Breaking News Instant updates and real-time market news.

SM

SM Energy

$40.01

1.29 (3.33%)

11:24
10/18/16
10/18
11:24
10/18/16
11:24

SM Energy trades higher after expanding Midland Basin footprint

Earlier today, SM Energy announced that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the Company's Midland Basin footprint to approximately 82,450 net acres. The acquired acreage complements, and is partially contiguous to, the Company's recently closed Howard County acreage acquisition and includes approximately 2,400 Boe per day net production. The purchase price is $1.1B cash, subject to customary purchase price adjustments, plus 13.4M shares of SM common stock to be issued to the seller. The seller is QStar LLC, a portfolio company of EnCap Investments L.P. and a related entity. The Company also announced that it has entered into a definitive agreement for the sale of its Williston Basin assets located outside of Divide County for $785M, subject to customary purchase price adjustments. The purchaser is Oasis Petroleum Inc. President and Chief Executive Officer Jay Ottoson comments: "Our strategy is straight-forward, we intend to deliver growth in cash flow per debt-adjusted share by being a premier operator of top tier assets. We have established a position as an outstanding operator in the Midland Basin, and with this acquisition we also establish significant scale. We are particularly excited about the performance and future potential of Howard County, leading us to further core up our portfolio and focus on this fast emerging, top tier area. "As with our initial Howard County acquisition, we expect to immediately employ our operational expertise to the area. Our preliminary plans for Midland Basin activity include adding a fourth rig during the fourth quarter of 2016 and increasing to six rigs in early 2017, thereby increasing our expected aggregate 2016 capital program before acquisitions to approximately $710 million. We continue to work to concentrate capital on the highest return programs and generate higher company-wide margins, which drive cash flow growth and value creation for our shareholders." Shares of SM Energy are up 1.81% to $39.43 in morning trading.

SM SM Energy
$40.01

1.29 (3.33%)

10/18/16
SOCO
10/18/16
UPGRADE
Target $50
SOCO
Overweight
SM Energy upgraded to Overweight from Equalweight at Capital One
Capital One upgraded SM Energy to Overweight and raised its NAV estimates to $50 from $46 following the near doubling of its Midland Basin acreage and the acceleration of those development plans combine for $2/share of the increase. Additionally, the sale of Williston assets for $785MM was above the value he was carrying in his model by $2/share.
10/04/16
HOWW
10/04/16
UPGRADE
HOWW
Outperform
SM Energy upgraded to Outperform from Sector Perform at Scotia Howard Weil
08/30/16
GHSC
08/30/16
UPGRADE
Target $53
GHSC
Buy
SM Energy upgraded to Buy from Neutral at Seaport Global
Seaport analysts led by Mike Kelly upgraded SM Energy to Buy and raised its price target to $53 from $30 citing Permian exposure, compelling valuation, and improving leverage from the non-op Eagle Ford divestiture.
08/29/16
WILL
08/29/16
INITIATION
Target $57
WILL
Buy
SM Energy initiated with a Buy at Williams Capital
Williams Capital analyst Gabriele Sorbara started SM Energy with a Buy rating and $57 price target.

TODAY'S FREE FLY STORIES

CE

Celanese

$80.91

0.26 (0.32%)

13:19
12/07/16
12/07
13:19
12/07/16
13:19
Conference/Events
Celanese participates in a conference call with Goldman »

Goldman hosts a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Dec

TSRA

Tessera

$40.35

0.55 (1.38%)

13:17
12/07/16
12/07
13:17
12/07/16
13:17
Conference/Events
Tessera management to meet with Sidoti »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Dec

$NYE

NYSE Market Internals

13:16
12/07/16
12/07
13:16
12/07/16
13:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

13:16
12/07/16
12/07
13:16
12/07/16
13:16
Technical Analysis
NASDAQ market internals summary »

Volume is extremely heavy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$109.95

0.84 (0.77%)

, FOX

21st Century Fox

$27.37

-0.16 (-0.58%)

13:12
12/07/16
12/07
13:12
12/07/16
13:12
Periodicals
Apple in talks with studios about early release movie rentals, Bloomberg says »

Apple (AAPL) is in talks…

AAPL

Apple

$109.95

0.84 (0.77%)

FOX

21st Century Fox

$27.37

-0.16 (-0.58%)

FOXA

21st Century Fox

$27.50

-0.06 (-0.22%)

TWX

Time Warner

CMCSA

Comcast

$68.70

0.02 (0.03%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 07

    Dec

  • 13

    Mar

ALR

Alere

$39.70

-0.16 (-0.40%)

13:11
12/07/16
12/07
13:11
12/07/16
13:11
Hot Stocks
Breaking Hot Stocks news story on Alere »

Alere down 10% after…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

QCOM

Qualcomm

$67.45

1.09 (1.64%)

13:10
12/07/16
12/07
13:10
12/07/16
13:10
Hot Stocks
Qualcomm begins commercial sampling of 10nm server processor »

Qualcomm Incorporated,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Mar

ALR

Alere

$39.70

-0.16 (-0.40%)

13:10
12/07/16
12/07
13:10
12/07/16
13:10
Hot Stocks
Breaking Hot Stocks news story on Alere 

Alere trading resumes

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

RIG

Transocean

$14.48

0.23 (1.61%)

13:10
12/07/16
12/07
13:10
12/07/16
13:10
Options
Defensive option play opened in Transocean »

Defensive option play…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

X

U.S. Steel

$38.08

2.13 (5.92%)

13:09
12/07/16
12/07
13:09
12/07/16
13:09
Hot Stocks
Breaking Hot Stocks news story on U.S. Steel »

U.S. Steel CEO says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

X

U.S. Steel

$38.09

2.1375 (5.95%)

13:07
12/07/16
12/07
13:07
12/07/16
13:07
Hot Stocks
Breaking Hot Stocks news story on U.S. Steel »

U.S. Steel CEO says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRDS

Crossroads Systems

$5.45

1.12 (25.87%)

13:07
12/07/16
12/07
13:07
12/07/16
13:07
Hot Stocks
Breaking Hot Stocks news story on Crossroads Systems »

Lloyd Miller III reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

X

U.S. Steel

$37.99

2.04 (5.67%)

13:06
12/07/16
12/07
13:06
12/07/16
13:06
Hot Stocks
U.S. Steel CEO says prior administrations didn't understand trade laws »

The U.S. Steel CEO is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AJG

Arthur J. Gallagher

$50.18

0.36 (0.72%)

13:05
12/07/16
12/07
13:05
12/07/16
13:05
Hot Stocks
Arthur J. Gallagher & Co. renews Chip Ganassi Racing partnership for 2017 »

Arthur J. Gallagher &…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:05
12/07/16
12/07
13:05
12/07/16
13:05
General news
Treasury Action: it's never too early to be thinking about year-end »

Treasury Action:…

RDS.A

Royal Dutch Shell

$52.59

0.219 (0.42%)

, RDS.B

Royal Dutch Shell

$55.96

0.24 (0.43%)

13:03
12/07/16
12/07
13:03
12/07/16
13:03
Periodicals
Shell signs provisional oil and gasfield agreement with Iran, FT says »

Royal Dutch Shell has…

RDS.A

Royal Dutch Shell

$52.59

0.219 (0.42%)

RDS.B

Royal Dutch Shell

$55.96

0.24 (0.43%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ALR

Alere

$39.70

-0.16 (-0.40%)

, ABT

Abbott

$38.02

-0.4 (-1.04%)

13:00
12/07/16
12/07
13:00
12/07/16
13:00
Hot Stocks
Alere issues statement regarding Abbott lawsuit »

Alere (ALR) issued the…

ALR

Alere

$39.70

-0.16 (-0.40%)

ABT

Abbott

$38.02

-0.4 (-1.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

PI

Impinj

$29.58

2.1 (7.64%)

, AMZN

Amazon.com

$764.72

5.36 (0.71%)

13:00
12/07/16
12/07
13:00
12/07/16
13:00
Hot Stocks
Impinj continues to advance after Amazon's checkout-free store concept »

Shares of Impinj (PI),…

PI

Impinj

$29.58

2.1 (7.64%)

AMZN

Amazon.com

$764.72

5.36 (0.71%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

F

Ford

$12.72

0.1599 (1.27%)

13:00
12/07/16
12/07
13:00
12/07/16
13:00
Options
Bullish yearend play opened in Ford options »

Bullish yearend play…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Jan

  • 10

    Jan

GNC

GNC Holdings

$14.10

-0.1 (-0.70%)

12:59
12/07/16
12/07
12:59
12/07/16
12:59
Hot Stocks
GNC Holdings comments on agreement with DOJ »

GNC Holdings issued the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

T

AT&T

$40.03

0.6844 (1.74%)

, TWX

Time Warner

$93.69

-0.206 (-0.22%)

12:55
12/07/16
12/07
12:55
12/07/16
12:55
Periodicals
AT&T CEO defends Time Warner deal at Senate hearing, FT says »

AT&T (T) chairman and…

T

AT&T

$40.03

0.6844 (1.74%)

TWX

Time Warner

$93.69

-0.206 (-0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

SPY

SPDR S&P 500 ETF Trust

$222.42

0.72 (0.32%)

, SPX

S&P 500

$2,219.24

7.01 (0.32%)

12:55
12/07/16
12/07
12:55
12/07/16
12:55
Technical Analysis
S&P 500 breaks to fresh life high »

The index was last at…

SPY

SPDR S&P 500 ETF Trust

$222.42

0.72 (0.32%)

SPX

S&P 500

$2,219.24

7.01 (0.32%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FTK

Flotek

$10.58

-2.53 (-19.30%)

12:51
12/07/16
12/07
12:51
12/07/16
12:51
Hot Stocks
FourWorld says Flotek overstates impact of CnF on well productivity »

FourWorld Capital…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 07

    Dec

AON

Aon plc

$114.10

0.89 (0.79%)

, MS

Morgan Stanley

$42.46

-0.05 (-0.12%)

12:47
12/07/16
12/07
12:47
12/07/16
12:47
Periodicals
Aon exploring sale of benefits outsourcing division, Reuters reports »

Aon (AON) is looking into…

AON

Aon plc

$114.10

0.89 (0.79%)

MS

Morgan Stanley

$42.46

-0.05 (-0.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NUE

Nucor

$66.42

0.835 (1.27%)

12:45
12/07/16
12/07
12:45
12/07/16
12:45
Options
Nucor call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.