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XOP

SPDR Oil Exploration and Production Fund

$25.22

-0.26 (-1.02%)

10:30
06/14/19
06/14
10:30
06/14/19
10:30

Heavy spread volume in Oil and Gas Exploration ETF

Heavy spread volume in Oil and Gas Exploration ETF. Trader on NYSE-Arca bought 5K July 27 calls 49c and sold 10K June 26 calls for 26c, resulting in a net credit of $15K. Meanwhile, on the Amex, a trader sold June 26 puts to buy Sep 23 puts for a net nickel debit 5600x.

XOP SPDR Oil Exploration and Production Fund
$25.22

-0.26 (-1.02%)

01/29/19
SPHN
01/29/19
DOWNGRADE
Target $69
SPHN
Equal Weight
Hess Corp. downgraded to Equal Weight on valuation at Stephens
As previously reported, Stephens analyst Gail Nicholson downgraded Hess Corp. (HES) to Equal Weight from Overweight on valuation after the stock has outperformed the SPDR Oil Exploration and Production Fund (XOP) by over 12% year-to-date. The stock's EV/EBITDA multiple is currently highest in her coverage and significantly above the group median, noted Nicholson, who lowered her price target on Hess shares to $69 from $77 to account for her revised commodity forecast.
04/16/19
MKMP
04/16/19
DOWNGRADE
MKMP
EOG Resources, Hess, EQT Corp cut to Neutral at MKM Partners on valuation
As previously reported, MKM Partners analyst John Gerdes has downgraded EOG Resources (EOG), EQT Corp (EQT) and Hess Corp (HES) from Buy to Neutral on valuation after their respective 17%, 14%, and 62% year-to-date gains relative to the 14% appreciation of the Oil/Gas Exploration & Production ETF (XOP). The analyst notes that all 3 now reflect below 10% of his expected intrinsic upside value relative to his net present value-derived estimates. As part of his broader research note, Gerdes has also raised his 2019 Brent crude oil price forecast by $9 to $66 and his 2020 forecast by $2.50 to $64.50. The analyst adds that the capital intensity in the industry has been "stable" and remains 35% below 2014 cyclical peak while the cost structure is 35% below the 2014 peak.

TODAY'S FREE FLY STORIES

APH

Amphenol

$94.30

-2.64 (-2.72%)

05:12
06/17/19
06/17
05:12
06/17/19
05:12
Downgrade
Amphenol rating change  »

Amphenol downgraded to…

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

SAP

$127.69

-1.11 (-0.86%)

05:10
06/17/19
06/17
05:10
06/17/19
05:10
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SAP rating change  »

SAP upgraded to Buy from…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 09

    Jul

E

Eni SpA

$31.24

-0.1 (-0.32%)

05:09
06/17/19
06/17
05:09
06/17/19
05:09
Upgrade
Eni SpA rating change  »

Eni SpA upgraded to Buy…

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

Equinor

$19.44

-0.06 (-0.31%)

05:08
06/17/19
06/17
05:08
06/17/19
05:08
Upgrade
Equinor rating change  »

Equinor upgraded to Hold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Jul

ROYMY

Royal Mail

$0.00

(0.00%)

05:07
06/17/19
06/17
05:07
06/17/19
05:07
Upgrade
Royal Mail rating change  »

Royal Mail upgraded to…

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

Dow Inc.

$51.12

-1.77 (-3.35%)

05:05
06/17/19
06/17
05:05
06/17/19
05:05
Downgrade
Dow Inc. rating change  »

Dow Inc. downgraded to…

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

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NRDBY

Nordea Bank

$0.00

(0.00%)

05:04
06/17/19
06/17
05:04
06/17/19
05:04
Downgrade
Nordea Bank rating change  »

Nordea Bank downgraded to…

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

Kinder Morgan

$20.53

(0.00%)

05:03
06/17/19
06/17
05:03
06/17/19
05:03
Downgrade
Kinder Morgan rating change  »

Kinder Morgan downgraded…

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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SYMC

Symantec

$19.36

-0.22 (-1.12%)

05:00
06/17/19
06/17
05:00
06/17/19
05:00
Upgrade
Symantec rating change  »

Symantec upgraded to Buy…

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

OGE Energy

$43.42

0.17 (0.39%)

04:56
06/17/19
06/17
04:56
06/17/19
04:56
Initiation
OGE Energy initiated  »

OGE Energy initiated with…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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04:55
06/17/19
06/17
04:55
06/17/19
04:55
General news
Breaking General news story  »

6-Month Bill Auction to…

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
CLSA India economics & strategy luncheon meeting »

India Strategist…

IR

Ingersoll-Rand

$124.65

0.31 (0.25%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Ingersoll-Rand management to meet with Stephens »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Jun

NTGN

Neon Therapeutics

$4.76

-0.15 (-3.06%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Neon Therapeutics management to meet with Mizuho »

Meetings to be held in…

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

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  • 17

    Jun

  • 18

    Jun

  • 18

    Jun

NVTA

Invitae

$19.20

-0.43 (-2.19%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Invitae participates in a conference call with JPMorgan »

Life Science Tools &…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Jun

  • 06

    Aug

DL

China Distance Education

$5.41

(0.00%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
China Distance Education management to meet with Sidoti »

Meetings to be held in…

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

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  • 17

    Jun

  • 18

    Jun

QRTEA

Qurate Retail

$12.83

-0.4 (-3.02%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Qurate Retail management to meet with KeyBanc »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Jun

  • 20

    Jun

TGODF

The Green Organic Dutchman

$0.00

(0.00%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
The Green Organic Dutchman Seaport Global »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Jun

  • 18

    Jun

GNL

Global Net Lease

$19.58

0.13 (0.67%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Global Net Lease management to meet with B. Riley FBR »

Meeting to be held in…

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

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  • 17

    Jun

ITT

ITT

$62.33

-0.54 (-0.86%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
ITT management to meet with William Blair »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Jun

04:55
06/17/19
06/17
04:55
06/17/19
04:55
General news
Breaking General news story  »

3-Month Bill Auction to…

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Stephens banking analysts to hold an analyst/industry conference call »

Analysts, along with the…

AGTC

Applied Genetic

$3.89

0.04 (1.04%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Applied Genetic management to meet with Wedbush »

Meetings to be held in…

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

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  • 17

    Jun

  • 18

    Jun

AMRS

Amyris

$3.93

-0.16 (-3.91%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Amyris management to meet with Seaport Global »

Meetings to be held in…

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

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  • 17

    Jun

  • 18

    Jun

IONS

Ionis Pharmaceuticals

$62.07

-1.79 (-2.80%)

04:55
06/17/19
06/17
04:55
06/17/19
04:55
Conference/Events
Ionis Pharmaceuticals management to meet with Piper Jaffray »

Meeting to be held in…

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

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  • 17

    Jun

  • 18

    Jun

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