controls »

Johnson Controls narrows…

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  • 27

    Apr

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I

Intelsat

$3.73

-0.08 (-2.10%)

06:58
04/27/17
04/27
06:58
04/27/17
06:58
Earnings
Intelsat reports Q1 EPS (29c), consensus (13c) »

Reports Q1 revenue…

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  • 27

    Apr

UA

Under Armour

$18.14

0.17 (0.95%)

, UAA

Under Armour

$19.71

0.18 (0.92%)

06:58
04/27/17
04/27
06:58
04/27/17
06:58
Earnings
Under Armour reports Q1 EPS (1c), consensus (4c) »

Reports Q1 revenue…

UA

Under Armour

$18.14

0.17 (0.95%)

UAA

Under Armour

$19.71

0.18 (0.92%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Apr

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LLL

L3 Technologies

$171.76

1.3 (0.76%)

06:57
04/27/17
04/27
06:57
04/27/17
06:57
Earnings
L3 Technologies raises FY17 EPS view to $8.50-$8.70 from $8.40-$8.60 »

FY17 consensus $8.60.…

03/08/13
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03/06/13
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  • 27

    Apr

JCI

Johnson Controls

$43.05

-0.15 (-0.35%)

06:57
04/27/17
04/27
06:57
04/27/17
06:57
Earnings
Breaking Earnings news story on Johnson Controls »

Johnson Controls sees Q3…

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  • 27

    Apr

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AB

AllianceBernstein

$22.75

-0.05 (-0.22%)

06:57
04/27/17
04/27
06:57
04/27/17
06:57
Earnings
AllianceBernstein reports Q1 EPS 46c, consensus 44c »

Reports Q1 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Apr

WEX

WEX

$106.85

0.83 (0.78%)

06:57
04/27/17
04/27
06:57
04/27/17
06:57
Earnings
WEX sees Q2 adjusted EPS $1.19-$1.26, consensus $1.30 »

Sees Q2 revenue…

03/08/13
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03/06/13
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03/06/13
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  • 27

    Apr

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JCI

Johnson Controls

$43.05

-0.15 (-0.35%)

06:56
04/27/17
04/27
06:56
04/27/17
06:56
Earnings
Johnson Controls reports Q2 adj. EPS 49c, consensus 49c »

Reports Q2 revenue…

03/08/13
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03/06/13
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  • 27

    Apr

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    May

AZN

AstraZeneca

$30.58

0.09 (0.30%)

06:56
04/27/17
04/27
06:56
04/27/17
06:56
Earnings
AstraZeneca confirms FY17 core EPS to decline low to mid teens percentage »

Backs FY17 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 07

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