Breaking News Instant updates and real-time market news.

FANG

Diamondback Energy

$105.86

-0.16 (-0.15%)

, CXO

Concho Resources

$114.84

-0.56 (-0.49%)

10:11
04/16/19
04/16
10:11
04/16/19
10:11

Meister calls Diamondback, Concho, Pioneer 'must-own targets,' Bloomberg says

Bloomberg quotes Keith Meister of Corvex as stating at the 13D Monitor Active-Passive Summit that he thinks Chevron's (CVX) deal for Anadarko (APC) is an energy sector catalyst and he sees Diamondback Energy (FANG), Concho Resources (CXO) and Pioneer Natural (PXD) as "must-own targets." He "would be shocked" if those three were independent companies in five years, Meister added, according to Bloomberg's headlines from the 13D event.

FANG

Diamondback Energy

$105.86

-0.16 (-0.15%)

CXO

Concho Resources

$114.84

-0.56 (-0.49%)

PXD

Pioneer Natural

$169.06

1.32 (0.79%)

CVX

Chevron

$120.41

0.32 (0.27%)

APC

Anadarko

$62.65

0.36 (0.58%)

  • 26

    Apr

  • 30

    Apr

  • 01

    May

  • 07

    May

  • 08

    May

  • 14

    May

  • 16

    May

  • 16

    May

  • 22

    May

  • 29

    May

FANG Diamondback Energy
$105.86

-0.16 (-0.15%)

03/13/19
WELS
03/13/19
NO CHANGE
Target $177
WELS
Outperform
Diamondback Energy price target raised to $177 from $161 at Wells Fargo
Wells Fargo analyst Nitin Kumar raised his price target for Diamondback Energy to $177 from $161, while reiterating an Outperform rating on the shares. The analyst notes that the company took the hard step of reducing 2019 activity to reflect lower commodity prices in December, leaving the Q4 earnings call mostly focused on progress on anticipated synergies from the Energen acquisition. With scale now firmly in hand, Kumar believes Diamondback Energy is positioned to provide both peer leading growth and cash return to shareholders beginning in 2020.
03/11/19
JPMS
03/11/19
INITIATION
Target $148
JPMS
Overweight
JPMorgan reinstates Diamondback at Overweight, adds to Analyst Focus List
JPMorgan analyst Michael Glick reinstated coverage of Diamondback Energy with an Overweight rating and $148 price target following a period of restriction. The analyst sees Diamondback as a premier oil-levered name and added the shares to his firm's U.S. Analyst Focus List. Between the upstream, minerals and midstream businesses, Diamondback is a "unique 'triple threat' of potential value creation," Glick tells investors in a research note.
02/21/19
MSCO
02/21/19
NO CHANGE
Target $154
MSCO
Overweight
Diamondback Energy price target raised to $154 from $147 at Morgan Stanley
Morgan Stanley analyst Drew Venker said Diamondback Energy reported "a solid production beat" and announced plans to further prioritize free cash flow generation by moderating its pace of rig additions after 2019. The analyst, who believes free cash flow generation and return of cash are the right path to maximize value creation, raised his price target on Diamondback shares to $154 and keeps an keeps an Overweight rating on the stock.
01/29/19
01/29/19
INITIATION

Mizuho initiates seven 'exciting' E&P stocks
Mizuho analyst Paul Sankey expanded his coverage of the E&P, or exploration and production, sector with the initiation of seven U.S.-focused, liquids-weighted E&Ps. Sankey initiated Concho Resources (CXO), Continental Resources (CLR), and Diamondback Energy (FANG) with Buy ratings, and Cimarex Energy Company (XEC), Encana Corporation (ECA), Parsley Energy (PE), and WPX Energy (WPX) with Neutral ratings. The analyst views each of these names as quality operators at varying stages in the transition to "Renaissance E&P." He believes "sustainable cash return growth is the key to making E&Ps competitive, not just relative to their history, but to the broader market," and sees his three Buy-rated names as the furthest along this process.
CXO Concho Resources
$114.84

-0.56 (-0.49%)

02/21/19
MKMP
02/21/19
NO CHANGE
Target $150
MKMP
Buy
Concho Resources price target lowered to $150 from $161 at MKM Partners
MKM Partners analyst John Gerdes lowered his price target on Concho Resources to $150 after its Q4 earnings miss and FY19 outlook calling for lower capex plans and higher than expected transport and overhead expenses. The analyst also keeps his Buy rating on the shares thanks to its above-industry full-cycle return rates because of its "differential operating scale and a 65%-70% oil composition".
02/21/19
MUFG
02/21/19
NO CHANGE
Target $158
MUFG
Overweight
Concho Resources price target lowered to $158 from $208 at MUFG
MUFG analyst Michael McAllister lowered his price target on Concho Resources to $158, saying that while the company generated Q4 production and free cash flow that was in line with expectations, the management's outlook regarding return of free cash flow to investors on the call did not inspire confidence. McAllister is keeping his Overweight rating thanks to its "leading position in the Permian Basin and proven execution in low-price environments",
03/13/19
WELS
03/13/19
NO CHANGE
Target $151
WELS
Outperform
Concho Resources price target lowered to $151 from $174 at Wells Fargo
Wells Fargo analyst Nitin Kumar lowered his price target for Concho Resources to $151 from $174 after the company made a surprisingly large cut to its previously announced capital plans for 2019 and 2020. The analyst reiterates an Outperform rating on the shares, while removing the stock from his Top Picks on valuation.
04/15/19
MSCO
04/15/19
NO CHANGE
MSCO
Overweight
Chevron shares should be bought on Anadarko deal weakness, says Morgan Stanley
Morgan Stanley analyst Devin McDermott said he believes that Chevron's (CVX) agreement to acquire Anadarko (APC) is a "win-win for shareholders of both companies" given what he views as "clear strategic benefits and attractive accretion." Chevron was able to acquire the company "that offers the best strategic fit at what could prove to be the best relative valuation" ahead of what could be the start of a broader round of consolidation, contends McDermott, who recommends being a buyer of Chevron shares on the weakness seen after the deal was announced. In terms of who may be next, McDermott said he thinks Pioneer Natural (PXD), Concho Resources (CXO) and Parsley Energy (PE) could be potential targets for other oil majors.
PXD Pioneer Natural
$169.06

1.32 (0.79%)

03/19/19
MZHO
03/19/19
DOWNGRADE
Target $158
MZHO
Neutral
Pioneer Natural downgraded to Neutral from Buy at Mizuho
Mizuho analyst Paul Sankey downgraded Pioneer Natural Resources (PXD) to Neutral from Buy and lowered his price target for the shares to $158 from $206. Following Exxon Mobil's (XOM) and Chevron's (CVX) analyst days, Sankey sees less likelihood of a Pioneer Natural takeover. While the analyst's prior Buy rating was not based entirely on Pioneer Natural's takeout potential, he says an acquisition "does represent the most direct path for immediate realization of longer-term resource / inventory upside." He now believes the shares will lag his coverage on mid-cycle free cash flow yield.
04/12/19
GSCO
04/12/19
NO CHANGE
GSCO
Goldman downgrades California Resources, Chesapeake to Sell, upgrades Murphy
Within the Exploration and Production space, Goldman Sachs analyst Brian Singer recommends selling stocks where the valuation post recent rallies "appears at odds" with the company's competitive positioning. With that in mind, Singer downgraded both California Resources (CRC) and Chesapeake Energy (CHK) to Sell from Neutral. California Resources has a low decline rate and competitive supply cost but unfavorable debt cost that does not warrant the extent of its current valuation premium, says the analyst. For Chesapeake, Singer sees less favorable supply cost and corporate returns. The analyst also upgraded Murphy Oil (MUR) to Neutral from Sell. He believes the stock's current valuation appears more in line with its competitive positioning. Singer recommends buying "low cost oil suppliers" Encana (ECA), Parsley Energy (PE), Pioneer Natural (PXD) and EOG Resources (EOG) and Chevron (CVX).
04/15/19
MACQ
04/15/19
UPGRADE
MACQ
Outperform
Pioneer Natural upgraded to Outperform from Neutral at Macquarie
CVX Chevron
$120.41

0.32 (0.27%)

04/15/19
SBSH
04/15/19
NO CHANGE
Target $142
SBSH
Buy
Chevron price target raised to $142 from $135 at Citi
Citi analyst Alastair Syme raised his price target for Chevron (CVX) to $142 from $135 to reflect the company's acquisition of Anadarko Petroleum (APC). The analyst sees the acquisition as an "opportunistic deal" to acquire a "discounted resource that acts to lower the cost-curve position of the new entity." He keeps a Buy rating on Chevron shares.
04/15/19
MKMP
04/15/19
DOWNGRADE
Target $65
MKMP
Neutral
Anadarko downgraded to Neutral from Buy at MKM Partners
MKM Partners analyst John Gerdes downgraded Anadarko (APC) to Neutral from Buy and lowered his price target to $65 from $66 after its acquisition by Chevron (CVX). The analyst says the deal looks like a "near certainty" and also views its valuation at 6.1-times expected FY19 EBITDA as "full and fair". Gerdes adds that the business combination is "eminently logical", combining "asset/organization capabilities in the Delaware Basin, deep water Gulf of Mexico, and as to global LNG."
04/15/19
04/15/19
DOWNGRADE
Target $65

Sector Perform
Anadarko downgraded to Sector Perform at RBC Capital on Chevron deal
As previously reported, RBC Capital analyst Scott Hanold downgraded Anadarko (APC) to Sector Perform and kept his $65 price target following the company's acquisition by Chevron (CVX). The analyst says he does not expect competing bids to emerge and believes that shareholders will accept the offer. Hanold adds that the deal came out from the "meaningful discount" for Anadarko shares related to the "combination of concern over political-driven changes in Colorado that could impact long-term development in the DJ Basin and the capital outlay required for the Mozambique LNG project upon sanction."
APC Anadarko
$62.65

0.36 (0.58%)

04/16/19
ARGS
04/16/19
DOWNGRADE
ARGS
Hold
Anadarko downgraded to Hold from Buy at Argus
Argus analyst William Selesky downgraded Anadarko (APC) to Hold from Buy after its agreement to be acquired by Chevron (CVX).

TODAY'S FREE FLY STORIES

HMST

HomeStreet

$28.08

(0.00%)

11:50
04/24/19
04/24
11:50
04/24/19
11:50
Hot Stocks
HomeStreet 'disappointed' over Blue Lion's director nominations, proposals »

HomeStreet issued a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Apr

PYPL

PayPal

$107.92

1.01 (0.94%)

, FB

Facebook

$183.84

0.07 (0.04%)

11:50
04/24/19
04/24
11:50
04/24/19
11:50
Earnings
Fly Intel: What to watch in PayPal earnings report »

PayPal (PYPL) is…

PYPL

PayPal

$107.92

1.01 (0.94%)

FB

Facebook

$183.84

0.07 (0.04%)

EBAY

eBay

$38.45

1.79 (4.88%)

JPM

JPMorgan

$113.45

-0.29 (-0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 24

    Apr

  • 09

    May

  • 14

    May

  • 21

    May

  • 22

    May

  • 29

    May

  • 30

    May

  • 03

    Jun

  • 11

    Jun

  • 16

    Jul

AMRN

Amarin

$18.32

-0.07 (-0.38%)

11:45
04/24/19
04/24
11:45
04/24/19
11:45
Options
Amarin call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 01

    May

  • 06

    May

11:45
04/24/19
04/24
11:45
04/24/19
11:45
General news
Treasury's $20 B FRN auction was awarded at a high discount margin of 0.139% »

Treasury's $20 B FRN…

LRN

K12

$31.11

-5.115 (-14.12%)

11:40
04/24/19
04/24
11:40
04/24/19
11:40
Recommendations
K12 analyst commentary  »

Barrington reiterates…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSLA

Tesla

$262.87

-0.98 (-0.37%)

, SSNLF

Samsung

$0.00

(0.00%)

11:40
04/24/19
04/24
11:40
04/24/19
11:40
Earnings
Fly Intel: What to watch in Tesla earnings report »

Tesla (TSLA) is scheduled…

TSLA

Tesla

$262.87

-0.98 (-0.37%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

CAT

Caterpillar

$138.82

-3.26 (-2.29%)

11:37
04/24/19
04/24
11:37
04/24/19
11:37
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar: Trade…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

GWW

Grainger

$292.75

-0.46 (-0.16%)

11:37
04/24/19
04/24
11:37
04/24/19
11:37
Hot Stocks
Grainger authorizes repurchase of additional 5M shares »

W.W. Grainger announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

BKU

BankUnited

$35.97

0.24 (0.67%)

11:36
04/24/19
04/24
11:36
04/24/19
11:36
Downgrade
BankUnited rating change  »

BankUnited downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 15

    May

GWW

Grainger

$292.73

-0.48 (-0.16%)

11:36
04/24/19
04/24
11:36
04/24/19
11:36
Hot Stocks
Grainger raises dividend by 6% to $1.44 per share »

W.W. Grainger announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

BBY

Best Buy

$75.08

1.48 (2.01%)

, PG

Procter & Gamble

$104.47

1.28 (1.24%)

11:36
04/24/19
04/24
11:36
04/24/19
11:36
On The Fly
Best Buy, P&G, Snap upgrades among today's top analyst calls »

Check out today's top…

BBY

Best Buy

$75.08

1.48 (2.01%)

PG

Procter & Gamble

$104.47

1.28 (1.24%)

SNAP

Snap

$11.20

-0.79 (-6.59%)

KHC

Kraft Heinz

$32.73

-0.365 (-1.10%)

AAPL

Apple

$208.23

0.73 (0.35%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Apr

  • 23

    May

  • 29

    May

  • 03

    Jun

TEVA

Teva

$14.98

0.07 (0.47%)

, MYL

Mylan

$26.47

-0.13 (-0.49%)

11:35
04/24/19
04/24
11:35
04/24/19
11:35
Recommendations
Teva, Mylan, Novartis analyst commentary at Wells Fargo »

Sandoz results should not…

TEVA

Teva

$14.98

0.07 (0.47%)

MYL

Mylan

$26.47

-0.13 (-0.49%)

NVS

Novartis

$78.35

2.51 (3.31%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 25

    Apr

  • 28

    Apr

  • 02

    May

  • 03

    May

  • 04

    May

  • 08

    May

  • 22

    May

  • 31

    May

YPF

YPF

$14.54

-0.35 (-2.35%)

11:35
04/24/19
04/24
11:35
04/24/19
11:35
Options
YPF put volume heavy and directionally bearish »

Bearish flow noted in YPF…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    May

CAT

Caterpillar

$138.44

-3.64 (-2.56%)

11:32
04/24/19
04/24
11:32
04/24/19
11:32
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar to discuss…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

11:30
04/24/19
04/24
11:30
04/24/19
11:30
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

CAT

Caterpillar

$138.79

-3.29 (-2.32%)

11:24
04/24/19
04/24
11:24
04/24/19
11:24
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar says flat…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

TSN

Tyson Foods

$73.67

-0.78 (-1.05%)

, BYND

Beyond Meat

$0.00

(0.00%)

11:21
04/24/19
04/24
11:21
04/24/19
11:21
Periodicals
Tyson Foods quietly sells stake in Beyond Meat, Axios reports »

Tyson Foods (TSN) has…

TSN

Tyson Foods

$73.67

-0.78 (-1.05%)

BYND

Beyond Meat

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    May

  • 02

    May

IVZ

Invesco

$21.55

-0.07 (-0.32%)

11:20
04/24/19
04/24
11:20
04/24/19
11:20
Options
Call buy in Invesco longest-dated options contracts ahead of earnings »

Call buy in Invesco…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 25

    Apr

ZTO

ZTO Express

$19.98

0.18 (0.91%)

11:19
04/24/19
04/24
11:19
04/24/19
11:19
Conference/Events
ZTO Express management to meet with UBS »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

  • 15

    May

CAT

Caterpillar

$138.70

-3.38 (-2.38%)

11:19
04/24/19
04/24
11:19
04/24/19
11:19
Hot Stocks
Caterpillar CFO sees stronger results in 2H vs. 1H »

Expects to repurchase…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

CAT

Caterpillar

$138.58

-3.5 (-2.46%)

11:18
04/24/19
04/24
11:18
04/24/19
11:18
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar CFO says has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/24/19
04/24
11:17
04/24/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/24/19
04/24
11:16
04/24/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CAT

Caterpillar

$138.12

-3.96 (-2.79%)

11:13
04/24/19
04/24
11:13
04/24/19
11:13
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar CFO says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 12

    Jun

11:13
04/24/19
04/24
11:13
04/24/19
11:13
Conference/Events
CLSA China consumer luxury analyst to hold a luncheon meeting »

China Consumer Luxury…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.