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APC

Bought by OXY

$70.05

-0.14 (-0.20%)

, OXY

Occidental Petroleum

$47.83

-0.45 (-0.93%)

16:20
06/09/19
06/09
16:20
06/09/19
16:20

Anadarko CEO gets $98M payout in Occidental deal, WSJ reports

Anadarko Petroleum (APC) CEO Al Walker is set to receive a $98M payout on completion of the company's $38B sale to Occidental Petroleum (OXY), The Wall Street Journal's Patrick Thomas reports. Walker's payday is part of about $300M in payouts that the company's top executives are set to split following the closing of the deal, according to a securities filing. Reference Link

APC

Bought by OXY

$70.05

-0.14 (-0.20%)

OXY

Occidental Petroleum

$47.83

-0.45 (-0.93%)

APC Bought by OXY
$70.05

-0.14 (-0.20%)

05/22/19
COWN
05/22/19
DOWNGRADE
COWN
Market Perform
Anadarko downgraded to Market Perform from Outperform at Cowen
05/22/19
COWN
05/22/19
DOWNGRADE
COWN
Market Perform
Anadarko downgraded to Market Perform at Cowen
As previously reported, Cowen analyst David Deckelbaum downgraded Anadarko (APC) to Market Perform from Outperform citing the increased takeout bid that was accepted from Occidental Petroleum (OXY).
05/22/19
05/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Activision Blizzard (ATVI) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen saying recent reporting from Kotaku about issues in the Call of Duty pipeline have begun to make bull case for Activision shares "look like less of a certainty." 2. Mallinckrodt (MNK) downgraded to Hold from Buy at Jefferies with analyst Anthony Petrone saying the company's risk profile "continues to heighten" given Medicare's reduced funding for Acthar, unknowns around opioid litigation, and its balance sheet health. 3. Anadarko (APC) downgraded to Market Perform from Outperform at Cowen with analyst David Deckelbaum citing the increased takeout bid that was accepted from Occidental Petroleum (OXY). 4. Expedia (EXPE) downgraded to Hold from Buy at Argus with analyst John Staszak citing its "mixed" Q1 results that showed bookings growth at the company's Vrbo unit slowing to "just 5%" from 46% in Q1 of last year. 5. Zayo Group (ZAYO) downgraded to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/19
GHSC
05/29/19
DOWNGRADE
GHSC
Neutral
Anadarko downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst John Aschenbeck downgraded Anadarko (APC) to Neutral pending the acquisition by Occidental Petroleum (OXY) for $59/share in cash and .2934 of stock for each share of Anadarko.
OXY Occidental Petroleum
$47.83

-0.45 (-0.93%)

05/16/19
ARGS
05/16/19
DOWNGRADE
ARGS
Hold
Occidental Petroleum downgraded to Hold from Buy at Argus
Argus analyst Bill Selesky downgraded Occidental Petroleum (OXY) to Hold after its confirmed purchase of Anadarko Petroleum (APC) for $76 per share, saying the company is overpaying for the assets with a bid well above that of Chevron's (CVX) $65 per share offer. The analyst believes that Occidental will "have difficulty" achieving the forecasted $3.5B cost synergies from the transactions. Selesky also contends that Anadarko's LNG and offshore assets are not a good strategic fir for Occidental, adding that its valuation multiple near the low end of 52-week range is "warranted."
05/16/19
05/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Occidental Petroleum (OXY) downgraded to Hold from Buy at Argus with analyst Bill Selesky citing its confirmed purchase of Anadarko Petroleum (APC) for $76 per share and saying the company is overpaying for the assets with a bid well above that of Chevron's (CVX) $65 per share offer. 2. Nomura (NMR) downgraded to Sell from Neutral at Citi with analyst Koichi Niwa saying he sees a "grim" earnings environment for Nomura's domestic retail division and fixed income business. 3. Sito Mobile (SITO) downgraded to Hold from Buy at Lake Street with analyst Mark Argento citing the company's "big" Q1 miss and said he sees uncertainty around Sito Mobile's new product strategy and liquidity concerns in the near term. 4. The Stars Group (TSG) downgraded to Hold from Buy at Desjardins. 5. Roan Resources (ROAN) downgraded to In-Line from Outperform at Imperial Capital with analyst Irene Haas saying the company's Q1 earnings missed expectations due to well performance, ethane rejection, and weak NGL prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
WELS
05/20/19
DOWNGRADE
WELS
Market Perform
Occidental Petroleum downgraded to Market Perform at Wells Fargo
05/21/19
05/21/19
DOWNGRADE
Target $56

Market Perform
Occidental Petroleum downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo downgraded Occidental Petroleum (OXY) to Market Perform from Outperform as Anadarko (APC) "(in)digestion begins." The firm notes that the merger delivers modest and more manageable production growth, declining capital intensity with time and likely a lesser corporate annual decline rate, while EBITDA and cashflow accretion should occur along with an improved free cash flow yield. However, "significant EPS dilution occurs," leverage metrics increase substantially, returns on equity and capital employed are reduced and the dividend payout to common equity holders declines as a percentage of EBITDA, it adds. Wells Fargo also lowered its price target on Occidental's shares to $56 from $75.

TODAY'S FREE FLY STORIES

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QIWI

Qiwi

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0.09 (0.44%)

17:02
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Qiwi CFO Vladislav Poshmorga resigned effective October 8th »

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RLMD

Relmada Therapeutics

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0.4 (3.74%)

16:51
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Relmada Therapeutics to announces Phase 2 study results of REL-107 on October 15 »

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AGFS

AgroFresh Solutions

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0.125 (5.53%)

16:47
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EHTH

eHealth

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16:47
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GPN

Global Payments

$164.14

1.2 (0.74%)

16:38
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APTS

Preferred Apartment

$14.41

0.075 (0.52%)

16:36
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Preferred Apartment names Joel Murphy as CEO, effective January 1, 2020 »

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OHI

Omega Healthcare

$43.05

0.65 (1.53%)

16:36
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Omega Healthcare raises quarterly dividend to 67c from 66c per share »

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RPAY

Repay Holdings

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Breaking Hot Stocks news story on Repay Holdings »

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SQ

Square

$61.83

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FISV

Fiserv

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0.41 (0.39%)

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LDOS

Leidos

$82.50

-0.66 (-0.79%)

16:31
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Leidos awarded $926M TSA screening equipment contract »

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RETA

Reata Pharmaceuticals

$100.37

4.57 (4.77%)

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Breaking Hot Stocks news story on Reata Pharmaceuticals »

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Options
Preliminary option volume of 13.7M today »

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FIS

FIS

$132.70

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16:29
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AKRX

Akorn

$3.81

-0.105 (-2.69%)

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EHTH

eHealth

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GPN

Global Payments

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SQ

Square

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FISV

Fiserv

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FICO

Fair Isaac

$310.44

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General news
Empire State Mfg Survey General Business Conditions Index data reported »

October Empire State Mfg…

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