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BP

BP

$33.66

0.1552 (0.46%)

, CVX

Chevron

$109.15

1.03 (0.95%)

13:34
11/18/16
11/18
13:34
11/18/16
13:34

Obama administration to ban offshore Artic drilling, Huffington Post reports

The Department of the Interior announced its intent to ban oil drilling in the U.S. section of the Arctic Ocean for the next five years, citing environmental risks, according to the Huffington Post. The plan blocks the sale of new offshore oil and gas leases in the Beaufort and Chukchi seas, north of Alaska, between 2017 and 2022, the publication added. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).Reference Link

BP

BP

$33.66

0.1552 (0.46%)

CVX

Chevron

$109.15

1.03 (0.95%)

COP

ConocoPhillips

$44.57

0.96 (2.20%)

XOM

Exxon Mobil

$85.34

0.11 (0.13%)

RDS.A

Royal Dutch Shell

$49.32

-0.13 (-0.26%)

TOT

Total

$45.88

-0.23 (-0.50%)

BHI

Changed to BHGE

$60.98

-0.255 (-0.42%)

DO

Diamond Offshore

$16.89

0.08 (0.48%)

HAL

Halliburton

$49.16

0.56 (1.15%)

NBR

Nabors Industries

$13.62

0.01 (0.07%)

NE

Noble Corp.

$5.56

0.155 (2.87%)

RDC

Rowan Companies

$15.72

0.56 (3.69%)

SLB

Schlumberger

$80.06

-0.04 (-0.05%)

RIG

Transocean

$11.30

0.285 (2.59%)

WFT

Weatherford

$4.84

-0.225 (-4.45%)

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BP BP
$33.66

0.1552 (0.46%)

11/15/16
11/15/16
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. FedEx (FDX) downgraded to Hold from Buy at Stifel with analyst David Ross citing valuation, as well as concerns about the "still-fragile global economic environment" and the integration of its TNT acquisition. 2. Abercrombie & Fitch (ANF) downgraded to Underperform at FBR Capital while the firm also downgraded American Eagle (AEO) to Market Perform from Outperform. 3. Amplify Snack Brands (BETR) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Outperform at Credit Suisse. 4. BP (BP) downgraded to Outperform from Buy at CLSA while the firm also downgraded ConocoPhillips (COP) to Underperform from Outperform. 5. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying he sees the company's above-peer comps, market share gains, and solid new unit development prospects as being priced in after the 22% jump in the stock from its late October low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
11/02/16
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. Pfizer (PFE) downgraded to Hold from Buy at Argus and to Market Perform from Outperform at BMO Capital. 2. BP (BP) downgraded to Hold from Buy at Societe Generale. 3. Corning (GLW) downgraded to Buy from Conviction Buy at Goldman with analyst Doug Clark saying the restocking phase of glass/TV cyclical recovery is now "well understood and largely behind us." 4. Adeptus Health (ADPT) downgraded to Underperform from Buy at BofA/Merrill, to Hold from Buy at Jefferies, and to Equal Weight from Overweight at Stephens. 5. Brookdale Senior Living (BKD) downgraded to Underperform from Neutral at BofA/Merrill, to Market Perform from Outperform at Wells Fargo, and to Outperform from Top Pick at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
LYON
11/15/16
DOWNGRADE
Target $37
LYON
Outperform
BP downgraded to Outperform from Buy at CLSA
11/15/16
11/15/16
DOWNGRADE
Target $37

Outperform
BP downgraded to Outperform at CLSA
As previously reported, CLSA downgraded BP to Outperform and lowered its price target to $37 from $40. Analyst Asit Sen said BP has done a remarkable job positioning for long-term growth but awaits on visibility into its lower 48 strategy where bolt-on acquisitions make more sense.
CVX Chevron
$109.15

1.03 (0.95%)

11/15/16
LYON
11/15/16
UPGRADE
LYON
Buy
Chevron upgraded to Buy from Outperform at CLSA
11/15/16
11/15/16
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. Fortinet (FTNT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Melissa Gorham saying she is more constructive on Fortinet heading into fiscal 2017 given the stable demand environment, free cash flow generation, easier comps, and more durable renewals. 2. Advance Auto Parts (AAP) upgraded to Strong Buy from Outperform at Raymond James and to Positive from Neutral at Susquehanna following the company's quarterly report. 3. Chevron (CVX) upgraded to Buy from Outperform at CLSA while the firm also upgraded EOG Resources (EOG) to Outperform from Underperform. 4. Harley-Davidson (HOG) upgraded to Sector Perform from Underperform at RBC Capital with analyst Joseph Spak saying that risks to the company's growth have dissipated, partly due to the potential of President-elect Trump's policies to spark increased consumer spending. 5. Cheesecake Factory (CAKE) upgraded to Buy from Hold at Argus with analyst John Staszak saying investors should be attracted to Cheesecake by its dividend hikes, share repurchases, and ability to open new stores while generating consistent comparable sales growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
LYON
11/15/16
UPGRADE
Target $127
LYON
Buy
Chevron upgraded to Buy on short-cycle emphasis at CLSA
As previously reported, CLSA upgraded Chevron to Outperform and increased its price target to $127 from $118. Analyst Asit Sen said Chevron's strategic shift towards its short-cycle business is a "game changer" He believes the Permian Q3 update was just the beginning and expects short-cycle to be +15% of total 2020 production.
11/01/16
11/01/16
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. Chevron (CVX) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Evan Calio saying he believes Chevron is differentiated and has the largest free cash flow inflection in 2017-2019 from project start-ups, primarily Wheatstone and Gorgon, driving production growth to 16%, has the best short-cycle opportunity globally, particularly in the Permian,and has higher oil leverage into a cyclical price recovery. 2. Baker Hughes (BHI) upgraded to Neutral from Underweight at Atlantic Equities. 3. Johnson Controls (JCI) upgraded to Conviction Buy from Buy at Goldman with analyst Joe Ritchie saying he believes Johnson's fundamentals are improving, cost savings should support EBIT growth, and valuation is inexpensive. 4. Brocade upgraded to Outperform on potential takeover at RBC Capital with analyst Mitch Steves saying he believes Brocade makes sense as a strategic asset to the right operator and would be mid-single-digit accretive to the acquirer. 5. VMware (VMW) upgraded to Buy from Hold at Summit Redstone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
COP ConocoPhillips
$44.57

0.96 (2.20%)

11/15/16
LYON
11/15/16
DOWNGRADE
Target $47
LYON
Underperform
ConocoPhillips downgraded to Underperform at CLSA
As previously reported, CLSA downgraded ConocoPhillips to Underperform and maintained its $47 price target. Analyst Asit Sen said ConocoPhillips' lack of Delaware/Midland exposure is a significant negative when compared to peers and prefers more aggressive moves to lower debt instead of the $3B announced buyback.
11/15/16
LYON
11/15/16
DOWNGRADE
LYON
Underperform
ConocoPhillips downgraded to Underperform from Outperform at CLSA
11/07/16
EDJN
11/07/16
UPGRADE
EDJN
Buy
ConocoPhillips upgraded to Buy from Hold at Edward Jones
XOM Exxon Mobil
$85.34

0.11 (0.13%)

11/07/16
BERN
11/07/16
NO CHANGE
BERN
InterOil Exxon deal still likely to close despite court loss, says Bernstein
After an appeals court overturned a lower court's approval of InterOil's (IOC) deal with Exxon (XOM), Bernstein analyst Neil Beveridge says that the ruling "was largely related to procedural issues." He thinks that the deal will close in late 1Q17 despite the court's ruling. However, he keeps a Market Perform rating on InterOil.
10/31/16
10/31/16
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. Nike (NKE) downgraded to Underperform from Neutral at BofA/Merrill with analyst Robert Ohmes citing share loss and lack of innovation. 2. AbbVie (ABBV) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan saying he is increasingly concerned about Humira's longevity given the more challenging payer environment and increasing calls for further pricing transparency. 3. Home Depot (HD) and Lowe's (LOW) downgraded to Neutral from Overweight at Piper Jaffray. 4. Exxon Mobil (XOM) downgraded to Neutral from Conviction Buy at Goldman with analyst Neil Mehta citing a lack of catalysts to drive the stock higher. 5. AutoNation (AN) downgraded to Neutral from Buy at BofA/Merrill with analyst John Murphy saying the company's business transformation announcement appears to be risky and will result in excessive costs, management distraction, and diverts capital from share repurchases and acquisitions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/31/16
GSCO
10/31/16
UPGRADE
Target $118
GSCO
Conviction Buy
Chevron upgraded to Conviction Buy from Neutral at Goldman
Goldman Sachs analyst Neil Mehta upgraded Chevron (CVX) to Conviction Buy from Neutral saying that after a decade of relatively flat production, the company is positioned for "strong volume improvement." The analyst also expects "robust" free cash flow improvement, which he thinks will more than cover the dividend yield of 4.2%. Mehta raised his price target for Chevron shares to $118 from $108. The analyst coupled the upgrade with a downgrade of Exxon Mobil (XOM) to Neutral.
10/31/16
GSCO
10/31/16
DOWNGRADE
Target $93
GSCO
Neutral
Exxon Mobil downgraded to Neutral from Conviction Buy at Goldman
Goldman Sachs analyst Neil Mehta downgraded Exxon Mobil (XOM) to Neutral from Conviction Buy citing a lack of catalysts to drive the stock higher. The analyst sees a more favorable risk/reward in shares of Chevron (CVX), a stock he upgraded this morning to Conviction Buy. Mehta lowered his price target for Exxon shares to $93 from $98. The shares closed Friday down $2.14 to $84.78 following the company's Q3 results.
RDS.A Royal Dutch Shell
$49.32

-0.13 (-0.26%)

10/14/16
10/14/16
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. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Sell from Hold at Canaccord with the firm citing the gap between the average free cash flow generation of Shell over the past two decades and the medium-term target. 2. bluebird bio (BLUE) downgraded to Sell from Hold at Cantor with analyst Elemer Piros saying he sees a lack of catalysts as he does not expect data to be announced at this year's American Society of Hematology conference to de-risk the hemoglobinopathy programs. 3. Fluor (FLR) downgraded to Neutral from Accumulate at Seaport Global with analyst Ryan Cassil citing persistently weaker global macroeconomic trends and expectations for a continuation of weaker project activity in 2017. 4. Boston Beer (SAM) downgraded to Hold from Buy at Berenberg. 5. Estee Lauder (EL) downgraded to Neutral from Overweight at Piper Jaffray after the firm's semi-annual proprietary "Taking Stock With Teens" survey. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
JPMS
11/02/16
UPGRADE
JPMS
Overweight
Royal Dutch Shell upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Christyan Malek upgraded Royal Dutch Shell to Overweight.
10/14/16
ADAM
10/14/16
DOWNGRADE
ADAM
Sell
Royal Dutch Shell downgraded to Sell from Hold At Canaccord
Canaccord downgraded Royal Dutch Shell to Sell from Hold based on the gap between the average free cash flow generation of Shell over the past two decades and the medium-term target. Canaccord said the company would require at least a five-fold improvement from the 20-year average and a ten-fold improvement from the 10 year average to make its medium-term goals.
09/08/16
BERN
09/08/16
DOWNGRADE
BERN
Underperform
Repsol downgraded to Underperform from Market Perform at Bernstein
Bernstein analyst Oswald Clint downgraded Repsol (REPYY) based on his new analysis which shows that its upstream ROIC ranks sixth among the European integrated oil names he covers. The analyst says that Shell (RDS.A), BP (BP), and Eni (E) rank first, second, and third, respectively. He set an EUR11.30 price target on Repsol, down from EUR13 previously.
TOT Total
$45.88

-0.23 (-0.50%)

11/02/16
JPMS
11/02/16
DOWNGRADE
JPMS
Neutral
Total downgraded to Neutral from Overweight at JPMorgan
07/28/16
BERN
07/28/16
NO CHANGE
BERN
Total showing resiliency, says Bernstein
Bernstein analyst Oswald Clint says that Total's Q2 results showed that the company is benefiting from the resilience of its portfolio and its lack of significant exposure to the U.S. The analyst notes that the company's cash flow from operating activities has dropped only 23% in 1H16 despite a decline of more than 30% in brent prices.Clint says the comapny is on track to meet its targets, while it continues to have "a great portfolio." He reiterates an Outperform rating on the shares.
08/04/16
LEHM
08/04/16
UPGRADE
LEHM
Overweight
Total upgraded to Overweight from Equal Weight at Barclays
09/08/16
BERN
09/08/16
DOWNGRADE
BERN
Market Perform
Total downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Oswald Clint, downgraded Total (TOT) based on his new analysis which shows that its upstream ROIC ranks fifth among the European integrated oil names he covers. The analyst says that Shell (RDS.A), BP (BP), and Eni (E) rank first, second, and third, respectively.He set a $56.61 price target on Total.
BHI Changed to BHGE
$60.98

-0.255 (-0.42%)

11/01/16
ATLE
11/01/16
UPGRADE
ATLE
Neutral
Baker Hughes upgraded to Neutral from Underweight at Atlantic Equities
11/01/16
11/01/16
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. MasterCard (MA) downgraded to Neutral from Buy at Guggenheim. 2. L Brands (LB) downgraded to Neutral from Buy at Mizuho with analyst Betty Chen saying the company's third quarter earnings per share miss "demonstrates the severity of the challenges" it's facing, and she believes that its outlook is "cloudy." 3. GoDaddy (GDDY) downgraded to Neutral from Buy at Monness Crespi with analyst James Cakmak citing valuation and saying he sees limited upside to estimates but expects another solid quarter. 4. Baker Hughes (BHI) downgraded to Outperform from Strong Buy at Raymond James. 5. Level 3 (LVLT) downgraded to Neutral from Buy at Goldman, to Sector Perform from Outperform at RBC Capital, and to Hold from Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/01/16
ARGS
11/01/16
NO CHANGE
ARGS
Baker Hughes price target raised to $65 from $56 at Argus
Argus analyst Bill Selesky raised his price target on Baker Hughes (BHI) after the company agreed to combine with GE's (GE) oil and gas unit. The analyst expects the new company to compete more effectively with Halliburton (HAL) and Schlumberger (SLB). He expects Baker Hughes to be boosted by GE's digital technology, and keeps a Buy rating on Baker Hughes.
DO Diamond Offshore
$16.89

0.08 (0.48%)

10/31/16
SOCO
10/31/16
UPGRADE
SOCO
Equalweight
Diamond Offshore upgraded to Equalweight from Underweight at Capital One
11/01/16
11/01/16
UPGRADE

Diamond Offshore upgraded to Buy at Swedbank
10/07/16
GHSC
10/07/16
DOWNGRADE
GHSC
Neutral
Diamond Offshore downgraded to Neutral from Accumulate at Seaport Global
Seaport Global analyst Mark Brown downgraded Diamond Offshore to Neutral citing recent share strength and maintained its $17 price target.
10/17/16
LYON
10/17/16
UPGRADE
Target $17
LYON
Underperform
Diamond Offshore upgraded to Underperform from Sell at CLSA
CLSA analyst David Havens upgraded Diamond Offshore to Underperform given its peer-leading liquidity metrics and view that its cancellation risks are largely reflected in valuation. Havens maintained his $17 price target on Diamond Offshore shares.
HAL Halliburton
$49.16

0.56 (1.15%)

10/18/16
DADA
10/18/16
NO CHANGE
DADA
Halliburton results to beat expectations, says DA Davidson
DA Davidson analyst Sonny Randhawa expects Halliburton's Q3 results to beat expectations, due to its market share gains and the recovery of the North American rig count. The analyst expects the company to benefit from "higher service intensity" in coming quarters. Randhawa keeps a Buy rating on the stock.
10/28/16
DBAB
10/28/16
NO CHANGE
Target $52
DBAB
Hold
Deutsche sees path to regulatory approval for GE, Baker deal
Deutsche Bank analyst Mike Urban points out that there is "very little overlap" between General Electric's (GE) oil and gas operations and Baker Hughes (BHI). Should the deal materialize as press reports are suggesting, the analyst sees a "much easier" path to regulatory approval than the failed Halliburton (HAL), Baker merger. Urban views a potential transaction positively for the diversified service providers and notes Weatherford (WFT) is his top pick.
11/15/16
JEFF
11/15/16
UPGRADE
Target $96
JEFF
Buy
Schlumberger upgraded to Buy from Hold at Jefferies
Jefferies analyst Brad Handler upgraded Schlumberger to Buy and raised his price target for the shares to $96 from $89. Schlumberger's "margin experience is supportive of company guidance," Handler tells investors in a research note. Halliburton (HAL) remains the analyst's top pick in Oil Services & Equipment.
NBR Nabors Industries
$13.62

0.01 (0.07%)

09/19/16
SOCO
09/19/16
UPGRADE
Target $13
SOCO
Overweight
Nabors Industries upgraded to Overweight from Equalweight at Capital One
Capital One analyst upgraded Nabors Industries to Overweight and raised its price target to $13 from $12. The firm's analyst said Nabors has made progress over the past few years with the divestiture of the pumping and well services businesses, improving the balance sheet, operation execution, and investing in the fleet.
09/19/16
SOCO
09/19/16
NO CHANGE
SOCO
Exterran and Nabors added to focus list, Baker Hughes removed at Capital One
10/19/16
GSCO
10/19/16
NO CHANGE
Target $16.5
GSCO
Buy
Goldman says to buy Nabors Industries for earnings and beyond
Goldman analyst Waqar Syed said Nabors will not only benefit from the recent pick-up in US land rig activity, but also offers an above-market growth opportunity from the expansion of ancillary services offered on its rigs. Nabors is targeting $250M in EBITDA from these services in 2-3 years from almost zero today, and should provide further color at its November 10 investor day. Syed expects revenue/margin momentum in Q3 to carry into Q4, given that the current US land rig count is 12% above the Q3 average, and continues to move higher, and recommends buying Nabors for earnings and beyond. The analyst rates Nabors a Buy and increased his price target to $16.50 from $11.50.
10/28/16
UBSW
10/28/16
NO CHANGE
Target $17
UBSW
Buy
Nabors Industries price target raised to $17 from $12 at UBS
UBS analyst Angie Sedita raised her price target on Nabors Industries to $17 from $12 following the company's analyst day. The analyst believes the overall story remains on track as the company is gaining market share and there is modest pricing traction for high-spec rigs. Sedita also cited the company's new initiatives and its valuation being at a "sharp discount" to its peers, which she feels is unwarranted. Sedita reiterated her Buy rating on Nabors shares.
NE Noble Corp.
$5.56

0.155 (2.87%)

11/16/16
BOFA
11/16/16
DOWNGRADE
BOFA
Underperform
Noble Corp. downgraded to Underperform from Neutral at BofA/Merrill
11/16/16
11/16/16
DOWNGRADE
Target $5

Underperform
Noble downgraded to Underperform on valuation, debt concerns at BofA/Merrill
As previously reported, BofA/Merrill downgraded Noble to Underperform from Neutral and maintained a $5 price target. Analyst Timna Tanners has increased concerns about Noble's upcoming debt maturities, 2018 rig utilization, and valuation. The analyst expects said Noble had three years left on a $2.5B revolver, but deteriorating earnings could result in a capital raise through debt and or equity sooner than expected.
10/03/16
10/03/16
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. Netgear (NTGR) downgraded to Hold from Buy at BWS Financial with analyst Hamed Khorsand saying shares are up approximately 100% this year and are being valued as though there could be a continuous purchasing cycle for the latest products Netgear sells, which he does not believe to be the case. 2. TASER (TASR) downgraded to Neutral from Buy at Ladenburg. 3. Citrix (CTXS) downgraded to Sell from Neutral at UBS with analyst Brent Thill saying he believes the next part of the company's transition will be more difficult reflecting the GoTo spin-off; its fastest growing segment. 4. Robert Half (RHI) downgraded to Underperform from Neutral at Credit Suisse with analyst Anjaneya Singh citing fewer catalysts and increased downside risk in a slowing labor market. 5. Noble Corp. (NE) downgraded to Hold from Buy at Societe Generale with analyst Edward Muztafago citing recent share strength and lower earnings from reduced offshore spending. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/16
GHSC
10/07/16
DOWNGRADE
GHSC
Neutral
Noble Corp. downgraded to Neutral from Accumulate at Seaport Global
Seaport Global analyst Mark Brown downgraded Noble Corp to Neutral saying shares are now fairly valued and maintained its $6 price target.
RDC Rowan Companies
$15.72

0.56 (3.69%)

10/07/16
GHSC
10/07/16
DOWNGRADE
Target $15
GHSC
Neutral
Rowan Companies downgraded to Neutral from Buy at Seaport Global
As previously reported, Seaport Global downgraded Rowan to Neutral from Buy. Analyst Mark Brown said shares are fairly valued following recent stock strength and maintained its $15 price target on shares.
10/03/16
SOCG
10/03/16
DOWNGRADE
Target $11
SOCG
Sell
Rowan Companies downgraded to Sell from Hold at Societe Generale
Societe Generale analyst Edward Muztafago downgraded Rowan to Sell and lowered its price target to $11 from $16 due to a lower earnings outlook from reduced shallow water spending.
10/07/16
GHSC
10/07/16
DOWNGRADE
GHSC
Neutral
Rowan Companies downgraded to Neutral from Buy at Seaport Global
11/03/16
SOCG
11/03/16
UPGRADE
SOCG
Hold
Rowan Companies upgraded to Hold from Sell at Societe Generale
SLB Schlumberger
$80.06

-0.04 (-0.05%)

10/31/16
JEFF
10/31/16
NO CHANGE
Target $48
JEFF
Hold
Baker gets no premium in GE deal without synergies, says Jefferies
Jefferies analyst Brad Handler says his quick valuation suggests that Baker Hughes (BHI) receives no premium in its merger with General Electric (GE) without synergies. The lack of premium isn't surprising as the deal will be "sold" based on cost and revenue synergies, Handler tells investors in a research note. He notes that the cost synergies target of $1.6B by 2020 is a surprise based on Schlumberger's and Cameron's (CAM) target of $500M. Handler has a Hold rating on Baker Hughes with a $48 price target.
10/25/16
SBSH
10/25/16
NO CHANGE
Target $95
SBSH
Buy
Schlumberger post-earnings selloff a buying opportunity, says Citi
Citi analyst Scott Gruber recommends using the post-earnings weakness in shares of Schlumberger as a buying opportunity. The analyst says his talk with management post the earnings call provided a "more enthusiastic" revenue outlook. Gruber raised his price target for the shares to $95 from $93 and keeps a Buy rating on Schlumberger.
RIG Transocean
$11.30

0.285 (2.59%)

11/03/16
11/03/16
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. Transocean (RIG) upgraded to Buy from Hold at Canaccord with analyst Alex Brooks noting the company reported very strong third quarter results due to its cost cutting efforts. 2. U.S. Steel (X) upgraded to Neutral from Underperform at BofA/Merrill and to Neutral from Sell at Clarksons Platou. 3. Targa Resources (TRGP) upgraded to Buy from Hold at Stifel with analyst Selman Akyoi citing what he sees as strong fourth quarter export guidance by the company as the primary reason for the upgrade. 4. LendingClub (LC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette saying LendingClub shares are inexpensive and its recent developments/investor survey indicates a stable outlook. 5. Finish Line (FINL) upgraded to Positive from Neutral at Susquehanna with analyst Sam Poser saying he views reports the company is looking to sell JackRabbit as a positive development and believes the company will benefit greatly from its added focus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/26/16
10/26/16
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. Time Warner (TWX) upgraded to Overweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying AT&T (T) has a "number of ways" to deal with regulatory concerns over the merger. 2. Procter & Gamble upgraded to Outperform from Underperform at CLSA with analyst Caroline Levy saying she believes P&G is positioned long-term growth as benefits of six years of efficiency projects continue to yield savings and scale. 3. Transocean upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Ole Slorer saying Transocean is executing on cost controls resulting in positive Earnings Before Interest, Tax, Depreciation and Amortization accretion of $600M in 2016 alone and sees an improved 2019 liquidity position as a result. 4. Philips (PHG) upgraded to Buy from Hold at HSBC with analyst Jan Keppeler citing the company's recovering margins. 5. Baker Hughes (BHI) upgraded to Outperform from Market Perform at Cowen with analyst Marc Bianchi saying cost cutting execution has been impressive with a total of $1B in savings, compared to guidance of $650M by year end 2016, and sees more to come. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/03/16
ADAM
11/03/16
UPGRADE
ADAM
Buy
Transocean upgraded to Buy from Hold at Canaccord
11/03/16
ADAM
11/03/16
UPGRADE
Target $11
ADAM
Buy
Transocean upgraded to Buy at Canaccord
As reported previously, Canaccord analyst Alex Brooks upgraded Transocean to Buy from Hold. The analyst noted the company reported very strong Q3 results due to its cost cutting efforts. Brooks said the current valuation is not compelling and its debt load is heavy, but with expectations low the risk/reward is favorable. Brooks raised his price target to $11 from $9 on Transocean shares.
WFT Weatherford
$4.84

-0.225 (-4.45%)

11/10/16
LYON
11/10/16
UPGRADE
LYON
Buy
Weatherford upgraded to Buy from Outperform at CLSA
11/10/16
LYON
11/10/16
UPGRADE
LYON
Buy
Weatherford upgraded to Buy from Underperform at CLSA
CLSA analyst David Havens upgraded Weatherford to Buy from Underperform and raised its price target to $8 from $5 following news that Bernard Duroc-Danner is no longer CEO. The analyst believes this is a step towards restoring investor confidence and that Weatherford could be a turnaround stock.
11/02/16
EVER
11/02/16
NO CHANGE
Target $8
EVER
Buy
Weatherford selloff overdone, says Evercore ISI
Evercore ISI analyst James West said the selloff in Weatherford is overdone and a "good" buying opportunity. West said the selloff was mainly driven by reports forecasting covenant breaches and a potential equity raise. The analyst does not expect a covenant breach and said Weatherford published an 8-K to refute concerns and said it remains compliant. West never factored in a takeover of Weatherford but actually believes the company is a more attractive target today following the GE/Baker Hughes news.
11/02/16
RAJA
11/02/16
DOWNGRADE
RAJA
Outperform
Weatherford downgraded to Outperform from Strong Buy at Raymond James

TODAY'S FREE FLY STORIES

AAPL

Apple

$156.07

-2.66 (-1.68%)

09:57
09/21/17
09/21
09:57
09/21/17
09:57
Technical Analysis
Technical View: Apple edges below uptrend support line »

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  • 22

    Oct

AR

Antero Resources

$20.21

-0.09 (-0.44%)

09:56
09/21/17
09/21
09:56
09/21/17
09:56
Downgrade
Antero Resources rating change  »

Antero Resources…

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ALKS

Alkermes

$50.66

0.12 (0.24%)

09:55
09/21/17
09/21
09:55
09/21/17
09:55
Hot Stocks
Alkermes CEO highlights study showing opioids reduce life expectancy »

Alkermes CEO Richard Pops…

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  • 18

    Oct

APC

Anadarko

$47.29

2.48 (5.53%)

, PEG

PSEG

$45.88

0.645 (1.43%)

09:55
09/21/17
09/21
09:55
09/21/17
09:55
Options
Early notable gainers among liquid option names on September 21st »

Notable gainers among…

APC

Anadarko

$47.29

2.48 (5.53%)

PEG

PSEG

$45.88

0.645 (1.43%)

SLG

SL Green Realty

$98.99

1.27 (1.30%)

TSS

TSYS

$68.28

0.83 (1.23%)

CF

CF Industries

$35.50

0.31 (0.88%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 21

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  • 05

    Nov

AMD

AMD

$13.74

0.62 (4.73%)

09:53
09/21/17
09/21
09:53
09/21/17
09:53
Options
Flurry of activity in AMD calls early-Thursday »

Flurry of activity in AMD…

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OMP

Oasis Midstream Partners

, OAS

Oasis Petroleum

$8.83

-0.085 (-0.95%)

09:51
09/21/17
09/21
09:51
09/21/17
09:51
Syndicate
Breaking Syndicate news story on Oasis Midstream Partners, Oasis Petroleum »

Oasis Midstream Partners…

OMP

Oasis Midstream Partners

OAS

Oasis Petroleum

$8.83

-0.085 (-0.95%)

03/08/13
Wedge Partners
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  • 25

    Sep

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    Sep

KEG

Key Energy

$12.59

-0.05 (-0.40%)

09:50
09/21/17
09/21
09:50
09/21/17
09:50
Initiation
Key Energy initiated  »

Key Energy initiated with…

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  • 25

    Sep

EXPE

Expedia

$143.01

1.54 (1.09%)

, GOOG

Alphabet

$931.58

9.77 (1.06%)

09:49
09/21/17
09/21
09:49
09/21/17
09:49
Periodicals
Expedia CEO says HomeAway unit profit goal may need shifting, Skift reports »

Expedia (EXPE) CEO Mark…

EXPE

Expedia

$143.01

1.54 (1.09%)

GOOG

Alphabet

$931.58

9.77 (1.06%)

GOOGL

Alphabet Class A

$947.54

10.68 (1.14%)

AMZN

Amazon.com

$973.21

3.35 (0.35%)

MSFT

Microsoft

$74.94

-0.5 (-0.66%)

AAPL

Apple

$156.07

-2.66 (-1.68%)

FB

Facebook

$172.17

-0.35 (-0.20%)

03/08/13
Wedge Partners
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03/06/13
Citigroup
03/06/13
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  • 22

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  • 02

    Oct

  • 22

    Oct

  • 29

    Nov

HON

Honeywell

$139.09

0.4 (0.29%)

09:48
09/21/17
09/21
09:48
09/21/17
09:48
Recommendations
Honeywell could rally over 14% on portfolio shakeup, says Deutsche Bank »

Honeywell is expected to…

03/08/13
Wedge Partners
03/08/13
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MBUU

Malibu Boats

$28.53

0.2 (0.71%)

09:48
09/21/17
09/21
09:48
09/21/17
09:48
Periodicals
Breaking Periodicals news story on Malibu Boats »

Malibu Boats mentioned…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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GPRO

GoPro

$10.66

-0.31 (-2.83%)

09:47
09/21/17
09/21
09:47
09/21/17
09:47
Recommendations
GoPro analyst commentary  »

GoPro unit and earnings…

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09:46
09/21/17
09/21
09:46
09/21/17
09:46
General news
Bloomberg Consumer Comfort Index Level data reported »

Week of 9/17 Bloomberg…

JD

JD.com

$44.44

0.11 (0.25%)

09:45
09/21/17
09/21
09:45
09/21/17
09:45
Recommendations
JD.com analyst commentary  »

JD.com estimates cut…

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09:45
09/21/17
09/21
09:45
09/21/17
09:45
General news
U.S. leading indicators preview: »

U.S. leading indicators…

09:45
09/21/17
09/21
09:45
09/21/17
09:45
General news
Leading Indicators to be reported at 10:00 »

August Leading Indicators…

ALIOF

Actelion

$277.27

-2.73 (-0.98%)

09:45
09/21/17
09/21
09:45
09/21/17
09:45
Conference/Events
Actelion has a conference call hosted by JPMorgan »

JPMorgan Analyst Gordon…

03/08/13
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  • 21

    Sep

OMP

Oasis Midstream Partners

, OAS

Oasis Petroleum

09:44
09/21/17
09/21
09:44
09/21/17
09:44
Syndicate
Breaking Syndicate news story on Oasis Midstream Partners, Oasis Petroleum »

Oasis Midstream Partners…

OMP

Oasis Midstream Partners

OAS

Oasis Petroleum

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Sep

  • 27

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  • 21

    Sep

MDXG

MiMedx

$12.34

-0.82 (-6.23%)

09:43
09/21/17
09/21
09:43
09/21/17
09:43
Hot Stocks
MiMedx files lawsuit against The Capitol Forum »

MiMedx Group announced…

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  • 25

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  • 13

    Nov

  • 14

    Nov

NVDA

Nvidia

$185.84

-1.51 (-0.81%)

09:42
09/21/17
09/21
09:42
09/21/17
09:42
Technical Analysis
Technical View: Nvidia falls in early trading »

The stock was last down…

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OMP

Oasis Midstream Partners

, OAS

Oasis Petroleum

09:41
09/21/17
09/21
09:41
09/21/17
09:41
Syndicate
Breaking Syndicate news story on Oasis Midstream Partners, Oasis Petroleum »

Oasis Midstream Partners…

OMP

Oasis Midstream Partners

OAS

Oasis Petroleum

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

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  • 25

    Sep

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  • 21

    Sep

AMD

AMD

$13.74

0.62 (4.73%)

, MRO

Marathon Oil

09:40
09/21/17
09/21
09:40
09/21/17
09:40
Options
Unusually active option classes on open September 21st »

Unusual total active…

AMD

AMD

$13.74

0.62 (4.73%)

MRO

Marathon Oil

NVDA

Nvidia

$185.84

-1.51 (-0.81%)

GLD

SPDR Gold Trust

JD

JD.com

$44.44

0.11 (0.25%)

SLV

iShares Silver Trust

TEVA

Teva

GDX

Market Vector Gold Miners

NUGT

Direxion Gold Miners Bull

KR

Kroger

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

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  • 27

    Sep

  • 10

    Oct

  • 11

    Oct

  • 02

    Nov

  • 30

    Nov

DIS

Disney

09:39
09/21/17
09/21
09:39
09/21/17
09:39
Hot Stocks
Walt Disney names Rebecca Campbell next President of EMEA »

Walt Disney International…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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OMP

Oasis Midstream Partners

, OAS

Oasis Petroleum

09:39
09/21/17
09/21
09:39
09/21/17
09:39
Syndicate
Oasis Midstream Partners indicated to open at $16.80, IPO priced at $17 »

As announced by Oasis…

OMP

Oasis Midstream Partners

OAS

Oasis Petroleum

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

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  • 25

    Sep

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    Sep

  • 21

    Sep

APC

Anadarko

09:38
09/21/17
09/21
09:38
09/21/17
09:38
Technical Analysis
Technical View: Anadarko trades higher on $2.5B share buyback plan »

The shares were last up…

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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

    Sep

NBIX

Neurocrine

$56.80

0.47 (0.83%)

, TEVA

Teva

09:34
09/21/17
09/21
09:34
09/21/17
09:34
Recommendations
Neurocrine, Teva analyst commentary  »

Baird physician survey…

NBIX

Neurocrine

$56.80

0.47 (0.83%)

TEVA

Teva

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

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  • 27

    Sep

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