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BHGE

Baker Hughes

$34.06

-0.49 (-1.42%)

, LNG

Cheniere Energy

$64.09

-0.7 (-1.08%)

09:02
06/14/18
06/14
09:02
06/14/18
09:02

Baker Hughes wins contract for turbomachinery equipment at Cheniere facility

Baker Hughes (BHGE), a GE company, will supply turbomachinery equipment for the expansion of Cheniere's (LNG) LNG facility in Corpus Christi, Texas. Cheniere announced a positive Final Investment Decision and the plan to issue a full notice to proceed to continue construction on the third liquefaction train at Cheniere's Corpus Christi liquefaction project. According to the company, this represents the first FID on new liquefaction capacity in the United States since 2015. When all three trains are completed, the aggregate nominal production capacity of the CCL Project is expected to be approximately 13.5 MTPA of LNG. Cheniere appointed Bechtel as their Engineering, Procurement and Construction partner for the project, and Bechtel Oil, Gas & Chemicals, Inc. (Bechtel) contracted BHGE to provide turbomachinery equipment for the third train consisting of six PGT25+G4 DLE gas turbines driving various compressors. BHGE has provided the same equipment for two other trains already under construction at Corpus Christi, and similar technology for five trains at Cheniere's Sabine Pass plant.

BHGE

Baker Hughes

$34.06

-0.49 (-1.42%)

LNG

Cheniere Energy

$64.09

-0.7 (-1.08%)

  • 25

    Jun

BHGE Baker Hughes
$34.06

-0.49 (-1.42%)

05/10/18
BOFA
05/10/18
DOWNGRADE
BOFA
Neutral
Baker Hughes downgraded to Neutral from Buy at BofA/Merrill
05/10/18
BOFA
05/10/18
DOWNGRADE
Target $38
BOFA
Neutral
Baker Hughes downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Baker Hughes to Neutral from Buy and raised its price target to $38 from $36. Analyst Timna Tanners changed his rating citing the strong run in Baker Hughes shares.
05/10/18
05/10/18
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. Macy's (M) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Kimberly Greenberger citing its ongoing negative store-only comparable sales and continued decline in return on invested capital, or ROIC. 2. L Brands (LB) downgraded to Sell from Hold at Loop Capital with analyst Laura Champine saying the April same-store-sales result of 0% was driven by promotions, and merchandise margin was once again "down significantly." The analyst also cut her price target for the shares to $28 from $40. 3. Tableau (DATA) downgraded to Sell from Neutral at MoffettNathanson. 4. Roche (RHHBY) downgraded to Market Perform from Outperform at Bernstein with analyst Tim Anderson saying its model shows the slowest 5Y EPS growth among his 10 covered names. 5. Baker Hughes (BHGE) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners citing the strong run in Baker Hughes shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/18
WELS
05/24/18
NO CHANGE
Target $45
WELS
Outperform
Baker Hughes price target raised to $45 from $40 at Wells Fargo
Wells Fargo analyst Judson Bailey raised his price target for Baker Hughes to $45 from $40 as he believes firming oil fundamentals raise the prospects for a multi-year recovery in offshore spending beginning in 2019. The analyst reiterates an Outperform rating on the shares.
LNG Cheniere Energy
$64.09

-0.7 (-1.08%)

03/15/18
BOFA
03/15/18
INITIATION
Target $60
BOFA
Buy
Cheniere Energy initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated Cheniere Energy with a Buy and $60 price target. The analyst expects revenue growth to continue as trains currently under construction come into operation over the next few years and the value proposition to improve as execution and construction risks decline.
03/15/18
03/15/18
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. Radian Group (RDN) initiated with a Neutral at Macquarie. 2. Cheniere Energy (LNG) initiated with a Buy at BofA/Merrill. 3. Avid Bioservices (CDMO) initiated with an Outperform at Wells Fargo. 4. Quintana Energy Services (QES) initiated with an Overweight at Capital One. 5. II-VI (IIVI) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/26/18
BERN
03/26/18
UPGRADE
BERN
Outperform
Cheniere Energy upgraded to Outperform from Market Perform at Bernstein
03/27/18
03/27/18
UPGRADE
Target $63

Outperform
Cheniere Energy upgraded to Outperform at Bernstein
As previously reported, Bernstein analyst Jean Ann Salisbury upgraded Cheniere Energy to Outperform from Market Perform as lower gas price drives better margins on marketing, and an improved discount rate as US LNG should be the lowest cost supply and thus unlikely to be reneged on. The analyst also raised her price target on the shares to $63 from $55.

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AAL

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ORCL

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ORCL

Oracle

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