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MDR

McDermott

$7.17

-0.305 (-4.08%)

, PBR

Petrobras

$14.34

-0.46 (-3.11%)

07:13
05/14/19
05/14
07:13
05/14/19
07:13

McDermott awarded EPCI contract by Petrobras for Sepia field project

McDermott (MDR) announced the award of a significant contract by Petrobras (PBR) for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 miles from the Rio de Janeiro coastline in Brazil. The project scope includes detailed engineering, surveys, supply, installation and pre-commissioning of rigid pipelines, jumpers, buoyance modules, strakes and riser monitoring systems for seven-riser wells (3 producers and 4 injector wells) connected to the floating production, storage and offloading Carioca vessel. McDermott's Rio de Janeiro office will perform the work with support from its Houston office. McDermott plans to use five vessels for the installation work at ultra-deepwater depths up to 7,021 feet. The engineering work is expected to begin immediately, and the contract will be reflected in McDermott's second quarter backlog. The first phase is part of a 15 well Sepia field development located in the pre-salt layer of the Santos Basin in Block BM-S-24. First oil is expected in 2021.

MDR

McDermott

$7.17

-0.305 (-4.08%)

PBR

Petrobras

$14.34

-0.46 (-3.11%)

MDR McDermott
$7.17

-0.305 (-4.08%)

10/31/18
KEYB
10/31/18
DOWNGRADE
KEYB
Sector Weight
McDermott downgraded to Sector Weight from Overweight at KeyBanc
PBR Petrobras
$14.34

-0.46 (-3.11%)

02/12/19
02/12/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Rio Tinto (RIO) upgraded to Buy from Neutral at Goldman Sachs. 2. Petrobras (PBR) upgraded to Buy from Neutral at UBS with analyst Luiz Carvalho saying the new CEO brings a new mindset and Carvalho cites the two main pillars of his investment case, namely production growth and deleveraging. 3. TriNet (TNET) upgraded to Outperform from Market Perform at William Blair with analyst Timothy McHugh saying he views the current valuation multiple, at 16 times price-to-earning and 9.8 times EBITDA, as reasonable. 4. Evergy (EVRG) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying management's buyback plans support 6%-8% earnings growth, which is not reflected in valuation. 5. John Bean Tech (JBT) upgraded to Gradually Accumulate from Hold at Wellington Shields. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
HSBC
03/14/19
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HSBC
Buy
Petrobras upgraded to Buy from Hold at HSBC
03/14/19
03/14/19
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Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Mills (GIS) upgraded to Buy from Hold at Deutsche Bank with analyst Rob Dickerson saying although the stock is up 20% year-to-date, pressure still exists in the company's snack bar and soup categories, and divestment dilution risk looms. 2. Snap (SNAP) upgraded to Buy from Neutral at BTIG with analyst Richard Greenfield citing the "surge in spending in North America on Snapchat from advertisers," who are increasingly focused on its "compelling" return on investment. 3. Hilton (HLT) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company should see above-peer-average earnings growth over time thanks to its "asset-light business model, in which it franchises rather than owns hotels." 4. Forum Energy (FET) upgraded to Buy from Neutral at Citi with analyst Scott Gruber saying the company has made free cash flow a priority and believes it can generate $100M annually. 5. Petrobras (PBR) upgraded to Buy from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/08/19
FBCO
04/08/19
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FBCO
Outperform
Petrobras upgraded to Outperform from Neutral at Credit Suisse

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INSG

Inseego

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NKTR

Nektar

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SINA

Sina

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Vodafone

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SR

Spire

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0.26 (0.30%)

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VEEV

Veeva

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-3.74 (-2.59%)

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VALE

Vale

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0.03 (0.26%)

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STZ

Constellation Brands

$206.21

0.96 (0.47%)

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LII

Lennox

$276.46

-1.35 (-0.49%)

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TOO

Teekay Offshore Partners

$1.11

0.005 (0.45%)

, BBU

Brookfield Business Partners

$37.63

-0.43 (-1.13%)

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Hot Stocks
JDP finds support from other Teekay Offshore holders to oppose Brookfield deal »

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TOO

Teekay Offshore Partners

$1.11

0.005 (0.45%)

BBU

Brookfield Business Partners

$37.63

-0.43 (-1.13%)

TK

Teekay Corp.

$3.86

-0.35 (-8.31%)

BAM

Brookfield

$46.55

-0.25 (-0.53%)

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NGLOY

Anglo American

$0.00

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WB

Weibo

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LII

Lennox

$276.46

-1.35 (-0.49%)

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GMED

Globus Medical

$40.59

-0.84 (-2.03%)

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BCRX

BioCryst

$3.54

0.09 (2.61%)

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MRBK

Meridian Bank

$16.95

(0.00%)

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SPX

S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$282.19

-3.43 (-1.20%)

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General news
U.K. Prime Minister Theresa May announces she'll step down on June 7 »

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SPX

S&P 500

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SPDR S&P 500 ETF Trust

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IONS

Ionis Pharmaceuticals

$67.13

-1.42 (-2.07%)

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ADSK

Autodesk

$169.64

-4.47 (-2.57%)

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SPLK

Splunk

$128.68

-7.12 (-5.24%)

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AMZN

Amazon.com

$1,815.30

-42.44 (-2.28%)

05:06
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AAXN

Axon

$67.06

-1.29 (-1.89%)

04:58
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KTB

Kontoor Brands

$38.51

0.82 (2.18%)

, ORN

Orion Group

$1.87

-0.12 (-6.03%)

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Hot Stocks
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ORN

Orion Group

$1.87

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VFC

VF Corp.

$84.06

-6.32 (-6.99%)

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General news
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QGEN

Qiagen

$38.48

-0.235 (-0.61%)

04:55
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Conference/Events
Qiagen participates in a conference call with JPMorgan »

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