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DNR

Denbury Resources

$1.02

-0.035 (-3.33%)

, ESTE

Earthstone Energy

$3.87

(0.00%)

09:55
08/13/19
08/13
09:55
08/13/19
09:55

EnerCom to hold a conference

The Oil & Gas Conference will be held in Denver, CO on August 11-14 with webcasted company presentations to begin on August 13 at 10 am; not all company presentations may be webcasted. Webcast Link

DNR

Denbury Resources

$1.02

-0.035 (-3.33%)

ESTE

Earthstone Energy

$3.87

(0.00%)

GPRK

GeoPark

$16.68

-0.05 (-0.30%)

CORR

CorEnergy

$49.20

1.29 (2.69%)

ERF

Enerplus

$6.39

(0.00%)

UNT

Unit Corp.

$3.13

-0.41 (-11.58%)

BCEI

Bonanza Creek

$22.27

-0.04 (-0.18%)

MNRL

Brigham Minerals

$19.77

(0.00%)

EPM

Evolution Petroleum

$6.00

0.01 (0.17%)

VII

Vicon Industries

$0.00

(0.00%)

BSM

Black Stone Minerals

$14.53

0.1 (0.69%)

ICD

Independence Contract Drilling

$1.13

(0.00%)

TALO

Talos Energy

$19.91

-0.33 (-1.63%)

CLR

Continental Resources

$29.85

-0.08 (-0.27%)

BXE

Bellatrix Exploration

$0.00

(0.00%)

RRC

Range Resources

$4.32

-0.12 (-2.70%)

AAV

Advantage Oil & Gas

$0.00

(0.00%)

PDCE

PDC Energy

$27.77

-0.68 (-2.39%)

LPI

Laredo Petroleum

$2.84

0.06 (2.16%)

NOG

Northern Oil and Gas

$1.69

-0.01 (-0.59%)

TAL

TAL Education

$32.33

0.03 (0.09%)

SDPI

Superior Drilling

$0.87

(0.00%)

FLMN

Falcon Minerals

$6.26

(0.00%)

AMPY

Amplify Energy

$5.79

0.02 (0.35%)

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    Sep

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    Nov

  • 13

    Nov

DNR Denbury Resources
$1.02

-0.035 (-3.33%)

03/22/19
NORL
03/22/19
UPGRADE
NORL
Outperform
Penn Virginia upgraded to Outperform on valuation at Northland
Northland analyst Jeff Grampp upgraded Penn Virginia to Outperform from Neutral with an $82 price target following the termination of the Denbury Resources (DNR) merger. Grampp views Penn shares as attractively valued and said the company is well positioned financially.
12/20/18
SOCO
12/20/18
DOWNGRADE
SOCO
Underweight
Denbury Resources downgraded to Underweight from Overweight at Capital One
06/06/19
IMPC
06/06/19
NO CHANGE
Target $2
IMPC
In-Line
Denbury Resources price target lowered to $2 from $3 at Imperial Capital
Imperial Capital analyst Jason Wangler lowered his price target for Denbury Resources to $2 from $3 following the company's debt exchange agreements. f successful, the debt exchanges could add considerable shares, though the strike price is well above recent levels, Wangler tells investors in a research note. He keeps an In-Line rating on Denbury.
01/08/19
JRCO
01/08/19
DOWNGRADE
JRCO
Hold
Denbury Resources downgraded to Hold from Accumulate at Johnson Rice
ESTE Earthstone Energy
$3.87

(0.00%)

07/08/19
07/08/19
DOWNGRADE
Target $8

Market Perform
Earthstone Energy downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Gordon Douthat downgraded Earthstone Energy to Market Perform from Outperform as lower commodity prices and activity levels will delay the anticipated organic deleveraging into 2021. While acknowledging the "oil beta" provided by smaller companies, the analyst sees higher volatility and a bias for lower oil prices to be a headwind for SMID cap stocks in general. He also lowered his price target on the shares to $8 from $10.
07/08/19
WELS
07/08/19
DOWNGRADE
Target $8
WELS
Market Perform
Earthstone Energy downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Gordon Douthat downgraded Earthstone Energy to Market Perform from Outperform and lowered his price target for the shares to $8 from $10.
01/24/19
01/24/19
NO CHANGE

Earthstone Energy price target lowered to $12 from $15.50 at Roth Capital
Roth Capital analyst John White maintained a Buy rating on Earthstone Energy, but lowered his Q4 EPS and EBITDA estimates to 6c/$26.7M from 25c/$33.5M, and lowered his price target on shares to $12 from $15.50. The analyst cited the recently released actual Q4 oil and gas prices and Earthstone's recently released actual Q4 production as the reason for the updated estimates and target. White did note that the lower actual production figure was "partially out of Earthstone's control, as about 1,100 BOE per day was shut in due to offset completion activity." The new price target reflects the firm's "lower oil and gas price deck," the analyst concluded in the research note.
02/27/19
IMPC
02/27/19
NO CHANGE
Target $9
IMPC
Outperform
Earthstone Energy price target raised to $9 from $7 at Imperial Capital
Imperial Capital analyst Jason Wangler raised his price target for Earthstone Energy to $9 following the company's proven reserves update. The analyst believes "considerable upside remains" on Earthstone's asset base given it total location assumptions. He maintains an Outperform rating on the name.
GPRK GeoPark
$16.68

-0.05 (-0.30%)

07/26/19
07/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dentsply Sirona (XRAY) initiated with an In Line at Evercore ISI. 2. BridgeBio (BBIO) initiated with an Outperform at Raymond James. 3. Crispr Therapeutics (CRSP) initiated with a Buy at Canaccord. 4. GeoPark (GPRK) initiated with a Buy at GMP Securities. 5. Neon Therapeutics (NTGN), Gritstone Oncology (GRTS), and Cue Biopharma (CUE) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/19
MITR
07/26/19
INITIATION
Target $26
MITR
Buy
GeoPark initiated with a Buy at GMP Securities
GMP Securities analyst Stephane Foucaud initiated GeoPark with a Buy and $26 price target.
CORR CorEnergy
$49.20

1.29 (2.69%)

12/27/18
DADA
12/27/18
NO CHANGE
Target $40
DADA
Buy
CorEnergy price target lowered to $40 from $45 at DA Davidson
DA Davidson analyst Barry Oxford lowered his price target on CorEnergy to $40 after the company sold its Portland Terminal Facility and remaining interest in the Joliet Terminal to Zenith Energy last week. The analyst notes that the sale also reduces his expected FY19 FFO estimate by 6c to $3.71, anticipating the sale proceeds to be used to initially deleverage the balance sheet before being reinvested in another asset in 2019. Longer term, Oxford keeps his Buy rating on CorEnergy, saying its valuation is "attractive" at 8.4-times forward FFO estimates relative to the 14.4-times net peer group average.
ERF Enerplus
$6.39

(0.00%)

11/09/18
RAJA
11/09/18
UPGRADE
RAJA
Strong Buy
Enerplus upgraded to Strong Buy from Outperform at Raymond James
11/09/18
11/09/18
UPGRADE

Strong Buy
Follow-up: Enerplus upgraded to Strong Buy at Raymond James
As previously reported, Raymond James upgraded Enerplus to Strong Buy from Outperform. Analyst Kurt Molnar said Enerplus had a strong Q3 report with raised guidance and is raising his rating citing valuation.
12/20/18
SOCO
12/20/18
DOWNGRADE
SOCO
Equalweight
Enerplus downgraded to Equalweight from Overweight at Capital One
UNT Unit Corp.
$3.13

-0.41 (-11.58%)

12/06/18
SPHN
12/06/18
INITIATION
Target $25
SPHN
Equal Weight
Unit Corp. initiated with an Equal Weight at Stephens
Stephens analysts Gail Nicholson and Drew Lipke began coverage of the E&P sector with a positive outlook, starting Unit Corp. with an Equal Weight rating and $25 price target.
12/20/18
SOCO
12/20/18
DOWNGRADE
SOCO
Equalweight
Unit Corp. downgraded to Equalweight from Overweight at Capital One
12/13/18
RAJA
12/13/18
DOWNGRADE
RAJA
Unit Corp. downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst J. Marshall Adkins double downgraded Unit Corp. to Market Perform from Strong Buy due to expectations of softer 2019 production growth and a reduced oil price deck. Adkins is now modeling Unit's 2019 production growth at 6.9% versus 8.7% previously and is revising down his active rig count assumptions to 31 from 37 rigs.
12/13/18
RAJA
12/13/18
DOWNGRADE
RAJA
Market Perform
Unit Corp. downgraded to Market Perform from Strong Buy at Raymond James
BCEI Bonanza Creek
$22.27

-0.04 (-0.18%)

12/14/18
RHCO
12/14/18
INITIATION
Target $25
RHCO
Hold
Bonanza Creek initiated with a Hold at SunTrust
SunTrust analyst Welles Fitzpatrick initiated Bonanza Creek with a Hold rating and a price target of $25, calling the stock a "Watterberg pure play" given its 67K net acres on the eastern flank. The analyst notes that the company's leverage and enterprise value-to-expected EBITDA valuation are toward the "low end" among its regional peers, and also sees the performance of its wells "improving quickly" with a "valuable midstream component" that could be valued up to $200M.
11/13/18
STFL
11/13/18
NO CHANGE
STFL
Niobrara-focused E&Ps pricing in 'political disaster,' says Stifel
Stifel analyst Michael Scialla noted that the stocks of Exploration & Production companies with significant exposure to Colorado's Niobrara play rebounded following the defeat of Proposition 112, but have since faded and underperformed the broader group as rhetoric from a Democrat-controlled Colorado legislature has investors more concerned about the state's political climate than they were prior to the vote. While he believes greater local control of oil and gas operations in Colorado is "inevitable," Scialla said he does not anticipate significant drilling inventory reductions or cost increases. He looks for Anadarko (APC), Bonanza Creek (BCEI), HighPoint Resources (HPR), Noble Energy (NBL), PDC Energy (PDCE), SRC Energy (SRCI) and Extraction Oil & Gas (XOG) and several private companies to proactively seek a solution to prevent another initiative like Prop. 112 from reaching the 2020 ballot, Scialla tells investors. He views shares of Anadarko, HighPoint, Noble, PDC and SRC as undervalued and maintains Buy ratings on those five stocks.
05/23/19
SOCO
05/23/19
UPGRADE
SOCO
Overweight
Bonanza Creek upgraded to Overweight from Equalweight at Capital One
05/23/19
SOCO
05/23/19
UPGRADE
SOCO
Overweight
Capital One upgrades 11 E&P companies to reflect more bullish stance
Exploration and Production equities have significantly lagged the price of oil over the past two years, which creates a "rather compelling" setup, Capital One analysts tell investors in a research note. The firm sees valuation support for the E&P sector with enterprise value to EBITDA multiples having "compressed significantly." It points out that its coverage universe currently has 50% upside to net asset value at the median. To reflect a more bullish stance on the sector, Capital One upgraded Bonanza Creek (BCEI), Berry Petroleum (BRY), Callon Petroleum (CPE), Marathon Oil (MRO), Noble Energy (NBL), Penn Virginia (PVAC), SM Energy (SM) and Cimarex Energy (XEC) to Overweight from Equal Weight. The firm also upgraded Comstock Resources (CRK), Laredo Petroleum (LPI) and W&T Offshore (WTI) to Equal Weight from Underweight. Capital One's price targets are as follows: Berry Petroleum - $44, Berry Petroleum - $18, Callon Petroleum - $13, Marathon Oil - $21, Noble Energy - $32, Penn Virginia - $75, SM Energy - $27, Cimarex Energy - $7, Laredo Petroleum - $5, W&T Offshore - $6.
MNRL Brigham Minerals
$19.77

(0.00%)

05/13/19
05/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinterest (PINS) initiated with an Outperform at Baird, a Buy at Citi, a Sector Perform at RBC Capital, a Hold at Deutsche Bank, a Neutral at Credit Suisse, UBS, BofA/Merrill, Goldman Sachs, and JPMorgan, and an Equal Weight at Barclays. 2. Zoom Video (ZM) initiated with an Overweight at JPMorgan and Piper Jaffray, a Buy at BofA/Merrill, a Market Perform at Wells Fargo and JMP Securities, a Sector Perform at RBC Capital, a Sector Weight at KeyBanc, an Equal Weight at Morgan Stanley, a Hold at Stifel, and a Neutral at Credit Suisse and Goldman Sachs. 3. Turning Point Therapeutics (TPTX) initiated with an Outperform at Wells Fargo and a Buy at Canaccord and Goldman Sachs. 4. Brigham Minerals (MNRL) initiated with an Overweight at Piper Jaffray and Barclays, an Outperform at Wells Fargo, RBC Capital, and Credit Suisse, and a Buy at Goldman Sachs and UBS. 5. Brainsway (BWAY) initiated with an Outperform at Raymond James and Oppenheimer, a Buy at Ladenburg, and Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/14/19
RAJA
05/14/19
INITIATION
Target $29
RAJA
Strong Buy
Brigham Minerals initiated with a Strong Buy at Raymond James
Raymond James initiated Brigham Minerals with a Strong Buy and $29 price target.
05/14/19
GHSC
05/14/19
INITIATION
Target $25
GHSC
Buy
Brigham Minerals initiated with a Buy at Seaport Global
Seaport Global analyst John Aschenbeck started Brigham Minerals with a Buy rating and $25 price target. Brigham, as a mineral and royalty interest company, is not subject to the vast majority of operational and capital costs burdened by exploration and production companies, Aschenbeck tells investors in a research note. This enables Brigham to generate "ample" free cash flow, says the analyst.
06/17/19
RHCO
06/17/19
INITIATION
Target $28
RHCO
Buy
Brigham Minerals initiated with a Buy at SunTrust
SunTrust analyst Welles Fitzpatrick initiated Brigham Minerals with a Buy rating and a price target of $28 as part of his broader research note on the Minerals Sector. The analyst notes that E&Ps have recently fallen out of favor after a decade of free spending and low returns, but expects the group to demonstrate the "transformation into sustainability" with rising free cash flows and capital discipline in the next two years. For Brigham Minerals, the analyst's base case is that the company's activity on its acreage continues as expected with a 30% bull case possibility that it can add more top-tier acreage and diversify to increase production growth. Fitzpatrick also calls Brigham Minerals a "fire and forget" stock given its "high growth, low debt, and unassailable acreage across four premier oil plays."
EPM Evolution Petroleum
$6.00

0.01 (0.17%)

09/17/18
09/17/18
UPGRADE

Buy
Evolution Petroleum upgraded to Buy from Neutral at Euro Pacific
02/11/19
ROTH
02/11/19
UPGRADE
Target $10
ROTH
Buy
Evolution Petroleum upgraded to Buy from Neutral at Roth Capital
Roth Capital analyst John White upgraded Evolution Petroleum to Buy from Neutral, while trimming his price target on the shares to $10 from $10.50. The analyst notes that shares have drifted well below his previous $10.50 price target and remain well below his updated price target.
08/15/18
JRCO
08/15/18
DOWNGRADE
JRCO
Hold
Evolution Petroleum downgraded to Hold from Accumulate at Johnson Rice
VII Vicon Industries
$0.00

(0.00%)

BSM Black Stone Minerals
$14.53

0.1 (0.69%)

04/18/19
RBCM
04/18/19
INITIATION
Target $23
RBCM
Outperform
Black Stone Minerals initiated with an Outperform at RBC Capital
RBC Capital analyst TJ Schultz initiated Black Stone Minerals with an Outperform rating and a price target of $23, saying the company has the "right plan in place" to maintain its "steady" distributions in spite of its "unique" for minerals space MLP structure. The analyst is positive on Black Stone Minerals' "active management strategy" which leverages its team of scientists to sites with "significant minerals position" and then promoting this acreage to industry operators.
07/11/19
JONE
07/11/19
INITIATION
JONE
Buy
Black Stone Minerals initiated with a Buy at JonesTrading
JonesTrading analyst Eduardo Seda initiated Black Stone Minerals with a Buy rating and $22 price target.
ICD Independence Contract Drilling
$1.13

(0.00%)

06/06/19
RILY
06/06/19
NO CHANGE
Target $5.75
RILY
Buy
Independence Contract Drilling risk/reward 'very compelling,' says B. Riley FBR
B. Riley FBR analyst Thomas Curran sees a "very compelling" risk/reward on Independence Contract Drilling with the stock trading below $2. The current equity value reflects a replacement cost of $8M per rig, or 45% less than what the company paid for Sidewinder's fleet, Curran tells investors in a research note. He lowered his price target for Independence Contract Drilling to $5.75 and $7.75 and keeps a Buy rating on the shares.
01/16/19
SOCO
01/16/19
DOWNGRADE
SOCO
Equalweight
Independence Contract downgraded to Equalweight from Overweight at Capital One
TALO Talos Energy
$19.91

-0.33 (-1.63%)

02/11/19
GUGG
02/11/19
INITIATION
Target $38
GUGG
Buy
Talos Energy initiated with a Buy at Guggenheim
Guggenheim analyst Subash Chandra initiated Talos Energy with a Buy and $38 price target.
02/11/19
02/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Everi Holdings (EVRI) initiated with a Buy at SunTrust. 2. ChemoCentryx (CCXI) initiated with an Overweight at Piper Jaffray. 3. Regions Financial (RF) initiated with a Neutral at Credit Suisse. 4. Talos Energy (TALO) initiated with a Buy at Guggenheim. 5. MicroStrategy (MSTR) initiated with a Buy at BWS Financial. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/18
SPHN
12/06/18
INITIATION
Target $38
SPHN
Overweight
Talos Energy initiated with an Overweight at Stephens
Stephens analysts Gail Nicholson and Drew Lipke began coverage of the E&P sector with a positive outlook, starting Talos Energy with an Overweight rating and $38 price target.
10/22/18
NORL
10/22/18
INITIATION
Target $45
NORL
Outperform
Talos Energy initiated with an Outperform at Northland
Northland analyst Carl Byrne initiated Bristol-Myers with an Outperform and $45 price target saying it is largest pure-play offshore Gulf of Mexico E&P and made history in Mexico with its Zama discovery, a 400-800 gross MMBOE EUR discovery that believes investors are effectively getting for "free" at the current share price.
CLR Continental Resources
$29.85

-0.08 (-0.27%)

07/11/19
BMOC
07/11/19
DOWNGRADE
Target $45
BMOC
Market Perform
Continental Resources downgraded to Market Perform at BMO Capital
BMO Capital analyst Phillip Jungwirth downgraded Continental Resources to Market Perform from Outperform with an unchanged price target of $45. Following the company's announced $1B share repurchase plan, the shares have made up much of their year-to-date underperformance, Jungwirth tells investors in a research note. The analyst now sees less upside to his valuation estimates and believes much of the thesis behind his January upgrade is in the past.
04/23/19
IFSG
04/23/19
DOWNGRADE
IFSG
Market Perform
Continental Resources downgraded to Market Perform at IFS Securities
07/23/19
SPHN
07/23/19
UPGRADE
Target $24
SPHN
Overweight
Matador upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Gail Nicholson assumed coverage of Continental Resources (CLR), Carrizo Oil & Gas (CRZO), Lilis Energy (LLEX), Pioneer Natural (PXD) and Matador (MTDR) and updated her estimates and target prices to reflect actual Q2 pricing, a lower commodity outlook, and adjustments to her capex, production, and realized pricing assumptions. In doing so, Nicholson upgraded Matador to Overweight, stating that the stock offers exposure to the Delaware Basin with a "compelling rate of change story" and a line of sight to free cash flow in 2021 forward. Nicholson reiterated the firm's Overweight ratings on Continental and Pioneer and Equal Weight ratings on Carrizo and Lilis. Despite a lower commodity outlook, Nicholson still remains positive, though slightly less bullish than previously, on the Exploration & Production sector, she tells investors. The analyst has a $24 price target on Matador shares, a $52 target on Continental, a $170 target on Pioneer, a $10 target on Carrizo and a $1 target on Lilis.
03/04/19
SBSH
03/04/19
NO CHANGE
Target $55
SBSH
Buy
Continental Resources price target lowered to $55 from $65 at Citi
Citi analyst Robert Morris lowered his price target for Continental Resources to $55 citing the company's slower growth outlook post its Q4 results. He keeps a Buy rating on the shares.
BXE Bellatrix Exploration
$0.00

(0.00%)

RRC Range Resources
$4.32

-0.12 (-2.70%)

07/02/19
STFL
07/02/19
NO CHANGE
STFL
Short-selling Antero into earnings 'could be quite risky,' says Stifel
Stifel analyst Jane Trotsenko said investors could be inclined to short Antero Resources (AR) and Range Resources (RRC) given that Mt. Belvieu, Texas NGL prices are down 15% per barrel quarter-over-quarter. However, the analyst, who is projecting a production beat and "very healthy natural gas price realizations" from Antero thinks short-selling the stock into the earnings "could be quite risky," she tells investors in a research note. Antero also plans to update guidance with its Q2 report, "which makes this quarter particularly tricky," added Trotsenko, who keeps a Buy rating on the stock.
07/15/19
JEFF
07/15/19
DOWNGRADE
JEFF
Jefferies downgrades five in Exploration & Production space ahead of results
Jefferies analyst Mark Lear downgraded Centennial Resource Development (CDEV), Callon Petroleum (CPE), Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR) and Range Resources (RRC) to Hold from Buy to reflect his firm's reduced oil and natural gas price forecasts. The analyst anticipates "another messy quarter" across the Exploration & Production space, driven by "weak" NGL and Waha natural gas pricing. "Once again, E&Ps have been left in the dust by crude, and it feels to us the market doesn't want, or more importantly need, the crude supply that the US onshore can deliver," Lear tells investors in a research note. He thinks EOG Resources (EOG), Diamondback Energy (FANG), Parsley Energy (PE), and Pioneer Natural (PXD) are set up well into the quarter.
07/15/19
JEFF
07/15/19
DOWNGRADE
Target $7
JEFF
Hold
Range Resources downgraded to Hold from Buy at Jefferies
Jefferies analyst Mark Lear downgraded Range Resources to Hold from Buy and lowered his price target for the shares to $7 from $17.
07/29/19
SUSQ
07/29/19
NO CHANGE
Target $8.5
SUSQ
Positive
Range Resources price target lowered to $8.50 from $11 at Susquehanna
Susquehanna analyst Biju Perincheril lowered his price target on Range Resources to $8.50 from $11 following its largely inline Q2 results. The analyst lowered his price target and estimates on lower NGL realizations. He did note the company continues its disciplined approach of spending within cash flow while growing yearly in the mid-single digits over its five-year plan. Perincheril maintained his Positive rating on Range Resources shares.
AAV Advantage Oil & Gas
$0.00

(0.00%)

05/22/19
TDSI
05/22/19
UPGRADE
TDSI
Action List Buy
Advantage Oil & Gas upgraded to Action List Buy from Buy at TD Securities
TD Securities analyst Aaron Bilkoski upgraded Advantage Oil & Gas to Action List BUy from Buy saying the company is proactively evolving its business with internally generated cash flow. The analyst expects early-stage development of Valhalla and Pipestone/Wembley will result in significant cash flow growth, unlock incremental value, and diversify commodity exposure.
PDCE PDC Energy
$27.77

-0.68 (-2.39%)

04/09/19
COWN
04/09/19
INITIATION
Target $53
COWN
Outperform
PDC Energy initiated with an Outperform at Cowen
Cowen analyst Gabe Daoud, Jr. initiated PDC Energy with an Outperform rating and $53 price target, saying that with the uncertainty surrounding Senate Bill 19-181 impacts "somewhat resolved" and DJ gas processing additions coming online later in 2019, he sees the company growing more freely in the Wattenberg into 2020 and steadily approaching development mode in the Delaware.
02/12/19
IMPC
02/12/19
NO CHANGE
IMPC
PDC Energy price target raised to $61 from $57 at Imperial Capital
Imperial Capital analyst Megan Barnett maintained an Outperform rating on PDC Energy, and raised her target price on shares to $61 from $57, following the company's FY18 and FY19 update, as well as the release of its year end 2018 proved reserves estimates.
07/11/19
BMOC
07/11/19
DOWNGRADE
Target $38
BMOC
Market Perform
PDC Energy downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Phillip Jungwirth downgraded PDC Energy to Market Perform from Outperform and lowered his price target for the shares to $38 from $42. The analyst expects negative revisions to consensus 2020 oil and capex estimates and points out that PDC Energy's natural gas liquids exposure is greater than peers. These headwinds, along with core inventory depth concerns, will limit future share price outperformance, Jungwirth tells investors in a research note.
05/20/19
WELS
05/20/19
INITIATION
Target $53
WELS
Outperform
PDC Energy resumed with an Outperform at Wells Fargo
Wells Fargo analyst Gordon Douthat resumed coverage of PDC Energy with an Outperform rating and $53 price target. The analyst estimates the company will post 10% and 13% production and cash flow per debt adjusted share growth through 2021, while generating $650M in free cash flow over this time period translating, to a 12.3% free cash yield in 2021.
LPI Laredo Petroleum
$2.84

0.06 (2.16%)

07/31/19
JPMS
07/31/19
UPGRADE
JPMS
Neutral
Laredo Petroleum upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Michael Glick upgraded Laredo Petroleum to Neutral from Underweight without a price target. The company trades a relative valuation discount to peers, making its free cash flow yield the highest in the space, Glick tells investors in a research note. Further, Laredo's hedge book and premium pricing help de-risk the cash flow profile through 2020, adds the analyst. He believes the company "deserves a look here given a valuation that has significant support."
07/10/19
07/10/19
UPGRADE
Target $3

Neutral
Laredo Petroleum upgraded to Neutral on valuation at Credit Suisse
As previously reported, Credit Suisse analyst Betty Jiang upgraded Laredo Petroleum to Neutral from Underperform, with a $3 price target. The analyst cited valuation, adding that the discount valuation combined with a "solid" balance sheet also provide the company with more strategic alternative options.
07/31/19
JPMS
07/31/19
UPGRADE
JPMS
Neutral
Laredo Petroleum upgraded to Neutral from Underweight at JPMorgan
07/09/19
FBCO
07/09/19
UPGRADE
FBCO
Neutral
Laredo Petroleum upgraded to Neutral from Underperform at Credit Suisse
NOG Northern Oil and Gas
$1.69

-0.01 (-0.59%)

TAL TAL Education
$32.33

0.03 (0.09%)

04/26/19
JEFF
04/26/19
DOWNGRADE
Target $33
JEFF
Hold
TAL Education downgraded to Hold from Buy at Jefferies
Jefferies analyst Johnny Wong downgraded TAL Education to Hold from Buy and lowered his price target for the shares to $33 from $37.
04/26/19
JEFF
04/26/19
DOWNGRADE
Target $33
JEFF
Hold
Jefferies downgrades TAL to Hold, says margin expansion won't last
Jefferies analyst Johnny Wong downgraded TAL Education to Hold from Buy and lowered his price target for the shares to $33 from $37. While the company's Q4 results were "exceptional, it will unlikely be repeated soon," Wong tells investors in a research note. Strong fiscal 2020 enrollment will be accompanied by increasing selling and costs, the analyst adds. Further, he believes TAL's renewed expansion of learning centers will also add to its margin drag.
04/26/19
DAIW
04/26/19
UPGRADE
DAIW
Outperform
TAL Education upgraded to Outperform from Neutral at Daiwa
07/25/19
BOFA
07/25/19
DOWNGRADE
BOFA
Neutral
TAL Education downgraded to Neutral from Buy at BofA/Merrill
SDPI Superior Drilling
$0.87

(0.00%)

03/08/19
ROTH
03/08/19
UPGRADE
ROTH
Buy
Superior Drilling upgraded to Buy from Neutral at Roth Capital
11/28/18
IMPC
11/28/18
NO CHANGE
Target $3
IMPC
Outperform
Superior Drilling price target lowered to $3 from $5 at Imperial Capital
Imperial Capital analyst Jason Wangler lowered his price target for Superior Drilling Products to $3 after the company announced the amendment and extension of the majority of its debt obligations. The analyst, however, keeps an Outperform rating on the shares. Superior continues to improve its operational and financial capabilities, Wangler tells investors in a research note.
10/18/18
IMPC
10/18/18
NO CHANGE
Target $5
IMPC
Outperform
Superior Drilling price target raised to $5 from $3 at Imperial Capital
Imperial Capital analyst Jason Wangler raised his price target for Superior Drilling Products to $5 after the company announced that its establishing a service partner in the Middle East. The agreement shows the continued focus and success of Superior Drilling's push into the Middle East for its Drill-N-Ream product, Wangler tells investors in a research note. He believes this can add "significant" revenue and EBITDA in the future alongside continued domestic market penetration for the product. The analyst keeps an Outperform rating on the shares.
09/18/18
ROTH
09/18/18
DOWNGRADE
Target $2.5
ROTH
Neutral
Superior Drilling downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst John White downgraded Superior Drilling to Neutral from Buy with a $2.50 price target. In a research note to investors, White says Superior Drilling began reporting "strongly positive" financial results starting in 4Q17 and "apparently the market has taken notice," as shares are up 49% since reporting Q2 results. White says he awaits the company's Q3 operations update and earnings to update estimates and rating accordingly.
FLMN Falcon Minerals
$6.26

(0.00%)

05/29/19
05/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Flex (FLEX) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster citing valuation. 2. Allstate (ALL) and Hartford Financial (HIG) were upgraded to Buy from Neutral at Goldman Sachs. 3. Rockwell Automation (ROK) upgraded to Buy from Hold at Gabelli with analyst Justin Bergner saying the negative investor sentiment stemming from "skepticism" of its software partnership strategy and the decline in the relevance of its programmable logic controller is unwarranted. 4. Falcon Minerals (FLMN) upgraded to Buy from Hold at Stifel with analyst Timothy Howard saying Falcon shares have underperformed over the last 30 days, falling 17% compared to peers down 6% and crude oil prices down 7%. 5. YY (YY) upgraded to Buy from Neutral at Nomura Instinet with t analyst Jialong Shi saying the risk/reward is more favorable with the stock down 27% from its recent peak. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/19
SOCO
05/31/19
INITIATION
Target $10
SOCO
Overweight
Falcon Minerals initiated with an Overweight at Capital One
Capital One started Falcon Minerals with an Overweight rating and $10 price target.
06/17/19
RHCO
06/17/19
INITIATION
Target $11
RHCO
Buy
Falcon Minerals initiated with a Buy at SunTrust
SunTrust analyst Welles Fitzpatrick initiated Falcon Minerals with a Buy rating and a price target of $11 as part of his broader research note on the Minerals Sector. The analyst notes that E&Ps have recently fallen out of favor after a decade of free spending and low returns, but expects the group to demonstrate the "transformation into sustainability" with rising free cash flows and capital discipline in the next two years. For Falcon Minerals, the analyst's base case is that the company's activity on its acreage continues as expected with a 35% bull case possibility that it can add more top-tier acreage and diversify to increase production growth.
05/29/19
STFL
05/29/19
UPGRADE
Target $10
STFL
Buy
Falcon Minerals upgraded to Buy from Hold at Stifel
Stifel analyst Timothy Howard upgraded Falcon Minerals to Buy from Hold with an unchanged price target of $10. Falcon shares have underperformed over the last 30 days, falling 17% compared to peers down 6% and crude oil prices down 7%, Howard tells investors in a research note. The analyst sees an attractive risk/reward at current levels. Earlier this month, three additional Hook Ranch wells were permitted following the one highlighted with Falcon's Q1 earnings, says Howard. As a result, the analyst believes there is additional visibility into Hook Ranch production and Falcon's benefit from a 22% net royalty interest.
AMPY Amplify Energy
$5.79

0.02 (0.35%)

TODAY'S FREE FLY STORIES

ONE

OneSmart

$7.03

-0.355 (-4.81%)

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WB

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WB

Weibo

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SINA

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1.97 (5.52%)

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TWTR

Twitter

$40.58

0.47 (1.17%)

04:55
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Twitter management to meet with RBC Capital »

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AVY

Avery Dennison

$113.94

2.305 (2.06%)

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CHH

Choice Hotels

$88.24

0.7 (0.80%)

04:55
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Conference/Events
Choice Hotels management to meet with Morgan Stanley »

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PAYS

Paysign

$13.94

0.12 (0.87%)

04:55
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APHA

Aphria

$6.17

0.23 (3.87%)

04:55
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Conference/Events
Aphria management to meet with Seaport Global »

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MCO

Moody's

$214.29

4.42 (2.11%)

04:55
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Conference/Events
Moody's management to meet with MKM Partners »

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  • 19

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NCMGY

Newcrest Mining

$0.00

(0.00%)

04:55
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04:55
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Conference/Events
Newcrest Mining management to meet with RBC Capital »

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  • 19

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NPO

EnPro

$61.93

2.13 (3.56%)

04:55
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EnPro management to meet with Oppenheimer »

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RMD

ResMed

$134.45

2.06 (1.56%)

04:55
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ResMed management to meet with UBS »

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ZNGA

Zynga

$5.56

0.025 (0.45%)

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CCMP

Cabot Microelectronics

$122.73

4.24 (3.58%)

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QMCO

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GKOS

Glaukos

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BCEI

Bonanza Creek

$22.76

1.61 (7.61%)

04:55
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Bonanza Creek management to meet with SunTrust »

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  • 19

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FFIN

First Financial

$31.15

0.78 (2.57%)

04:55
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SF

Stifel Financial

$52.18

0.925 (1.80%)

04:55
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Conference/Events
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  • 19

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AU

AngloGold

$21.04

0.7 (3.44%)

04:55
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Conference/Events
AngloGold management to meet with JPMorgan »

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