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PVAC

Penn Virginia

$25.67

1.85 (7.77%)

, XOG

Extraction Oil & Gas

$2.02

0.31 (18.13%)

08:08
11/04/19
11/04
08:08
11/04/19
08:08

Penn Virginia appoints Russell Kelley Jr. as CFO

Penn Virginia Corporation (PVAC) announced that Russell T. Kelley, Jr. has been named Senior Vice President, Chief Financial Officer and Treasurer effective November 13, 2019. Kelley previously served as Chief Financial Officer of Extraction Oil & Gas, Inc. (XOG).

PVAC

Penn Virginia

$25.67

1.85 (7.77%)

XOG

Extraction Oil & Gas

$2.02

0.31 (18.13%)

  • 07

    Nov

  • 08

    Nov

PVAC Penn Virginia
$25.67

1.85 (7.77%)

04/29/19
IMPC
04/29/19
INITIATION
Target $70
IMPC
Outperform
Penn Virginia initiated with an Outperform at Imperial Capital
Imperial Capital analyst Irene Haas started Penn Virginia with an Outperform rating and $70 price target. The shares have not recovered despite crude oil prices "recovering to a healthy level," Haas tells investors in a research note. She believes a lack of new investors could be a partial explanation. In addition, the capital market is largely closed for small to mid-cap Exploration and Production companies who are the likely suitors for Penn Virginia, the analyst adds. Nonetheless, she views the company as an "interesting investment" saying it has a "strong balance sheet, sufficient inventory for the future, and the scope and scale to thrive as a standalone investment."
04/29/19
04/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Iovance Biotherapeutics (IOVA) initiated with an Overweight at Piper Jaffray. 2. Tradeweb Markets (TW) initiated with a Market Perform at Wells Fargo, a Hold at Jefferies and Sandler O'Neill, an Equal Weight at Morgan Stanley and Barclays, as well as a Neutral at BofA/Merrill, Goldman Sachs, Credit Suisse, and Citi. 3. Penn Virginia (PVAC) initiated with an Outperform at Imperial Capital. 4. NGM Biopharmaceuticals (NGM) initiated with an Outperform at Cowen as well as a Buy at Goldman Sachs and Citi. 5. Silk Road Medical (SILK) initiated with an Overweight at JPMorgan, an Outperform at BMO Capital, a Buy at Stifel, and a Neutral at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/19
SOCO
05/23/19
UPGRADE
SOCO
Overweight
Penn Virginia 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.
XOG Extraction Oil & Gas
$2.02

0.31 (18.13%)

08/30/19
LEHM
08/30/19
INITIATION
Target $4
LEHM
Underweight
Extraction Oil & Gas initiated with an Underweight at Barclays
Barclays analyst William Thompson started Extraction Oil & Gas with an Underweight rating and $4 price target. The analyst believes the company is "pushing the liquidity limit" despite ongoing gas processing and Colorado regulatory risks. He sees no roadmap to 2020 free cash flow and 2021 maturities.
10/16/19
SPHN
10/16/19
DOWNGRADE
Target $4
SPHN
Equal Weight
Extraction Oil & Gas downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Gail Nicholson downgraded Extraction Oil & Gas to Equal Weight from Overweight with a price target of $4, down from $6 driven by the Q3 production miss, and increased cautiousness around oil.
10/16/19
10/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Adobe (ADBE) downgraded to Neutral from Buy at Citi with analyst Walter Pritchard saying he believes the stock's risk/reward is "more balanced" with the company's fiscal 2020 guidance "likely to be less conservative." 2. Acuity Brands (AYI) downgraded to Neutral from Outperform at Baird and to Perform from Outperform at Oppenheimer. 3. Costco (COST) downgraded to Neutral from Buy at Northcoast with analyst Chuck Cerankosky citing valuation. 4. ServiceNow (NOW) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying the company remains "best-in-class," but it faces increasing near-term risks, including a CFO transition that may result in more cautious initial guidance for FY20 than most investors expect; tougher subscription billings comparisons in the second half of the year; and high expectations with the stock up more than 50% year-to-date. 5. Extraction Oil & Gas (XOG) downgraded to Equal Weight from Overweight at Stephens with analyst Gail Nicholson citing the Q3 production miss, and increased cautiousness around oil. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/19
IMPC
10/17/19
DOWNGRADE
Target $2
IMPC
Underperform
Extraction Oil downgraded to Underperform from Outperform at Imperial Capital
Imperial Capital analyst Irene Haas double downgraded Extraction Oil & Gas to Underperform from Outperform with a price target of $2, down from $7. The analyst expects the company's Q3 production will be flat due to unplanned outages on the Western Gas system and a two-month delay in the startup of the Rimrock system. Haas, who lowered her estimates for 2019 and 2020, says Extraction's business model is "fundamentally more risky, compared to other DJ Basin peers." With the recent departure of its CFO, the analyst is also concerned that Extraction "might not be equipped to weather additional commodity prices downdraft or operational upsets, planned or unplanned."

TODAY'S FREE FLY STORIES

DHR

Danaher

$147.51

-0.66 (-0.45%)

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$11.05

1.4 (14.51%)

08:55
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Options
Notable open interest changes for December 10th »

Monday's total…

DHR

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-0.66 (-0.45%)

PCG

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1.4 (14.51%)

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08:55
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MDB

MongoDB

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-0.19 (-0.14%)

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  • 10

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AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

, TGT

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$126.43

1.4 (1.12%)

08:54
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AMZN

Amazon.com

$1,749.61

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TGT

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$126.43

1.4 (1.12%)

WMT

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$119.34

-0.43 (-0.36%)

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CFRX

ContraFect

$0.30

-0.038 (-11.41%)

08:50
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Syndicate
ContraFect 37.15M share Spot Secondary priced at 27c »

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08:50
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U.S. Q3 productivity was revised up to a -0.2% rate »

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08:50
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FX Action: The dollar »

FX Action: The dollar…

ROAD

Construction Partners

$20.56

0.66 (3.32%)

08:49
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12/10
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Recommendations
Construction Partners analyst commentary  »

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  • 10

    Dec

OPRX

OptimizeRx

$10.35

1.26 (13.86%)

08:48
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  • 10

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KALV

KalVista

$15.28

0.92 (6.41%)

08:48
12/10/19
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08:48
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KalVista analyst commentary  »

KalVista price target…

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CONN

Conn's

$20.51

1.08 (5.56%)

08:47
12/10/19
12/10
08:47
12/10/19
08:47
Conference/Events
Conn's management to meet with Oppenheimer »

Dinner Meeting to be held…

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  • 10

    Dec

  • 11

    Dec

QSR

Restaurant Brands

$66.00

0.155 (0.24%)

, DNKN

Dunkin' Brands

$76.23

-0.39 (-0.51%)

08:47
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Recommendations
Restaurant Brands, Dunkin' Brands, Del Taco, Noodles & Company analyst commentary  »

Burger King, Dunkin, Del…

QSR

Restaurant Brands

$66.00

0.155 (0.24%)

DNKN

Dunkin' Brands

$76.23

-0.39 (-0.51%)

TACO

Del Taco

$7.38

0.1 (1.37%)

NDLS

Noodles & Company

$5.80

(0.00%)

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

Churchill Downs

$131.32

-0.1 (-0.08%)

08:46
12/10/19
12/10
08:46
12/10/19
08:46
Conference/Events
Churchill Downs management to meet with Jefferies »

Meeting to be held in…

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  • 11

    Dec

CNST

Constellation Pharmaceuticals

$36.15

-7.95 (-18.03%)

08:45
12/10/19
12/10
08:45
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08:45
Recommendations
Constellation Pharmaceuticals analyst commentary  »

Constellation…

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  • 11

    Dec

GME

GameStop

$6.32

-0.34 (-5.11%)

, NVAX

Novavax

$4.16

-0.18 (-4.15%)

08:45
12/10/19
12/10
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Options
Largest borrow rate increases among liquid names »

Latest data shows the…

GME

GameStop

$6.32

-0.34 (-5.11%)

NVAX

Novavax

$4.16

-0.18 (-4.15%)

CRWD

Crowdstrike

$49.00

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BBBY

Bed Bath & Beyond

$15.42

0.65 (4.40%)

CGC

Canopy Growth

$21.26

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HEXO

Hexo

$2.29

0.195 (9.31%)

OSTK

Overstock.com

$7.19

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SVXY

ProShares Short VIX Short-Term Futures

$60.81

-1.61 (-2.58%)

TQQQ

ProShares UltraPro QQQ

$76.38

-0.96 (-1.24%)

PAGP

Plains GP Holdings

$17.61

0.25 (1.44%)

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  • 10

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BECN

Beacon Roofing

$28.96

-0.13 (-0.45%)

08:43
12/10/19
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Conference/Events
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  • 11

    Dec

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DY

Dycom

$46.37

-4.565 (-8.96%)

08:42
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Dycom selloff after note…

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  • 11

    Dec

THO

Thor Industries

$64.28

-3.485 (-5.14%)

08:41
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12/10
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Thor Industries analyst commentary  »

Thor Industries price…

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  • 13

    Dec

NWE

NorthWestern

$71.27

-0.57 (-0.79%)

08:41
12/10/19
12/10
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08:41
Earnings
NorthWestern backs FY19 adjusted EPS view $3.38-$3.48, consensus $3.42 »

Sees FY20 adjusted EPS…

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  • 11

    Dec

SPY

SPDR S&P 500 ETF Trust

$313.89

-0.93 (-0.30%)

, SPX

S&P 500

$0.00

(0.00%)

08:40
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Periodicals
U.S. and China negotiators planning for delay of Dec. 15 tariffs, WSJ says »

U.S. and Chinese trade…

SPY

SPDR S&P 500 ETF Trust

$313.89

-0.93 (-0.30%)

SPX

S&P 500

$0.00

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08:40
12/10/19
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08:40
General news
Breaking General news story  »

Week of 12/7 Redbook to…

08:40
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General news
Breaking General news story  »

Week of 12/7 Redbook to…

ALMFF

Altium

$0.00

(0.00%)

08:39
12/10/19
12/10
08:39
12/10/19
08:39
Initiation
Altium initiated  »

Altium initiated with a…

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ACM

Aecom

$42.37

0.22 (0.52%)

08:38
12/10/19
12/10
08:38
12/10/19
08:38
Hot Stocks
Breaking Hot Stocks news story on Aecom »

Aecom sees FY21 adj.…

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  • 10

    Dec

BCOV

Brightcove

$9.21

-0.11 (-1.18%)

08:38
12/10/19
12/10
08:38
12/10/19
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Conference/Events
Brightcove management to meet with Northland »

Meeting to be held in New…

03/08/13
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Citigroup
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  • 11

    Dec

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