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Fly News Breaks for December 7, 2015
EQT, MRO, RSPP, CXO
Dec 7, 2015 | 07:12 EDT
RBC Capital believes that consolidation in the oil and gas sector could accelerate significantly by late 2016 if commodities prices remain low. After examining historical trends, the firm says that sustained lower commodity prices facilitate M&A activity. It identifies Concho (CXO), RSP (RSPP), Marathon (MRO), and EQT Corp (EQT) as potential takeover targets in the sector.
News For CXO;RSPP;MRO;EQT From the Last 2 Days
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.