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DRQ

Dril-Quip

$44.97

-0.195 (-0.43%)

, BP

BP

$44.48

-0.19 (-0.43%)

17:04
04/16/19
04/16
17:04
04/16/19
17:04

Dril-Quip reports Q1 product bookings $99M, above prior forecast of $80M

Reports Q1 backlog $304M. The company says that included in "Q1 bookings was a previously disclosed order from a customer to supply subsea wellhead systems valued at between $25M-$35M and an order from another major customer to convert its inventory of subsea wellhead systems into Dril-Quip's new BigBore IIe wellhead system. The order to supply subsea wellhead systems valued at between $25M-$35M is for BP (BP) and delivery of these systems is expected to begin in Q4 of 2019 and continue into the first half of 2021."

DRQ

Dril-Quip

$44.97

-0.195 (-0.43%)

BP

BP

$44.48

-0.19 (-0.43%)

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    Apr

  • 14

    May

  • 22

    May

DRQ Dril-Quip
$44.97

-0.195 (-0.43%)

07/31/18
LEHM
07/31/18
DOWNGRADE
Target $41
LEHM
Underweight
Dril-Quip downgraded to Underweight from Equal Weight at Barclays
Barclays analyst J David Anderson downgraded Dril-Quip to Underweight with an unchanged price target of $41. The stock's current valuation is difficult to justify as the company's "earnings trough" looks poised to extend until 2021, Anderson tells investors in a research note. Further, he sees limited free cash flow growth and a slower offshore recovery for Dril-Quip's business.
09/18/18
MSCO
09/18/18
INITIATION
Target $50
MSCO
Underweight
Dril-Quip initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Connor Lynagh initiated Dril-Quip with an Underweight rating and a price target of $50 as part of his broader research note on Oil Services Drilling/Equipment industry. The analyst sees the company's valuation "implying a highly optimistic offshore activity rebound", adding that its improving profitability as part of a cyclical rebound appears to be well priced in.
02/20/19
LEHM
02/20/19
DOWNGRADE
LEHM
Equal Weight
Dril-Quip downgraded to Equal Weight from Overweight at Barclays
Barclays analyst David Anderson downgraded Dril-Quip to Equal Weight.
02/20/19
LEHM
02/20/19
UPGRADE
Target $39
LEHM
Equal Weight
Dril-Quip upgraded to Equal Weight from Underweight at Barclays
Barclays analyst J. David Anderson upgraded Dril-Quip to Equal Weight with an unchanged price target of $39. Offshore Services & Equipment orders and activity are poised to inflect over the next 12 months, Anderson tells investors in a research note. He believes this is one of the better positioned verticals in Oilfield Services given business differentiation and high barriers to entry with fewer competitors compared to other markets. Further, the analyst expects book-to-bill ratios to improve over the back half of the year as companies directly benefit from "greenfield offshore projects moving ahead."
BP BP
$44.48

-0.19 (-0.43%)

02/26/19
RBCM
02/26/19
NO CHANGE
RBCM
RBC upgrades Total, downgrades Shell after reserves analysis
RBC Capital analyst Biraj Bokhataria believes integrated oil and gas companies "could generate more free cash flow over the next few years than at any point over the last decade," but said the market continues to value them at a historical discount due to skepticism around the sharp drop in capex. Growing confidence in the outlook for reserves could lead to greater credibility in organic free cash flow, said Bokhataria, who sees stable to improving reserve life trends at BP (BP), Chevron (CVX), Eni (E), and Galp (GLPEY). Royal Dutch Shell (RDS.A) and Repsol (REPYY) screen as the weakest in his analysis, noted Bokhataria who downgraded Royal Dutch Shell to Sector Perform from Outperform following the reserves analysis. The analyst also said that, at today's share price, he thinks Shell needs at least another $30B in buybacks in order to reduce its dividend burden to a sustainable level and that buyback need could limit its options to high-grade its portfolio. Bokhataria also upgraded Total (TOT) to Outperform, as he sees the company's reserve life "to trickle lower," but mainly due to its "particularly strong growth pipeline," which he added comes from the most diverse set of projects in the sector.
03/05/19
MSCO
03/05/19
NO CHANGE
MSCO
Morgan Stanley downgrades Energy sector to Equal Weight from Overweight
Morgan Stanley equity strategist Michael Wilson said the firm's strategy team expects further declines in earnings forecasts for the Energy sector and are moving to Equal Weight from Overweight on the sector while they remain overweight Utilities. The firm's Energy and Utilities analysts highlight Baker Hughes (BHGE), Bloom Energy (BE), BP (BP), ConocoPhillips (COP), FirstEnergy (FE), Marathon Petroleum (MPC), Suncor (SU), TechnipFMC (FTI) and Tenaris (TS) as their top picks.
04/16/19
RBCM
04/16/19
DOWNGRADE
Target $49.1
RBCM
Outperform
BP downgraded to Outperform from Top Pick at RBC Capital
RBC Capital analyst Biraj Borkhataria downgraded BP to Outperform from Top Pick and lowered his price target for the shares to $49.10 from $49.60. The analyst cites valuation for the downgrade following the recent rally in the shares. Borkhataria continues to be positive on the outlook for integrated oil majors but sees modest downside to Q1 estimates.
04/16/19
04/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HollyFrontier (HFC) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying he now sees a less attractive crude differential environment given a narrower Brent-WTI and WTI-WCS spread forecast in 2019 and 2020. 2. BP (BP) downgraded to Outperform from Top Pick at RBC Capital with analyst Biraj Borkhataria citing valuation. 3. Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying Cisco has executed well on rolling out its Catalyst 9000 products that have driven "solid" double digit growth in campus switching revenues. 4. DowDuPont (DWDP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the impact of the company's spinoff of Dow on April 2nd. 5. EOG Resources (EOG) and EQT Corporation (EQT) downgraded to Neutral from Buy at MKM Partners. 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

RBS

RBS

$6.73

-0.115 (-1.68%)

04:52
04/25/19
04/25
04:52
04/25/19
04:52
Hot Stocks
RBS announces resignation of CEO Ross McEwan »

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03/08/13
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  • 26

    Apr

ADDYY

Adidas

$0.00

(0.00%)

04:49
04/25/19
04/25
04:49
04/25/19
04:49
Downgrade
Adidas rating change  »

Adidas downgraded to…

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03:30
04/25/19
04/25
03:30
04/25/19
03:30
General news
FX Action: USD-CAD rallied for a second day »

FX Action: USD-CAD…

02:50
04/25/19
04/25
02:50
04/25/19
02:50
General news
BoJ ready to adjust policy if needed. »

BoJ ready to adjust…

02:35
04/25/19
04/25
02:35
04/25/19
02:35
General news
FX Update: The dollar has consolidated »

FX Update: The dollar has…

02:10
04/25/19
04/25
02:10
04/25/19
02:10
General news
Asian Market Wrap: »

Asian Market Wrap:…

MTSI

Macom

$15.86

-0.33 (-2.04%)

21:33
04/24/19
04/24
21:33
04/24/19
21:33
Downgrade
Macom rating change at Evercore ISI »

Macom downgraded to In…

03/08/13
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03/06/13
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  • 07

    May

GRTS

Gritstone Oncology

$12.32

-0.63 (-4.86%)

20:58
04/24/19
04/24
20:58
04/24/19
20:58
Syndicate
Gritstone Oncology 6.5M share Secondary priced at $11.50 »

Goldman Sachs, Cowen,…

03/08/13
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03/06/13
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  • 25

    Apr

MTSI

Macom

$15.86

-0.33 (-2.04%)

20:56
04/24/19
04/24
20:56
04/24/19
20:56
Downgrade
Macom rating change at Jefferies »

Macom downgraded to Hold…

03/08/13
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03/06/13
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03/06/13
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  • 07

    May

CBS

CBS

$51.34

-0.01 (-0.02%)

, VIAB

Viacom

$29.69

0.42 (1.43%)

20:39
04/24/19
04/24
20:39
04/24/19
20:39
Periodicals
CBS board has restarted talks about a bid for Viacom, NBC reports »

The board members of CBS…

CBS

CBS

$51.34

-0.01 (-0.02%)

VIAB

Viacom

$29.69

0.42 (1.43%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 02

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INTC

Intel

$58.72

-0.06 (-0.10%)

20:34
04/24/19
04/24
20:34
04/24/19
20:34
Periodicals
Intel lays off dozens in autonomous vehicle division, The Information reports »

Several dozen workers…

03/08/13
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03/08/13
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03/06/13
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  • 25

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  • 03

    Jun

CMCSA

Comcast

$41.87

-0.11 (-0.26%)

, CMCSK

Comcast

$0.00

(0.00%)

20:25
04/24/19
04/24
20:25
04/24/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CMCSA

Comcast

$41.87

-0.11 (-0.26%)

CMCSK

Comcast

$0.00

(0.00%)

MMM

3M

$219.24

-0.28 (-0.13%)

ABBV

AbbVie

$78.71

0.06 (0.08%)

MO

Altria Group

$54.70

-0.14 (-0.26%)

UPS

UPS

$114.39

0.79 (0.70%)

BMY

Bristol-Myers

$44.63

-0.69 (-1.52%)

RTN

Raytheon

$185.44

-2.08 (-1.11%)

ITW

Illinois Tool Works

$156.78

-1.14 (-0.72%)

BAX

Baxter

$76.31

-0.02 (-0.03%)

VLO

Valero

$87.75

-2.53 (-2.80%)

LUV

Southwest

$52.92

0.11 (0.21%)

HSY

Hershey

$117.01

0.16 (0.14%)

ROK

Rockwell Automation

$188.97

-0.405 (-0.21%)

HES

Hess Corp.

$65.79

-1.67 (-2.48%)

FCX

Freeport McMoRan

$13.57

0.115 (0.85%)

IP

International Paper

$44.30

-0.37 (-0.83%)

DHI

D.R. Horton

$46.67

0.275 (0.59%)

TSCO

Tractor Supply

$104.09

0.88 (0.85%)

MAS

Masco

$39.98

-0.02 (-0.05%)

IVZ

Invesco

$21.53

-0.09 (-0.42%)

CLF

Cleveland-Cliffs

$9.52

0.025 (0.26%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

PBR

Petrobras

$15.34

-0.45 (-2.85%)

20:15
04/24/19
04/24
20:15
04/24/19
20:15
Periodicals
Breaking Periodicals news story on Petrobras »

Petrobras to dismiss…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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BTI

British American Tobacco

$39.33

-0.45 (-1.13%)

19:28
04/24/19
04/24
19:28
04/24/19
19:28
Periodicals
BAT faces legal action over giving workers free cigarettes, Bloomberg says »

Lawyers are weighing…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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POR

Portland General Electric

$51.20

0.61 (1.21%)

19:22
04/24/19
04/24
19:22
04/24/19
19:22
Hot Stocks
Portland General Electric raises quarterly dividend 6.3% to 38.5c per share »

The dividend is payable…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Apr

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    Apr

WPG

Washington Prime

$4.55

-0.08 (-1.73%)

19:14
04/24/19
04/24
19:14
04/24/19
19:14
Earnings
Washington Prime reports Q1 FFO 31c, consensus 29c »

Reports Q1 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

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  • 04

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AVH

Avianca

$3.91

-0.09 (-2.25%)

19:14
04/24/19
04/24
19:14
04/24/19
19:14
Hot Stocks
Avianca CEO Rincon to retire effective April 30 »

Avianca Holdings…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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SAM

Boston Beer

$276.71

-1.24 (-0.45%)

, AXTI

AXT Inc.

$4.74

0.09 (1.94%)

19:03
04/24/19
04/24
19:03
04/24/19
19:03
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

SAM

Boston Beer

$276.71

-1.24 (-0.45%)

AXTI

AXT Inc.

$4.74

0.09 (1.94%)

FBHS

Fortune Brands

$49.89

0.53 (1.07%)

BCOV

Brightcove

$8.72

0.12 (1.40%)

FB

Facebook

$182.64

-1.13 (-0.61%)

NOW

ServiceNow

$242.41

-1.085 (-0.45%)

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

LRCX

Lam Research

$195.40

0.56 (0.29%)

TILE

Interface

$17.11

0.22 (1.30%)

CHDN

Churchill Downs

$92.16

2.66 (2.97%)

KN

Knowles

$18.48

0.05 (0.27%)

CMG

Chipotle

$710.00

7.61 (1.08%)

TSLA

Tesla

$258.70

-5.15 (-1.95%)

XLNX

Xilinx

$139.79

2.66 (1.94%)

PTC

PTC

$101.94

1.12 (1.11%)

NTGR

Netgear

$35.03

-0.18 (-0.51%)

SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

ORLY

O'Reilly Automotive

$396.80

1.14 (0.29%)

MMLP

Martin Midstream Partners

$9.84

-0.285 (-2.82%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

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    Aug

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    Nov

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

19:02
04/24/19
04/24
19:02
04/24/19
19:02
Earnings
PBF Logistics reports preliminary Q1 revenue $78.3M-$79.3M, consensus $78.17M »

Reports preliminary Q1…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

-0.805 (-2.38%)

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

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  • 01

    May

  • 01

    May

  • 23

    May

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

19:01
04/24/19
04/24
19:01
04/24/19
19:01
Hot Stocks
PBF Logistics acquires remaining 50% interest in Torrance Valley Pipeline Compan »

PBF Logistics (PBFX)…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

-0.805 (-2.38%)

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

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  • 01

    May

  • 01

    May

  • 23

    May

NOW

ServiceNow

$242.41

-1.085 (-0.45%)

18:58
04/24/19
04/24
18:58
04/24/19
18:58
Hot Stocks
ServiceNow CEO: We are the IT system of record »

In an interview on…

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

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  • 24

    Apr

  • 05

    May

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

18:57
04/24/19
04/24
18:57
04/24/19
18:57
Syndicate
PBF Logistics announces registered direct offering of 6.59M common units »

PBF Logistics announced…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 01

    May

NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:56
04/24/19
04/24
18:56
04/24/19
18:56
Hot Stocks
Northfield Bancorp raises quarterly dividend to 11c from 10c per share »

The dividend is payable…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 13

    May

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    May

NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:55
04/24/19
04/24
18:55
04/24/19
18:55
Earnings
Northfield Bancorp reports Q1 EPS 19c, consensus 19c »

Reports Q1 NII $27.3M vs.…

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

    May

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    May

ZUO

Zuora

$20.03

0.04 (0.20%)

18:42
04/24/19
04/24
18:42
04/24/19
18:42
Hot Stocks
Zuora CEO: Subscription based business models are on the rise »

In an interview on…

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

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  • 10

    Jun

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