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PXD

Pioneer Natural

$129.64

-5.7 (-4.21%)

, APC

Anadarko

$44.37

-0.52 (-1.16%)

06:29
08/08/17
08/08
06:29
08/08/17
06:29

Deutsche views Pioneer Natural, peers as 'significantly oversold'

Deutsche Bank analyst Ryan Todd believes Pioneer Natural Resources (PXD) as well as the Permian Exploration & Production space are "significantly oversold" following Pioneer's Q2 results last week. The higher gas content of the production stream started an investor debate around the long-term risks to Permian production and resource value, Todd tells investors in a research note. He calls investor fears "wildly overblown" and is a buyer of the group, especially Pioneer Natural. The analyst has Buy ratings on the shares as well as Anadarko Petroleum (APC), ConocoPhillips (COP), Chevron (CVX) and Devon Energy (DVN).

PXD

Pioneer Natural

$129.64

-5.7 (-4.21%)

APC

Anadarko

$44.37

-0.52 (-1.16%)

COP

ConocoPhillips

$45.17

-0.39 (-0.86%)

CVX

Chevron

$109.78

-0.33 (-0.30%)

DVN

Devon Energy

$32.40

-1.26 (-3.74%)

  • 29

    Aug

PXD Pioneer Natural
$129.64

-5.7 (-4.21%)

04/12/17
STFL
04/12/17
INITIATION
Target $267
STFL
Buy
Pioneer Natural initiated with a Buy at Stifel
Stifel Derrick Whitfield assumed Pioneer Natural with a Buy and a $267 price target saying it has best-in-class financial and operating metrics and one of the few Midland Basin companies with a meaningful resource rate-of-change story.
05/11/17
PIPR
05/11/17
INITIATION
Target $246
PIPR
Overweight
Pioneer Natural assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst David Kistler assumed coverage of Pioneer Natural Resources with an Overweight rating and raised his price target for the shares to $246 from $230.
05/11/17
05/11/17
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. Methanex (MEOH) initiated with an Underperform at Bernstein. 2. PTC (PTC) initiated with an Outperform at Baird. 3. Pioneer Natural (PXD) assumed with an Overweight at Piper Jaffray. 4. Ascendis Pharma (ASND) initiated with an Overweight at JPMorgan. 5. Control4 (CTRL) initiated with a Hold at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/17
WELS
08/02/17
DOWNGRADE
Target $160
WELS
Market Perform
Pioneer Natural downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Gordon Douthat downgraded Pioneer Natural Resources to Market Perform following the company's lowered production guidance. The Q2 results raised a "combination of issues," including rising gas-oil ratio which drove a second consecutive oil miss, and unforeseen drilling delays, Douthat tells investors in a post-earnings research note. The analyst lowered his price target for Pioneer shares to $160 from $190.
APC Anadarko
$44.37

-0.52 (-1.16%)

06/29/17
SUSQ
06/29/17
INITIATION
Target $60
SUSQ
Positive
Anadarko initiated with a Positive at Susquehanna
Susquehanna analyst Biju Perincheril initiated Anadarko with a Positive rating citing an attractive risk/reward balance given its recent weakness and relative valuation. Perincheril has a $60 price target on Anadarko shares.
06/29/17
06/29/17
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. Volaris (VLRS) initiated with an Outperform at Imperial Capital. 2. CHF Solutions (CHFS) initiated with a Buy at Ladenburg. 3. Fortinet (FTNT) initiated with an Outperform at Northland. 4. Cooper Companies (COO) initiated with a Neutral at Guggenheim. 5. Anadarko (APC) 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.
07/27/17
MUFG
07/27/17
UPGRADE
Target $66
MUFG
Overweight
MUFG upgrades Anadarko to Overweight with over 40% upside to target
MUFG analyst Michael McAllister upgraded Anadarko Petroleum to Overweight from Neutral while lowering his price target for the shares to $66 from $72. There is still room for optimization of the current portfolio, and the investment community should not discount the company's approach, McAllister tells investors in a research note. He notes that his price target represents over 40% upside from current levels.
07/27/17
MUFG
07/27/17
UPGRADE
MUFG
Overweight
Anadarko upgraded to Overweight from Neutral at MUFG
COP ConocoPhillips
$45.17

-0.39 (-0.86%)

07/17/17
WOLF
07/17/17
DOWNGRADE
WOLF
Peer Perform
ConocoPhillips downgraded to Peer Perform from Outperform at Wolfe Research
07/28/17
BOFA
07/28/17
UPGRADE
Target $58
BOFA
Buy
ConocoPhillips upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Doug Leggate upgraded ConocoPhillips to Buy and raised its price target to $58 from $51 saying portfolio repositioning has lowered capital intensity and will drive free cash flow improvement. The company lowered its breakeven to $45/bbl from $50/bbl in November of 2016 providing capacity for renewed growth capital or buybacks.
07/28/17
07/28/17
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. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying portfolio repositioning has lowered capital intensity and will drive free cash flow improvement. 2. Boeing (BA) upgraded to Neutral from Underperform at Buckingham. 3. J.M. Smucker (SJM) upgraded to Buy from Hold at Jefferies with analyst Akshay Jagdale saying the recent share weakness is overdone. 4. Domino's Pizza (DPZ) upgraded to Buy from Neutral at Longbow. 5. Spirit Airlines (SAVE) upgraded to Buy from Neutral at Citi with analyst Kevin Crissey saying the risks are more than priced in at current share levels. He cut his price target for the shares to $52 from $65. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
BERN
07/11/17
NO CHANGE
BERN
Oil price forecast cut at Bernstein
Bernstein analysts lowered their 2017 and 2018 oil price forecasts to $50 per barrel for both years. As reasons for the drop, the firm cited higher U.s. shale efficiency, their belief that elevated production levels will last longer than previously expected, and their belief that OPEC cuts will be insufficient to counter increased production by Libya, Iran and Nigeria. Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
CVX Chevron
$109.78

-0.33 (-0.30%)

07/06/17
RBCM
07/06/17
DOWNGRADE
RBCM
Underperform
Chevron downgraded to Underperform from Sector Perform at RBC Capital
08/07/17
EXAN
08/07/17
UPGRADE
Target $105
EXAN
Neutral
Chevron upgraded to Neutral from Underperform at Exane BNP Paribas
Exane BNP Paribas analyst Theepan Jothilingam upgraded Chevron to Neutral with a $105 price target,
07/17/17
WOLF
07/17/17
DOWNGRADE
WOLF
Peer Perform
Chevron downgraded to Peer Perform from Outperform at Wolfe Research
DVN Devon Energy
$32.40

-1.26 (-3.74%)

07/17/17
07/17/17
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. General Electric (GE) resumed with an Equal Weight at Morgan Stanley. 2. Post Holdings (POST) initiated with a Buy at Goldman Sachs. 3. Devon Energy (DVN) assumed with a Neutral at Piper Jaffray. 4. Baker Hughes (BHGE) initiated with a Market Perform at FBR Capital. 5. Altice USA (ATUS) was initiated with an Outperform at RBC Capital, an Overweight at JPMorgan, a Buy at Citi, an Equal Weight at Morgan Stanley and Barclays, as well as a Neutral at BofA/Merrill and Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
PIPR
07/17/17
INITIATION
Target $48
PIPR
Neutral
Devon Energy assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst David Kistler assumed coverage of Devon Energy with a Neutral rating and $48 price target.
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.
06/21/17
GHSC
06/21/17
DOWNGRADE
GHSC
Devon Energy downgraded Neutral at Seaport Global

TODAY'S FREE FLY STORIES

AERI

Aerie Pharmaceuticals

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CDTI

CDTi

$0.34

0.01 (3.08%)

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DUK

Duke Energy

$79.82

-0.81 (-1.00%)

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JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

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UAL

United Continental

$89.94

0.8 (0.90%)

17:39
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  • 21

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XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

, XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
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General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

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XLE

Energy Select Sector SPDR

$75.11

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XLU

Utilities SPDR

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DJ US Real Estate Index Fund

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XLP

Consumer Staples Sector SPDR

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Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

$60.54

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XLF

Financial Select Sector

$28.73

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Health Care Select Sector SPDR

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Technology Select Sector SPDR

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Industrial Select Sector SPDR

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SPDR Gold Trust

$113.48

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iShares Silver Trust

$13.44

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United States Oil Fund

$14.95

0.145 (0.98%)

UNG

United States Natural Gas Fund

$24.60

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.24

0.05 (0.06%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$114.72

0.04 (0.03%)

TLT

iShares 20+ Year Treasury Bond Fund

$117.12

-0.02 (-0.02%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.00

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.02 (0.02%)

IWD

iShares Russell 1000 Value

$129.51

0.13 (0.10%)

IWF

iShares Russell 1000 Growth

$155.30

-0.55 (-0.35%)

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

17:31
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NEM

Newmont Mining

$31.56

0.05 (0.16%)

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CB

Chubb

$139.87

-0.05 (-0.04%)

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
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Generac announces new $250M share repurchase program »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

17:13
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Conference/Events
Independent Bank to host special shareholder meeting »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

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HRS

Harris

$164.33

1.685 (1.04%)

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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

17:10
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Breaking Hot Stocks news story on Pacific Mercantile Bancorp »

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  • 07

    Nov

WSC

WillScot

$17.10

-0.05 (-0.29%)

17:10
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09/21
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Breaking Syndicate news story on WillScot »

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

17:09
09/21/18
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Breaking Hot Stocks news story on DAVIDsTEA »

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

$133.73

-0.77 (-0.57%)

17:08
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09/21
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17:08
Hot Stocks
Expedia president Bhutani joins New York Times board »

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NYT

New York Times

$23.45

0.3 (1.30%)

EXPE

Expedia

$133.73

-0.77 (-0.57%)

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

17:08
09/21/18
09/21
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17:08
Conference/Events
Guaranty Bancorp to host special shareholder meeting »

Special Shareholder…

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
09/21/18
09/21
17:01
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17:01
Conference/Events
Andeavor to host special shareholder meeting »

Special Shareholder…

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

ANDV

Andeavor

$154.80

2.19 (1.44%)

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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

16:59
09/21/18
09/21
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09/21/18
16:59
Conference/Events
Marathon Petroleum to host special shareholder meeting »

Special Shareholder…

ANDV

Andeavor

$154.80

2.19 (1.44%)

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

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EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

16:45
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Breaking Hot Stocks news story on Essential Properties Realty Trust »

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

16:43
09/21/18
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16:43
Hot Stocks
SEC says Barrett Business to pay $1.5M penalty over improper accounting »

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
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Conference/Events
Siga Technologies to host business news update conference call »

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03/06/13
Citigroup
03/06/13
Barclays

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