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BP

BP

$37.82

-0.59 (-1.54%)

, BHP

BHP Group

$47.43

0.45 (0.96%)

06:51
12/19/18
12/19
06:51
12/19/18
06:51

BP commences $3B sale of U.S. onshore assets, Reuters reports

BP (BP) has commenced the sale of U.S. oil and gas onshore assets that could raise more than $3B to help it pay for other fields in the U.S. it bought in October from BHP (BHP), Reuters reports, citing industry and banking sources. BP has said it would sell $5B-$6B to finance the BHP deal. Reference Link

BP

BP

$37.82

-0.59 (-1.54%)

BHP

BHP Group

$47.43

0.45 (0.96%)

  • 10

    Feb

BP BP
$37.82

-0.59 (-1.54%)

12/18/18
12/18/18
INITIATION
Target $41

Market Perform
Wells Fargo starts BP at Market Perform with $41 price target
As previously reported, Wells Fargo analyst Roger Read started BP with a Market Perform rating and $41 price target, citing his expectation that BP's total cash shareholder returns will trail its peer group through 2021. Despite an attractive valuation and production growth potential, BP's higher balance sheet leverage is a headwind to outperforming the market, Read tells investors.
12/18/18
WELS
12/18/18
INITIATION
Target $41
WELS
Market Perform
BP initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Roger Read started BP with a Market Perform rating and $41 price target.
11/20/18
11/20/18
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. LyondellBasell (LYB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying the shares look attractive when investors "look through oil and market volatility," anticipating the company to post "robust" EBITDA growth in 2019 and 2020. 2. BP (BP) upgraded to Outperform from Market Perform at Raymond James with analyst Jean-Pierre Dmirdjian saying poor year-to-date share performance has created an attractive entry point. He also said shares screen well on free cash flow, oil leverage, and production growth. 3. CME Group (CME) upgraded to Buy from Hold at Berenberg with analyst Chris Turner saying he expects "unsettled markets" in 2019 to provide a supportive backdrop for volumes in CME's core interest rate and currency products. 4. American Vanguard (AVD) upgraded to Buy from Hold at Loop Capital with analyst Chris Kapsch saying despite "much negativity" surrounding the broader agriculture end market amid the ongoing Trump/China trade war, American Vanguard is "navigating and executing admirably." 5. EQT Corporation (EQT) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Singer saying he believes the company's production guidance calling for 5% asset sale-adjusted growth in 2019 is conservative. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/18
11/20/18
UPGRADE

Outperform
BP upgraded to Outperform on valuation at Raymond James
As previously reported, Raymond James upgraded BP to Outperform from Market Perform. Analyst Jean-Pierre Dmirdjian said poor year-to-date share performance has crated an attractive entry point and said shares screen well on free cash flow, oil leverage, and production growth.
BHP BHP Group
$47.43

0.45 (0.96%)

12/18/18
DBAB
12/18/18
NO CHANGE
DBAB
Rio Tinto acquisitions part of Deutsche's 'left-field ideas' for miners
With the potential for slower growth in China, weaker iron ore prices and rising production costs, the Mining industry may consider bold actions in 2019, Deutsche Bank told investors in a research note. The firm's "left-field ideas" include Rio Tinto (RIO) possibly considering acquisitions of Anglo American (NGLOY), First Quantum Minerals (FQVLF) or Freeport McMoRan (FCX). Deutsche also thinks BHP Billiton (BHP) could further look to trim its portfolio with a spinoff that includes its Nickel West unit, oil and gas operations in Australia, and thermal coal in Colombia and Australia.
12/06/18
12/06/18
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. Facebook (FB) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Facebook has made too many enemies, including politicians, regulators, technology leaders, consumers, and employees, to not experience "long-term negative ramifications on its business." 2. Conatus (CNAT) downgraded to Hold from Buy at Stifel with analyst Stephen Willey saying the Encore-PH trial missed its pre-specified primary endpoint but post-hoc analyses demonstrated a trend towards statistically significant/emricasan-mediated improvements in patients with compensated cirrhosis and elevated baseline hepatic venous pressure gradient values. 3. BHP Billiton (BHP) downgraded to Neutral from Overweight at JPMorgan with analyst Lyndon Fagan saying the stock has outperformed Rio Tinto (RIO) by 10% year-to-date, and is now trading "within range of our valuation." 4. Toll Brothers (TOL) downgraded to Sector Perform from Outperform at RBC Capital with analyst Michael Dahl citing a "sharper than expected weakness in orders and likelihood of further near-term declines," with softer margin assumptions attributed to a weaker outlook for orders. 5. Bluebird Bio (BLUE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Tyler Van Buren saying the company is "incredibly innovative" company and bb2121 and LentiGlobin are essentially curing some patients, but the benefits "are not without serious risks." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/18
GSCO
12/06/18
UPGRADE
GSCO
Conviction Buy
BHP Billiton upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman analyst Paul Young added BHP Billiton to the Conviction Buy List saying shares are undervalued despite China weakness. Young sees further upside from share buybacks, superior margins, and non-core divestment potential.
12/06/18
JPMS
12/06/18
DOWNGRADE
JPMS
Neutral
BHP Billiton downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Lyndon Fagan downgraded BHP Billiton (BHP) to Neutral and lowered his price target for the shares to A$35 from A$38. The stock has outperformed Rio Tinto (RIO) by 10% year-to-date, and is now trading "within range of our valuation," Fagan tells investors in a research note. He keeps an Overweight rating on Rio saying the stock is "now cheaper than BHP across a range of valuation metrics."

TODAY'S FREE FLY STORIES

01:55
10/24/19
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General news
U.S. initial jobless claims preview: »

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01:40
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Asian Market Update: »

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GM

General Motors

$36.62

0.3 (0.83%)

21:16
10/23/19
10/23
21:16
10/23/19
21:16
Periodicals
Flint, Michigan UAW approves labor deal with General Motors, Bloomberg reports »

The vote was 61% in favor…

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  • 29

    Oct

GLD

SPDR Gold Shares

$140.57

0.4 (0.29%)

20:29
10/23/19
10/23
20:29
10/23/19
20:29
Hot Stocks
SPDR Gold Shares holdings fall to 918.48MT from 919.66MT »

This is the second…

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CMCSA

Comcast

$45.74

-0.04 (-0.09%)

, CMCSK

Comcast

$0.00

(0.00%)

20:25
10/23/19
10/23
20:25
10/23/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CMCSA

Comcast

$45.74

-0.04 (-0.09%)

CMCSK

Comcast

$0.00

(0.00%)

DHR

Danaher

$138.39

1.19 (0.87%)

MMM

3M

$168.62

1.06 (0.63%)

NOC

Northrop Grumman

$352.89

0.48 (0.14%)

RTN

Raytheon

$203.81

-1.08 (-0.53%)

BAX

Baxter

$87.90

0.87 (1.00%)

DOW

Dow Inc.

$47.29

0.47 (1.00%)

HSY

Hershey

$149.67

-0.06 (-0.04%)

TWTR

Twitter

$38.83

0.01 (0.03%)

LUV

Southwest

$53.27

0.375 (0.71%)

TROW

T. Rowe Price

$108.01

0.01 (0.01%)

SWK

Stanley Black & Decker

$153.73

2.42 (1.60%)

HBAN

Huntington Bancshares

$14.49

0.06 (0.42%)

CTXS

Citrix

$103.60

-0.5 (-0.48%)

TSCO

Tractor Supply

$95.02

0.8 (0.85%)

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AMZN

Amazon.com

$1,761.81

-4.26 (-0.24%)

20:22
10/23/19
10/23
20:22
10/23/19
20:22
Hot Stocks
Ceiva Logic sues Amazon for patent infringement »

CEIVA Logic announced it…

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  • 23

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    Nov

DLGNF

Dialog Semiconductor

$0.00

(0.00%)

20:17
10/23/19
10/23
20:17
10/23/19
20:17
Earnings
Dialog Semiconductor sees Q3 revenue $409M, up from prior $360M-$400M view »

As a result of the higher…

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HBMD

Howard Bancorp

$16.20

-0.23 (-1.40%)

19:17
10/23/19
10/23
19:17
10/23/19
19:17
Earnings
Howard Bancorp reports Q3 EPS 24c, two estimates 25c »

Reports Q3 NII $17.2M,…

03/08/13
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TSLA

Tesla

$254.93

-0.69 (-0.27%)

19:02
10/23/19
10/23
19:02
10/23/19
19:02
Hot Stocks
Tesla CFO says Model Y margins will be slightly higher than Model 3 »

Says Model Y cost…

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  • 23

    Oct

PUB

People's Utah Bancorp

$28.93

-0.57 (-1.93%)

18:58
10/23/19
10/23
18:58
10/23/19
18:58
Earnings
People's Utah Bancorp reports Q3 EPS 59c, consensus 59c »

"People's Utah…

03/08/13
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  • 24

    Oct

TSLA

Tesla

$254.93

-0.69 (-0.27%)

, MKSI

MKS Instruments

$94.65

-1.26 (-1.31%)

18:57
10/23/19
10/23
18:57
10/23/19
18:57
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Tesla…

TSLA

Tesla

$254.93

-0.69 (-0.27%)

MKSI

MKS Instruments

$94.65

-1.26 (-1.31%)

ALGN

Align Technology

$217.25

3.62 (1.69%)

FFIV

F5 Networks

$138.33

-0.71 (-0.51%)

MX

MagnaChip

$11.97

-0.2 (-1.64%)

PYPL

PayPal

$96.55

-0.85 (-0.87%)

LRCX

Lam Research

$233.22

-1.69 (-0.72%)

VAR

Varian Medical

$117.42

2.83 (2.47%)

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

SAVE

Spirit Airlines

$37.73

0.48 (1.29%)

SEIC

SEI Investments

$57.20

-0.21 (-0.37%)

EW

Edwards Lifesciences

$224.58

2.66 (1.20%)

PTC

PTC

$66.91

1.07 (1.63%)

ORLY

O'Reilly Automotive

$400.49

-0.08 (-0.02%)

BMRN

BioMarin

$69.07

1.34 (1.98%)

CMRE

Costamare

$7.31

0.25 (3.54%)

SLM

Sallie Mae

$9.06

0.005 (0.06%)

CLB

Core Laboratories

$43.80

1.525 (3.61%)

AEM

Agnico Eagle

$54.09

1.03 (1.94%)

MSFT

Microsoft

$137.23

0.84 (0.62%)

NTGR

Netgear

$30.63

-1.32 (-4.13%)

FTI

TechnipFMC

$23.40

-0.1 (-0.43%)

EBAY

eBay

$39.22

0.25 (0.64%)

KRA

Kraton

$21.47

-0.51 (-2.32%)

F

Ford

$9.20

0.14 (1.55%)

MMLP

Martin Midstream Partners

$4.42

-0.03 (-0.67%)

XLNX

Xilinx

$93.83

-2.18 (-2.27%)

DHT

DHT Holdings

$7.68

0.3 (4.07%)

EFX

Equifax

$139.06

-0.2 (-0.14%)

03/08/13
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TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:45
10/23/19
10/23
18:45
10/23/19
18:45
Hot Stocks
Tesla CFO says global order rate is 'strong and continues to increase' »

Says lower CapEx in Q3…

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  • 23

    Oct

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

, NKE

Nike

$92.30

-3.31 (-3.46%)

18:44
10/23/19
10/23
18:44
10/23/19
18:44
Hot Stocks
ServiceNow CEO: I have a twenty year relationship with Nike »

In an interview on…

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

NKE

Nike

$92.30

-3.31 (-3.46%)

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    Dec

TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:40
10/23/19
10/23
18:40
10/23/19
18:40
Hot Stocks
Tesla CEO says self-driving 'appears to be on track' for release by year-end »

Says releasing version 3…

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  • 23

    Oct

PKG

Packaging Corp.

$110.11

1.48 (1.36%)

18:40
10/23/19
10/23
18:40
10/23/19
18:40
Earnings
Packaging Corp. reports Q3 EPS ex-items $1.92, consensus $1.90 »

Reports Q3 revenue $1.8B,…

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  • 24

    Oct

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    Nov

TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:38
10/23/19
10/23
18:38
10/23/19
18:38
Hot Stocks
Tesla CEO says made great strides in controlling costs during Q3 »

Operating cost is lowest…

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  • 23

    Oct

POOL

Pool Corp.

$206.03

-6.87 (-3.23%)

18:32
10/23/19
10/23
18:32
10/23/19
18:32
Hot Stocks
Pool Corp. CFO sells 5,000 common shares »

In a regulatory filing,…

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  • 23

    Oct

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  • 13

    Nov

GOOG

Alphabet

$1,259.62

16.835 (1.35%)

, GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

18:29
10/23/19
10/23
18:29
10/23/19
18:29
Periodicals
Google accused of building spy software curb worker dissent, Bloomberg says »

Google workers are…

GOOG

Alphabet

$1,259.62

16.835 (1.35%)

GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

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NFBK

Northfield Bancorp

$16.88

0.04 (0.24%)

18:18
10/23/19
10/23
18:18
10/23/19
18:18
Earnings
Northfield Bancorp reports Q3 EPS 28c, consensus 26c »

Reports Q3 revenue…

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  • 13

    Nov

BRP

BRP Group

$0.00

(0.00%)

18:16
10/23/19
10/23
18:16
10/23/19
18:16
Syndicate
BRP Group 16.4M share IPO priced at $14.00 »

The deal priced at low…

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  • 24

    Oct

GOOG

Alphabet

$1,259.62

16.835 (1.35%)

, GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

18:04
10/23/19
10/23
18:04
10/23/19
18:04
Periodicals
Google accused of building spy software curb worker dissent, Bloomberg says »

Google workers are…

GOOG

Alphabet

$1,259.62

16.835 (1.35%)

GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

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MSFT

Microsoft

$137.23

0.84 (0.62%)

18:03
10/23/19
10/23
18:03
10/23/19
18:03
Hot Stocks
Microsoft sees Q2 Productivity and Business Processes revenue $11.3B-$11.5B »

Sees Q2: Intelligent…

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:02
10/23/19
10/23
18:02
10/23/19
18:02
Hot Stocks
Breaking Hot Stocks news story on Tesla »

Tesla up 20.6% after…

03/08/13
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