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OXY

Occidental Petroleum

$45.40

-1.72 (-3.65%)

10:35
08/12/19
08/12
10:35
08/12/19
10:35

Occidental Petroleum put volume heavy and directionally bearish

Bearish flow noted in Occidental Petroleum with 3,987 puts trading, or 1.5x expected. Most active are Aug-19 45 puts and Sep-19 45 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 2 points on the day. Earnings are expected on November 5th.

  • 12

    Aug

  • 27

    Aug

OXY Occidental Petroleum
$45.40

-1.72 (-3.65%)

08/05/19
RBCM
08/05/19
NO CHANGE
Target $28
RBCM
Outperform
Western Midstream price target lowered to $28 from $40 at RBC Capital
RBC Capital analyst Elvira Scotto lowered her price target on Western Midstream (WES) to $28 after its Q2 earnings miss and lowered FY19 guidance. The analyst also notes that the stock no longer warrants a premium given the likely "change in sponsor", assuming the Occidental Petroleum (OXY) acquisition of Western Midstream's parent Anadarko (APC) closes as expected. Scotto is keeping her Outperform rating on the stock however, given some longer term visibility on performance after Western Midstream's deal with DCP Midstream (DCP) in the DJ Basin.
08/12/19
EVER
08/12/19
DOWNGRADE
EVER
In Line
Occidental Petroleum downgraded to In Line from Outperform at Evercore ISI
08/12/19
EVER
08/12/19
DOWNGRADE
EVER
In Line
Occidental acquisition of Anadarko 'destroyed value,' Evercore says in downgrade
Evercore ISI analyst Doug Terreson downgraded Occidental Petroleum to In-Line from Outperform without a price target after resuming coverage of the name. The company's "pledge" for greater capital discipline and enhanced corporate governance "proved fleeting" with the significant decline in return on capital employed due to the Anadarko acquisition, Terreson tells investors in a research note. The purchase of Anadarko makes Occidental larger but "significantly less valuable," contends the analyst. He says the deal "destroyed value" and is 30% dilutive to return on capital employed. As such, Terreson finds Occidental shares fairly valued at current levels.
08/12/19
08/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. NetEase (NTES) downgraded to Neutral from Buy at Goldman Sachs with analyst Bill Liu citing the company's Q2 revenues miss, mainly on soft online games growth. 2. Occidental Petroleum (OXY) downgraded to In Line from Outperform at Evercore ISI with analyst Doug Terreson saying the company's "pledge" for greater capital discipline and enhanced corporate governance "proved fleeting" with the significant decline in return on capital employed due to the Anadarko acquisition. 3. Adesto Technologies (IOTS) downgraded to Market Perform from Outperform at Northland with analyst Gus Richard saying the company has $34M of high interest debt and needs $10M to pay an earnout by year end, but he thinks the company is holding off on an offering until it reports a "strong" third quarter that will be boosted by an airpod win at Apple (AAPL). 4. Bluebird Bio (BLUE) downgraded to Market Perform from Outperform at William Blair with analyst Raju Prasad saying he's taking a conservative view on the company's transition from a development-stage company to a commercial-stage company. 5. Cemex (CX) downgraded to Market Perform from Outperform at BBVA. 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

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-9.82 (-4.62%)

, AMZN

Amazon.com

$1,752.00

-52 (-2.88%)

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AMZN

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MMM

3M

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  • 01

    Oct

ULTA

Ulta Beauty

$322.34

-12.5 (-3.73%)

08:56
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CMCSK

Comcast

$0.00

(0.00%)

, CMCSA

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$42.47

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CMCSK

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$0.00

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CMCSA

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$42.47

-1.29 (-2.95%)

DIS

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$131.70

-4.37 (-3.21%)

NFLX

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$291.40

-5.47 (-1.84%)

AAPL

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ROKU

Roku

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-1.35 (-0.97%)

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  • 04

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    Oct

NSRGY

Nestle

$0.00

(0.00%)

08:44
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NFLX

Netflix

$291.40

-5.47 (-1.84%)

, DIS

Disney

$131.70

-4.37 (-3.21%)

08:39
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NFLX

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$291.40

-5.47 (-1.84%)

DIS

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$131.70

-4.37 (-3.21%)

FOXA

Fox Corp.

$31.76

-1.29 (-3.90%)

CMCSK

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$0.00

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CMCSA

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$42.47

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CBS

CBS

$41.39

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  • 05

    Sep

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AMZN

Amazon.com

$1,752.00

-52 (-2.88%)

, FDX

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$151.94

-6.17 (-3.90%)

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AMZN

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FDX

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UPS

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$111.29

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F

Ford

$8.76

-0.27 (-2.99%)

GM

General Motors

$36.06

-1.19 (-3.19%)

DDAIF

Daimler AG

$0.00

(0.00%)

HMC

Honda

$22.90

-0.32 (-1.38%)

TM

Toyota

$127.94

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VWAGY

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$0.00

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AAPL

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$202.73

-9.82 (-4.62%)

FB

Facebook

$177.69

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TWTR

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$41.01

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GOOGL

Alphabet Class A

$1,154.66

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GOOG

Alphabet

$1,151.72

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ADM

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$37.44

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REGI

Renewable Energy

$11.65

0.61 (5.53%)

GPRE

Green Plains

$7.34

-0.68 (-8.48%)

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  • 09

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  • 23

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  • 13

    Nov

AMAT

Applied Materials

$45.12

-1.92 (-4.08%)

, AMD

AMD

$29.55

-2.35 (-7.37%)

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Conference/Events
MUFG Securities to hold a tour »

MUFG Securities Tech Tour…

AMAT

Applied Materials

$45.12

-1.92 (-4.08%)

AMD

AMD

$29.55

-2.35 (-7.37%)

ANET

Arista Networks

$223.35

-3.84 (-1.69%)

CHKP

Check Point

$106.84

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CSCO

Cisco

$46.65

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EQIX

Equinix

$549.81

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FLEX

Flex

$9.72

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INTC

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NVDA

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OTEX

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-0.57 (-1.46%)

PYPL

PayPal

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RNG

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SQ

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STX

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$46.96

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TWLO

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V

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  • 27

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DB

Deutsche Bank

$6.98

-0.19 (-2.65%)

, COF

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$83.06

-2.68 (-3.13%)

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Deutsche Bank, Capital One won't say if they have Trump's tax returns, NYP says »

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DB

Deutsche Bank

$6.98

-0.19 (-2.65%)

COF

Capital One

$83.06

-2.68 (-3.13%)

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  • 27

    Oct

MXIM

Maxim Integrated

$52.14

-2.42 (-4.44%)

17:53
08/23/19
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Maxim Integrated's Jain sells 12,683 common shares »

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  • 10

    Sep

GLD

SPDR Gold Shares

$144.15

2.77 (1.96%)

17:42
08/23/19
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Hot Stocks
SPDR Gold Shares holdings rise to 859.83MT to 854.84MT »

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AUMN

Golden Minerals

$0.27

0.0159 (6.38%)

17:33
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Golden Minerals receives noncompliance notice from NYSE »

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DMPI

DelMar Pharmaceuticals

$0.77

0.0047 (0.61%)

17:25
08/23/19
08/23
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Hot Stocks
Intracoastal Capital reports 9.99% passive stake in DelMar Pharmaceuticals »

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RTN

Raytheon

$180.58

-6.44 (-3.44%)

17:22
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Hot Stocks
Raytheon awarded $534M Army contract »

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UHAL

Amerco

$339.43

-2.97 (-0.87%)

17:21
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Amerco announces special cash dividend of 50c per share »

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

17:20
08/23/19
08/23
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17:20
Syndicate
Breaking Syndicate news story on Intellia Therapeutics »

Intellia Therapeutics…

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GD

General Dynamics

$183.42

-4.19 (-2.23%)

17:19
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08/23
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17:19
Hot Stocks
General Dynamics awarded $1.08B Navy contract modification »

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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

17:17
08/23/19
08/23
17:17
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17:17
Hot Stocks
Stonepine Capital reports 6.1% passive stake in Novelion Therapeutics »

Stonepine Capital…

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
08/23/19
08/23
17:14
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17:14
Hot Stocks
Lockheed Martin awarded $2.43B Navy contract modification »

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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

17:14
08/23/19
08/23
17:14
08/23/19
17:14
Syndicate
Breaking Syndicate news story on OncoSec »

OncoSec files $50M mixed…

03/08/13
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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
08/23/19
08/23
17:09
08/23/19
17:09
Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

Tonix Pharmaceuticals…

03/08/13
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  • 25

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
08/23/19
08/23
17:08
08/23/19
17:08
General News
Trump to raises tariff rates on Chinese goods, CNBC says »

U.S. President Donald…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

03/08/13
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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
08/23/19
08/23
17:06
08/23/19
17:06
Hot Stocks
Attis Industries provides update on status of Nasdaq listing »

Attis Industries…

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CVEO

Civeo

$1.32

-0.07 (-5.04%)

17:04
08/23/19
08/23
17:04
08/23/19
17:04
Syndicate
Breaking Syndicate news story on Civeo »

Civeo files $300M mixed…

03/08/13
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AGO

Assured Guaranty

$42.56

-1.09 (-2.50%)

16:58
08/23/19
08/23
16:58
08/23/19
16:58
Hot Stocks
Assured Guaranty CEO sells 30,300 common shares »

In a regulatory filing,…

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