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XOM

Exxon Mobil

$79.83

-1.32 (-1.63%)

, CVX

Chevron

$113.41

-3.82 (-3.26%)

18:22
10/23/18
10/23
18:22
10/23/18
18:22

Endeavor Energy explores possible sale of company, WSJ reports

Endeavor Energy Resources is looking into a sale that could value the company at over $10B, the Wall Street Journal reports, citing people familiar with the matter. The company is working with JPMorgan Chase and Goldman Sachs to look into potential buyers, the report says. Though it is not year clear who might be interested in acquiring the company, big oil companies such as Exxon Mobil (XOM), Chevron (CVX), and BP (BP) have been eager to acquire such assets and with oil prices on the rise are anticipated to generate more cash than they have in years in 2018, the report says. Reference Link

XOM

Exxon Mobil

$79.83

-1.32 (-1.63%)

CVX

Chevron

$113.41

-3.82 (-3.26%)

BP

BP

$42.30

-0.855 (-1.98%)

  • 02

    Nov

XOM Exxon Mobil
$79.83

-1.32 (-1.63%)

10/22/18
SIMM
10/22/18
INITIATION
Target $92
SIMM
Neutral
Exxon Mobil assumed with a Neutral at Simmons
Simmons analyst Blake Fernandez assumed Exxon Mobil with a Neutral rating and a price target of $92 as part of his broader research note on Integrated Oils, suggesting that the industry stands to benefit from the current stage of the energy cycle. Fernandez notes that the current price point may be a "highly attractive" entry for medium to long term investors, but adds that his Neutral stance is a function of where the company is in its investment cycle. The analyst adds that Exxon Mobil's planning of "accelerated spending" has led to a contraction in its free cash flow yield.
09/11/18
BREN
09/11/18
INITIATION
Target $84
BREN
Hold
Exxon Mobil initiated with a Hold at Berenberg
Berenberg analyst Henry Tarr started Exxon Mobil with a Hold rating and $84 price target.
09/21/18
RBCM
09/21/18
NO CHANGE
Target $115
RBCM
Outperform
Exxon Mobil long term investment visibility improving, says RBC Capital
RBC Capital analyst Biraj Borkhataria kept his Outperform rating and $115 price target on Exxon Mobil after meeting with its investor relations VP at the company's recent non deal roadshow. The analyst notes that the discussions focused on Exxon Mobil's accelerating rig activity in the Permian and Guyana with little impact observed from wider differentials. Borkhataria also believes that stock buybacks may begin as soon as early 2019, ahead of expectations, adding that the Exxon Mobil stock remains one of his "top ideas for longer term".
09/28/18
OPCO
09/28/18
NO CHANGE
Target $89
OPCO
Outperform
Teladoc price target raised to $89 from $68 at Oppenheimer
Oppenheimer analyst Mohan Naidu reiterated an Outperform rating on Teledoc and raised his price target to $89 from $68 following the company's analyst day, which highlighted its new deal flow, including relationships with Centene (CNC) and Exxon (XOM), and a very strong pipeline. The recent CMS telehealth proposal makes Medicare a 2020 tailwind, Naidu tells investors in a research note, and says he has gained confidence that Teladoc's competitive barriers include its broad platform and its network of physicians that quickly matches supply and demand.
CVX Chevron
$113.41

-3.82 (-3.26%)

10/22/18
SIMM
10/22/18
INITIATION
Target $139
SIMM
Overweight
Chevron assumed with an Overweight at Simmons
Simmons analyst Blake Fernandez assumed Chevron with an Overweight rating and a price target of $139 as part of his broader research note on Integrated Oils, suggesting that the industry stands to benefit from the current stage of the energy cycle. Fernandez adds that Chevron is his Top Idea given that it had the worst year-to-date equity performance in the peer group and expects the stock to "play catch-up". The analyst further points to the company's "ample Permian takeaway capacity" as alleviation of "industry bottlenecks next year could prompt fund rotation back into equities with leverage" to the region.
10/03/18
REDB
10/03/18
DOWNGRADE
REDB
Neutral
Chevron downgraded to Neutral from Buy at Redburn
Redburn analyst Rob West downgraded Chevron to Neutral from Buy with a $115 fair value, down from $130 saying it benefits less from tightness in gas and increasing late cycle risks.
10/02/18
GSCO
10/02/18
DOWNGRADE
Target $81
GSCO
Neutral
Goldman downgrades ConocoPhillips to Neutral following share outperformance
Goldman Sachs analyst Neil Mehta downgraded ConocoPhillips (CVX) to Neutral citing valuation following the recent outperformance of the shares. The analyst remains positive on the company's strategy and execution, but now sees more attractive relative upside elsewhere, including Chevron (CVX). He has an $81 price target for shares of ConocoPhillips.
10/02/18
GSCO
10/02/18
UPGRADE
Target $142
GSCO
Conviction Buy
Chevron upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Neil Mehta added Chevron to his firm's Americas Conviction List with a $142 price target and keeps a Buy rating on the shares. The analyst believes the recent underperformance creates a "compelling" entry point. He sees 20% total return potential for this free cash flow "winner."
BP BP
$42.30

-0.855 (-1.98%)

10/03/18
REDB
10/03/18
UPGRADE
REDB
Buy
BP upgraded to Buy from Neutral at Redburn
Redburn analyst Rob West upgraded BP to Buy from Neutral and maintained a $90 fair value estimate to reflect increasing free cash flow from ramping global gas mega-projects and hidden value from divestment programs.
10/22/18
SIMM
10/22/18
INITIATION
Target $52
SIMM
Overweight
BP assumed with an Overweight at Simmons
Simmons analyst Blake Fernandez assumed BP with a Overweight rating and a price target of $52 as part of his broader research note on Integrated Oils suggesting that the industry stands to benefit from the current stage of the energy cycle. The analyst cites an improving macro backdrop, increased deleveraging, and expanding shareholder returns that should produce relative outperformance for this assumed group. Fernandez points to BP's "peer leading" 11% expected free cash flow yield and anticipated buybacks coming from the decline of Macondo related payments starting later in 2018, adding that BP also has the most earnings sensitivity to oil price movements.
09/11/18
BREN
09/11/18
INITIATION
BREN
Buy
BP initiated with a Buy at Berenberg
Berenberg analyst Henry Tarr started BP with a Buy rating and 665p price target. The company is starting to grow again, the analyst contends.
09/05/18
09/05/18
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. Anthem (ANTM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Zack Sopcak saying he contends that the disruption in the pharmacy benefits management landscape via M&A and government-led drug pricing reform positions Anthem for underappreciated share gain and accelerated profit growth. 2. BP (BP) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. GasLog (GLOG) upgraded to Buy from Hold at DNB Markets. 4. CenterPoint Energy (CNP) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Turnure saying he sees an "attractive outlook for the proforma company" with 8.2% annual earnings growth through 2021 "under a conservative range of assumptions." 5. PerkinElmer (PKI) upgraded to Equal Weight from Underweight at Barclays with analyst Jack Meehan saying he is more positive on PerkinElmer's near-term growth prospects in Diagnostics due to its recent investments. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CNTY

Century Casinos

$8.75

-0.04 (-0.46%)

07:43
03/20/19
03/20
07:43
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07:43
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Century Casinos rating change  »

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LVS

Las Vegas Sands

$59.29

-0.045 (-0.08%)

07:43
03/20/19
03/20
07:43
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07:43
Initiation
Las Vegas Sands initiated  »

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    May

CTRV

ContraVir Pharmaceuticals

$0.28

-0.015 (-5.17%)

07:43
03/20/19
03/20
07:43
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07:43
Downgrade
ContraVir Pharmaceuticals rating change  »

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ORLY

O'Reilly Automotive

$374.14

-1.77 (-0.47%)

07:42
03/20/19
03/20
07:42
03/20/19
07:42
Initiation
O'Reilly Automotive initiated  »

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IGT

International Game

$13.19

0.11 (0.84%)

07:42
03/20/19
03/20
07:42
03/20/19
07:42
Initiation
International Game initiated  »

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VIAB

Viacom

$27.52

-0.28 (-1.01%)

, VIA

Viacom

$33.45

0.14 (0.42%)

07:41
03/20/19
03/20
07:41
03/20/19
07:41
Periodicals
Viacom warns channels may stop airing on DirecTV, Reuters reports »

Viacom (VIAB) has started…

VIAB

Viacom

$27.52

-0.28 (-1.01%)

VIA

Viacom

$33.45

0.14 (0.42%)

T

AT&T

$30.70

-0.1 (-0.32%)

03/08/13
Wedge Partners
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    Mar

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    Apr

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    Apr

  • 20

    May

  • 06

    Jun

GPC

Genuine Parts

07:41
03/20/19
03/20
07:41
03/20/19
07:41
Initiation
Genuine Parts initiated  »

Genuine Parts initiated…

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  • 04

    Apr

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    Apr

HGV

Hilton Grand Vacations

$31.52

-0.38 (-1.19%)

07:41
03/20/19
03/20
07:41
03/20/19
07:41
Initiation
Hilton Grand Vacations initiated  »

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GLPI

Gaming and Leisure Properties

$36.94

0.06 (0.16%)

07:40
03/20/19
03/20
07:40
03/20/19
07:40
Initiation
Gaming and Leisure Properties initiated  »

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AZO

AutoZone

$979.25

4.31 (0.44%)

07:40
03/20/19
03/20
07:40
03/20/19
07:40
Initiation
AutoZone initiated  »

AutoZone initiated with…

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  • 26

    Mar

CZR

Caesars

$8.53

0.06 (0.71%)

07:39
03/20/19
03/20
07:39
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07:39
Initiation
Caesars initiated  »

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BA

Boeing

$373.87

1.77 (0.48%)

07:39
03/20/19
03/20
07:39
03/20/19
07:39
Periodicals
Voice recorder from Lion Air flight shows pilots' search for fix, Reuters says »

The pilots of the doomed…

03/08/13
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  • 20

    Mar

  • 28

    May

AGS

PlayAGS

$25.51

-0.14 (-0.55%)

07:38
03/20/19
03/20
07:38
03/20/19
07:38
Initiation
PlayAGS initiated  »

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  • 19

    Mar

DFFN

Diffusion Pharmaceuticals

07:38
03/20/19
03/20
07:38
03/20/19
07:38
Recommendations
Diffusion Pharmaceuticals analyst commentary  »

Diffusion price target…

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AAP

Advance Auto Parts

$163.44

1.89 (1.17%)

07:38
03/20/19
03/20
07:38
03/20/19
07:38
Initiation
Advance Auto Parts initiated  »

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  • 26

    Mar

WMT

Walmart

$99.89

0.22 (0.22%)

07:37
03/20/19
03/20
07:37
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07:37
Initiation
Walmart initiated  »

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  • 16

    May

WORX

SCWorx

$7.47

-0.23 (-2.99%)

07:37
03/20/19
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07:37
Hot Stocks
SCWorx wins signs renewal agreement with state university for $427,000 »

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LGND

Ligand

$124.16

-0.45 (-0.36%)

, SAGE

Sage Therapeutics

$156.08

-0.89 (-0.57%)

07:36
03/20/19
03/20
07:36
03/20/19
07:36
Recommendations
Ligand, Sage Therapeutics analyst commentary  »

Ligand receives royalty…

LGND

Ligand

$124.16

-0.45 (-0.36%)

SAGE

Sage Therapeutics

$156.08

-0.89 (-0.57%)

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  • 22

    Mar

PAVM

PAVmed

$1.05

(0.00%)

07:36
03/20/19
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07:36
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07:36
Hot Stocks
PAVmed announces NextFlo testing milestone »

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  • 04

    Apr

TGT

Target

$78.47

0.61 (0.78%)

07:35
03/20/19
03/20
07:35
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07:35
Initiation
Target initiated  »

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AGYS

Agilysys

$20.38

(0.00%)

07:35
03/20/19
03/20
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07:35
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Rosewood Hotel & Resorts selects Agilysys' InfoGenesis POS for resort »

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AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

, BHC

Bausch Health

$26.29

1.745 (7.11%)

07:35
03/20/19
03/20
07:35
03/20/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

BHC

Bausch Health

$26.29

1.745 (7.11%)

DWDP

DowDuPont

$55.10

-0.12 (-0.22%)

DAL

Delta Air Lines

$50.96

0.22 (0.43%)

NKE

Nike

$87.74

-0.06 (-0.07%)

S

Sprint

$6.35

-0.11 (-1.70%)

RCII

Rent-A-Center

$19.69

-1.51 (-7.12%)

GIS

General Mills

$47.24

-0.365 (-0.77%)

YUM

Yum! Brands

$99.21

-1.04 (-1.04%)

TSG

The Stars Group

$16.95

-0.01 (-0.06%)

03/08/13
Wedge Partners
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  • 20

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  • 16

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  • 01

    May

  • 28

    May

07:35
03/20/19
03/20
07:35
03/20/19
07:35
General news
Treasury Market Outlook: Treasury yields are a tad richer ahead of the FOMC »

Treasury Market Outlook:…

07:35
03/20/19
03/20
07:35
03/20/19
07:35
General news
U.S. MBA mortgage market index rose 1.6% »

U.S. MBA mortgage market…

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

07:34
03/20/19
03/20
07:34
03/20/19
07:34
Hot Stocks
Google fined EUR1.49B by EU for abusive practices in online advertising »

The European Commission…

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

03/08/13
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