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WPZ

Williams Partners

$37.50

0.71 (1.93%)

, CEQP

Crestwood Equity

$20.75

0.2 (0.97%)

16:30
10/19/16
10/19
16:30
10/19/16
16:30

Williams Partners, Crestwood Equity reach Powder River pact with Chesapeake

Williams Partners LP (WPZ) and Crestwood Equity Partners (CEQP), as 50/50 joint venture partners in the Bucking Horse natural gas processing plant and Jackalope Gas Gathering System, announced they have signed an agreement with Chesapeake Energy Corporation (CHK) to restructure natural gas gathering and processing services in Wyoming's Powder River Basin. The restructured services are expected to replace the current cost-of-service arrangement and improve economics to support a ramp-up in near-term development and production activity and incentivize long-term development across an expanded area of dedication in the region. The restructured terms of service are expected to include minimum annual revenue guarantees that support the transition to a new fixed-fee structure over the next five to seven years. Subject to board approvals of the definitive agreement, the restructured services are to become effective Jan. 1, 2017 for a 20-year term.

WPZ

Williams Partners

$37.50

0.71 (1.93%)

CEQP

Crestwood Equity

$20.75

0.2 (0.97%)

CHK

Chesapeake

$6.72

0.2 (3.07%)

  • 20

    Oct

  • 03

    Nov

WPZ Williams Partners
$37.50

0.71 (1.93%)

09/29/16
SPHN
09/29/16
INITIATION
Target $43
SPHN
Overweight
Williams Partners initiated with an Overweight at Stephens
Stephens analyst Matt Schmid started Williams Partners with an Overweight rating and $43 price target.
07/25/16
JEFF
07/25/16
DOWNGRADE
Target $40
JEFF
Hold
Williams Partners downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded Williams Partners to Hold citing valuation and keeps a $40 price target for the shares. The analyst views the ongoing deceleration in NGL supply growth and recent pullback in product pricing as a bearish shift for the Master Limited Partnerships.
08/02/16
MSCO
08/02/16
UPGRADE
MSCO
Overweight
Williams Partners upgraded to Overweight from Equal Weight at Morgan Stanley
08/03/16
RAJA
08/03/16
DOWNGRADE
RAJA
Market Perform
Williams Partners downgraded to Market Perform from Outperform at Raymond James
CEQP Crestwood Equity
$20.75

0.2 (0.97%)

08/03/16
STFL
08/03/16
DOWNGRADE
STFL
Hold
Crestwood Equity downgraded on valuation at Stifel
As noted earlier, Stifel downgraded Crestwood Equity to Hold from Buy. Analyst Selman Akyol downgraded the stock based on valuation.
08/03/16
STFL
08/03/16
DOWNGRADE
STFL
Hold
Crestwood Equity downgraded to Hold from Buy at Stifel
06/21/16
LEHM
06/21/16
INITIATION
Target $22
LEHM
Underweight
Crestwood Equity reinstated with an Underweight at Barclays
Barclays analyst Helen Ryoo reinstated Crestwood Equity Partners L.P. with an Underweight rating and $22 price target.
05/04/16
STFL
05/04/16
UPGRADE
STFL
Buy
Crestwood Equity upgraded on tax guidance, volume improvement at Stifel
As noted earlier, Stifel upgraded Crestwood Equity to Buy from Hold. As reasons for the upgrade, the firm cited the company's statement that it no longer expects investors to incur a tax liability related to its asset sale with Consolidated Edison (ED), and the sequential improvement in its gathering volumes. Target $20.
CHK Chesapeake
$6.72

0.2 (3.07%)

10/13/16
UBSW
10/13/16
NO CHANGE
Target $4
UBSW
Sell
Chesapeake liquidity better but debt still too high, says UBS
UBS analyst William Featherston previewed the Chesapeake analyst day and said he expects management to shift from its defensive strategy over the last two years to a more offensive one by targeting annual volume growth to resume in 2018. The analyst said the company's liquidity position has improved, but the debt level still remains too high. Featherston maintained his Sell rating and $4.50 price target on Chesapeake shares.
09/13/16
FBRC
09/13/16
INITIATION
Target $5
FBRC
Underperform
Chesapeake initiated with an Underperform at FBR Capital
FBR Capital analyst Joseph Allman started Chesapeake Energy with an Underperform rating and $5 price target. The company's "debt and transportation commitments hole still appears too deep to dig out of," Allman tells investors in a research note. He views Chesapeake's equity as "significantly overvalued" and thinks the company's financial condition "will continue to be stressed."
09/09/16
09/09/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chesapeake (CHK) upgraded to Buy from Hold at Wunderlich with analyst Jason Wangler saying the company's assets are performing and its balance sheet is improving. 2. GameStop (GME) upgraded to Buy from Neutral at Hilliard Lyons. 3. Finisar (FNSR) upgraded to Buy from Neutral at MKM Partners with analyst Michael Genovese saying he is "extremely upbeat on the Optical components/module industry," and Chinese demand for 10G and 100G Optical modules appears it can stay strong for multiple years. 4. Randgold (GOLD) upgraded to Buy from Neutral at UBS with the firm citing the recent pullback in the shares and the potential for a dividend raise in 2017. 5. Teekay LNG (TGP) upgraded to Outperform from Market Perform at Wells Fargo analyst Michael Webber saying the discount to net asset value and the company's progress around financing its order book make the valuation "particularly compelling." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
WDLK
09/09/16
UPGRADE
Target $10
WDLK
Buy
Chesapeake upgraded to Buy from Hold at Wunderlich
Wunderlich analyst Jason Wangler upgraded Chesapeake Energy to Buy saying the company's assets are performing and its balance sheet is improving. The analyst raised his price target for the shares to $10 from $6.

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SYT

Syngenta

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$NYE

NYSE Market Internals

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WMB

Williams

$30.44

-0.15 (-0.49%)

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Options
Williams put volume heavy and directionally bearish »

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AAPL

Apple

$150.55

-1.34 (-0.88%)

, FIT

Fitbit

$6.54

0.1 (1.55%)

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JNJ

Johnson & Johnson

$131.23

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RHHBY

Roche

$32.00

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SSNLF

Samsung

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  • 26

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OPK

OPKO Health

$6.87

0.16 (2.38%)

12:05
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Options
Opko Health call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Sep

  • 27

    Sep

PSO

Pearson

$7.78

-0.04 (-0.51%)

12:03
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12:03
Downgrade
Pearson rating change  »

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LGF.A

Lionsgate

$31.12

-0.16 (-0.51%)

12:02
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Conference/Events
Lionsgate management to meet with Piper Jaffray »

Meeting to be held in…

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  • 27

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  • 27

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  • 29

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LGF.A

Lionsgate

$31.12

-0.16 (-0.51%)

12:00
09/26/17
09/26
12:00
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12:00
Conference/Events
Lionsgate management to meet with Piper Jaffray »

Meeting to be held in…

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  • 27

    Sep

  • 29

    Sep

PDS

Precision Drilling

$3.11

0.02 (0.65%)

12:00
09/26/17
09/26
12:00
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12:00
Conference/Events
Precision Drilling management to meet with Evercore ISI »

Group luncheon to be held…

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  • 28

    Sep

LUXTY

Luxottica

$55.99

-0.36 (-0.64%)

12:00
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EU opens in-depth probe into proposed Luxottica, Essilor merger »

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11:55
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William Blair medical technology analyst holds analyst/industry conference call »

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UBNT

Ubiquiti

$55.43

1.25 (2.31%)

11:55
09/26/17
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11:55
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11:55
Conference/Events
Ubiquiti to hold a conference call »

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  • 26

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EA

Electronic Arts

$114.20

-4.3 (-3.63%)

11:50
09/26/17
09/26
11:50
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11:50
Options
1.8K Electronic Arts Nov 115 - 125 call spreads for $3.25 »

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IGT

International Game

$24.32

1.07 (4.60%)

11:45
09/26/17
09/26
11:45
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11:45
Options
International Game call volume above normal and directionally bullish »

Bullish option flow…

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11:45
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General news
Treasury's $35 B 4-week bill sale was on the soft side »

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AXON

Axovant Sciences

$24.25

-0.74 (-2.96%)

11:38
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  • 26

    Sep

HES

Hess Corp.

$46.00

-0.1 (-0.22%)

11:35
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Options
Hess Corp. put volume heavy and directionally bearish »

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  • 26

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General news
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RLJE

RLJ Entertainment

$3.38

-0.22 (-6.11%)

11:30
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Conference/Events
RLJ Entertainment management to meet with MKM Partners »

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  • 27

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FPO

First Potomac

$11.15

0.005 (0.04%)

, GOV

Government Properties

$18.76

0.32 (1.74%)

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$11.15

0.005 (0.04%)

GOV

Government Properties

$18.76

0.32 (1.74%)

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  • 26

    Sep

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General news
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MBI

MBIA

$9.57

-0.26 (-2.65%)

11:29
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11:29
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Conference/Events
MBIA management to meet with MKM Partners »

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  • 27

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