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RDS.B

Royal Dutch Shell

$60.28

-0.145 (-0.24%)

, RDS.A

Royal Dutch Shell

$58.96

0.15 (0.26%)

11:45
01/16/20
01/16
11:45
01/16/20
11:45

U.S. firm GIP,Shell-Cosan venture plan to bid on Brazil refineries, Reuters says

Carolina Mandl, Tatiana Bautzer of Reuters wrote that Global Infrastructure Partners, a U.S-based private equity firm plans to bid jointly with Brazil's fuel distribution company Raizen for refineries put up for sale by Petroleo Brasileiro (PBR). According to Reuters, Raizen is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Brazilian ethanol producer Cosan. Reference Link

RDS.B

Royal Dutch Shell

$60.28

-0.145 (-0.24%)

RDS.A

Royal Dutch Shell

$58.96

0.15 (0.26%)

PBR

Petrobras

$14.86

-0.015 (-0.10%)

RDS.B Royal Dutch Shell
$60.28

-0.145 (-0.24%)

01/06/20
WELS
01/06/20
DOWNGRADE
Target $63
WELS
Equal Weight
Royal Dutch Shell downgraded to Equal Weight from Overweight at Wells Fargo
Wells Fargo analyst Roger Read downgraded Royal Dutch Shell to Equal Weight from Overweight and lowered his price target on the shares to $63 from $74.
08/19/19
LEHM
08/19/19
DOWNGRADE
LEHM
Equal Weight
Royal Dutch Shell downgraded to Equal Weight from Overweight at Barclays
09/05/19
09/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Group (BHP) downgraded to Underperform from Neutral at Exane BNP Paribas. 2. Mallinckrodt (MNK) downgraded to Market Perform from Outperform at BMO Capital analyst Gary Nachman citing yesterday's Bloomberg reports that the company hired restructuring firms to help manage through its opioid litigation. 3. Yirendai (YRD) downgraded to Underperform from Neutral at Macquarie with analyst Dexter Hsu saying the company not only reported "disappointing" Q2 results, but also closed the merger with CreditEase on unfavorable terms. 4. Green Dot (GDOT) downgraded to Hold from Buy at Jefferies with analyst John Hecht saying the company's organic revenue growth has been slowing and it is trying to establish share in a new customer target market with well-resourced competitors. 5. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Market Perform from Outperform at Cowen with analyst Jason Gabelman saying the downgrade reflects its peer leading exposure to international gas prices which are forecasted lower through 2020 and as a result could limit its free cash flow growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/19
09/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dave & Buster's (PLAY) downgraded to Market Perform from Outperform at William Blair and Raymond James, and to Hold from Buy at Loop Capital. 2. Fortis (FTS) downgraded to Market Perform from Outperform at BMO Capital with analyst Ben Pham saying he believes the current valuation already reflects the company's positive fundamentals. 3. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Hold from Buy at HSBC. 4. HD Supply (HDS) downgraded to Neutral from Buy at Buckingham and to Neutral from Outperform at Baird. 5. Costco (COST) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
RDS.A Royal Dutch Shell
$58.96

0.15 (0.26%)

01/14/20
BREN
01/14/20
UPGRADE
Target $33.5
BREN
Buy
Royal Dutch Shell upgraded to Buy from Hold at Berenberg
Berenberg analyst Henry Tar upgraded Royal Dutch Shell to Buy from Hold with a EUR 33.50 price target. The analyst expects an incremental $6B of cash flow and potential $8B of buybacks in 2020, giving the company the "highest cash returns" of the group. Following underperformance in 2019, the risks to oil prices are starting to be skewed to the upside, Tar tells investors in a research note.
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.
10/02/19
ABNA
10/02/19
DOWNGRADE
ABNA
Hold
Royal Dutch Shell downgraded to Hold from Buy at ABN Amro
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).
PBR Petrobras
$14.86

-0.015 (-0.10%)

07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/19/19
JPMS
12/19/19
UPGRADE
Target $24
JPMS
Overweight
JPMorgan upgrades Ecopetrol to Overweight, ups price target to $24
JPMorgan analyst Rodolfo Angele upgraded Ecopetrol (EC) to Overweight from Neutral with a price target of $24, up from $20. The analyst has a more optimistic view on the company's ability to add reserves and notes that the shares have historically been penalized for low reserve life. Further, Angele has a more positive view on Ecopetrol's production in Colombia and he points out that JPMorgan is now more bullish on oil prices. Ecopetrol is best positioned in Latin America Oil & Gas to benefit from higher prices, Angele tells investors in a research note. Petrobras (PBR) remains the analyst's favorite name in the sector. He boosted his price target for those shares to $21 from $20.
07/11/19
07/11/19
INITIATION
Target $21.6

Buy
Petrobras initiated with a Buy at Goldman Sachs
As previously reported, Goldman Sachs analyst Bruno Amorim started Petrobras with a Buy rating and a price target of $21.60, saying the company is in the process of transitioning from a "turnaround" story to one of growth and cash generation. The analyst adds that "after a decade" of disappointing on production growth forecasts, Petrobras is positioned to expand its production volume by about 9% per year in the 2018-2020 period. Amorim further believes that investors will respond well to the management's efforts in selling non-core assets to reduce leverage and invest the proceeds in the offshore Santos Basin.
07/11/19
GSCO
07/11/19
INITIATION
Target $19.7
GSCO
Buy
Petrobras initiated with a Buy at Goldman Sachs
Goldman Sachs started Petrobras with a Buy rating and $19.70 price target. The company's improving returns and free cash flow are not fully priced in at current share levels, Goldman says.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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$109.20

-1.16 (-1.05%)

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IEF

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$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

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GLD

SPDR Gold Shares

$146.59

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Euro Currency Trust

$105.10

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UBSFY

Ubisoft

$0.00

(0.00%)

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
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Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

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ECA

Encana

$4.09

-0.18 (-4.22%)

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

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Options
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NSCO

Nesco Holdings

$5.12

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GPS

Gap

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-0.075 (-0.40%)

, CMCSA

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FAST

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APLS

Apellis

$40.43

0.03 (0.07%)

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Apellis CEO sells 30.6K shares of common stock »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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LGC

Legacy Acquisition Corp

$10.33

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

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BBY

Best Buy

$90.21

1.28 (1.44%)

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