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BP

BP

$47.16

0.455 (0.97%)

, COP

ConocoPhillips

$70.67

0.82 (1.17%)

16:02
05/17/18
05/17
16:02
05/17/18
16:02

BP in talks to trade Alaska assets for Conoco's North Sea stake, Bloomberg says

BP (BP) is considering swapping some Alaskan assets to ConocoPhillips (COP) in exchange for Conoco's stake in the Clair field in the North Sea, according to Bloomberg, citing people familiar with the talks. BP already holds a 28.6% stake and is the operator in the Clair field, which it has described as "the largest undeveloped hydrocarbon resource" in the U.K., the report noted. Reference Link

BP

BP

$47.16

0.455 (0.97%)

COP

ConocoPhillips

$70.67

0.82 (1.17%)

  • 22

    May

  • 30

    May

BP BP
$47.16

0.455 (0.97%)

04/26/18
MACQ
04/26/18
UPGRADE
MACQ
Neutral
BP upgraded to Neutral from Underperform at Macquarie
Macquarie analyst Iain Reid upgraded BP to Neutral following an increased in the firm's Brent oil price forecast to $70/bbl in 2018, $57 in 2019, and $69 in 2020.
04/24/18
04/24/18
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. Hasbro (HAS) upgraded to Buy from Neutral at Monness Crespi with analyst Jim Chartier saying The Toys "R" Us liquidation has created a buying opportunity for Hasbro shares which are down 10% since the end of February. 2. BP (BP) upgraded to Buy from Neutral at Goldman Sachs with analyst Michele Della Vigna saying free cash flow growth and improving returns make BP an attractive turnaround story. 3. Volaris (VLRS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Josh Milberg saying he sees an attractive 12-18 month valuation case for the shares given their 35% selloff to an all-time low. 4. Discovery (DISCA) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft saying he views the shares as undervalued and sees unlevered free cash flow growth through 2021. 5. KeyCorp (KEY) upgraded to Positive from Neutral at Susquehanna citing a better NIM and loan growth outlook. He also cites the recent pullback in the shares for the rating change. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/18
GSCO
04/24/18
UPGRADE
Target $54
GSCO
Buy
BP upgraded to Buy from with $54 target at Goldman Sachs
Goldman Sachs analyst Michele Della Vigna upgraded BP to Buy from Neutral with a $54 price target. The shares closed the trading day up 40c to $43.91. Free cash flow growth and improving returns make BP an attractive turnaround story, Della Vigna told investors last night in a research note.
04/23/18
GSCO
04/23/18
UPGRADE
GSCO
Buy
BP upgraded to Buy from Neutral at Goldman Sachs
COP ConocoPhillips
$70.67

0.82 (1.17%)

05/04/18
ARGS
05/04/18
NO CHANGE
Target $76
ARGS
Buy
ConocoPhillips price target raised to $76 from $65 at Argus
Argus analyst Bill Selesky raised his price target on ConocoPhillips to $76 and kept his Buy rating. The analyst says the company's "major long-cycle and unconventional short-cycle projects" can generate shareholder value. Selesky also points to the company's latest profitability as a result of higher realized oil, natural gas, and liquids prices.
04/26/18
MACQ
04/26/18
DOWNGRADE
Target $67
MACQ
Neutral
ConocoPhillips downgraded to Neutral on valuation at Macquarie
Macquarie analyst Kate Sloan downgraded ConocoPhillips to Neutral from Outperform and raised its price target to $67 from $66 citing valuation and expects a downward trend in oil prices over the next 12 months.
04/19/18
04/19/18
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. Clorox (CLX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying valuation looks "stretched" on muted earnings growth and lowered his fiscal 2019 earnings estimate by 2% to reflect deterioration in U.S. Household Products sector. 2. Adtran (ADTN) downgraded to Hold from Buy at Argus with analyst Jim Kelleher saying the company has pushed out its expectations for a key client conducting a strategic review of spending, leading to revenue decline for its North America segment to an all-time low. 3. Align Technology (ALGN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Steve Beuchaw saying his web trends tracking implies growth in the next 1-2 quarters slows to 25% from 35%. 4. ConocoPhillips (COP) downgraded to Hold from Buy at Edward Jones with analyst Jason Gammel citing valuation following the recent rally in the shares. 5. Valvoline (VVV) downgraded to Neutral from Buy at Longbow with analyst Dmitry Silversteyn saying he sees a slower pace of price realization in Quick Lubes combined with a higher cost outlook, limiting earnings upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/18
JEFF
04/19/18
DOWNGRADE
Target $68
JEFF
Hold
ConocoPhillips downgraded to Hold from Buy at Jefferies
Jefferies analyst Jason Gammel downgraded ConocoPhillips (COP) to Hold with a $68 price target citing valuation following the recent rally in the shares. The analyst prefers shares of Chevron (CVX) for U.S. oil exposure.

TODAY'S FREE FLY STORIES

DAC

Danaos

$1.60

0.05 (3.23%)

16:52
09/24/18
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Earnings
Danaos reports Q2 EPS 27c, one estimate 23c »

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  • 25

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AWK

American Water

$87.80

-0.8 (-0.90%)

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American Water to spend $2M to upgrade water main in Missouri »

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  • 29

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COLD

Americold Realty Trust

$25.25

-0.09 (-0.36%)

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

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PRNB

Principia Biopharma

$27.34

0.24 (0.89%)

16:45
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Breaking Hot Stocks news story on Principia Biopharma »

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DCPH

Deciphera

$39.80

0.78 (2.00%)

16:42
09/24/18
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Initiation
Deciphera initiated  »

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  • 01

    Oct

  • 27

    Nov

BJ

BJ's Wholesale

$28.47

-0.68 (-2.33%)

16:42
09/24/18
09/24
16:42
09/24/18
16:42
Syndicate
BJ's Wholesale files to sell 28M shares of common stock for holders »

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  • 28

    Oct

BPMC

Blueprint Medicines

$71.56

1.8 (2.58%)

16:41
09/24/18
09/24
16:41
09/24/18
16:41
Initiation
Blueprint Medicines initiated  »

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SGEN

Seattle Genetics

$78.57

0.53 (0.68%)

16:41
09/24/18
09/24
16:41
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16:41
Initiation
Seattle Genetics initiated  »

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LOXO

Loxo Oncology

$163.07

3.91 (2.46%)

16:40
09/24/18
09/24
16:40
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16:40
Initiation
Loxo Oncology initiated  »

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  • 26

    Nov

  • 27

    Nov

INCY

Incyte

$66.48

-0.11 (-0.17%)

16:40
09/24/18
09/24
16:40
09/24/18
16:40
Initiation
Incyte initiated  »

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  • 22

    Oct

AGIO

Agios Pharmaceuticals

$75.39

1.84 (2.50%)

16:40
09/24/18
09/24
16:40
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16:40
Initiation
Agios Pharmaceuticals initiated  »

Agios Pharmaceuticals…

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SMLR

Semler Scientific

$0.00

(0.00%)

16:40
09/24/18
09/24
16:40
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16:40
Hot Stocks
Breaking Hot Stocks news story on Semler Scientific »

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CLVS

Clovis

$32.63

0.22 (0.68%)

16:39
09/24/18
09/24
16:39
09/24/18
16:39
Initiation
Clovis initiated  »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.09

-0.94 (-0.32%)

16:39
09/24/18
09/24
16:39
09/24/18
16:39
Periodicals
Trump inks revised trade pact with South Korea, CNBC says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.09

-0.94 (-0.32%)

03/08/13
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TSRO

Tesaro

$36.41

-1.27 (-3.37%)

16:39
09/24/18
09/24
16:39
09/24/18
16:39
Initiation
Tesaro initiated  »

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  • 01

    Oct

  • 02

    Oct

BGNE

BeiGene

$166.12

2.15 (1.31%)

16:38
09/24/18
09/24
16:38
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16:38
Initiation
BeiGene initiated  »

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  • 02

    Oct

  • 27

    Nov

BW

Babcock & Wilcox

$1.03

0.005 (0.49%)

16:38
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Hot Stocks
Babcock & Wilcox to relocate Headquarters to Ohio »

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JAGX

Jaguar Health

$0.63

-0.022 (-3.37%)

16:37
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Jaguar Health, Knight Therapeutics announce strategic partnership »

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HST

Host Hotels

$20.89

-0.23 (-1.09%)

, VNO

Vornado

$73.52

-1.58 (-2.10%)

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Host Hotels sells New York Marriott Marquis Retail to Vornado for $442M »

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HST

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VNO

Vornado

$73.52

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  • 25

    Sep

CWEN

Clearway Energy

$19.85

-0.1 (-0.50%)

16:33
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Syndicate
Clearway Energy announces offering of 3.92M shares of Class C common stock »

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KIRK

Kirkland's

$9.30

-0.02 (-0.21%)

16:33
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Kirkland's announces new $10M share repurchase program »

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SUM

Summit Materials

$18.76

-0.285 (-1.50%)

16:32
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Summit Materials sells GJP to Ferguson Waterworks, terms not stated »

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KIRK

Kirkland's

$9.30

-0.02 (-0.21%)

16:32
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Hot Stocks
Kirkland's names Steve Woodward as CEO, Mike Cairnes as COO »

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WRE

Washington REIT

$30.60

-0.32 (-1.03%)

16:32
09/24/18
09/24
16:32
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16:32
Periodicals
Washington REIT explores sale of retail portfolio, Bloomberg reports »

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  • 26

    Oct

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.09

-0.94 (-0.32%)

16:31
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Periodicals
Trump says second meeting with Kim Jong Un likely 'quite soon,' AP says »

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S&P 500

$0.00

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