Fly News Breaks for August 5, 2019
WES, OXY, APC, DCP
Aug 5, 2019 | 08:01 EDT
RBC Capital analyst Elvira Scotto lowered her price target on Western Midstream (WES) to $28 after its Q2 earnings miss and lowered FY19 guidance. The analyst also notes that the stock no longer warrants a premium given the likely "change in sponsor", assuming the Occidental Petroleum (OXY) acquisition of Western Midstream's parent Anadarko (APC) closes as expected. Scotto is keeping her Outperform rating on the stock however, given some longer term visibility on performance after Western Midstream's deal with DCP Midstream (DCP) in the DJ Basin.
News For WES;OXY;APC;DCP From the Last 2 Days
Sep 16, 2019 | 09:40 EDT
Unusual total active option classes on open include: BP (BP), Royal Dutch Shell (RDS/A), Direxion Oil & Gas 3x Bull ETF (GUSH), Marathon Oil (MRO), SPDR S&P Oil and Gas Exploration and Production (XOP), Chesapeake (CHK), United States Oil Fund (USO), Valero (VLO), Halliburton (HAL), and Occidental Petroleum (OXY).