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CPE

Callon Petroleum

$10.39

-0.115 (-1.09%)

, ECA

Encana

$8.72

-0.16 (-1.80%)

16:29
11/06/18
11/06
16:29
11/06/18
16:29

Callon Petroleum: Jeffrey Balmer to succeed Gary Newberry as COO

Callon Petroleum (CPE) announced that Jeffrey Balmer will succeed Gary Newberry as Senior Vice President and COO, effective December 10, 2018. Balmer will join Callon this month and Newberry will retire from the company in January 2019. Balmer has 30 years of operations and subsurface leadership experience in the energy industry. His most recent role was Vice President and General Manager, Southern Operating Area for Encana (ECA) with responsibility for all of Encana's upstream operations in the Permian Basin.

CPE

Callon Petroleum

$10.39

-0.115 (-1.09%)

ECA

Encana

$8.72

-0.16 (-1.80%)

  • 07

    Nov

  • 13

    Nov

  • 26

    Nov

CPE Callon Petroleum
$10.39

-0.115 (-1.09%)

06/14/18
IMPC
06/14/18
NO CHANGE
IMPC
Outperform
Imperial Capital sees attractive valuations for Permian names
The market has overreacted to the "inevitable traffic jams and competition for outbound transportation" taking place in the Permian region, Imperial Capital analysts Irene Haas and Jason Wangler tells investors in a research note. Following conversations with industry participants in both the upstream and midstream arenas of the Permian Region, the analysts believes relief for oil could materialize in early 2019. They sees a "handful of high quality Permian names at attractive valuations," including Diamondback Energy (FANG), Resolute Energy (REN), Ring Energy (REI), Callon Petroleum (CPE), Matador Resources and PDC Energy (PDCE).
08/29/18
LEHM
08/29/18
INITIATION
Target $14
LEHM
Overweight
Callon Petroleum initiated with an Overweight at Barclays
Barclays analyst Jeanine Wai started Callon Petroleum with an Overweight rating and $14 price target. The analyst initiated coverage of eight large-cap and three smid-cap Exploration & Production companies in the North America oil & gas industry with a Positive view. Increased capital discipline, technology-driven efficiency gains, "fortified" balance sheets and a supportive oil price outlook should drive improving shareholder returns and stock price performance, Wai tells investors in a research note.
09/26/18
SBSH
09/26/18
NO CHANGE
SBSH
Citi opens catalyst watch for Callon Petroleum, Jagged Peak Energy
Citi analyst Robert Morris opened a catalyst watch for Callon Petroleum (CPE) and Jagged Peak Energy (JAG) with regard to the University Lands sealed-bid lease sale on August 19. Results are expected within the next week, the analyst tells investors in a research note. While the sale includes leases in both the Delaware and Midland Basins, Morris believes the acreage in Ward County holds the highest implications for the two companies.
10/02/18
OPCO
10/02/18
INITIATION
OPCO
Outperform
Callon Petroleum initiated with an Outperform at Oppenheimer
Oppenheimer analyst Tim Rezvan initiated Callon Petroleum with an Outperform rating and $16 price target.
ECA Encana
$8.72

-0.16 (-1.80%)

11/05/18
BMOC
11/05/18
DOWNGRADE
Target $12
BMOC
Market Perform
Encana downgraded to Market Perform at BMO Capital on Newfield deal
As reported earlier, BMO Capital analyst Randy Ollenberger downgraded Encana (ECA) to Market Perform from Outperform and lowered his price target to $12 from $18. The analyst says the company's "solid" Q3 results were "overshadowed" by its proposed $7.7B acquisition of Newfield Exploration (NFX) that produced a "material selloff" in its stock price, reflecting investors concerns over the "asset base and a shift in the underlying investment thesis" of the latter. Ollenberger contends that while the sell-off may be overdone, he expects the stock price to trade range-bound until more visibility over the benefits of the deal emerge.
11/05/18
11/05/18
DOWNGRADE

Equal Weight
Encana downgraded to Equal Weight on Newfield deal risk at Morgan Stanley
As previously reported, Morgan Stanley analyst Benny Wong downgraded Encana (ECA) to Equal Weight from Overweight, stating that he gives 50% credit to the targeted $250M in synergies the company outlined in its announcement of its deal to buy Newfield Exploration (NFX), but not the other half since Encana's Cube approach has not been tried before in the STACK/SCOOP play. The OKC play comes with concern around inventory quality and higher gas-oil ratios, added Wong, who now views Encana as a "show me" story. He lowered his price target on Encana shares to $15 from $19 and also raised his price target on Newfield shares to $31 to $23.
11/05/18
WOLF
11/05/18
DOWNGRADE
WOLF
Peer Perform
Encana downgraded to Peer Perform from Outperform at Wolfe Research (pre-open)
11/05/18
11/05/18
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. Starbucks (SBUX) downgraded to Sell from Hold at DZ Bank. 2. Encana (ECA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at BMO Capital. 3. Hilton (HLT) downgraded to Hold from Buy at Argus with analyst John Staszak saying that while the company is seeing success from its franchised business model, some of its markets are facing more challenging economic conditions and competition from other hoteliers and Airbnb is growing tighter. 4. Motorola Solutions (MSI) downgraded to Hold on valuation at Gabelli with analyst Hendi Susanto citing valuation. 5. UMC (UMC) downgraded to Sell from Underperform at CLSA with the firm's analyst citing the U.S. federal grand jury indictment into the company's potential involvement in IP-theft from Micron (MU). 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

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NAK

Northern Dynasty

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TSCO

Tractor Supply

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0.53 (0.55%)

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Conference/Events
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PWR

Quanta Services

$36.49

0.815 (2.28%)

14:40
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Repeat put buyers in Quanta Services ahead of earnings »

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EADSY

Airbus

$0.00

(0.00%)

14:38
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Conference/Events
Airbus management to meet with JPMorgan »

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NTR

Nutrien

$54.57

1.22 (2.29%)

14:35
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Options
Nutrien put volume heavy and directionally bearish »

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14:35
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General news
On the balance sheet: »

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SSNLF

Samsung

$0.00

(0.00%)

, VZ

Verizon

$55.67

0.24 (0.43%)

14:34
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Periodicals
Samsung unveils Galaxy S10 5G, Verge reports »

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Samsung

$0.00

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VZ

Verizon

$55.67

0.24 (0.43%)

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FDP

Fresh Del Monte

$29.80

0.53 (1.81%)

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CYTK

Cytokinetics

$7.52

-0.17 (-2.21%)

, AMGN

Amgen

$187.14

0.17 (0.09%)

14:27
02/20/19
02/20
14:27
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14:27
Recommendations
Cytokinetics, Amgen analyst commentary  »

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CYTK

Cytokinetics

$7.52

-0.17 (-2.21%)

AMGN

Amgen

$187.14

0.17 (0.09%)

03/08/13
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GG

Goldcorp

$11.52

0.25 (2.22%)

14:25
02/20/19
02/20
14:25
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14:25
Options
Goldcorp call volume above normal and directionally bullish »

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14:25
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General news
FX Action: The Dollar »

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$172.67

1.72 (1.01%)

14:23
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Samsung unveils new foldable phone called Galaxy Fold, Verge reports »

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Samsung

$0.00

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AAPL

Apple

$172.67

1.72 (1.01%)

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  • 01

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FDP

Fresh Del Monte

$29.80

0.53 (1.81%)

14:20
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14:20
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FOMC minutes to Januayr 29, 30 meeting: »

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NXTM

NxStage Medical

$29.99

0.35 (1.18%)

, FMS

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$40.17

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

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ETSY

Etsy

$54.65

-0.65 (-1.18%)

14:15
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SPX

S&P 500

$0.00

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0.71 (0.26%)

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General news
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SPX

S&P 500

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, SPY

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General news
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SPX

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0.43 (0.15%)

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SPX

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, SPY

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$278.34

0.45 (0.16%)

14:02
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$278.34

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FDP

Fresh Del Monte

$29.97

0.7 (2.39%)

14:00
02/20/19
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BHC

Bausch Health

$23.13

-2.04 (-8.10%)

14:00
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Options
Dip buyer in Bausch Health Companies »

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