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CVX

Chevron

$106.33

-0.27 (-0.25%)

, XOM

Exxon Mobil

$82.26

0.19 (0.23%)

06:32
06/16/17
06/16
06:32
06/16/17
06:32

Oil firms turn to Permian Basin for profits in shale, WSJ says

Chevron (CVX), Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A) are expanding in the Permian Basin for U.S. shale drilling operations expecting to turn a profit in a market that has been "a sinkhole for cash," the Wall Street Journal reports. The companies have lagged behind top drillers in the location by a large margin, with individual wells producing roughly half as much oil and gas in some cases. Reference Link

CVX

Chevron

$106.33

-0.27 (-0.25%)

XOM

Exxon Mobil

$82.26

0.19 (0.23%)

RDS.A

Royal Dutch Shell

$53.10

-0.69 (-1.28%)

CVX Chevron
$106.33

-0.27 (-0.25%)

05/26/17
JPMS
05/26/17
NO CHANGE
JPMS
Overweight
Chevron shares could be worth $120-plus by year-end, says JPMorgan
JPMorgan analyst Phil Gresh says shares of Chevron could be worth $120 or more by yea-end if its execution goes well. The stock closed yesterday at $105.11. The analyst believes the company's free cash flow could see "sharp improvement" in the second half of 2017 as headwinds abate. He keeps an Overweight rating on the shares.
05/26/17
EXAN
05/26/17
DOWNGRADE
Target $100
EXAN
Underperform
Chevron downgraded to Underperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Theepan Jothilingam downgraded Chevron to Underperform and lowered his price target for the shares to $100 from $105.
06/05/17
HSBC
06/05/17
UPGRADE
HSBC
Buy
Chevron upgraded to Buy from Hold at HSBC
06/05/17
06/05/17
UPGRADE
Target $119

Buy
Chevron upgraded to Buy on valuation at HSBC
As previously reported, HSBC upgraded Chevron to Buy from Hold. Analyst Gordon Gray changed his view citing year-to-date shares weakness and lowered his price target to $119 from $123 on Chevron shares.
XOM Exxon Mobil
$82.26

0.19 (0.23%)

06/07/17
06/07/17
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. Kraft Heinz (KHC) initiated with a Buy at Berenberg. 2. NICE Systems (NICE) initiated with a Neutral at Citi. 3. Exxon Mobil (XOM) initiated with a Long-Term Buy at Hilliard Lyons. 4. ASV Holdings (ASV) was initiated with a Buy at Roth Capital and Seaport Global. 5. Check Point (CHKP), Imperva (IMPV), and Proofpoint (PFPT) were initiated with a Positive at Susquehanna. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/17
HDLY
06/07/17
INITIATION
Target $90
HDLY
Long-Term Buy
Exxon Mobil initiated with a Long-Term Buy at Hilliard Lyons
Hilliard Lyons analyst Joel Havard initaited Exxon Mobil with a Long-Term Buy and a $90 price target saying he believes the reduced cost structure, two recent acquisitions and a more aggressive pace of capital spending position the company for a positive shift in reserves and production growth and a multi-year recovery in earnings.
06/05/17
06/05/17
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. Yelp (YELP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying consensus estimates are achievable following the first quarter headline miss. The analyst sees improved quarterly net account adds ahead and improved execution driving shares higher. 2. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Scotia Howard Weil with the firm saying recent weakness provides a buying opportunity for this defensive play within the oil patch. 3. eBay (EBAY) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Bieber assuming coverage on the stock while saying there are multiple paths to create value. 4. Gap (GPS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in the first quarter. 5. Outfront Media (OUT) upgraded to Buy from Hold at Loop Capital with analyst David Miller saying he believes the "reward outweighs the risk" with the shares down 17% over the past 15 weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/05/17
HOWW
06/05/17
UPGRADE
HOWW
Outperform
Exxon Mobil upgraded to Outperform from Sector Perform at Scotia Howard Weil
Scotia Howard Weil upgraded Exxon Mobil to Outperform saying recent weakness provides a buying opportunity for this defensive play within the oil patch.
RDS.A Royal Dutch Shell
$53.10

-0.69 (-1.28%)

05/26/17
EXAN
05/26/17
UPGRADE
EXAN
Outperform
Royal Dutch Shell upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Theepan Jothilingam upgraded Royal Dutch Shell to Outperform from Neutral.
05/05/17
SOCG
05/05/17
UPGRADE
SOCG
Buy
Royal Dutch Shell upgraded to Buy from Hold at Societe Generale
04/19/17
SBSH
04/19/17
DOWNGRADE
SBSH
Sell
Royal Dutch Shell downgraded to Sell from Neutral at Citi
Citi analyst Alastair Syme downgraded Royal Dutch Shell to Sell saying that while a dividend cut in 2017 is unlikely, the yield can still expand. Higher returns to shareholders still requires significant oil price recovery, Syme tells investors in a research note. Further cost reductions at most big oil companies look needed to align the businesses to the $50-$60's oil price-cap that is likely set by U.S. shale, the analyst contends.
03/13/17
ADAM
03/13/17
NO CHANGE
Target $50
ADAM
Buy
Canaccord raises Canadian Natural price target following asset purchases
Canaccord analyst Dennis Fong raised his price target on Canadian Natural (CNQ) following its agreement to acquire 70% of the Athabasca Oil Sands Project from Shell (RDS.A) and Marathon (MRO), a 70% interest in the Scotford upgrader, and various working interests of other producing and non-producing oil sands assets. The price target was raised to C$50 from C$47 to reflect the increase in free cash flow. Fong reiterated his Buy rating on Canadian Natural shares.

TODAY'S FREE FLY STORIES

CELG

Celgene

$102.65

0.93 (0.91%)

14:40
01/22/18
01/22
14:40
01/22/18
14:40
Options
Celgene calls outpace puts 3:1 as shares tick modestly higher »

Celgene calls outpace…

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    Mar

14:40
01/22/18
01/22
14:40
01/22/18
14:40
General news
Treasury Action: yields have reversed the earlier declines »

Treasury Action: yields…

GENC

Gencor Industries

14:30
01/22/18
01/22
14:30
01/22/18
14:30
Hot Stocks
Royce & Associates reports 7.37% passive stake in Gencor Industries »

In a regulatory filing,…

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BPL

Buckeye Partners

$56.18

1.155 (2.10%)

14:30
01/22/18
01/22
14:30
01/22/18
14:30
Options
Bullish option flow in Buckeye Partners as shares rally »

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CLVS

Clovis

$56.76

0.89 (1.59%)

14:25
01/22/18
01/22
14:25
01/22/18
14:25
Options
Clovis call volume above normal and directionally bullish »

Bullish option flow…

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    Feb

$NSD

NASDAQ Market Internals

14:17
01/22/18
01/22
14:17
01/22/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
01/22/18
01/22
14:16
01/22/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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CYBE

Cyberoptics

$17.15

0.45 (2.69%)

14:05
01/22/18
01/22
14:05
01/22/18
14:05
Hot Stocks
Royce & Associates reports 9.64% passive stake in Cyberoptics »

In a regulatory filing,…

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FTI

TechnipFMC

$34.31

0.81 (2.42%)

14:05
01/22/18
01/22
14:05
01/22/18
14:05
Options
FMC Technologies call volume above normal and directionally bullish »

Bullish option flow…

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03/06/13
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03/06/13
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  • 22

    Feb

CTB

Cooper Tire

$39.65

-0.7 (-1.73%)

14:04
01/22/18
01/22
14:04
01/22/18
14:04
Hot Stocks
Royce & Associates reports 5.14% passive stake in Cooper Tire »

In a regulatory filing,…

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03/06/13
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CTG

Computer Task Group

$5.09

0.12 (2.41%)

14:02
01/22/18
01/22
14:02
01/22/18
14:02
Hot Stocks
Breaking Hot Stocks news story on Computer Task Group »

Royce & Associates…

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JUNO

Juno Therapeutics

$85.88

18.185 (26.87%)

14:01
01/22/18
01/22
14:01
01/22/18
14:01
Downgrade
Juno Therapeutics rating change  »

Juno Therapeutics…

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03/06/13
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INGR

Ingredion

$140.05

2.92 (2.13%)

13:47
01/22/18
01/22
13:47
01/22/18
13:47
Hot Stocks
Ingredion promotes Anthony DeLio to SVP, corporate strategy »

Ingredion Incorporated…

03/08/13
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  • 01

    Feb

ADSK

Autodesk

$115.29

2.74 (2.43%)

13:45
01/22/18
01/22
13:45
01/22/18
13:45
Options
Autodesk call volume above normal and directionally bullish »

Bullish option flow…

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03/06/13
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03/06/13
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GLOB

Globant

$47.41

-0.86 (-1.78%)

13:44
01/22/18
01/22
13:44
01/22/18
13:44
Hot Stocks
Breaking Hot Stocks news story on Globant »

JP Morgan Chase reports…

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  • 15

    Feb

NWSA

News Corp.

$17.22

0.21 (1.23%)

, NWS

News Corp

$17.55

0.15 (0.86%)

13:39
01/22/18
01/22
13:39
01/22/18
13:39
Hot Stocks
News Corp. chairman Murdoch makes case for carriage fee for trusted publishers »

News Corp. (NWSA) issued…

NWSA

News Corp.

$17.22

0.21 (1.23%)

NWS

News Corp

$17.55

0.15 (0.86%)

FB

Facebook

$181.29

1.49 (0.83%)

GOOG

Alphabet

$1,137.51

7.72 (0.68%)

GOOGL

Alphabet Class A

$1,143.50

7.53 (0.66%)

03/08/13
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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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    Mar

W

Wayfair

$90.98

3.135 (3.57%)

13:35
01/22/18
01/22
13:35
01/22/18
13:35
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 22

    Feb

13:35
01/22/18
01/22
13:35
01/22/18
13:35
General news
Treasury Action: yields rebounded towards highs »

Treasury Action: yields…

JNJ

Johnson & Johnson

$147.76

0.4 (0.27%)

, PG

Procter & Gamble

$91.66

0.59 (0.65%)

13:33
01/22/18
01/22
13:33
01/22/18
13:33
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

JNJ

Johnson & Johnson

$147.76

0.4 (0.27%)

PG

Procter & Gamble

$91.66

0.59 (0.65%)

VZ

Verizon

$52.87

0.955 (1.84%)

KMB

Kimberly-Clark

$116.54

1.0536 (0.91%)

TRV

Travelers

$137.87

0.02 (0.01%)

FITB

Fifth Third

$32.50

0.33 (1.03%)

HBAN

Huntington Bancshares

$15.81

0.3 (1.93%)

WAT

Waters

$214.03

3.31 (1.57%)

03/08/13
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  • 23

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    Mar

NFLX

Netflix

$220.46

0.13 (0.06%)

, AMTD

TD Ameritrade

$55.17

0.21 (0.38%)

13:32
01/22/18
01/22
13:32
01/22/18
13:32
Earnings
Notable companies reporting after market close »

Notable companies…

NFLX

Netflix

$220.46

0.13 (0.06%)

AMTD

TD Ameritrade

$55.17

0.21 (0.38%)

RMD

ResMed

$88.10

-0.58 (-0.65%)

STLD

Steel Dynamics

$46.42

0.16 (0.35%)

ZION

Zions Bancorp

$53.73

0.87 (1.65%)

BRO

Brown & Brown

$52.13

-0.375 (-0.71%)

03/08/13
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  • 22

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    Jan

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    Feb

JEC

Jacobs Engineering

$70.29

0.34 (0.49%)

, VMC

Vulcan Materials

$133.37

-1.66 (-1.23%)

13:29
01/22/18
01/22
13:29
01/22/18
13:29
Periodicals
Axios obtains draft of White House infrastructure plan »

Jonathan Swan of Axios…

JEC

Jacobs Engineering

$70.29

0.34 (0.49%)

VMC

Vulcan Materials

$133.37

-1.66 (-1.23%)

PWR

Quanta Services

$39.03

0.04 (0.10%)

EXP

Eagle Materials

$116.71

-0.3099 (-0.26%)

FLR

Fluor

$61.14

0.71 (1.17%)

USCR

U.S. Concrete

$78.90

0.65 (0.83%)

ACM

Aecom

$39.12

-0.09 (-0.23%)

CBI

CB&I

$19.16

0.19 (1.00%)

GVA

Granite Construction

$67.14

-0.5 (-0.74%)

CAT

Caterpillar

$170.34

-0.07 (-0.04%)

MLM

Martin Marietta

$226.08

-0.9 (-0.40%)

03/08/13
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03/06/13
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    Mar

FTR

Frontier Communications

$7.77

0.56 (7.77%)

13:25
01/22/18
01/22
13:25
01/22/18
13:25
Options
Frontier Communications call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 27

    Feb

FE

FirstEnergy

$33.24

3.835 (13.04%)

13:25
01/22/18
01/22
13:25
01/22/18
13:25
Conference/Events
FirstEnergy participates in a webcast with Wolfe Research »

Utilities Analyst…

03/08/13
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  • 22

    Jan

SANM

Sanmina

$35.45

0.5 (1.43%)

, FNSR

Finisar

$20.68

0.26 (1.27%)

13:22
01/22/18
01/22
13:22
01/22/18
13:22
Hot Stocks
Optical equipment makers fall after Sanmina pre-announcement »

Shares of tech companies…

SANM

Sanmina

$35.45

0.5 (1.43%)

FNSR

Finisar

$20.68

0.26 (1.27%)

OCLR

Oclaro

$6.77

0.06 (0.89%)

LITE

Lumentum

$48.85

-2.85 (-5.51%)

VIAV

Viavi

$8.80

-0.14 (-1.57%)

CIEN

Ciena

$21.83

-0.02 (-0.09%)

AAOI

Applied Optoelectronics

$35.03

2.24 (6.83%)

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

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  • 05

    Feb

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    Feb

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    Feb

SAP

SAP

$112.46

-0.7357 (-0.65%)

13:20
01/22/18
01/22
13:20
01/22/18
13:20
Hot Stocks
SAP acquires collaborative bot platform Recast AI, details undisclosed »

SAP acquires Recast.AI.…

03/08/13
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03/06/13
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