Oasis Petroleum (NYSE:OAS), Inergy (NYSE:NRGY), AutoZone (NYSE:AZO), Motorola Solutions (NYSE:MSI), HollyFrontier (NYSE:HFC) and LG Display (NYSE:LPL) ratings and price targets.
Oasis Petroleum (OAS) was downgraded by Suntrust (NYSE:STI) from a "Buy" rating to a "Neutral" rating.
Inergy (NRGY) was downgraded by Raymond James (NYSE:RJF) from a "Market Perform" rating to an "Underperform" rating.
Goldman upgraded gives AutoZone (AZO) from a "Sell" rating to a "Neutral" rating.
Motorola Solutions (MSI) was upgraded by Argus from a "Hold" rating to a "Buy" rating. They have a price target of $55.00 on the company.
HollyFrontier (HFC) was downgraded by Citigroup (NYSE:C) rom a "Buy" rating to a "Neutral" rating.
LG Display (LPL) was upgraded by Nomura (NYSE:NMR) from a "Neutral" rating to a "Buy" rating.
Showing posts with label Inergy LP. Show all posts
Showing posts with label Inergy LP. Show all posts
Monday, January 30, 2012
Wednesday, January 25, 2012
Inergy Midstream (NRGM) Ratings, Price Targets
Inergy Midstream (NASDAQ: NRGM) ratings and price targets.
Inergy Midstream L (NRGM) is now covered by Robert W. Baird. They placed an “Outperform” rating and a price target of $24.00 on the company.
Inergy Midstream is now covered by analysts at Bank of America (NYSE:BAC). They placed a “Buy” rating on the company.
Inergy Midstream is now covered by Morgan Stanley (NYSE:MS). They placed an “Equalweight” rating on the company.
Inergy Midstream is now covered by Wells Fargo & Co. (NYSE:WFC). They placed an “Outperform” rating on the company.
Inergy Midstream is now covered by Stifel Nicolaus. They placed a “Buy” rating and a price target of $21.00 on the company.
Inergy Midstream is now covered by Barclays Capital (NYSE:BCS). They placed an “Overweight” rating on the company.
Inergy (NASDAQ: NRGY) is now covered by Barclays Capital. They placed an “Equal Weight” rating on the company.
Inergy (NRGY) is now covered by Bank of America. They placed a “Neutral” rating on the company.
Inergy (NRGY) is now covered by Morgan Stanley (NYSE:MS). They placed an “Equalweight” rating on the company.
Inergy Midstream L (NRGM) is now covered by Robert W. Baird. They placed an “Outperform” rating and a price target of $24.00 on the company.
Inergy Midstream is now covered by analysts at Bank of America (NYSE:BAC). They placed a “Buy” rating on the company.
Inergy Midstream is now covered by Morgan Stanley (NYSE:MS). They placed an “Equalweight” rating on the company.
Inergy Midstream is now covered by Wells Fargo & Co. (NYSE:WFC). They placed an “Outperform” rating on the company.
Inergy Midstream is now covered by Stifel Nicolaus. They placed a “Buy” rating and a price target of $21.00 on the company.
Inergy Midstream is now covered by Barclays Capital (NYSE:BCS). They placed an “Overweight” rating on the company.
Inergy (NASDAQ: NRGY) is now covered by Barclays Capital. They placed an “Equal Weight” rating on the company.
Inergy (NRGY) is now covered by Bank of America. They placed a “Neutral” rating on the company.
Inergy (NRGY) is now covered by Morgan Stanley (NYSE:MS). They placed an “Equalweight” rating on the company.
Friday, October 15, 2010
Wells Fargo (NYSE:WFC) on AmeriGas (NYSE:APU), Ferrellgas (NYSE:FGP), Suburban (NYSE:SPH) and Inergy, L.P. (Nasdaq:NRGY)
Although Wells Fargo (NYSE:WFC) likes the Propane MLPs sector in general, like other MLPs subsectors, companies like AmeriGas Partners (NYSE:APU), Ferrellgas Partners (NYSE:FGP), Suburban Propane Partners, L.P. (NYSE:SPH) and Inergy, L.P. (Nasdaq:NRGY) are mixed in their outlook.
Wells said, "We are increasing valuation range for APU to $39 to $41 from $36 to $38 and adjusting our DCF estimates for AmeriGas Partners and Ferrellgas Partners. We are downgrading Suburban Propane Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Inergy, L.P."
AmeriGas Partners closed Thursday at $46.10, losing $0.04, or 0.09 percent. Ferrellgas Partners ended up at $25.97, gaining $0.09, or 0.35 percent. Suburban Propane Partners closed down to $55.72, falling $0.77, or 1.36 percent. Favorite Inergy closed up at $41.37, gaining $0.17, or 0.41 percent.
Wells said, "We are increasing valuation range for APU to $39 to $41 from $36 to $38 and adjusting our DCF estimates for AmeriGas Partners and Ferrellgas Partners. We are downgrading Suburban Propane Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Inergy, L.P."
AmeriGas Partners closed Thursday at $46.10, losing $0.04, or 0.09 percent. Ferrellgas Partners ended up at $25.97, gaining $0.09, or 0.35 percent. Suburban Propane Partners closed down to $55.72, falling $0.77, or 1.36 percent. Favorite Inergy closed up at $41.37, gaining $0.17, or 0.41 percent.
Friday, October 8, 2010
Citigroup (NYSE:C) Raises Inergy, LP's (NYSE:NRGY) Price Target, Maintain "Hold"
Citigroup (NYSE:C) said in a note to clients that they're raising the price target on propane distributor and retailer Inergy, LP (NYSE:NRGY), while maintaining a "Hold" on them.
The financial giant is also raising "...2011 EBITDA estimate by -14% to $432.4 million and our EPU estimate to $1.14 ($1.08 previously). Despite a significant increase in our 2011 cash flow expectations, distribution coverage remains below 1.0x as we account for PIK units as part of the total number of units outstanding. As a result, we expect distributions to remain flat over the next 12-months.
"While we view NRGY's growing Midstream segment as positive long-term, we are cautious on natural gas storage margins near-term. We also note that beyond 2011 nearly all of the partnership's growth projects are natural gas storage expansions that potentially could get delayed if storage margins remain weak. As a result, we are maintaining our Hold... rating on NRGY, but are slightly increasing our target price to $40.50 to reflect the acquisition."
Inergy dropped to $40.67, falling $0.13, or 0.32 percent as of 2:01 PM EDT.
The financial giant is also raising "...2011 EBITDA estimate by -14% to $432.4 million and our EPU estimate to $1.14 ($1.08 previously). Despite a significant increase in our 2011 cash flow expectations, distribution coverage remains below 1.0x as we account for PIK units as part of the total number of units outstanding. As a result, we expect distributions to remain flat over the next 12-months.
"While we view NRGY's growing Midstream segment as positive long-term, we are cautious on natural gas storage margins near-term. We also note that beyond 2011 nearly all of the partnership's growth projects are natural gas storage expansions that potentially could get delayed if storage margins remain weak. As a result, we are maintaining our Hold... rating on NRGY, but are slightly increasing our target price to $40.50 to reflect the acquisition."
Inergy dropped to $40.67, falling $0.13, or 0.32 percent as of 2:01 PM EDT.
Monday, September 13, 2010
Barclays (NYSE:BCS) Maintains "Overweight" on Inergy L.P (Nasdaq:NRGY)
Barclays (NYSE:BCS) said they're maintaining their "Overweight" rating on Inergy L.P (Nasdaq:NRGY), saying the acquisition of Tres Palacios gas storage will significantly add to their working gas capacity.
"Purchase of Tres Palacios gas storage will double NRGY's position in the business increasing working gas capacity from 39.7 bcf to 78.1 bcf. Pro forma expectation is storage will represent 50% of EBITDA in FY 2012. Markham salt dome has significant expansion opportunity. Near term NRGY will have to contract the 3rd cavern which is just coming into service in a relatively soft market," said Barclays analyst.
Estimates for earnings per share for the full year were upped from $0.10 to $0.18 for 2010, and from $1.59 to $1.84 for the full year 2011.
"Purchase of Tres Palacios gas storage will double NRGY's position in the business increasing working gas capacity from 39.7 bcf to 78.1 bcf. Pro forma expectation is storage will represent 50% of EBITDA in FY 2012. Markham salt dome has significant expansion opportunity. Near term NRGY will have to contract the 3rd cavern which is just coming into service in a relatively soft market," said Barclays analyst.
Estimates for earnings per share for the full year were upped from $0.10 to $0.18 for 2010, and from $1.59 to $1.84 for the full year 2011.
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