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AR

Antero Resources

$21.93

0.09 (0.41%)

, BKEP

Blueknight Energy Partners

$6.00

0.2 (3.45%)

10:55
07/14/17
07/14
10:55
07/14/17
10:55

Stephens energy analysts hold an analyst/industry conference call

Energy Analysts Green, Wyatt and Schmid discuss their thoughts on the upcoming 2Q17 earnings releases within the Energy Industry, including Exploration & Production and Master Limited Partnerships, on an Analyst/Industry conference call to be held on July 14 at 11:30 am.

AR

Antero Resources

$21.93

0.09 (0.41%)

BKEP

Blueknight Energy Partners

$6.00

0.2 (3.45%)

CHK

Chesapeake

$4.88

0.1024 (2.14%)

CXO

Concho Resources

$124.99

1.33 (1.08%)

DVN

Devon Energy

$31.53

0.33 (1.06%)

EPE

EP Energy

$3.50

-0.005 (-0.14%)

FANG

Diamondback Energy

$89.42

1.31 (1.49%)

GPP

Green Plains Partners

$18.90

-0.05 (-0.26%)

HK

Halcon Resources

$6.70

0.135 (2.06%)

JONE

Jones Energy

$1.53

-0.025 (-1.61%)

KRP

Kimbell Royalty Partners

$16.25

0.409 (2.58%)

LPI

Laredo Petroleum

$11.23

0.17 (1.54%)

MUR

Murphy Oil

$25.20

0.21 (0.84%)

OAS

Oasis Petroleum

$8.02

0.17 (2.17%)

PE

Parsley Energy

$28.66

0.41 (1.45%)

QEP

QEP Resources

$9.34

0.155 (1.69%)

REI

Ring Energy

$13.16

-0.0302 (-0.23%)

SN

Sanchez Energy

$6.42

0.15 (2.39%)

WLL

Whiting Petroleum

$5.25

0.035 (0.67%)

XEC

Cimarex Energy

$93.69

0.71 (0.76%)

XOG

Extraction Oil & Gas

$13.14

0.24 (1.86%)

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    Nov

AR Antero Resources
$21.93

0.09 (0.41%)

03/16/17
GUGG
03/16/17
UPGRADE
Target $34
GUGG
Buy
Antero Resources upgraded to Buy from Neutral at Guggenheim
Guggenheim analyst Subash Chandra upgraded Antero Resources to Buy with a $34 price target.
03/23/17
STFL
03/23/17
INITIATION
STFL
Hold
Antero Resources coverage resumed with a Hold at Stifel
Stifel analyst Karl J. Chalabala resumed coverage of Antero with a Hold rating.
04/19/17
EVER
04/19/17
DOWNGRADE
EVER
In Line
Antero Resources downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Stephen Richardson downgraded Antero Resources to In Line and lowered its price target to $28 from $34. The analyst told investors shares have outperformed relative to its Appalachia peers and the market is underestimating the potential for volume growth into new pipeline startups in 2018 and a combination of stronger NYMEX and narrower regional basis will be needed to support growth in this timeframe. Further, Antero's hedge book means the equity is fundamentally less exposed to commodity price than less hedged peers, the analyst wrote.
06/15/17
WOLF
06/15/17
DOWNGRADE
WOLF
Peer Perform
Antero Resources downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research transitioned coverage on Antero Resources with a Peer Perform from Outperform rating.
BKEP Blueknight Energy Partners
$6.00

0.2 (3.45%)

10/07/16
DADA
10/07/16
INITIATION
DADA
Buy
Blueknight Energy Partners initiated with a Buy at DA Davidson
DA Davidson analyst Poe Fratt initiated Blueknight Energy Partners with a Buy and a $7.20 price target.
07/22/16
RHCO
07/22/16
UPGRADE
Target $8
RHCO
Buy
Blueknight Energy Partners upgraded to Buy from Neutral at SunTrust
SunTrust analyst Tristan Richardson upgraded Blueknight Energy Partners to Buy saing Ergon's purchase of Blueknight's GP and IDRs improves potential dropdown inventory with asphalt and also longer-term potential for refined product and crude pipe assets. Richardson raised out-year projections to reflect improving coverage and leverage and increased its price target to $8 from $5 on shares.
CHK Chesapeake
$4.88

0.1024 (2.14%)

05/11/17
BOFA
05/11/17
DOWNGRADE
BOFA
Underperform
Chesapeake downgraded to Underperform from Neutral at BofA/Merrill
05/11/17
BOFA
05/11/17
DOWNGRADE
Target $8
BOFA
Underperform
Chesapeake downgraded to Underperform, leverage too much, says BofA/Merrill
As previously reported, BofA/Merrill downgraded Chesapeake to Underperform from Neutral and lowered its price target to $8 from $11. Analysts led by Doug Leggate said oil markets are taking longer to recover and Chesapeake retains little upside from current strip prices and still has too much leverage if long-term oil and gas prices remain weak.
06/21/17
MACQ
06/21/17
DOWNGRADE
MACQ
Underperform
Chesapeake downgraded to Underperform from Neutral at Macquarie
Macquarie analyst Paul Grigel downgraded Chesapeake with a $3.50 price target citing increasing liquidity concerns against limited core inventory. The analyst does not expect a material portfolio improvement that will offset longer-term challenges.
06/15/17
WOLF
06/15/17
INITIATION
Target $5.5
WOLF
Peer Perform
Chesapeake initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Chesapeake with a Peer Perform and a $5.50 price target.
CXO Concho Resources
$124.99

1.33 (1.08%)

06/30/17
BOFA
06/30/17
DOWNGRADE
Target $128
BOFA
Neutral
Concho Resources downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Doug Leggate downgraded Concho Resources and cut its price target to $128 from $155 to reflect a lower commodity price deck. The firm's commodity team lowered its price deck to $50 for Brent in 2017 and $52 in 2018 and the analyst believes $55 is a reasonable basis for US shale, which limits upside.
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Neutral
Concho Resources downgraded to Neutral from Buy at Seaport Global
05/17/17
05/17/17
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. CoreSite Realty (COR) initiated with a Market Perform at Wells Fargo. 2. Acceleron (XLRN) initiated with a Sell at Goldman Sachs. 3. Cardinal Health (CAH) initiated with a Hold at Jefferies. 4. Concho Resources (CXO) assumed with an Overweight at Piper Jaffray. 5. Triangle Capital (TCAP) initiated with a Buy at Wunderlich. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/17
PIPR
05/17/17
INITIATION
Target $172
PIPR
Overweight
Concho Resources assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst David Kistler assumed coverage of Concho Resources with an Overweight rating and $172 price target.
DVN Devon Energy
$31.53

0.33 (1.06%)

07/06/17
BERN
07/06/17
DOWNGRADE
BERN
Market Perform
Devon Energy downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Bob Brackett downgraded Devon Energy based on reductions in his oil price forecast and his belief that the company lacks "strong catalysts." Target to $33 from $54.
06/06/17
STFL
06/06/17
NO CHANGE
STFL
Devon Energy named near-term top pick at Stifel
Stifel analyst Derrick Whitfield,says he is "very bullish on Devon's core assets in the Anadarko and Delaware." The analyst thinks that the company's valuation multiple can increase more than that of any of its "bellwether peers," and he contends that the stock is "oversold on both fundamental and technical measures." Whitfield calls Devon a near-term top pick and reiterates a $74 price target and Buy rating.
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Devon Energy downgraded Neutral at Seaport Global
04/13/17
STFL
04/13/17
INITIATION
STFL
Buy
Devon Energy initiated on intriguing sum of parts valuation at Stifel
As noted earlier, Stifel analyst Derrick Whitfield started coverage of Devon with a $73 price target and a Buy rating. The analyst is "very bullish" on the company's core assets and is "intrigued" by its sum of the parts valuation, as he believes that its stock can rise more than all but one one of its large cap peers.
EPE EP Energy
$3.50

-0.005 (-0.14%)

01/19/17
UBSW
01/19/17
DOWNGRADE
Target $4
UBSW
Sell
EP Energy downgraded to Sell on balance sheet concerns at UBS
UBS analyst William Featherston last night downgraded EP Energy to Sell citing balance sheet concerns and the company's low growth. The analyst views the current valuation as expensive and cut his price target for the shares to $4 from $4.50.
05/09/17
SBSH
05/09/17
UPGRADE
Target $5
SBSH
Neutral
EP Energy upgraded to Neutral from Sell at Citi
Citi analyst Jeanine Wai upgraded EP Energy to Neutral citing an improved risk/reward following the recent pullback in the shares. The analyst lowered his price target for the shares to $5 from $6.
06/01/17
FBCO
06/01/17
DOWNGRADE
Target $6
FBCO
Underperform
EP Energy downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Nitin Kumar assumed coverage on EP Energy with an Underperform rating from a Neutral rating citing a "daunting" debt burden but raised its price target to $6 from $4 to reflect Southern Midland productivity.
06/29/17
SCOT
06/29/17
DOWNGRADE
SCOT
Underperform
EP Energy downgraded to Underperform from Sector Perform at Scotiabank
FANG Diamondback Energy
$89.42

1.31 (1.49%)

06/15/17
WOLF
06/15/17
INITIATION
Target $120
WOLF
Outperform
Diamondback Energy initiated with an Outperform at Wolfe Research
Wolfe Research initiated Diamondback Energy with an Outperform and a $120 price target.
05/25/17
PIPR
05/25/17
INITIATION
Target $141
PIPR
Overweight
Diamondback Energy assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst David Kistler assumed coverage of Diamondback Energy with an Overweight rating and $141 price target.
04/13/17
STFL
04/13/17
INITIATION
STFL
Buy
Diamondback Energy initiated on positive attributes, catalysts at Stifel
As noted earlier, Stifel analyst Derrick Whitfield started coverage of Diamondback with a $123 price target and a Buy rating. The analyst is upbeat on the company's management and says that it has the lowest supply costs of any company he covers. Whitfield expects Diamondback to benefit from its exposure to the Delaware, which he calls "the most catalyst-rich basin in the Lower 48."
04/12/17
STFL
04/12/17
INITIATION
Target $123
STFL
Buy
Diamondback Energy initiated with a Buy at Stifel
Stifel initiated Diamondback Energy with a Buy and a $123 price target.
GPP Green Plains Partners
$18.90

-0.05 (-0.26%)

12/06/16
12/06/16
UPGRADE
Target $21

Buy
Green Plains Partners upgraded to Buy at Stifel
As previously reported, Stifel analyst Selman Akyol upgraded Green Plains Partners to Buy from Hold, arguing that the stock's current valuations represent an attractive entry point following its 14% pullback since November 1. Aykol trimmed his price target on Green Plains Partners to $21 from $22.
12/06/16
STFL
12/06/16
UPGRADE
STFL
Buy
Green Plains Partners upgraded to Buy from Hold at Stifel
11/01/16
STFL
11/01/16
DOWNGRADE
STFL
Hold
Green Plains Partners downgraded to Hold from Buy at Stifel
Stifel downgraded Green Plains Partners to Hold citing valuation.
08/22/16
DADA
08/22/16
INITIATION
DADA
Buy
Green Plains Partners initiated with a Buy at DA Davidson
Target $21.50.
HK Halcon Resources
$6.70

0.135 (2.06%)

03/01/17
JRCO
03/01/17
UPGRADE
JRCO
Accumulate
Halcon Resources upgraded to Accumulate from Hold at Johnson Rice
05/23/17
GHSC
05/23/17
INITIATION
Target $10
GHSC
Buy
Halcon Resources resumed with a Buy at Seaport Global
Seaport Global analyst Mike Kelly resumed coverage on Halcon Resources with a Buy and a $10 price target.
07/13/17
LEHM
07/13/17
UPGRADE
Target $8
LEHM
Equal Weight
Halcon Resources upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Jeffrey Robertson upgraded Halcon Resources to Equal Weight and raised his price target for the shares to $8 from $5. The pending sale of the company's Williston Basin assets transforms Halcon into a pure-play Delaware Basin producer with a "significantly improved" balance sheet, Robertson tells investors in a research note.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $4
GHSC
Neutral
Halcon Resources downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded Halcon Resources to Neutral from Buy and slashed its price target to $4 from $10 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
JONE Jones Energy
$1.53

-0.025 (-1.61%)

06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Neutral
Jones Energy downgraded to Neutral from Buy at Seaport Global
04/12/17
STFL
04/12/17
INITIATION
Target $5
STFL
Buy
Jones Energy assumed with a Buy at Stifel
Stifel Derrick Whitfield assumed Jones Energy with a Buy and a $5 price target saying the depth of management's experience in the Anadarko Basi is a differentiating factor. Whitfield said Jones offers peer leading leverage to one of the best rate of change basins in the lower 48 and has an exceptional ability to add high-return, low-cost horizontal inventory at a very attractive price.
03/13/17
RHCO
03/13/17
NO CHANGE
RHCO
Jones Energy weakness overdone, says SunTrust
SunTrust analyst Neal Dingmann says that Jones Energy will get a significant boost from the imminent launch of its initial Woodford Merge wells. Dingmann says that the company has "solid liquidity," while the recent decline in its stock was overdone. The analyst keeps a Buy rating on the stock.
02/01/17
GHSC
02/01/17
UPGRADE
GHSC
Buy
Jones Energy upgraded to Buy due to rating system change at Seaport Global
Seaport Global analyst Mike Kelly changed his rating on Jones Energy to Buy from Accumulate following a change in Seaport's rating system to three tiers, which include Buy, Neutral Sell.
KRP Kimbell Royalty Partners
$16.25

0.409 (2.58%)

02/27/17
SPHN
02/27/17
INITIATION
Target $24
SPHN
Overweight
Kimbell Royalty Partners initiated with an Overweight at Stephens (earlier)
Earlier this morning, Stephens analyst Matt Schmid started Kimbell Royalty Partners with an Overweight rating and $24 price target.
02/28/17
STFL
02/28/17
INITIATION
Target $21
STFL
Buy
Kimbell Royalty Partners initiated with a Buy at Stifel
Stifel analyst Brian Brungardt initiated Kimbell Royalty Partners with a Buy and a $21 price target saying investors will benefit from the variable pay distribution as incremental cash flow should primarily flow to distributable cash flow. Brundardt expects growth will largely be driven by incremental mineral and royalty interests which should be aided by management's successful history of closing acquisitions.
02/28/17
RBCM
02/28/17
INITIATION
RBCM
Outperform
Kimbell Royalty Partners initiated with an Outperform at RBC Capital
RBC Capital analyst TJ Schultz started coverage of Kimbell with a $23 price target and an Outperform rating.
02/28/17
RAJA
02/28/17
INITIATION
Target $25
RAJA
Strong Buy
Kimbell Royalty Partners initiated with a Strong Buy at Raymond James
Raymond James analyst John Freeman initiated Kimbell Royalty Partners with a Strong Buy and a $25 price target. Freeman favors Kimbell's mineral interest business model that comes with low PDP base decline rates, a long-term yield-oriented acquisition strategy, no capex requirements, and heavy Permian exposure.
LPI Laredo Petroleum
$11.23

0.17 (1.54%)

03/31/17
GHSC
03/31/17
UPGRADE
Target $19
GHSC
Buy
Laredo Petroleum upgraded to Buy from Neutral at Seaport Global
Seaport Global analysts led by Mike Kelly upgraded Laredo Petroleum to Buy and raised its price target to $19 from $16. The analyst ascribed further credit to Medallion given its robust growth trajectory and said enhanced completions are driving improved capital efficiency.
04/12/17
STFL
04/12/17
INITIATION
Target $18
STFL
Buy
Laredo Petroleum initiated with a Buy at Stifel
Stifel analyst Derrick Whitfield initiated Laredo Petroleum with a Buy and a $18 price target.
05/15/17
SPHN
05/15/17
UPGRADE
SPHN
Equal Weight
Laredo Petroleum upgraded to Equal Weight from Underweight at Stephens
Stephens analyst Will Green upgraded Laredo Petroleum to Equal Weight from Underweight, citing valuation and well economics.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $9
GHSC
Neutral
Laredo Petroleum downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded Laredo to Neutral from Buy and slashed its price target to $9 from $19 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
MUR Murphy Oil
$25.20

0.21 (0.84%)

07/11/17
LEHM
07/11/17
DOWNGRADE
Target $29
LEHM
Equal Weight
Murphy Oil downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Paul Cheng downgraded Murphy Oil to Equal Weight and lowered his price target for the shares to $29 from $38. The analyst believes the shares fail to offer enough net asset value upside relative to other higher-quality independent North American shale producers
05/24/17
05/24/17
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. Shake Shack (SHAK) initiated with an Overweight at Piper Jaffray. 2. Zymeworks (ZYME) initiated with a Buy at Citi. 3. Murphy Oil (MUR) initiated with a Buy at KLR Group. 4. Atlas Financial (AFH) initiated with an Outperform at JMP Securities. 5. Emerald Expositions Events (EEX) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/17
KLRG
05/24/17
INITIATION
Target $41
KLRG
Buy
Murphy Oil initiated with a Buy at KLR Group
KLR Group analyst John Gerdes started Murphy Oil with a Buy rating and $41 price target.
12/07/16
FBCO
12/07/16
DOWNGRADE
Target $37
FBCO
Underperform
Murphy Oil downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Edward Westlake downgraded Murphy Oil to Underperform but increased its price target to $37 from $33. He believes Murphy's growth will lag peers through 2018 due to deep cuts to spending in 2016 and said it will take time to turn acquired acreage into equity value.
OAS Oasis Petroleum
$8.02

0.17 (2.17%)

05/11/17
05/11/17
DOWNGRADE
Target $16

Neutral
Oasis Petroleum downgraded to Neutral on oil leverage at BofA/Merrill
As previously reported, BofA/Merrill downgraded Oasis Petroleum to Neutral from Buy and lowered its price target to $16 from $20. Analysts led by Doug Leggate said oil markets are taking longer to re-balanced than previously expected and the commodity team lowered its mid year peak in Brent oil prices to $60 from $70. The analyst said Oasis is highly leveraged to oil prices and believes current production growth targets could prove aggressive.
06/08/17
UBSW
06/08/17
UPGRADE
Target $13
UBSW
Buy
Oasis Petroleum upgraded to Buy from Neutral at UBS
UBS analyst Betty Jiang upgraded Oasis Petroleum to Buy saying the risk/reward is attractive following the recent selloff. The analyst sees downside valuation support and believes the company's leverage is manageable. She lowered her price target for the shares to $13 from $14.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $7
GHSC
Neutral
Oasis Petroleum downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded Oasis Petroleum to Sell from Neutral and slashed its price target to $7 from $18 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
06/15/17
WOLF
06/15/17
INITIATION
Target $11
WOLF
Peer Perform
Oasis Petroleum initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Oasis Petroleum with a Peer Perform and a $11 price target.
PE Parsley Energy
$28.66

0.41 (1.45%)

06/15/17
WOLF
06/15/17
INITIATION
Target $40
WOLF
Outperform
Parsley Energy initiated with an Outperform at Wolfe Research
Wolfe Research initiated Parsley Energy with an Outperform and a $40 price target.
03/24/17
UBSW
03/24/17
INITIATION
Target $42
UBSW
Buy
Parsley Energy assumed with a Buy at UBS
UBS analyst Betty Jiang assumed coverage of Parsley Energy with a Buy rating and $42 price target.
03/22/17
SBSH
03/22/17
INITIATION
Target $40
SBSH
Buy
Parsley Energy initiated with a Buy at Citi
Citi analyst Jeanine Wai started Parsley Energy with a Buy rating and $40 price target.
02/10/17
JPMS
02/10/17
NO CHANGE
Target $51
JPMS
Overweight
Parsley Energy underperformance brings opportunity, says JPMorgan
JPMorgan analyst Michael Glick believes the underperformance of Parsley Energy shares since the company's acquisition and equity offering provides an "attractive opportunity." The acquired position in the Midland Basin is strategic enough to justify the dilution, Glick tells investors in a research note. He raised his price target for Parsley shares to $51 from $49 and keeps an Overweight rating on the name.
QEP QEP Resources
$9.34

0.155 (1.69%)

06/15/17
WOLF
06/15/17
INITIATION
Target $11.5
WOLF
Peer Perform
QEP Resources initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated QEP Resources with a Peer Perform and a $11.50 price target.
06/01/17
FBCO
06/01/17
INITIATION
Target $15
FBCO
Neutral
QEP Resources initiated with a Neutral at Credit Suisse
Credit Suisse analyst Nitin Kumar initiated QEP Resources with a Neutral and a $15 price target citing concerns the company sill have difficulty growing production in the Midland and accelerating NAV.
04/12/17
STFL
04/12/17
INITIATION
Target $21
STFL
Buy
QEP Resources initiated with a Buy at Stifel
Stifel analyst Derrick Whitfield initiated QEP Resources with a Buy and a $21 price target.
03/23/17
UBSW
03/23/17
INITIATION
Target $14
UBSW
Neutral
QEP Resources initiated with a Neutral at UBS
UBS analyst Betty Jiang started QEP Resources with a Neutral rating and $14 price target.
REI Ring Energy
$13.16

-0.0302 (-0.23%)

09/27/16
IMPC
09/27/16
INITIATION
Target $13.5
IMPC
Outperform
Ring Energy initiated with an Outperform at Imperial Capital
Imperial Capital analyst Kim Pacanovsky started Ring Energy with an Outperform rating and $13.50 price target.
11/10/16
RHCO
11/10/16
NO CHANGE
RHCO
Ring Energy price target raised to $20 from $13 at SunTrust
SunTrust analyst Neal Dingmann raised his price target on Ring Energy after increasing his 2018 estimates to reflect the launch of the company's horizontal well program. He keeps a Buy rating on the shares.
12/16/16
SPHN
12/16/16
INITIATION
Target $16
SPHN
Overweight
Ring Energy initiated with an Overweight at Stephens
12/19/16
ROTH
12/19/16
NO CHANGE
Target $18.5
ROTH
Buy
Ring Energy price target raised to $18.50 from $14 at Roth Capital
Roth Capital analyst John White raised his price target for Ring Energy to $18.50 from $14, based on recent successful initial testing of two horizontal San Andres wells, and his modeling of the significantly increased drilling program for 2017. He reiterates a Buy rating on the shares.
SN Sanchez Energy
$6.42

0.15 (2.39%)

06/21/17
GHSC
06/21/17
DOWNGRADE
Target $5
GHSC
Sell
Sanchez Energy downgraded to Sell from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded Sanchez Energy to Sell from Buy and slashed its price target to $5 from $15 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl to $35/bbl from $55/bbl.
02/06/17
FBRC
02/06/17
NO CHANGE
Target $18
FBRC
Outperform
Sanchez shares should return to outperformance, says FBR Capital
FBR Capital analyst Chad Mabry believes Sanchez Energy's equity issuance last week should remove the equity overhang and prepare the company to potentially expand its position in Comanche. The analyst expects the shares to return to outperformance as the Comanche acquisition, which he calls "wildly accretive," gets fully absorbed by the Street. Mabry raised his price target for Sanchez shares to $18 from $16 and keeps an Outperform rating on the name.
02/02/17
PIPR
02/02/17
UPGRADE
Target $17
PIPR
Overweight
Sanchez Energy upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Kashy Harrison upgraded Sanchez Energy to Overweight citing a more favorable risk/reward following the recent pullback in shares. The analyst keeps a $17 price target for the shares.
01/24/17
GHSC
01/24/17
UPGRADE
Target $17
GHSC
Buy
Sanchez Energy upgraded to Buy from Neutral at Seaport Global
Seaport Global upgraded Sanchez Energy to Buy and raised its price target to $17 from $9 following the addition of 110K net Eagle Ford acres via organic leasing, and after updating for the Comanche acquisition. The firm's analyst said Sanchez has significant depth of high quality inventory, an improved production growth outlook and relatively cheap valuation.
WLL Whiting Petroleum
$5.25

0.035 (0.67%)

06/21/17
MACQ
06/21/17
DOWNGRADE
MACQ
Neutral
Whiting Petroleum downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Paul Grigel downgraded Whiting Petroleum to Neutral with an $8 price target citing increasing liquidity concerns given its 2019 debt maturities which will negatively impact its activity/production levels. The analyst said Whiting has limited financial options to improve the balance sheet despite improving results.
05/30/17
05/30/17
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. Ambarella (AMBA) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Brad Erickson citing concern the company's largest customer DJI may have dual-sourced. After speaking with DJI customer service, Erickson believes Ambarella may not be the video processing provider for Spark, the $499 drone launched last week by DJI. 2. Buffalo Wild Wings (BWLD) downgraded to Underperform from Neutral at Wedbush with analyst Nick Setyan saying the upcoming proxy vote is irrelevant as neither management's strategy nor Marcato Capital's plan offer a viable solution to the company's ongoing deterioration in fundamentals. 3. Valero (VLO) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benny Wong citing refining headwinds and high exposure to RIN prices. 4. AutoZone (AZO) and O'Reilly Automotive (ORLY) were downgraded to Neutral from Outperform at Wedbush. 5. Whiting Petroleum (WLL) was downgraded to Sell from Neutral at Goldman Sachs, while Cimarex Energy (XEC) and Hess Corp. (HES) were downgraded to Neutral from Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/17
FBCO
06/01/17
DOWNGRADE
Target $13
FBCO
Neutral
Whiting Petroleum downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Nitin Kumar assumed coverage on Whiting Petroleum with a Neutral rating from an Outperform rating and lowered its price target to $13 from $15 due to high balance sheet leverage in a sub $50/bbl oil world.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $4
GHSC
Sell
Whiting Petroleum downgraded to Sell from Neutral at Seaport Global
Seaport Global analyst Mike Kelly downgraded Whiting Petroleum to Sell from Neutral and slashed its price target to $4 from $10 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
XEC Cimarex Energy
$93.69

0.71 (0.76%)

06/07/17
PIPR
06/07/17
DOWNGRADE
Target $161
PIPR
Neutral
Cimarex Energy assumed with a Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst David Kistler downgraded Cimarex Energy to Neutral with a $161 price target upon assuming coverage of the name. The analyst sees "increasing possibility" of range-bound oil prices in 2018, which he believes impacts the company's production growth.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $77
GHSC
Sell
Cimarex Energy downgraded to Sell from Neutral at Seaport Global
Seaport Global analyst Mike Kelly downgraded Cimarex to Sell and slashed its price target to $77 from $141 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
06/15/17
WOLF
06/15/17
DOWNGRADE
WOLF
Peer Perform
Cimarex Energy downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research transitioned coverage on Cimarex Energy with a Peer Perform from Outperform rating.
06/01/17
FBCO
06/01/17
INITIATION
Target $138
FBCO
Neutral
Cimarex Energy initiated with a Neutral at Credit Suisse
Credit Suisse analyst Nitin Kumar initiated Cimarex Energy with a Neutral and a $138 price target citing premium valuation.
XOG Extraction Oil & Gas
$13.14

0.24 (1.86%)

03/23/17
03/23/17
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. Alibaba (BABA) initiated with an Overweight at Pacific Crest. 2. Whole Foods (WFM) initiated with a Sell at UBS. 3. Snap (SNAP) initiated with a Neutral at Piper Jaffray. 4. Enbridge Energy (EEP) initiated with an Overweight at Morgan Stanley. 5. Extraction Oil & Gas (XOG) initiated with a Buy at KLR Group. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/17
WELS
05/03/17
DOWNGRADE
WELS
Market Perform
Extraction downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst David Tameron downgraded Extraction Oil & Gas (XOG) to Market Perform saying the preliminary findings regarding the tragic situation in Firestone, Colorado will be an overhang on the Denver-Julesburg Basin players. All DJ basin-exposed names will remain under pressure given the fear of a potential regulatory response, Tameron tells investors in a research note. The analyst lowered his price target range for the shares to $14-$17 from $20-$23. Tameron this morning also downgraded Anadarko (APC) and SRC Energy (SRCI) to Market Perform. He notes that Market Perform-rated Noble Energy (NBL) and PDC Energy (PDCE) also have meaningful DJ basin exposure.
05/19/17
BMOC
05/19/17
INITIATION
BMOC
Market Perform
Extraction Oil & Gas initiated with a Market Perform at BMO Capital
BMO Capital analyst Dan McSpirit started coverage of Extraction Oil and Gas with a $19 price target and a Market Perform rating. The analyst is cautious about the stock due to low oil prices and high costs.
03/23/17
KLRG
03/23/17
INITIATION
Target $31
KLRG
Buy
Extraction Oil & Gas initiated with a Buy at KLR Group
KLR Group analyst Gail Nicholson started Extraction Oil & Gas with a Buy rating and $31 price target. The company offers investors smid-cap exposure to the DJ Basin with a significant growth profile, Nicholson tells investors in a research note.

TODAY'S FREE FLY STORIES

TWX

Time Warner

$101.83

-0.37 (-0.36%)

, CMCSA

Comcast

$37.22

0.32 (0.87%)

18:56
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Hot Stocks
Box Office Battle: 'Boo 2' wins weekend with $21.7M »

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Comcast

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SNE

Sony

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FOX

21st Century Fox

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FOXA

21st Century Fox

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LGF.A

Lionsgate

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DIS

Disney

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Viacom

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Viacom

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SFNC

Simmons First National

$60.45

0.9 (1.51%)

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Simmons First National reports Q3 core EPS 86c, consensus 86c »

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HLX

Helix Energy

$7.76

-0.13 (-1.65%)

18:09
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Helix Energy reports Q3 EPS 2c, consensus 2c »

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GM

General Motors

$45.61

0.26 (0.57%)

18:00
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Driverless-car, emerging tech bets help GM shrug off 'dinosaur' image, WSJ says »

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GOOG

Alphabet

$988.20

3.75 (0.38%)

, GOOGL

Alphabet Class A

$1,005.07

3.23 (0.32%)

17:42
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Periodicals
Alphabet turns on internet balloons in Puerto Rico, AP says »

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GOOG

Alphabet

$988.20

3.75 (0.38%)

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Alphabet Class A

$1,005.07

3.23 (0.32%)

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AAPL

Apple

$156.25

0.27 (0.17%)

, AMZN

Amazon.com

$982.91

-3.7 (-0.38%)

17:30
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17:30
Periodicals
Facebook, Google spending big money to lobby on Russia, Recode says »

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AAPL

Apple

$156.25

0.27 (0.17%)

AMZN

Amazon.com

$982.91

-3.7 (-0.38%)

FB

Facebook

$174.98

0.42 (0.24%)

GOOG

Alphabet

$988.20

3.75 (0.38%)

GOOGL

Alphabet Class A

$1,005.07

3.23 (0.32%)

MSFT

Microsoft

$78.81

0.9 (1.16%)

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XBKS

Xenith Bankshares

$32.74

-0.1 (-0.30%)

, UBSH

Union Bankshares

$35.31

-0.21 (-0.59%)

17:26
10/22/17
10/22
17:26
10/22/17
17:26
Conference/Events
Union Bankshares to host special shareholder meeting »

Special Shareholder…

XBKS

Xenith Bankshares

$32.74

-0.1 (-0.30%)

UBSH

Union Bankshares

$35.31

-0.21 (-0.59%)

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UBSH

Union Bankshares

$35.31

-0.21 (-0.59%)

, XBKS

Xenith Bankshares

$32.74

-0.1 (-0.30%)

17:23
10/22/17
10/22
17:23
10/22/17
17:23
Conference/Events
Xenith Bankshares to host special shareholder meeting »

Special Shareholder…

UBSH

Union Bankshares

$35.31

-0.21 (-0.59%)

XBKS

Xenith Bankshares

$32.74

-0.1 (-0.30%)

03/08/13
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  • 15

    Nov

ROKA

Roka Bioscience

$1.53

-0.24 (-13.56%)

17:20
10/22/17
10/22
17:20
10/22/17
17:20
Conference/Events
Roka Bioscience to host special shareholder meeting »

Special Shareholder…

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OCFC

OceanFirst Financial

$28.01

0.19 (0.68%)

17:03
10/22/17
10/22
17:03
10/22/17
17:03
Conference/Events
OceanFirst Financial to host special shareholder meeting »

Special Shareholder…

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OCFC

OceanFirst Financial

$28.01

0.19 (0.68%)

, SNBC

Sun Bancorp

$25.60

0.05 (0.20%)

16:57
10/22/17
10/22
16:57
10/22/17
16:57
Conference/Events
Sun Bancorp to host special shareholder meeting »

Special Shareholder…

OCFC

OceanFirst Financial

$28.01

0.19 (0.68%)

SNBC

Sun Bancorp

$25.60

0.05 (0.20%)

03/08/13
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SGU

Star Gas Partners, L.P.

$10.52

-0.16 (-1.50%)

16:49
10/22/17
10/22
16:49
10/22/17
16:49
Conference/Events
Star Gas Partners, L.P. to host special shareholder meeting »

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  • 25

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ETRM

EnteroMedics

$2.05

0.07 (3.54%)

16:44
10/22/17
10/22
16:44
10/22/17
16:44
Conference/Events
EnteroMedics to host special shareholder meeting »

Special shareholder…

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  • 25

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PSTB

Park Sterling Bank

$12.84

-0.02 (-0.16%)

, SSB

South State

$92.15

-0.2 (-0.22%)

16:39
10/22/17
10/22
16:39
10/22/17
16:39
Conference/Events
South State to host special shareholder meeting »

Special Shareholder…

PSTB

Park Sterling Bank

$12.84

-0.02 (-0.16%)

SSB

South State

$92.15

-0.2 (-0.22%)

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SSB

South State

$92.15

-0.2 (-0.22%)

, PSTB

Park Sterling Bank

$12.84

-0.02 (-0.16%)

16:36
10/22/17
10/22
16:36
10/22/17
16:36
Conference/Events
Park Sterling Bank to host special shareholder meeting »

Special Shareholder…

SSB

South State

$92.15

-0.2 (-0.22%)

PSTB

Park Sterling Bank

$12.84

-0.02 (-0.16%)

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  • 24

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FSBK

First South Bancorp

$18.66

0.14 (0.76%)

, CARO

Carolina Financial

$36.17

0.23 (0.64%)

16:22
10/22/17
10/22
16:22
10/22/17
16:22
Conference/Events
Carolina Financial to host special shareholder meeting »

Special Shareholder…

FSBK

First South Bancorp

$18.66

0.14 (0.76%)

CARO

Carolina Financial

$36.17

0.23 (0.64%)

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  • 26

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CARO

Carolina Financial

$36.17

0.23 (0.64%)

, FSBK

First South Bancorp

$18.66

0.14 (0.76%)

16:19
10/22/17
10/22
16:19
10/22/17
16:19
Conference/Events
First South Bancorp to host special shareholder meeting »

Special Shareholder…

CARO

Carolina Financial

$36.17

0.23 (0.64%)

FSBK

First South Bancorp

$18.66

0.14 (0.76%)

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  • 26

    Oct

FOXA

21st Century Fox

$27.50

0.13 (0.47%)

13:41
10/22/17
10/22
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13:41
Periodicals
Fox knew of new harassment settlement before signing O'Reilly, Reuters says »

Forced to resign in…

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  • 08

    Nov

TM

Toyota

$123.71

0.64 (0.52%)

13:37
10/22/17
10/22
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13:37
Periodicals
Toyota to halt operations at Japan plants as typhoon approaches, Reuters says »

Toyota is suspending…

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ICE

IntercontinentalExchange

$66.12

-0.73 (-1.09%)

, BAC

Bank of America

$27.17

0.59 (2.22%)

13:34
10/22/17
10/22
13:34
10/22/17
13:34
Hot Stocks
IntercontinentalExchange completes BofA Merrill's Index Platform acquisition »

Intercontinental Exchange…

ICE

IntercontinentalExchange

$66.12

-0.73 (-1.09%)

BAC

Bank of America

$27.17

0.59 (2.22%)

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VCYT

Veracyte

$9.30

0.11 (1.20%)

13:30
10/22/17
10/22
13:30
10/22/17
13:30
Hot Stocks
Veracyte announces new data, highlights Afirma GSC performance »

Veracyte announced that…

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MRK

Merck

$63.88

0.13 (0.20%)

13:19
10/22/17
10/22
13:19
10/22/17
13:19
Hot Stocks
Study shows Merck Zepatier resulted in high sustained virologic response rates »

Merck has announced the…

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EADSY

Airbus

$23.76

-0.135 (-0.56%)

, BDRBF

Bombardier

$2.25

0.04 (1.81%)

12:57
10/22/17
10/22
12:57
10/22/17
12:57
Periodicals
Airbus turmoil overshadows bid to rescue Bombardier CSeries, Reuters says »

Airbus's (EADSY)…

EADSY

Airbus

$23.76

-0.135 (-0.56%)

BDRBF

Bombardier

$2.25

0.04 (1.81%)

03/08/13
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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$257.11

1.32 (0.52%)

, SPX

S&P 500

11:19
10/22/17
10/22
11:19
10/22/17
11:19
Periodicals
Senate Republican Leader says tax bill to be revenue neutral, Reuters reports »

Mitch McConnell said he…

SPY

SPDR S&P 500 ETF Trust

$257.11

1.32 (0.52%)

SPX

S&P 500

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SNAP

Snap

$15.56

0.31 (2.03%)

11:15
10/22/17
10/22
11:15
10/22/17
11:15
Periodicals
People use Snapchat at parties, not as much at sports stadiums, Recode says »

There seems to be a huge…

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