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KOS

Kosmos

$6.86

-0.09 (-1.30%)

, BP

BP

$38.65

0.11 (0.29%)

05:11
11/26/19
11/26
05:11
11/26/19
05:11

Kosmos completes drilling Resolution exploration well in Gulf of Mexico

Kosmos Energy (KOS) announced that it has completed drilling the Resolution exploration well--Kosmos 50%, BP (BP) 50%--in the U.S. Gulf of Mexico. Resolution was designed to test an amplitude-supported sub-salt prospect in the underexplored western Garden Banks area. The well encountered reservoir quality sands; however, the primary exploration objective proved to be water bearing. The well will now be plugged and abandoned and the well results integrated into the ongoing evaluation of the surrounding area. Kosmos expects to spud the Oldfield prospect--Kosmos 40%, Hess (HES) 60%--in early December with results in the first quarter of 2020. In addition, Kosmos continues to high grade its multi-year infrastructure-led exploration prospect inventory in the Gulf of Mexico with a further three wells expected in 2020. The Resolution well was located in approximately 600 meters of water and was drilled to a total depth of approximately 7,700 meters. Kosmos expects to record approximately $55Mof exploration expense in the fourth quarter related to the drilling of the Resolution exploration well.

KOS

Kosmos

$6.86

-0.09 (-1.30%)

BP

BP

$38.65

0.11 (0.29%)

HES

Hess Corp.

$64.78

0.4 (0.62%)

KOS Kosmos
$6.86

-0.09 (-1.30%)

12/21/18
EVER
12/21/18
NO CHANGE
Target $42
EVER
Outperform
Golar LNG Tortue project worth $10 per share to equity, says Evercore ISI
After Kosmos Energy (KOS) and BP (BP), the equity owners in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, announced Final Investment Decision on Phase 1, which will utilize one of Golar LNG's (GLNG) FLNG vessels, Evercore ISI analyst Jonathan Chappell said he continues to estimate a nearly $10/share value to Golar LNG equity based on the expected output, start-up time, and financing. Stating that Tortue means "an awful lot" for Golar LNG, he reiterated his Outperform rating on the stock and trimmed his target to $42 from $43.
01/04/19
BERN
01/04/19
UPGRADE
BERN
Outperform
Kosmos upgraded to Outperform from Market Perform at Bernstein
01/04/19
BERN
01/04/19
UPGRADE
BERN
Outperform
Kosmos upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Bob Brackett upgraded Kosmos Energy to Outperform from Market Perform, telling investors in a research note that this is a great entry point for a new strategy and a "deep" pool of free cash flow.
05/01/19
MACQ
05/01/19
INITIATION
MACQ
Outperform
Kosmos initiated with an Outperform at Macquarie
BP BP
$38.65

0.11 (0.29%)

09/16/19
JPMS
09/16/19
NO CHANGE
JPMS
JPMorgan bullish on European oil stocks, sees demand 4% by 2040
Despite energy efficiency improvements in the West, global energy consumption is expected to continue to grow, led by Asia, JPMorgan analyst Christyan Malek tells investors in a research note. The analyst, who believes decarbonizing will be "far harder than current consensus assumes," estimates oil demand will be 4% higher than current levels by 2040, with demand growth peaking during 2035 through 2040. Amidst this backdrop, Malek has turned bullish on oil equities. The analyst's top pick is Royal Dutch Shell (RDS.A) and he reiterates an Overweight rating on BP (BP). Malek today upgraded Total (TOT) to Overweight from Neutral as he believes the company is best placed to reduce its own emissions intensity from core businesses and products and capture new sources of global energy demand growth. Malek also upgraded Equinor (EQNR) to Neutral from Underweight and following a period of restriction, moved to an Underweight from Neutral on Eni SpA (ENI) and Overweight rating on OMV AG (OMVKY).
10/31/19
ARGS
10/31/19
DOWNGRADE
ARGS
Hold
BP downgraded to Hold from Buy at Argus
Argus downgraded BP to Hold from Buy.
10/31/19
10/31/19
DOWNGRADE

Hold
BP downgraded to Hold at Argus on rising debt levels
As previously reported, Argus analyst Bill Selesky downgraded BP (BP) to Hold from Buy. The analyst cites his concern with the company's current debt to capital ratio of 43%, which is well above those of ExxonMobil's (XOM) 18%, Chevron's (CVX) 18%, and Shell's (RDS.A) 32%. In a period of slower economic growth, Selesky says the elevated debt is a disadvantage and sees the company's less leveraged peers as better positioned in managing potentially lower energy prices. The analyst also lowers his FY19 and FY20 EPS views on BP by 38c and 40c to $2.94 and $3.38 respectively.
11/01/19
11/01/19
NO CHANGE

Rice University-Jones Graduate School of Business to hold a summit
Rice Energy Finance Summit will be held in Houston on November 1.
HES Hess Corp.
$64.78

0.4 (0.62%)

10/30/19
CFRA
10/30/19
DOWNGRADE
CFRA
Sell
Hess Corp. downgraded to Sell from Hold at CFRA
09/23/19
SBSH
09/23/19
INITIATION
Target $70
SBSH
Neutral
Hess Corp. initiated with a Neutral, $70 target at Citi
Citi analyst Scott Gruber started Hess Corp. with a Neutral rating and $70 price target. The analyst believes the company's "premium" multiple captures its "compelling" long-term growth story.
09/23/19
SBSH
09/23/19
INITIATION
Target $70
SBSH
Neutral
Hess Corp. initiated with a Neutral at Citi
Citi started Hess Corp. with a Neutral rating and $70 price target.
11/12/19
SCOT
11/12/19
INITIATION
Target $75
SCOT
Underperform
Hess Corp. initiated with an Underperform at Scotiabank
Scotiabank analyst Paul Cheng initiated coverage of Hess Corp. with an Underperform rating and $75 price target.

TODAY'S FREE FLY STORIES

FITB

Fifth Third

$30.24

0.365 (1.22%)

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Cisco

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STML

Stemline

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0.5 (5.09%)

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GSK

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GOL

Gol Linhas

$17.39

1.07 (6.56%)

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Gol Linhas announces preliminary traffic figures for November »

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NAVB

Navidea

$0.97

0.07 (7.78%)

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Syndicate
Navidea announces $1.9M private placement »

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EFC

Ellington Financial

$18.22

0.09 (0.50%)

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Ellington Financial reports estimated book value per share $18.51 on November 30 »

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

18:22
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Boot Barn CEO: More than 80% of our business is in the store »

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ERIC

Ericsson

$9.24

0.1 (1.09%)

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Ericsson to pay over $1B to settle FCPA case »

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GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

17:55
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SPDR Gold Shares holdings fall to 886.23MT from 888.57MT »

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

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PICO Holdings sells long-term storage credits for $8.7M in Arizona »

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

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Quorum Health receives NYSE continued listing standard notice »

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:30
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Breaking Hot Stocks news story on Support.com »

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

17:29
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Syndicate
Breaking Syndicate news story on Baudax Bio »

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  • 16

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LMT

Lockheed Martin

$387.10

1.175 (0.30%)

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Lockheed Martin awarded $153.39M Navy contract modification »

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ENV

Envestnet

$71.72

1.27 (1.80%)

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Syndicate
Breaking Syndicate news story on Envestnet »

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

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Northrop Grumman awarded $189M Navy contract modification »

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SPRT

Support.com

$1.94

0.01 (0.52%)

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SPRT

Support.com

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0.01 (0.52%)

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Breaking Hot Stocks news story on Support.com »

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RZLT

Rezolute

$0.00

(0.00%)

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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Periodicals
U.S. mulls putting Amazon foreign sites on 'Notorious Markets' list, WSJ says »

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

16:55
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Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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ALEC

Alector

$19.74

0.33 (1.70%)

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ATAX

America First Multifamily Investors

$7.58

0.125 (1.68%)

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Options
Preliminary option volume of 20.4M today »

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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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PNM Resources raises quarterly dividend 6% to 30.75c per share »

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