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BP

BP

$37.26

-0.19 (-0.51%)

, BG

Bunge

$53.51

0.12 (0.22%)

14:02
12/02/19
12/02
14:02
12/02/19
14:02

Bunge and BP complete formation of BP Bunge Bioenergia joint venture in Brazil

Earlier today, Bunge (BG) and BP (BP) announced that they have completed the formation of BP Bunge Bioenergia, the Brazilian bioenergy joint venture that combines their Brazilian bioenergy and sugarcane ethanol businesses. BP Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market. As part of the transaction, Bunge received cash proceeds of $775 million, comprising of $700 million of non-recourse Bunge debt that was assumed by the joint venture at closing, and $75 million from BP, before customary closing adjustments. The proceeds were used to reduce outstanding indebtedness under the Company's credit facilities. The non-recourse debt was arranged by a syndicate of banks, led by Sumitomo Mitsui Banking Corporation, ABN Amro Bank N.V. and ING Bank N.V. Itau BBA acted as exclusive financial advisor to Bunge, and Lefosse Advogados acted as legal counsel.

BP

BP

$37.26

-0.19 (-0.51%)

BG

Bunge

$53.51

0.12 (0.22%)

BP BP
$37.26

-0.19 (-0.51%)

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.
BG Bunge
$53.51

0.12 (0.22%)

01/23/19
FBCO
01/23/19
NO CHANGE
Target $70
FBCO
Outperform
Bunge price target lowered to $70 from $77 at Credit Suisse
Credit Suisse analyst Robert Moskow lowered his price target for Bunge to $70 from $77 following management's EBIT guidance reduction for its Agribusiness and Sugar segment. The analyst reiterates an Outperform rating on the shares due to his view that Bunge's newly constituted board will generate shareholder value by slimming down the portfolio, improving execution, and possibly selling the business.
02/22/19
BMOC
02/22/19
NO CHANGE
Target $72
BMOC
Outperform
Bunge price target lowered to $72 from $83 at BMO Capital
BMO Capital analyst Kenneth Zaslow lowered his price target on Bunge to $72 after its Q4 earnings miss driven by a higher tax rate and expectations of flat FY19 EPS because of lower Agribusiness profits. The analyst also keeps his Outperform rating, saying investment in the stock may be "ripe" because of the appointment of new management, "severe earnings rebase", potential asset sales, cost savings opportunities, and limited downside given its current price relative to $48-$49 per share book value.
07/12/19
BARD
07/12/19
NO CHANGE
BARD
Outperform
Darling Ingredients named a Fresh Pick at Baird
Baird analyst Ben Kallo named Darling Ingredients (DAR) as a Fresh Pick as he believes a rally in fat pricing should be a tailwind for the balance of the year. While he is more positive on Darling (DAR), Kallo said weather, trade, and African swine fever combine to make challenging ag environment more broadly and he is cautious in the near-term on Archer Daniels (ADM), Bunge (BG) and FMC Corporation (FMC). He keeps Outperform ratings on Darling and Archer and Neutral ratings on Bunge and FMC.
10/08/19
SPHN
10/08/19
INITIATION
Target $74
SPHN
Overweight
Bunge initiated with an Overweight rating at Stephens
Stephens analyst Ben Bienvenu initiated coverage of Bunge with an Overweight rating and $74 price target. He thinks shares are at an attractive entry point for long-term investors with near-term downside protection and a favorable dividend. Bienvenu also sees potential for new management to unlock the earnings power of "a business that has been consistently under-earning," the analyst stated.

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STRM

Streamline Health

$1.25

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  • 12

    Dec

NLOK

NortonLifeLock

$25.43

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Intel

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INTC

Intel

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AVGO

Broadcom

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TGTX

TG Therapeutics

$9.28

2.17 (30.52%)

18:55
12/09/19
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Conference/Events
TG Therapeutics to host investor & analyst meeting »

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NTNX

Nutanix

$33.87

-0.725 (-2.10%)

18:41
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Nutanix CEO: We are transitioning to a subscription-based model »

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

, MDB

MongoDB

$131.03

-0.19 (-0.14%)

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Fly Intel: After Hours Movers »

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MDB

MongoDB

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PHR

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CDMO

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0.05 (0.86%)

MTN

Vail Resorts

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TOL

Toll Brothers

$41.40

0.515 (1.26%)

EQ

Equillium

$4.00

-0.03 (-0.74%)

SUPN

Supernus

$22.69

-0.145 (-0.63%)

A

Agilent

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-0.545 (-0.66%)

HEPA

Hepion Pharmaceuticals

$5.61

0.4 (7.68%)

ROAD

Construction Partners

$20.56

0.66 (3.32%)

CASY

Casey's General Stores

$175.33

-0.47 (-0.27%)

CHWY

Chewy

$24.17

-0.76 (-3.05%)

LVGO

Livongo Health

$27.40

-0.6 (-2.14%)

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BLUE

Bluebird Bio

$76.72

-2.79 (-3.51%)

, BMY

Bristol-Myers

$61.32

1.38 (2.30%)

18:24
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Hot Stocks
Bluebird Bio, Bristol-Myers present update on Phase 1 study of bb21217 »

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Bluebird Bio

$76.72

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BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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  • 09

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BA

Boeing

$351.25

-2.74 (-0.77%)

18:22
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Periodicals
Former Boeing employee Pierson to testify at U.S. House hearing, Reuters says »

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  • 10

    Dec

OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:21
12/09/19
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Hot Stocks
Occidental Petroleum director buys 12.9K shares of common stock »

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  • 09

    Dec

OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:14
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Hot Stocks
Occidental Petroleum director buys 10K shares of common stock »

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  • 09

    Dec

EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

18:02
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Editas Medicine announces in vivo proof-of-concept data for EDIT-301 »

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

, CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

17:56
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Hot Stocks
Mesabi Trust initiates arbitration against Northshore Mining, Cleveland-Cliffs »

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

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FFBC

First Financial Bancorp

$24.67

0.12 (0.49%)

17:51
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Hot Stocks
First Financial Bancorp chairman Davis sells 25,000 common shares »

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GPRE

Green Plains

$14.26

-0.49 (-3.32%)

17:47
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Hot Stocks
Green Plains CEO Todd Becker sold over 607K in company shares »

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MDT

Medtronic

$111.12

-2.02 (-1.79%)

17:43
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Hot Stocks
Medtronic director buys 5K shares of common stock »

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  • 18

    Feb

VAC

Marriott Vacations

$123.77

-0.1 (-0.08%)

17:41
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Marriott Vacations raises quarterly dividend to 54c from 45c per share »

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FSLY

Fastly

$20.82

-0.35 (-1.65%)

17:36
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Hot Stocks
Fastly director Sunil Dhaliwal sells almost $576K in company shares »

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  • 09

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

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Stitch Fix says saw healthy growth in both women's, men's categories »

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F

Ford

$9.00

-0.015 (-0.17%)

17:32
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Ford expects to roughly halve 2018 China EBIT loss »

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VEEV

Veeva

$143.56

-1.115 (-0.77%)

17:28
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Veeva CMO sells 5K shares of common stock »

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  • 11

    Dec

BLDR

Builders FirstSource

$25.71

0.45 (1.78%)

17:25
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Builders FirstSource acquires assets of Raney Components, Construction »

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  • 19

    Dec

S

Sprint

$5.40

-0.145 (-2.62%)

, TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

17:16
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Judge seeks speedy trial over T-Mobile, Sprint deal, WSJ reports »

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Sprint

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TMUS

T-Mobile

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  • 09

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WEN

Wendy's

$21.72

0.15 (0.70%)

17:15
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Wendy's sees FY20 FCF of $210M-$220M including impact of settlement »

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  • 11

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:15
12/09/19
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Hot Stocks
Breaking Hot Stocks news story on StoneCastle »

StoneCastle trading…

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AIZ

Assurant

$130.91

-0.66 (-0.50%)

17:14
12/09/19
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Hot Stocks
Assurant director sells 21.8K shares of common stock »

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XAIR

Beyond Air

$4.13

0.005 (0.12%)

17:14
12/09/19
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17:14
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17:14
Syndicate
Beyond Air announces offering of common stock, concurrent private placement »

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