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PAA

Plains All American

$29.99

-1.13 (-3.63%)

, BPL

Buckeye Partners

$63.92

-1.14 (-1.75%)

08:55
11/29/16
11/29
08:55
11/29/16
08:55

Jefferies to hold a conference

2016 Energy Conference is being held in Houston, Texas on November 29-30 with webcasted company presentations to begin on November 29 at 9:00 am; not all company presentations may be webcasted. Webcast Link

PAA

Plains All American

$29.99

-1.13 (-3.63%)

BPL

Buckeye Partners

$63.92

-1.14 (-1.75%)

KMI

Kinder Morgan

$21.43

-0.38 (-1.74%)

APC

Anadarko

$62.00

-1.75 (-2.75%)

ATW

Atwood Oceanics

WGP

Western Gas Equity

$42.43

-0.46 (-1.07%)

HCLP

Hi-Crush Partners

$16.20

-0.6 (-3.57%)

EQT

EQT Corporation

$70.20

0.06 (0.09%)

SN

Sanchez Energy

$7.20

-0.55 (-7.10%)

HAL

Halliburton

$48.80

-0.71 (-1.43%)

PDS

Precision Drilling

$4.61

-0.23 (-4.75%)

FI

Frank's International

$12.17

0.19 (1.59%)

PTEN

Patterson-UTI

$23.71

-0.48 (-1.98%)

RICE

Rice Energy

$25.44

-0.24 (-0.93%)

NR

Newpark Resources

$7.50

-0.3 (-3.85%)

RES

RPC, Inc.

$18.12

-0.16 (-0.88%)

FMSA

Fairmount Santrol

$8.41

-0.39 (-4.43%)

CAPL

CrossAmerica

$25.40

-0.24 (-0.94%)

ERII

Energy Recovery

$11.16

-0.47 (-4.04%)

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    Jan

PAA Plains All American
$29.99

-1.13 (-3.63%)

10/13/16
PIPR
10/13/16
UPGRADE
Target $36
PIPR
Overweight
Plains All American upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Brian Gamble upgraded Plains All American to Overweight citing the company's Permian leverage and upside optionality from increasing producer activity. The analyst raised his price target for the shares to $36 from $31.
10/10/16
DBAB
10/10/16
UPGRADE
Target $37
DBAB
Buy
Plains All American upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Kristina Kazarian upgraded Plains All American to Buy and raised her price target for the shares to $37 from $31.
10/05/16
10/05/16
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. UBS (UBS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Fiona Swaffield saying she sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower. 2. Parker-Hannifin (PH) upgraded to Buy from Hold at Stifel with analyst Nathan Jones saying distributors expect to see revenue growth declining 2% in the second quarter of fiscal 2017 which he believes should be enough for Parker to see its first positive year-over-year revenue comp company wide in six quarters. 3. Flex (FLEX) upgraded to Conviction Buy from Buy at Goldman with analyst Mark Delaney saying it is positioned to benefit from entry into new markets and valuation looks attractive. 4. KBR (KBR) upgraded to Accumulate from Hold at Johnson Rice with analyst Martin Malloy citing the recent pullback in shares and said the stock multiple should trend higher given the shift in business mix to more low-risk, cost reimbursement revenues. 5. Plains All American (PAA) upgraded to Outperform from Market Perform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
WELS
10/05/16
UPGRADE
WELS
Outperform
Plains All American upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Blum upgraded Plains All American to Outperform on expectations the Permian will lead the recovery in U.S. oil supply growth as global supply/demand tightens. The analyst raised his price target range for the shares to $34-$36 from $28-$31.
BPL Buckeye Partners
$63.92

-1.14 (-1.75%)

10/12/16
10/12/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AB InBev (BUD) reinstated with an Outperform at Credit Suisse. 2. GrubHub (GRUB) initiated with a Buy at Argus. 3. Dave & Buster's (PLAY) initiated with an Outperform at Wells Fargo. 4. Buckeye Partners (BPL) initiated with a Neutral at Credit Suisse. 5. Luminex (LMNX) initiated with an Outperform at Avondale. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
FBCO
10/12/16
INITIATION
Target $78
FBCO
Neutral
Buckeye Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst John Edwards initiated Buckeye Partners with a Neutral and a $78 price target.
09/29/16
MZHO
09/29/16
INITIATION
Target $76
MZHO
Neutral
Buckeye Partners initiated with a Neutral at Mizuho
Mizuho initiated Buckeye Partners with a Neutral and a $76 price target.
09/19/16
GSCO
09/19/16
UPGRADE
Target $78
GSCO
Buy
Buckeye Partners upgraded to Buy from Neutral at Goldman
Goldman analyst Theodore Durbin upgraded Buckeye Partners to Buy citing attractive valuation, visible growth, financial stability, manageable leverage, and downside protection. The analyst maintained his $78 price target on shares.
KMI Kinder Morgan
$21.43

-0.38 (-1.74%)

10/24/16
BMOC
10/24/16
UPGRADE
Target $26
BMOC
Outperform
Kinder Morgan upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Danilo Juvane upgraded Kinder Morgan to Outperform and raised its price target to $26 from $20. The analyst has increased conviction in the pending approval of the $5.4B Trans Mountain project saying it sets the stage for a "trifecta" that includes a 2019 dividend rebasing to $1.50/share, with 10% growth, coverage of 1.2x, and leverage below 5x. Juvane views Kinder Morgan as a core holding in any midstream portfolio and said shares trade at a discount.
10/20/16
10/20/16
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. American Express (AXP) upgraded to Neutral from Underperform at BofA/Merrill with the firm's analyst saying the third quarter earnings report points to better than expected billings and higher net interest income and should result in improved sentiment. 2. Kinder Morgan (KMI) upgraded to Outperform from Neutral at Credit Suisse, to Buy from Hold at Stifel, and to Outperform from Peer Perform at Wolfe Research. 3. MAA (MAA) upgraded to Buy from Hold at Jefferies and to Outperform from Market Perform at JMP Securities. 4. Banc of California (BANC) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing a steep recent selloff that culminated with Tuesday's decline sparked by a negative Seeking Alpha post. The bank has refuted the most meaningful claim in the recent article and its just-released earnings beat expectations, driven by higher fee income levels, Tenner tells investors. 5. DragonWave (DRWI) upgraded to Hold from Sell at Desjardins with analyst Maher Yaghi saying the Sprint (S) contract announcement may be large enough to bring operations back into a cash neutral position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/16
RAJA
10/24/16
UPGRADE
Target $27
RAJA
Strong Buy
Kinder Morgan upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Darren Horowitz upgraded Kinder Morgan to Strong Buy and raised its price target to $27 from $23 saying its financial strength has improved and is better positioned to enhance future value. The anlalyst said its leverage profile continues to improve, placing it on a path of sub-5x leverage by Q1 2018, at which point he expects the company to begin to return cash to shareholders through substantial dividend growth.
10/24/16
10/24/16
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. Verizon (VZ) upgraded to Buy from Hold at Drexel Hamilton with analyst Barry Sine ting valuation, and expectations for earnings acceleration driven by wireless revenue growth, Internet of Things acquisitions, and reduced losses from strategic media investments. 2. 3M (MMM) upgraded to Overweight from Equal Weight at Barclays with analyst Scott Davis saying the negative earnings revision cycle is nearing an end and the recent pullback in the shares has created an attractive entry point. 3. CarMax (KMX) upgraded to Buy from Hold at Deutsche Bank with analyst Rod Lache saying the company should benefit as the value equation shifts to used versus new cars. 4. Dick's Sporting upgraded to Outperform from Market Perform at Cowen with analyst John Kernan citing Dick's market share gains, customer satisfaction, and accelerated traffic trends, saying that they all suggest momentum in its business. 5. Kinder Morgan (KMI) upgraded to Outperform from Market Perform at BMO Capital and to Strong Buy from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
APC Anadarko
$62.00

-1.75 (-2.75%)

11/11/16
11/11/16
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. Disney (DIS) upgraded to Equal Weight from Underweight at Barclays with analyst Kannan Venkateshwar saying ESPN is "de-risked" going into 2017 after management quantified the impact of the new NBA contract. 2. Aetna (AET) and Humana (HUM) were upgraded to Outperform from Neutral at Credit Suisse, while the firm upgraded WellCare (WCG) to Neutral from Underperform. 3. Anadarko (APC) and EOG Resources (EOG) were upgraded to Buy from Neutral at Guggenheim. 4. Tiffany (TIF) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes the luxury market is coming back and Tiffany is well positioned and a trusted brand. 5. Vornado (VNO) upgraded to Buy from Neutral at BofA/Merrill with analyst James Feldman saying he believes the decision to spin DC and partner with JBG will allow management to focus on the New York City platform and notes the Penn Plaza corridor is rapidly improving. 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
UPGRADE
Target $77

Outperform
Anadarko upgraded to Outperform on outperformance at Credit Suisse
As previously reported, Credit Suisse upgraded Anadarko to Outperform from Neutral. Analyst Edward Westlake raised his price target to $77 from $70 on Anadarko based on Delaware Estimated Ultimate Recovery's, some option value for Proven Undeveloped Reserves in gassy disposals, some value for Cote D'Ivoire and two extra tiebacks in the Gulf of Mexico per year. He expects Anadarko to continue to monetize assets to reduce debt and to focus on core areas of Delaware, Wattenberg, and Deepwater Gulf of Mexico.
11/02/16
FBCO
11/02/16
UPGRADE
FBCO
Outperform
Anadarko upgraded to Outperform from Neutral at Credit Suisse
11/11/16
GUGG
11/11/16
UPGRADE
GUGG
Buy
Anadarko upgraded to Buy from Neutral at Guggenheim
ATW Atwood Oceanics

11/17/16
11/17/16
DOWNGRADE
Target $10

Equal Weight
Atwood Oceanics downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Matthew Marietta downgraded Atwood Oceanics to Equal Weight from Overweight due to limited visibility into the fleet into 2017/2018. The analyst notes that his expectations for an earlier start-up for the potential work in Brazil and for extensions to materialize prior to year-end were "too optimistic." However, Marietta maintains his view of attractive asset valuation and potential for the company to be an acquisition target. He also lowered his price target on the shares to $10 from $16.
11/17/16
SBSH
11/17/16
DOWNGRADE
Target $5.5
SBSH
Sell
Atwood Oceanics downgraded to Sell from Neutral at Citi
Citi analyst Scott Gruber downgraded Atwood Oceanics to Sell citing covenant and balance sheet concerns. The company's current market capitalization is smaller than the balance outstanding on its revolver, challenging its ability to reduce the facility, Gruber tells investors in a research note. He cut his price target for Atwood shares to $5.50 from $10.
11/17/16
SPHN
11/17/16
DOWNGRADE
SPHN
Equal Weight
Atwood Oceanics downgraded to Equal Weight from Overweight at Stephens
11/17/16
11/17/16
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. Lowe's (LOW) downgraded to Market Perform from Outperform at Telsey Advisory. 2. Chipotle (CMG) downgraded to Sell from Neutral at Guggenheim. 3. First Solar (FSLR) downgraded to Underperform from Market Perform at Avondale. 4. AB InBev (BUD) downgraded to Hold from Buy at Investec with analyst Anthony Geard citing weak third quarter results and high cost savings goals from the newly acquired SAB. 5. Atwood Oceanics (ATW) downgraded to Sell from Neutral at Citi and to Equal Weight from Overweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WGP Western Gas Equity
$42.43

-0.46 (-1.07%)

09/14/16
JANY
09/14/16
NO CHANGE
JANY
Anadarko deal positive for Western Gas, Genesis Energy, says Janney Capital
Janney Capital analyst Akil Marsh said he sees positive "read across" to Western Gas Partners (WES) and Western Gas Equity (WGP), as wells as to Genesis Energy (GEL), from Anadarko's (APC) $2B deal to buy deepwater Gulf of Mexico assets from Freeport McMoRan (FCX). Marsh explains that Western Gas should benefit from the increased likelihood of higher volumes while the improved long-term sustainability of drilling in these assets is good for Genesis' offshore pipelines.
10/10/16
LEHM
10/10/16
UPGRADE
LEHM
Overweight
Western Gas Equity upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Heejung Ryoo upgraded Western Gas Equity to Overweight and raised its price target to $52 saying it offer the best way to play the Delaware Basin midstream opportunity.
10/11/16
RBCM
10/11/16
NO CHANGE
RBCM
Western Gas Equity price target raised to $48 from $44 at RBC Capital
After touring Western Gas' Delaware Basin property, RBC Capital analyst Elvira Scotto is more upbeat on the company's growth potential. The analyst thinks that the company can benefit from "strong" crude oil production growth, increasing third party volumes, and the growth of its gas gathering and water disposal businesses. She raised her medium term growth outlook for the company to 5.5%-6% from 5% and keeps an Outperform rating.
07/29/16
07/29/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Ball Corp. (BLL) resumed with a Neutral at Citi. 2. Community Health (CYH) initiated with a Neutral at Credit Suisse. 3. Quorum Health (QHC) initiated with a Neutral at Credit Suisse. 4. Western Gas Equity (WGP) and Western Gas Partners (WEP) initiated with a Buy at Janney Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
HCLP Hi-Crush Partners
$16.20

-0.6 (-3.57%)

09/28/16
09/28/16
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. Workday (WDAY) upgraded to Neutral from Underperform at Wedbush with analyst Steve Koenig citing second-half 2016 sales potential, following a first-half which he thinks wasn't as good as generally perceived. 2. Dillard's (DDS) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Exstein citing the company's consistency in capital allocation and its valuation, which he says is at the low end of its historic trading range. 3. Cypress Energy (CELP) upgraded to Buy from Hold at Stifel analyst Michael Hoffman saying the CEO is upbeat on the company's outlook and its ability to maintain its distribution at current levels. 4. Huntington Bancshares (HBAN) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. 5. Hi-Crush Partners (HCLP) upgraded to Neutral from Sell at UBS with analyst Shneur Gershuni saying recent commentary from oil field service companies indicate an increase in sand demand and intensity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/16
UBSW
09/28/16
UPGRADE
Target $15
UBSW
Neutral
Hi-Crush Partners upgraded to Neutral from Sell at UBS
UBS analyst Shneur Gershuni upgraded Hi-Crush Partners LP to Neutral saying recent commentary from oil field service companies indicate an increase in sand demand and intensity. The analyst expects an uptick in volume of sand sold in the second half of 2016 with a larger increase in 2017. He raised his price target for Hi-Crush shares to $15 from $9.
07/11/16
JEFF
07/11/16
UPGRADE
Target $20
JEFF
Buy
Hi-Crush Partners upgraded to Buy from Hold at Jefferies
Jefferies analyst Brad Handler upgraded Hi-Crush Partners to Buy saying U.S. completions demand growth through the recovery is "likely to be powerful and is not fully reflected in shares." The analyst raised his price target for the shares to $20 from $6.
06/15/16
RAJA
06/15/16
UPGRADE
Target $17
RAJA
Strong Buy
Hi-Crush Partners upgraded to Strong Buy from Market Perform at Raymond James
Raymond James analyst J. Marshall Adkins double upgraded Hi-Crush Partners to Strong Buy from Market Perform saying the company's balance sheet has been de-risked "substantially" following two equity offerings in the past three months. The analyst expects the proceeds to go towards repaying debt and providing additional liquidity. He has a bullish outlook for the U.S. sand industry and a $17 price target for the shares.
EQT EQT Corporation
$70.20

0.06 (0.09%)

10/28/16
SBSH
10/28/16
UPGRADE
Target $80
SBSH
Buy
EQT Corporation upgraded to Buy from Neutral at Citi
Citi analyst Vikram Bagri upgraded EQT Corporation to Buy citing improving fundamentals and an attractive valuation following the company's Q3 results. He raised his price target for the shares to $80 from $75.
10/13/16
TUDR
10/13/16
DOWNGRADE
TUDR
Hold
EQT Corporation downgraded to Hold from Buy at Tudor Pickering
10/24/16
FBCO
10/24/16
INITIATION
Target $86
FBCO
Outperform
EQT Corporation initiated with an Outperform at Credit Suisse
Credit Suisse analyst Mark Lear initiated EQT Corporation with an Outperform and an $86 price target saying it is positioned in the heart of the Marcellus shale with potential upside from further delineation in the Utica Shale, a recovery in gas prices and the ability to extend laterals in the Marcellus.
11/17/16
DRXL
11/17/16
INITIATION
Target $86
DRXL
Buy
EQT Corporation initiated with a Buy at Drexel Hamilton
Drexel Hamilton analyst John Ragozzino initiated EQT Midstream with a Buy and an $86 price target.
SN Sanchez Energy
$7.20

-0.55 (-7.10%)

10/13/16
FBCO
10/13/16
DOWNGRADE
Target $8
FBCO
Neutral
Sanchez Energy downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analysts led by Mark Lear downgraded Sanchez Energy to Neutral as a result of a lower long-term WTI forecast to $62.50 /bbl from $67.50 and limited upside to a revised NAV estimate. Lear lowered his price target on Sanchez Energy to $8 from $10 on shares.
08/19/16
KLRG
08/19/16
DOWNGRADE
Target $10
KLRG
Accumulate
Sanchez Energy downgraded to Accumulate from Buy at KLR Group
KLR Group analyst John Gerdes downgraded Sanchez Energy to Accumulate citing valuation with the stock up 50% since his mid-July upgrade. The analyst keeps a $10 price target for the shares.
07/18/16
KLRG
07/18/16
UPGRADE
Target $9
KLRG
Buy
Sanchez Energy upgraded to Buy from Hold at KLR Group
KLR Group analyst John Gerdes upgraded Sanchez Energy to Buy with a $9 price target.
05/11/16
KLRG
05/11/16
DOWNGRADE
Target $8
KLRG
Hold
Sanchez Energy downgraded to Hold from Buy at KLR Group
KLR Group downgraded Sanchez Energy to Hold from Buy on valuation, noting that the stock has tripled since late January. Analyst John Gerdes cut his price target to $8 from $9 due to lower liquids price realizations and slightly higher operating expense.
HAL Halliburton
$48.80

-0.71 (-1.43%)

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.
11/22/16
CLVD
11/22/16
NO CHANGE
CLVD
Cleveland sees Halliburton's 2017 below expectations
Cleveland Research analyst Bryan Merolla sees Halliburton's 2017 outlook below expectations given recent lower commodity prices as feedback continues to point to sustained oil prices in the $55-$60 range necessary for meaningful activity growth. Should activity levels rise slower than expected, The analyst views it as unlikely that margins can see significant improvement due to continued overcapacity in the market for most service lines, particularly pressure pumping.
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.
11/21/16
OPCO
11/21/16
NO CHANGE
OPCO
Oppenheimer recommends buying Technology, Energy ahead of breakout
Oppenheimer analyst Ari Wald says that the S&P 500's bullish reversal of its eight-week downtrend is confirming the start of a year-end rally, and cyclical stocks should be owned given resuming strength in the index's long-term trend. The analyst thinks the current opportunity is to buy Technology and Energy ahead of a breakout, namely Apple (AAPL), Seagate (STX), Skyworks (SWKS), Western Digital (WDC), Apache (APA), Chevron (CVX), Halliburton (HAL), and Helmerich & Payne (HP).
PDS Precision Drilling
$4.61

-0.23 (-4.75%)

09/15/16
DADA
09/15/16
INITIATION
Target $5.5
DADA
Buy
Precision Drilling initiated with a Buy at DA Davidson
DA Davidson analyst Sonny Randhawa initiated Precision Drilling with a Buy and a $5.50 price target saying its superior positioning in the deep gas Montney and Duvernay basins and exceptional executions should position it to continue to take share.
09/06/16
JEFF
09/06/16
UPGRADE
Target $4.5
JEFF
Hold
Precision Drilling upgraded to Hold from Underperform at Jefferies
Jefferies analyst Brad Handler upgraded Precision Drilling to Hold saying downside risks have narrowed following the recent underperformance of the shares. The analyst raised his price target for the shares to $4.50 from $4.
11/29/16
TUDR
11/29/16
UPGRADE
TUDR
Buy
Precision Drilling upgraded to Buy from Hold at Tudor Pickering
10/24/16
SCOT
10/24/16
UPGRADE
SCOT
Sector Perform
Precision Drilling upgraded to Sector Perform from Underperform at Scotiabank
Scotiabank upgraded Precision Drilling to Sector Perform to reflect rising rig count and some pricing power that should drive sentiment.
FI Frank's International
$12.17

0.19 (1.59%)

11/02/16
MSCO
11/02/16
DOWNGRADE
MSCO
Equal Weight
Frank's International downgraded to Equal Weight at Morgan Stanley
Morgan Stanley downgraded Frank's International to Equal Weight from Overweight.
11/02/16
11/02/16
DOWNGRADE
Target $14

Equal Weight
Frank's International downgraded ahead of results at Morgan Stanley
As previously reported, Morgan Stanley downgraded Frank's International to Equal Weight from Overweight and a $14 price target. Analyst Ole Slorer is cautious on Frank's heading into the report tomorrow given recent data from peers and expects a loss of 18c, versus consensus of 14c, and a weak outlook heading into 2017. He expects Frank's to continue to see Gulf of Mexico rig count declines and further declines in international sales as additional deepwater rigs rolled off contracts.
11/03/16
11/03/16
NO CHANGE

Frank's International reports Q3 adj. EPS (13c), consensus (14c)
Reports Q3 revenue $105.1M, consensus $109.7M.
08/25/16
UBSW
08/25/16
DOWNGRADE
Target $7.5
UBSW
Sell
Frank's International downgraded to Sell from Neutral at UBS
UBS analyst Angie Sedita downgraded Frnak's International to Sell and lowered its price target to $7.50 from $16. The analyst sees outsized earnings risk given Frank's significant offshore exposure and expects margins to remain under pressure as deepwater drilling declines and the mix shifts towards lower-margin shallow-water and onshore activity.
PTEN Patterson-UTI
$23.71

-0.48 (-1.98%)

09/14/16
GABE
09/14/16
UPGRADE
Target $26
GABE
Buy
Patterson-UTI upgraded to Buy from Hold at Gabelli
Gabelli analyst Simon Wong upgraded Patterson-UTI to Buy citing the recent pullback in shares and said the company remains in a strong financial position and owns a high quality fleet of land drilling rigs. The analyst has a $26 price target on Patterson-UTI shares.
09/15/16
09/15/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PayPal (PYPL) initiated with a Buy at Craig-Hallum. 2. Patterson-UTI (PTEN) initiated with a Buy at DA Davidson. 3. Symantec (SYMC) initiated with a Buy at Guggenheim. 4. Alexion (ALXN) initiated with an Underperform at FBR Capital. 5. Helmerich & Payne (HP) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
DADA
09/15/16
INITIATION
Target $26
DADA
Buy
Patterson-UTI initiated with a Buy at DA Davidson
DA Davidson analyst Sonny Randhawa initiated Patterson-UTI with a Buy and a $26 price target saying its high-quality land drilling fleet and modern pressure pumping equipment will drive earnings growth through the recovery.
08/16/16
08/16/16
UPGRADE

On The Fly: Top analyst upgrades
Catch up on today's top analyst upgrades with this list compiled by The Fly: 1. Vipshop (VIPS) was upgraded to Buy from Neutral at BofA/Merrill. 2. Chesapeake (CHK) was upgraded to Equalweight from Underweight and Forum Energy (FET) was upgraded to Overweight from Equalweight at Capital One. 3. Noble Corp. (NE) and Patterson-UTI (PTEN) were upgraded to Neutral from Underperform while Marathon Oil (MRO) and Sasol (SSL) were upgraded to Buy from Neutral at BofA/Merrill. 4. Shenandoah (SHEN) was upgraded to Outperform from Market Perform at Raymond James with analyst Ric Prentiss citing valuation, increased visibility into the future of the combined nTelos (NTLS) and Sprint (S) entity, and expectations of further transactions with Sprint that would expand its wireless coverage footprint and serve as a further catalysts for shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
RICE Rice Energy
$25.44

-0.24 (-0.93%)

11/07/16
GSCO
11/07/16
INITIATION
Target $27
GSCO
Neutral
Rice Energy reinitiated with a Neutral at Goldman
Goldman analyst John Nelson reinitiated Rice Energy with a Neutral and a $27 price target.
11/21/16
DBAB
11/21/16
UPGRADE
Target $33
DBAB
Buy
Rice Energy upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Josh Silverstein upgraded Rice Energy to Buy saying the long-term risk/reward outlook for natural gas producers has improved from six months ago. Rice is "largely insulated" in 2017 with hedges in place, Silverstein tells investors in a research note. He raised his price target for the shares to $33 from $30.
10/05/16
MZHO
10/05/16
INITIATION
Target $43
MZHO
Buy
Rice Energy initiated with a Buy at Mizuho
Mizuho analyst Timothy Rezvan initiated Rice Energy with a Buy and a $43 price target.
10/13/16
TUDR
10/13/16
DOWNGRADE
TUDR
Hold
Rice Energy downgraded to Hold from Buy at Tudor Pickering
NR Newpark Resources
$7.50

-0.3 (-3.85%)

07/18/16
FBCO
07/18/16
NO CHANGE
Target $7
FBCO
Outperform
Newpark Resources coverage assumed with an Outperform at Credit Suisse
Credit Suisse analyst Jacob Lundberg assumed coverage on Newpark with an Outperform and $7 price target.
09/30/16
LOOP
09/30/16
INITIATION
Target $9
LOOP
Hold
Newpark Resources initiated with a Hold at Loop Capital
Loop Capital analyst Stephen Gengaro initiated Newpark Resources with a Hold and a $9 price target.
06/15/16
SOCO
06/15/16
UPGRADE
Target $6
SOCO
Overweight
Newpark Resources upgraded to Overweight from Equalweight at Capital One
Capital One upgraded Newpark Resources to Overweight and raised its price target to $6 from $5. The firm's analyst has reduced balance sheet concerns and said Newpark growth potential screens well into 2018 on a North American onshore recovery off the bottom, continued EMEA growth, and Gulf of Mexico deepwater share gains.
06/01/16
FBCO
06/01/16
UPGRADE
Target $6
FBCO
Outperform
Newpark Resources upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst James Wicklund upgraded Newpark Resources to Outperform citing the company's market share gains and "technical competence through recent award wins." The analyst has a $6 price target for the shares.
RES RPC, Inc.
$18.12

-0.16 (-0.88%)

11/28/16
JEFF
11/28/16
INITIATION
Target $22
JEFF
Buy
RPC, Inc. initiated with a Buy at Jefferies
Jefferies analyst Brad Handler started RPC, Inc. with a Buy rating and $22 price target. The analyst expects hydraulic fracturing to see a "significant recovery" over the next few years.
10/04/16
GHSC
10/04/16
UPGRADE
Target $17
GHSC
Neutral
RPC, Inc. upgraded to Neutral from Reduce at Seaport Global
Seaport Global upgraded RPC, Inc to Neutral and increased EBITDA estimates to reflect greater utilization improvements over the next few years. Analyst Mark Brown raised his price target to $17 from $14 on shares but remains somewhat cautious on valuation.
07/28/16
MITR
07/28/16
UPGRADE
MITR
RPC, Inc. upgraded to Hold from Reduce at GMP Securities
05/17/16
IBER
05/17/16
UPGRADE
IBER
Conviction List
RPC, Inc. upgraded to Conviction List from Outperform at Iberia
Iberia analyst Blaise Angelico added RPC, Inc to the Conviction List saying it remains convinced the company is positioned to outperform and gain share through the downturn and beyond. The analyst expects earnings power to set new highs in the next cycle and maintains its Outperform rating and $20 price target.
FMSA Fairmount Santrol
$8.41

-0.39 (-4.43%)

09/07/16
FBCO
09/07/16
INITIATION
Target $7
FBCO
Neutral
Fairmount Santrol initiated with a Neutral at Credit Suisse
Credit Suisse analyst James Wicklund initiated Fairmount Santrol with a Neutral and $7 price target citing high debt and expectations resin coated sand demand will continue to be pressured.
11/07/16
FBCO
11/07/16
UPGRADE
Target $11
FBCO
Outperform
Fairmount Santrol upgraded to Outperform from Neutral at Credit Suisse
As previously reported, Credit Suisse upgraded Fairmount Santrol to Outperform from Neutral and raised its price target to $11 from $7. Analyst James Wicklund changed his view citing the recent $332M equity offering done in October that will help reduce outstanding debt and the strong Q3 report.
11/07/16
FBCO
11/07/16
UPGRADE
FBCO
Outperform
Fairmount Santrol upgraded to Outperform from Neutral at Credit Suisse
10/11/16
PIPR
10/11/16
NO CHANGE
Target $54
PIPR
Overweight
Piper Jaffray ups price targets in frac sand industry
Piper Jaffray analyst John Daniel reiterates his positive views on the U.S. frac sand industry. Most private sand mines are calling for higher volumes and price in the near-term, Daniel tells investors in a research note. The analyst raised his price target for U.S. Silica (SLCA) to $54 from $45 and for Fairmount Santrol (FMSA) to $10.25 from $9. Daniel keeps Overweight ratings on both names.
CAPL CrossAmerica
$25.40

-0.24 (-0.94%)

10/27/16
10/27/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fossil (FOSL) initiated with an Underperform at Buckingham. 2. AMAG Pharmaceuticals (AMAG) initiated with a Buy at Needham. 3. Ohr Pharmaceutical (OHRP) initiated with a Buy at H.C. Wainwright. 4. Sarepta (SRPT) initiated with an Equal Weight at Morgan Stanley. 5. CrossAmerica (CAPL) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/23/16
JANY
06/23/16
NO CHANGE
Target $27
JANY
CrossAmerica coverage assumed with a Buy at Janney Capital
Janney Capital analyst Michael Gyure assumed coverage on CrossAmerica with a Buy and $27 price target.
09/09/16
FBRC
09/09/16
INITIATION
Target $35
FBRC
Outperform
CrossAmerica initiated with an Outperform at FBR Capital
FBR Capital analyst Robert Balsamo initiated CrossAmerica (CAPL) with an Outperform, with a $35 price target, and added it to the FBR Alpha Generator list. The analyst believes CrossAmerica is well positioned to take advantage of growth opportunities in the fragmented retail gas distribution sector, as well as significant potential growth from the proposed CST/Alimentation Couche-Tard merger. He believes dealerized gas distribution limits margin variability and gasoline stable demand fdrives consistent underlying cash flows.
10/27/16
RBCM
10/27/16
INITIATION
Target $28
RBCM
Sector Perform
CrossAmerica initiated with a Sector Perform at RBC Capital
RBC Capital analyst Elvira Scotto initiated CrossAmerica with a Sector Perform and a $28 price target. The analyst recommends staying on the sidelines until he better understands the longer-term strategy for CrossAmerica following the proposed acquisition of its general partner.
ERII Energy Recovery
$11.16

-0.47 (-4.04%)

09/26/16
IBER
09/26/16
INITIATION
Target $21
IBER
Outperform
Energy Recovery initiated with an Outperform at Iberia
Iberia analyst Trey Stolz initiated Energy Recovery with an Outperform and a $21 price target.
09/27/16
IBER
09/27/16
UPGRADE
IBER
Conviction List
Follow-up: Energy Recovery added to Conviction List at Iberia
As previously reported, Iberia upgraded Energy Recovery to Conviction Buy from Buy. Analyst Trey Stolz sees upcoming near-term catalysts that can drive shares higher including expected results on a 5-stage test well hosted at Schlumberger's test facility, with a 20-stage well in the field likely to follow within a few months. The successful completion of these milestones would each result in a $25M payment from Schlumberger to the company as part of the $125M exclusivity agreement. Stolz also believes each test, assuming success, would be an enormous vote of confidence for the use of Energy Recovery's Pressure Exchanger in the oilfield, where onshore frac is, in his view, only the beginning of a potentially much larger market.
09/27/16
IBER
09/27/16
UPGRADE
IBER
Conviction List
Energy Recovery upgraded to Conviction List from Outperform at Iberia
09/27/16
EVER
09/27/16
INITIATION
Target $23
EVER
Buy
Energy Recovery initiated with a Buy at Evercore ISI
Evercore ISI analyst James West initiated Energy Recovery with a Buy and a $23 price target.

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BMRN

BioMarin

$82.21

-1.12 (-1.34%)

, ESALY

Eisai

$57.91

0.59 (1.03%)

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BioMarin

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Eisai

$57.91

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GW Pharmaceuticals

$112.32

3.04 (2.78%)

IART

Integra LifeSciences

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MDT

Medtronic

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Mallinckrodt

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0.51 (0.96%)

NVTA

Invitae

$6.95

0.16 (2.36%)

SAGE

SAGE Therapeutics

$49.02

-0.23 (-0.47%)

WTKWY

Wolters Kluwer

$34.08

-0.39 (-1.13%)

ZGNX

Zogenix

$13.05

0.35 (2.76%)

ZYNE

Zynerba

$13.64

0.83 (6.48%)

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

18:17
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Wal-Mart to pay $7.5M to settle same-sex spouse benefit case, Reuters reports »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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18:11
Periodicals
Johnson & Johnson said to raise offer for Actelion above $250, Bloomberg says »

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

$206.01

15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

18:00
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Hot Stocks
Celanese to raise list, off-list selling prices for paraformaldehyde »

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, GMED

Globus Medical

$21.89

0.12 (0.55%)

17:56
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On The Fly: After Hours Movers »

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

GMED

Globus Medical

$21.89

0.12 (0.55%)

BGS

B&G Foods

$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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ZEN

Zendesk

$21.17

0.34 (1.63%)

17:53
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Zendesk says SVPs Amanda Kleha and Marcus Bragg to resign »

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  • 08

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:42
12/02/16
12/02
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17:42
Periodicals
President Obama blocks China's Fujian from acquiring Aixtron, CNBC reports »

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CX

CEMEX

$7.83

0.09 (1.16%)

17:31
12/02/16
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CEMEX to divest ready-mix concrete pumping assets in Mexico »

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

17:30
12/02/16
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17:30
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

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  • 06

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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Breaking Syndicate news story on Moleculin Biotech »

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  • 06

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NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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Breaking Hot Stocks news story on HomeStreet, UMB Financial »

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HomeStreet

$29.35

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UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

17:21
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UMB Financial to replace Ingram Micro in S&P 400 as of 12/6 close »

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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Globus Medical to replace Talen Energy in S&P 400 as of 12/6 close »

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Globus Medical

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Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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President Obama blocks China's takeover of Aixtron, CNBC reports »

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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

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  • 10

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ALB

Albemarle

$84.86

-0.79 (-0.92%)

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Albemarle to increase prices for select brominated products »

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FOR

Forestar Group

$13.40

0.2 (1.52%)

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