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IOC

InterOil

$50.55

-0.02 (-0.04%)

, XOM

Exxon Mobil

$86.74

-0.3 (-0.34%)

06:09
10/10/16
10/10
06:09
10/10/16
06:09

InterOil provides update on Exxon Mobil transaction

InterOil (IOC) announced that, after the close of business on October 7, the Supreme Court of Yukon approved the pending transaction with Exxon Mobil (XOM), including finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016. Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court's decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.

IOC

InterOil

$50.55

-0.02 (-0.04%)

XOM

Exxon Mobil

$86.74

-0.3 (-0.34%)

  • 16

    Oct

IOC InterOil
$50.55

-0.02 (-0.04%)

06/16/16
RAJA
06/16/16
DOWNGRADE
RAJA
Market Perform
InterOil downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Pavel Molchanov downgraded InterOil to Market Perform following the shareholder endorsement of the buyout by Oil Search.
08/15/16
BERN
08/15/16
DOWNGRADE
BERN
Market Perform
InterOil downgraded to Market Perform from Outperform at Bernstein
08/15/16
BERN
08/15/16
DOWNGRADE
BERN
Market Perform
InterOil downgraded following acquisition at Bernstein
As noted earlier, Bernstein downgraded InterOil (IOC) to Market Perform from Outperform. Analyst Neil Beveridge downgraded the stock after the company agreed to be acquired by ExxonMobil (XOM). Target $52.
08/15/16
08/15/16
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. McDonald's (MCD) downgraded to Hold from Buy at Argus with the firm citing expectations of slower comp-store sales growth, rising labor costs, and relatively high valuation will pressure shares over the next several quarters. 2. Dollar General (DG) downgraded to Hold from Buy at Jefferies with analyst Daniel Binder saying he views the stock as fairly valued at current levels. 3. InterOil (IOC) downgraded to Market Perform from Outperform at Bernstein. 4. Salesforce (CRM) downgraded to Mixed from Positive at OTR Global with the firm citing weak mid-tier partner checks that fell below expectations. 5. Best Buy (BBY) downgraded to Hold from Buy at Jefferies with analyst Daniel Binder saying he's less upbeat on the shares given the maturing 4K TV product cycle. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
XOM Exxon Mobil
$86.74

-0.3 (-0.34%)

06/02/16
06/02/16
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. Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying Exxon's strong relative performance discount's long-term oil at around $73/bbl and said shares appear to be fairly valued. 2. Intuitive Surgical (ISRG) downgraded to Neutral from Buy at Goldman with analyst David Roman saying the risk/reward looks balanced at current share levels. Roman lowered his price target for the stock to $674 from $690. 3. DeVry (DV) downgraded to Neutral from Outperform at Credit Suisse with analyst Trace Urdan saying he no longer feels confident in his investment thesis following the resignation of CFO Tim Wiggins. 4. Franklin Resources (BEN) downgraded to Sell from Neutral at UBS with analyst Brennan Hawken arguing the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39. 5. Progressive (PGR) downgraded to Sell from Neutral at Citi with analyst James Naklicki saying consensus margin and earnings expectations are too optimistic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/05/16
FBCO
07/05/16
NO CHANGE
FBCO
Outperform
Fluor scope on 'imminent' project could be multiple billions, says Credit Suisse
Credit Suisse Jamie Cook noted that the Tengizchevron joint venture, which is 50% owned by Chevron (CVX), 25% by ExxonMobil (XOM), 20% owned by KazMunayGas, and 5% owned by Lukoil, has announced plans to move forward with the TCO project, adding that Fluor (FLR) has been doing extensive work on TCO with its JV partner WorleyParsons and that most investors believed the likelihood of this project moving forward was "minimal." Cook, who believes Fluor's scope on this project could be "north of a couple billion" and that the company could book this award in Q2 or Q3 of this year, has an Outperform rating on Fluor shares.
08/16/16
BOFA
08/16/16
NO CHANGE
BOFA
Energy Sector raised to Overweight from Market Weight at BofA/Merrill
BofA/Merrill's commodity strategist team upgraded the Energy Sector to Overweight saying most of the selloff in oil prices is behind us and oil production continues to fall as investment and rig counts have dropped. The team said the oil market deficit will last through 2020 unless oil prices are sustained above $80/bbl and expects earnings expectations to continue to move higher.

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PBYI

Puma Biotechnology

$90.85

-8.4 (-8.46%)

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ADTN

Adtran

$19.50

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Earnings
Adtran reports Q4 adj. EPS 5c, consensus (4c) »

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PSTG

Pure Storage

$16.16

-0.31 (-1.88%)

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PSDO

Presidio

$17.74

-0.96 (-5.13%)

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JNPR

Juniper

$28.61

-0.28 (-0.97%)

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  • 30

    Jan

IDTI

Integrated Device

$31.75

-0.54 (-1.67%)

, MRVL

Marvell

$23.58

-0.26 (-1.09%)

05:22
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05:22
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Integrated Device, Marvell rating change  »

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IDTI

Integrated Device

$31.75

-0.54 (-1.67%)

MRVL

Marvell

$23.58

-0.26 (-1.09%)

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  • 29

    Jan

WWR

Westwater Resources

$1.01

-0.0449 (-4.26%)

05:20
01/17/18
01/17
05:20
01/17/18
05:20
Hot Stocks
Westwater Resources confirms receipt of $1.5M from Laramide, provides update »

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IBM

IBM

$163.85

0.71 (0.44%)

, AMZN

Amazon.com

$1,304.86

-0.34 (-0.03%)

05:20
01/17/18
01/17
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05:20
Upgrade
IBM, Amazon.com, Microsoft rating change  »

IBM upgraded to…

IBM

IBM

$163.85

0.71 (0.44%)

AMZN

Amazon.com

$1,304.86

-0.34 (-0.03%)

MSFT

Microsoft

$88.35

-1.25 (-1.40%)

03/08/13
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  • 17

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  • 07

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  • 18

    Mar

HPQ

HP Inc.

$22.88

-0.04 (-0.17%)

05:15
01/17/18
01/17
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HP Inc. rating change  »

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  • 18

    Jan

  • 19

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WPZ

Williams Partners

$43.01

-0.18 (-0.42%)

05:14
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Williams Partners rating change  »

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WMB

Williams

$32.59

-0.62 (-1.87%)

05:14
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SPGYF

Whitecap Resources

$7.69

0.0258 (0.34%)

05:13
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WES

Western Gas Partners

05:11
01/17/18
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05:11
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  • 22

    Jan

  • 22

    Jan

WGP

Western Gas Equity

$41.76

-0.36 (-0.85%)

05:11
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  • 22

    Jan

VLP

Valero Energy Partners

$46.58

-0.11 (-0.24%)

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  • 02

    Feb

TRGP

Targa Resources

$50.75

-0.69 (-1.34%)

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  • 22

    Jan

  • 22

    Jan

PAGP

Plains GP Holdings

$23.41

-0.73 (-3.02%)

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  • 07

    Feb

PAA

Plains All American

$22.90

-1.06 (-4.42%)

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  • 22

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  • 07

    Feb

PSXP

Phillips 66 Partners

$55.73

0.58 (1.05%)

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  • 02

    Feb

OKE

Oneok

$58.80

0.13 (0.22%)

05:08
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MPLX

MPLX

$38.28

-0.5 (-1.29%)

05:07
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DKL

Delek Logistics

$32.40

-0.1 (-0.31%)

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AETUF

ARC Resources

$11.15

-0.19 (-1.68%)

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CEQP

Crestwood Equity

$27.25

0.35 (1.30%)

05:06
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  • 22

    Jan

BWP

Boardwalk Pipeline

$13.63

-0.09 (-0.66%)

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Boardwalk Pipeline rating change  »

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