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CHK

Chesapeake

$0.58

-0.0122 (-2.06%)

, CLR

Continental Resources

$32.58

1.04 (3.30%)

04:55
11/26/19
11/26
04:55
11/26/19
04:55

MKM Partners host company meetings

MKM Partners Company Hosted Meetings to be held in Oklahoma City and Tulsa, OK on November 25-26.

CHK

Chesapeake

$0.58

-0.0122 (-2.06%)

CLR

Continental Resources

$32.58

1.04 (3.30%)

DVN

Devon Energy

$22.74

-0.02 (-0.09%)

LPI

Laredo Petroleum

$2.34

0.065 (2.86%)

WPX

WPX Energy

$10.24

0.365 (3.70%)

CHK Chesapeake
$0.58

-0.0122 (-2.06%)

11/06/19
TUDR
11/06/19
DOWNGRADE
TUDR
Sell
Chesapeake downgraded to Sell from Hold at Tudor Pickering
Tudor Pickering analyst Sameer Panjwani downgraded Chesapeake to Sell from Hold.
11/13/19
MSCO
11/13/19
DOWNGRADE
Target $1.25
MSCO
Equal Weight
Chesapeake downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Devin McDermott downgraded Chesapeake to Equal Weight from Overweight with a $1.25 price target.
11/13/19
MSCO
11/13/19
DOWNGRADE
Target $1.25
MSCO
Equal Weight
Morgan Stanley cuts Chesapeake to Equal Weight after 'going concern' warning
As previously reported, Morgan Stanley analyst Devin McDermott downgraded Chesapeake to Equal Weight from Overweight with a price target of $1.25, down from $2.25, after the company issued a "going concern" warning that it may exceed certain debt covenants within the next 12 months. He estimates Chesapeakes' leverage, excluding the "ring-fenced" Brazos Valley subsidiary, at 5.0 times on a rolling 12-month basis and while he expects the company to successfully manage through the potential covenant breach, it will likely require strategic action or waivers, said McDermott, who sees "a wide range" of potential outcomes.
11/19/19
JRCO
11/19/19
DOWNGRADE
JRCO
Hold
Chesapeake downgraded to Hold from Accumulate at Johnson Rice
Johnson Rice downgraded Chesapeake to Hold from Accumulate.
CLR Continental Resources
$32.58

1.04 (3.30%)

10/10/19
10/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kroger (KR) downgraded to Hold from Buy at Jefferies with analyst Christopher Mandeville saying after the stock's 15% rally in three months, the analyst is "checking out" as his confidence in Kroger's long-term grocery strategy and management's ability to effectively communicate "wanes." 2. HP Inc. (HPQ) downgraded to Sell from Neutral at Goldman Sachs while Cisco (CSCO) was downgraded to Neutral from Buy. 3. Continental Resources (CLR) downgraded to Neutral from Buy at Mizuho analyst Paul Sankey saying while the company has taken steps to reduce leverage and initiated its own cash return strategy, he has too much concern about the trajectory of spending and the quality of its unconventional opportunity longer-term to remain Buy-rated. 4. Evergy (EVRG) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing the Missouri PSC vote in favor of petitioners against the company in the ongoing Sibley Generating Station complaint. 5. ForeScout (FSCT) downgraded to Neutral from Overweight at JPMorgan with analyst Sterling Auty citing the company's announcement of preliminary September quarter revenue that was about 10% short of expectations due primarily to macroeconomic conditions in EMEA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/19
MZHO
10/10/19
DOWNGRADE
Target $38
MZHO
Neutral
Continental Resources downgraded to Neutral from Buy at Mizuho
Mizuho analyst Paul Sankey downgraded Continental Resources to Neutral from Buy with a $38 price target. The analyst says that while the company has taken steps to reduce leverage and initiated its own cash return strategy, he has too much concern about the trajectory of spending and the quality of its unconventional opportunity longer-term to remain Buy-rated.
10/10/19
MZHO
10/10/19
DOWNGRADE
MZHO
Neutral
Continental Resources downgraded to Neutral from Buy at Mizuho
10/04/19
10/04/19
DOWNGRADE
Target $34

Neutral
Continental Resources downgraded to Neutral from Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Betty Jiang downgraded Continental Resources to Neutral and also lowered her price target to $34 from $42. The analyst notes that while still strong, the company's free cash flows and production growth are "less differentiated" today as over 75% of large/mid-size E&Ps are growing free cash flows and output. Jiang also warns that given the lower oil strip prices, Continental Resources' free cash flow yield may be reduced from about 4% this year to 0.4% in 2020 while its peer group's yield rises from 0.6% to 1.0%. The analyst is further concerned that the company's capital returns may be hampered.
DVN Devon Energy
$22.74

-0.02 (-0.09%)

10/10/19
GHSC
10/10/19
DOWNGRADE
GHSC
Neutral
Seaport Global cuts Devon Energy to Neutral among 13 E&P downgrades
As previously reported, Seaport Global analyst Mike Kelly downgraded Devon Energy to Neutral from Buy. The rating change was among 13 downgrades made in the E&P sector by Kelly, who contends that "the 2020 oil macro set up is a mess." On Devon specifically, he thinks free cash flow "largely evaporates" in FY20 with oil near $50 per barrel. While "Delaware is the crown jewel and getting better," the fact that 55% of the company's position is on federal land will be an overhang, Kelly contends.
08/08/19
MUFG
08/08/19
NO CHANGE
Target $36
MUFG
Neutral
Devon Energy price target raised to $36 from $33 at MUFG
MUFG analyst Michael McAllister raised his price target on Devon Energy to $36 after its Q2 earnings beat and raised FY19 production guidance for the second time this year. The analyst keeps his Neutral rating however, noting the company continues to seek a buyer for its Barnett Shale to focus its portfolio on "four assets". McAllister also sees Devon Energy's cost saving initiative proceeding ahead of schedule.
07/30/19
07/30/19
INITIATION
Target $33

Buy
Devon Energy initiated with a Buy at SunTrust
As previously reported, SunTrust analyst Neal Dingmann initiated Devon Energy with a Buy rating and $33 price target. The analyst cites the company's exposure to the "highest return" U.S. shale basins and believes consensus is undervaluing the incremental result from the high grading of assets following its $6.5B in divestiture. Following the recent closing of Canadian sale and a future potential Barnett sale, Dingmann contents that Devon will have "material cash" to use toward further share repurchases and a debt paydown.
10/10/19
GHSC
10/10/19
DOWNGRADE
GHSC
Neutral
Devon Energy downgraded to Neutral from Buy at Seaport Global
LPI Laredo Petroleum
$2.34

0.065 (2.86%)

07/09/19
FBCO
07/09/19
UPGRADE
FBCO
Neutral
Laredo Petroleum upgraded to Neutral from Underperform at Credit Suisse
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
07/31/19
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."
WPX WPX Energy
$10.24

0.365 (3.70%)

01/29/19
01/29/19
INITIATION

Mizuho initiates seven 'exciting' E&P stocks
Mizuho analyst Paul Sankey expanded his coverage of the E&P, or exploration and production, sector with the initiation of seven U.S.-focused, liquids-weighted E&Ps. Sankey initiated Concho Resources (CXO), Continental Resources (CLR), and Diamondback Energy (FANG) with Buy ratings, and Cimarex Energy Company (XEC), Encana Corporation (ECA), Parsley Energy (PE), and WPX Energy (WPX) with Neutral ratings. The analyst views each of these names as quality operators at varying stages in the transition to "Renaissance E&P." He believes "sustainable cash return growth is the key to making E&Ps competitive, not just relative to their history, but to the broader market," and sees his three Buy-rated names as the furthest along this process.
06/12/19
MKMP
06/12/19
INITIATION
Target $15
MKMP
Buy
WPX Energy initiated with a Buy at MKM Partners
MKM Partners analyst John Gerdes started WPX Energy with a Buy rating and $15 price target. The analyst believes the company is executing "solidly" in the Delaware and Williston basins.
06/13/19
06/13/19
INITIATION
Target $15

Buy
WPX Energy initiated with a Buy at MKM Partners
As previously reported, MKM Partners analyst John Gerdes started WPX Energy with a Buy rating and $15 price target. The analyst sets a 2019 production expectation target of about 162 MBOE/D, which is slightly above the company's target of 149-161 MBOE/D. Gerdes adds that the cash margin for WPX Energy is 10%-15% higher than the industry and its "full-cycle return" of about 130% is superior to the industry ratio of 115%-120%.
06/13/19
06/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zillow (ZG) initiated with a Neutral at Piper Jaffray. 2. WPX Energy (WPX) initiated with a Buy at MKM Partners. 3. Lyft (LYFT) and Uber (UBER) were initiated with an Outperform at Evercore ISI. 4. Sea Limited (SE) initiated with an Overweight at JPMorgan. 5. Pinduoduo (PDD) initiated with a Buy at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SPT

Sprout Social

20:34
12/12/19
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Syndicate
Sprout Social 8.824M share IPO priced at $17.00 »

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SCHW

Charles Schwab

$51.08

1.48 (2.98%)

20:16
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Charles Schwab rating change  »

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BLUE

Bluebird Bio

$84.00

-2.97 (-3.41%)

20:08
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AQST

Aquestive Therapeutics

$6.73

-0.97 (-12.60%)

20:07
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Aquestive Therapeutics 7M share Secondary priced at $5.00 »

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BY

Byline Bancorp

$18.95

0.54 (2.93%)

19:56
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19:56
Hot Stocks
Byline Bancorp initiates 3c per share cash dividend »

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NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

19:08
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12/12
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19:08
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NextGen Healthcare rating change at Cantor Fitzgerald »

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AMOT

Allied Motion

$46.79

0.81 (1.76%)

18:57
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18:57
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Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

, DISCA

Discovery

$32.36

0.28 (0.87%)

18:54
12/12/19
12/12
18:54
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18:54
Hot Stocks
Liberty Latin America says Dr. John Malone retires from board »

Liberty Latin America…

LILA

Liberty Latin America

$17.56

0.32 (1.86%)

DISCA

Discovery

$32.36

0.28 (0.87%)

LGF.A

Lionsgate

$9.99

0.65 (6.96%)

LGF.B

Lionsgate

$9.35

0.7 (8.09%)

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HOCPY

Hoya Corp.

$0.00

(0.00%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

18:43
12/12/19
12/12
18:43
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18:43
Hot Stocks
Hoya to offer JPY12,900 per share in tender offer for Toshiba unit NuFlare »

Hoya Corporation (HOCPY)…

HOCPY

Hoya Corp.

$0.00

(0.00%)

TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba

$0.00

(0.00%)

03/08/13
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  • 16

    Dec

ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:42
12/12/19
12/12
18:42
12/12/19
18:42
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Adobe…

ADBE

Adobe

$305.76

2.01 (0.66%)

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

DDOG

Datadog

$35.75

0.23 (0.65%)

RIG

Transocean

$5.94

0.28 (4.95%)

TPR

Tapestry

$26.35

0.515 (1.99%)

GTIM

Good Times Restaurants

$1.71

0.14 (8.92%)

ORCL

Oracle

$56.47

0.16 (0.28%)

AVGO

Broadcom

$327.39

7.53 (2.35%)

COST

Costco

$297.50

2.28 (0.77%)

CNC

Centene

$58.52

-0.13 (-0.22%)

03/08/13
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  • 12

    Dec

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  • 23

    Jan

  • 23

    Mar

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
12/12/19
12/12
18:40
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18:40
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta up 28.5% after…

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
12/12/19
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18:38
Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

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  • 13

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:31
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18:31
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Breaking Hot Stocks news story on Sarepta »

Sarepta to resume trading…

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ADBE

Adobe

$305.76

2.01 (0.66%)

18:25
12/12/19
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18:25
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Adobe CEO: We are not overly concerned with the trade war with China »

Comment from interview…

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:20
12/12/19
12/12
18:20
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18:20
Hot Stocks
Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

Sarepta Therapeutics…

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

18:11
12/12/19
12/12
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18:11
Hot Stocks
Amazon orders fourth season of 'The Marvelous Mrs. Maisel' »

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
12/12/19
12/12
18:10
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18:10
Hot Stocks
OHA Investment obtains stockholder approval of Portman Ridge deal »

OHA Investment…

OHAI

OHA Investment

$1.28

(0.00%)

PTMN

Portman Ridge Finance

$2.04

(0.00%)

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ONCT

Oncternal Therapeutics

$4.62

0.05 (1.09%)

18:05
12/12/19
12/12
18:05
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18:05
Hot Stocks
Oncternal presents interim data from Phase 1b clinical study of cirmtuzumab »

Oncternal Therapeutics…

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
12/12/19
12/12
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18:03
Hot Stocks
Horizon Global CFO Jamie Pierson steps down »

Horizon Global announced…

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
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12/12
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18:03
Hot Stocks
Oracle CEO Catz says expects momentum in 2H20 to carry into FY21 »

Says feels "very…

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  • 12

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
12/12/19
12/12
18:00
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18:00
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta trading halted,…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:52
12/12/19
12/12
17:52
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17:52
Hot Stocks
Oracle's Ellison says 'we have no plans for having a second CEO' »

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  • 12

    Dec

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

Evercel, Inc

$0.00

(0.00%)

17:41
12/12/19
12/12
17:41
12/12/19
17:41
Hot Stocks
NewLink Genetics advances over 11% after Evercel discloses rejected offer »

Shares of NewLink…

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

EVRC

Evercel, Inc

$0.00

(0.00%)

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EVRC

Evercel, Inc

$0.00

(0.00%)

, NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

17:36
12/12/19
12/12
17:36
12/12/19
17:36
Hot Stocks
Evercel announces rejected offer to acquire NewLink Genetics »

Evercel (EVRC) has made…

EVRC

Evercel, Inc

$0.00

(0.00%)

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

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BXRX

Baudax Bio

$6.30

0.225 (3.70%)

17:34
12/12/19
12/12
17:34
12/12/19
17:34
Hot Stocks
Corsair Capital reports 8.77% passive stake in Baudax Bio »

Corsair Capital disclosed…

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