Laredo Petroleum Holdings (NYSE: LPI) ratings and price targets.
Goldman Sachs (NYSE:GS) initiated coverage on Laredo Petroleum Holdings (LPI). They placed a “Buy” rating and a price target of $28.00 on the company.
Bank of America (NYSE:BAC) initiated coverage on Laredo Petroleum Holdings (LPI). They placed a “Buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Laredo Petroleum Holdings (LPI). They placed an “Overweight” rating on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on Laredo Petroleum Holdings (LPI). They placed an “Outperform” rating on the company.
Showing posts with label Bank of America. Show all posts
Showing posts with label Bank of America. Show all posts
Tuesday, January 24, 2012
Thursday, January 12, 2012
Oasis (OAS) (TSCO) (EIX) (CVX) (BEN) (SXC) Ratings, Price Targets
Oasis Petroleum Inc. (NYSE: OAS), Tractor Supply Co. (NASDAQ: TSCO), Edison International (NYSE: EIX), Chevron (NYSE: CVX), Franklin Resources, Inc. (NYSE: BEN) and Suncoke Energy Inc. (NYSE: SXC) ratings and price targets.
Tractor Supply Co. (TSCO) had its “Buy” rating reiterated by Bank of America (NYSE:BAC).
Edison International (EIX) had its price target raised by Ticonderoga from $51.00 to $54.00. They have a “Buy” rating on the company.
Chevron (CVX) had its price target raised by Jefferies Group (NYSE:JEF) to $125.00. They have a “Hold” rating on the company.
UBS AG (NYSE:UBS) initiated coverage on Franklin Resources, Inc. (BEN). They placed a “Neutral” rating and a price target of $104.00 on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on Suncoke Energy Inc. (SXC). They placed an “Outperform” rating on the company.
Canaccord Genuity downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They have a price target of $32.00 on the company.
Tractor Supply Co. (TSCO) had its “Buy” rating reiterated by Bank of America (NYSE:BAC).
Edison International (EIX) had its price target raised by Ticonderoga from $51.00 to $54.00. They have a “Buy” rating on the company.
Chevron (CVX) had its price target raised by Jefferies Group (NYSE:JEF) to $125.00. They have a “Hold” rating on the company.
UBS AG (NYSE:UBS) initiated coverage on Franklin Resources, Inc. (BEN). They placed a “Neutral” rating and a price target of $104.00 on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on Suncoke Energy Inc. (SXC). They placed an “Outperform” rating on the company.
Canaccord Genuity downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They have a price target of $32.00 on the company.
Tuesday, September 28, 2010
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) Make Little on Petrobras (NYSE:PBR) Fees
Petrobras (NYSE:PBR) has been in the news recently because of its enormous equity offering of $67 billion in common and preferred shares of the company, generating massive media coverage because it's one of the largest equity deals in history.
Global bookrunners like Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) didn't fare as well though, as the fees from the deal won't do much to add to the bottom line of the company.
Fees for the overall deal came to only $147.2 million, a little over 0.20 percent of the deal.
Similar to other deals, the low fees were spun as irrelevant in relationship to the knowledge the participating banks would receive, and marketed as steps to numerous other deals in the near future.
Banco Bradesco of Brazil was the lead manager for the offering, with Grupo Santander of Spain and Banco Itau of Brazil also participating.
Global bookrunners like Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) didn't fare as well though, as the fees from the deal won't do much to add to the bottom line of the company.
Fees for the overall deal came to only $147.2 million, a little over 0.20 percent of the deal.
Similar to other deals, the low fees were spun as irrelevant in relationship to the knowledge the participating banks would receive, and marketed as steps to numerous other deals in the near future.
Banco Bradesco of Brazil was the lead manager for the offering, with Grupo Santander of Spain and Banco Itau of Brazil also participating.
Monday, September 13, 2010
Wells Fargo (NYSE:WFC) Initiates Coverage on Chesapeake Midstream (NYSE:CHKM)
Chesapeake Midstream Partners (NYSE:CHKM) has captured a lot of attention from the financial world recently, with Wells Fargo (NYSE:WFC) being the latest to initiate coverage on them, starting off with a "Market Perform" rating.
"CHKM has 100% fee-based cash flow and visible growth prospects tied to its GP's drilling plans and potential drop-down opportunities. We forecast a five-year distribution compound annual growth rate (CAGR) of 9.3%, assuming average annual (1) acquisitions of $300 million and (2) growth capex of $510 million. However, CHKM's attractive attributes and above-average growth profile appear fairly reflected in the current valuation, in our view. Approximately 80% of CHKM's distribution is tax deferred," said the Wells analyst.
Other companies recently initiating coverage on Chesapeake Midstream are UBS (NYSE:UBS), who started them with a "Buy"; Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC), with a "Neutral"; and Barclays (NYSE:BCS) with an "Overweight."
Chesapeake Midstream Partners is a provider of natural gas gathering and processing services.
"CHKM has 100% fee-based cash flow and visible growth prospects tied to its GP's drilling plans and potential drop-down opportunities. We forecast a five-year distribution compound annual growth rate (CAGR) of 9.3%, assuming average annual (1) acquisitions of $300 million and (2) growth capex of $510 million. However, CHKM's attractive attributes and above-average growth profile appear fairly reflected in the current valuation, in our view. Approximately 80% of CHKM's distribution is tax deferred," said the Wells analyst.
Other companies recently initiating coverage on Chesapeake Midstream are UBS (NYSE:UBS), who started them with a "Buy"; Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC), with a "Neutral"; and Barclays (NYSE:BCS) with an "Overweight."
Chesapeake Midstream Partners is a provider of natural gas gathering and processing services.
Wednesday, September 8, 2010
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), UBS (NYSE:UBS), Barclays (NYSE:BCS) Initiate Coverage on Chesapeake (NYSE:CHKM)
It has been awhile since I've seen this many companies initiate coverage on a company at one time, but Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), UBS (NYSE:UBS) and Barclays (NYSE:BCS) have all started covering Chesapeake Midstream Partners, L.P (NYSE:CHKM).
UBS and Citigroup were the most upbeat on Chesapeake, starting them off at a "Buy." UBS wasn't as positive on its price target for the company, setting it at $25.50, while Citigroup is looking for $28.50.
Goldman Sachs and Bank of America, via Merrill Lynch, placed a "Neutral" rating on Chesapeake. Goldman has a price target of $25 on them.
Barclays rates the company at "Overweight," with a price target of $26.
Every financial institution liked the way the revenue for the company is structured, based on contracted fees over a period of 10 years.
That means there is little risk or downside to changing commodity or natural gas prices, as the fees aren't primarily based on price but on the service offered, which is transporting gas from the well head to the pipeline of the company they're doing business with.
Along with Chesapeake Energy (NYSE:CHK), the other major customer of Chesapeake Midstream is Total (NYSE:TOT).
There is a minimum volume agreement in place over a ten-year period, which will increase on an annual basis through 2018.
Chesapeake Midstream is a venture between Global Infrastructure Partners LP and Chesapeake Energy.
UBS and Citigroup were the most upbeat on Chesapeake, starting them off at a "Buy." UBS wasn't as positive on its price target for the company, setting it at $25.50, while Citigroup is looking for $28.50.
Goldman Sachs and Bank of America, via Merrill Lynch, placed a "Neutral" rating on Chesapeake. Goldman has a price target of $25 on them.
Barclays rates the company at "Overweight," with a price target of $26.
Every financial institution liked the way the revenue for the company is structured, based on contracted fees over a period of 10 years.
That means there is little risk or downside to changing commodity or natural gas prices, as the fees aren't primarily based on price but on the service offered, which is transporting gas from the well head to the pipeline of the company they're doing business with.
Along with Chesapeake Energy (NYSE:CHK), the other major customer of Chesapeake Midstream is Total (NYSE:TOT).
There is a minimum volume agreement in place over a ten-year period, which will increase on an annual basis through 2018.
Chesapeake Midstream is a venture between Global Infrastructure Partners LP and Chesapeake Energy.
Tuesday, September 7, 2010
Holly Energy (NYSE:HEP), NuStar Energy (NYSE:NS) Downgraded by Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS)
Energy companies have been receiving a lot of attention lately, and there have been a number of downgrades and upgrades. On the downgrade side, Bank of America (NYSE:BAC) downgraded Holly Energy (NYSE:HEP) while Morgan Stanley (NYSE:MS) downgraded NuStar Energy (NYSE:NS).
Holly was downgraded from "Buy" to "Neutral," and NuStar from "Overweight" to "Equalweight."
NuStar fell to $57.65, dropping $1.46, or 2.47 percent, as of 3:20 PM EDT. Holly Energy was up slightly to $50.72, gaining $0.10, or 0.20 percent at 3:21 PM EDT.
Holly Energy Partners, L.P. runs a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals, and loading rack facilities.
NuStar Energy L.P. operates in the terminalling, storage, and transportation of petroleum products in a number of countries and parts of the world.
Holly was downgraded from "Buy" to "Neutral," and NuStar from "Overweight" to "Equalweight."
NuStar fell to $57.65, dropping $1.46, or 2.47 percent, as of 3:20 PM EDT. Holly Energy was up slightly to $50.72, gaining $0.10, or 0.20 percent at 3:21 PM EDT.
Holly Energy Partners, L.P. runs a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals, and loading rack facilities.
NuStar Energy L.P. operates in the terminalling, storage, and transportation of petroleum products in a number of countries and parts of the world.
Friday, September 3, 2010
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman (NYSE:GS) Underwriting Billions for Petrobras (NYSE:PBR)
In a filing with the U.S. Securities and Exchange Commission, Petrobras (NYSE:PBR) revealed they'll be raising about $60 billion by selling shares of their common and preferred stock. The offering is being underwritten by Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), among others.
Petrobras said they're going to sell up to 2,174,073,900 shares of their common stock, and 1,585,867,998 shares of their preferred stock in the offering.
Based on their September 1 closing price of $35.07 a common share, and $31.12 for each preferred ADS on the same date, the overall potential total of the offering would come to $62,798,491,875.38. That's before underwriter fees, other expenses and taxes.
Existing shareholders will be offered the first 80 percent of the shares on a priority basis.
While bookmaking should start today, pricing should be confirmed on September 23, 2010.
Petrobras said they're going to sell up to 2,174,073,900 shares of their common stock, and 1,585,867,998 shares of their preferred stock in the offering.
Based on their September 1 closing price of $35.07 a common share, and $31.12 for each preferred ADS on the same date, the overall potential total of the offering would come to $62,798,491,875.38. That's before underwriter fees, other expenses and taxes.
Existing shareholders will be offered the first 80 percent of the shares on a priority basis.
While bookmaking should start today, pricing should be confirmed on September 23, 2010.
Subscribe to:
Posts (Atom)
