CMS Energy (CMS), CH Energy Group (CHG), CenterPoint Energy, Inc. (CNP), Seadrill Ltd (SDRL), FirstEnergy Corp. (FE), EnerSys (ENS) and Zynga Inc. (ZNGA) had ratings and price targets on them adjusted by analysts.
Brean Murray downgraded CH Energy Group (CHG) from a "Buy" rating to a "Hold" rating. They have a placed a price target of $69.00 on the company.
RBC Capital downgraded CenterPoint Energy, Inc. (CNP) from an "Outperform" rating to a "Sector Perform" rating.
Bank of America downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Neutral" rating.
Caris & Co. upgraded CMS Energy (CMS) from an "Above Average" rating to an "Average" rating. $23.50
ISI Group upgraded FirstEnergy Corp. (FE) from a "Hold" rating to a "Buy" rating.
Stifel Nicolaus initiated coverage on EnerSys (ENS). They have a "Buy" rating and a price target of $40.00 on the company.
JPMorgan Chase & Co. downgraded Zynga Inc. (ZNGA) from an "Overweight" rating to a "Neutral" rating.
Showing posts with label JPMorgan. Show all posts
Showing posts with label JPMorgan. Show all posts
Monday, March 5, 2012
Tuesday, January 24, 2012
Laredo Petroleum (NYSE: LPI) Ratings, Price Targets
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.
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.
Tuesday, October 26, 2010
JPMorgan (NYSE:JPM) Launches Coverage on Cenovus (NYSE:CVE), Nexen (NYSE:NXY), Talisman (NYSE:TLM), Canadian Natural Resources (NYSE:CNQ) and Suncor (
JPMorgan took aim at companies with strong exposure to the Canadian oil sands in Alberta, with analyst Katherine Minyard initiating coverage on Cenovus Energy (NYSE:CVE), Nexen (NYSE:NXY), Talisman Energy NYSE:TLM), Canadian Natural Resources (NYSE:CNQ), Suncor Energy (NYSE:SU) and Husky Energy (TSE:HSE).
She started off Cenovus Energy, Nexen, and Talisman Energy with "Overweight" ratings. Canadian Natural Resources and Suncor Energy with "Neutral" ratings, and Husky Energy with an "Underweight" rating.
“We believe depth of resource base, production growth visibility and exposure to an increasingly important source of global oil supply make for an attractive value proposition in oil sands-rich Canadian oils,” Minyard said in a note to clients.
Minyard concedes her outlook on the sector is based on the ongoing support underlying oil prices. If they were to drop, the scenario for the above-mentioned companies in the short term could change significantly.
She concluded, “Although our near- and long-term oil price modeling assumptions do not call for prices to differ significantly from the current $81/barrel, significant or sustained weakness in the oil price would likely pressure share prices.”
She started off Cenovus Energy, Nexen, and Talisman Energy with "Overweight" ratings. Canadian Natural Resources and Suncor Energy with "Neutral" ratings, and Husky Energy with an "Underweight" rating.
“We believe depth of resource base, production growth visibility and exposure to an increasingly important source of global oil supply make for an attractive value proposition in oil sands-rich Canadian oils,” Minyard said in a note to clients.
Minyard concedes her outlook on the sector is based on the ongoing support underlying oil prices. If they were to drop, the scenario for the above-mentioned companies in the short term could change significantly.
She concluded, “Although our near- and long-term oil price modeling assumptions do not call for prices to differ significantly from the current $81/barrel, significant or sustained weakness in the oil price would likely pressure share prices.”
Friday, October 15, 2010
Goldman (NYSE:GS), JPMorgan (NYSE:JPM) Raise Oil Price Estimates for 2011
Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) raised their forecasts for oil prices in 2011, with Goldman saying prices in the second half of the year should move significantly higher. JPMorgan sees oil prices moving to $85 a barrel.
Nomura International say oil prices could rise to over $100 a barrel in 2011, basing their assessment on whether or not the Federal Reserve inflates again through quantitative easing.
Knowing it will happen soon, it guarantees oil prices will rise going forward.
The only question remaining for the Federal Reserve to inflate is to what degree. How much will they spend is all that's left to be determined, not if they're going to spend.
If oil does reach or surpass $100 a barrel, it would compensate producers from the weakening of the U.S. dollar. If prices don't reach that high, or remain low, which is possible from slowing demand, it could put even more pressure on the global economy.
Nomura International say oil prices could rise to over $100 a barrel in 2011, basing their assessment on whether or not the Federal Reserve inflates again through quantitative easing.
Knowing it will happen soon, it guarantees oil prices will rise going forward.
The only question remaining for the Federal Reserve to inflate is to what degree. How much will they spend is all that's left to be determined, not if they're going to spend.
If oil does reach or surpass $100 a barrel, it would compensate producers from the weakening of the U.S. dollar. If prices don't reach that high, or remain low, which is possible from slowing demand, it could put even more pressure on the global economy.
Monday, September 27, 2010
JPMorgan (NYSE:JPM) Sees $90 Oil by End of 2010
JPMorgan (NYSE:JPM) said the price of oil by the end of 2010 should reach close to $90 a barrel.
Data perceived as positive for the economy is partly driving the outlook, but probably the weak U.S. dollar is the main catalyst, as the commitment by the Federal Reserve to interfere in the economy if it remains weak a a major driver as well, which is part of the loss of value of the dollar.
One possible thing that could derail the higher price is if consumers continue to hold back on traveling and spending, which could cause demand to go down and inventories to go up, which could push oil prices down to lower levels than expected.
For Friday, in afternoon trade West Texas Intermediate crude for November contracts was up to $76.35 a barrel, gaining $1.17 on the New York Mercantile Exchange.
Data perceived as positive for the economy is partly driving the outlook, but probably the weak U.S. dollar is the main catalyst, as the commitment by the Federal Reserve to interfere in the economy if it remains weak a a major driver as well, which is part of the loss of value of the dollar.
One possible thing that could derail the higher price is if consumers continue to hold back on traveling and spending, which could cause demand to go down and inventories to go up, which could push oil prices down to lower levels than expected.
For Friday, in afternoon trade West Texas Intermediate crude for November contracts was up to $76.35 a barrel, gaining $1.17 on the New York Mercantile Exchange.
Friday, September 24, 2010
Dynegy (NYSE:DYN) Downgraded by JP Morgan (NYSE:JPM)
JP Morgan (NYSE:JPM) downgraded Dynegy (NYSE:DYN) from "Overweight" to "Neutral," while lowering the price target on the company from $10 to $5.
After a 40-day period of seeking an alternative to the bid from The Blackstone Group (NYSE:BX), Dynegy, while receiving some interest, didn't end up with any other bids.
Dynegy stated, “Despite this solicitation of interest, Dynegy did not receive any acquisition proposals.”
They said eight parties gained access to private company information in order to make an informed decision, but they evidently didn't like what they saw.
A shareholder meeting of Dynegy on November 17 is set, where the merger with Blackstone will be approved. The deal should close in near the end of November.
After a 40-day period of seeking an alternative to the bid from The Blackstone Group (NYSE:BX), Dynegy, while receiving some interest, didn't end up with any other bids.
Dynegy stated, “Despite this solicitation of interest, Dynegy did not receive any acquisition proposals.”
They said eight parties gained access to private company information in order to make an informed decision, but they evidently didn't like what they saw.
A shareholder meeting of Dynegy on November 17 is set, where the merger with Blackstone will be approved. The deal should close in near the end of November.
Monday, September 13, 2010
JP Morgan (NYSE:JPM): Enbridge (NYSE:EEP) Halt Could Reduce Oil by 300,000 Barrels a Day
JP Morgan (NYSE:JPM) oil analysts said the continued suspension by Enbridge (NYSE:EEP) of its damaged pipeline could result in close to 300,000 barrels of oil a day less than normal being delivered.
It could also extend longer than normal. JP Morgan said, "Such leaks are not unusual, and in normal circumstances we would expect the line to be up and running in a matter of days, but a rapid restart of the most recently shuttered pipeline is unlikely because of a 'lengthy' environmental review process."
The estimate by JP Morgan includes the provision of alternative routes to transport some of the oil.
Dubbed Line 6A, the pipeline transports crude oil from Canada to refineries in the U.S.
Early in the day Enbridge said they're searching for a variety of ways to deliver the oil until the pipeline is fixed.
The company said, "Enbridge's schedulers are working with shippers to divert crude oil volumes to other available pipelines and storage facilities."
It could also extend longer than normal. JP Morgan said, "Such leaks are not unusual, and in normal circumstances we would expect the line to be up and running in a matter of days, but a rapid restart of the most recently shuttered pipeline is unlikely because of a 'lengthy' environmental review process."
The estimate by JP Morgan includes the provision of alternative routes to transport some of the oil.
Dubbed Line 6A, the pipeline transports crude oil from Canada to refineries in the U.S.
Early in the day Enbridge said they're searching for a variety of ways to deliver the oil until the pipeline is fixed.
The company said, "Enbridge's schedulers are working with shippers to divert crude oil volumes to other available pipelines and storage facilities."
Wednesday, August 11, 2010
Anadarko (NYSE:APC) in $2 Billion Bond Issue
Anadarko Petroleum (NYSE:APC), who is a 25 percent partner in the Macondo oil well with BP (NYSE:BP), issued $2 billion in bonds on Monday. Arranging the sell were JPMorgan (NYSE:JPM) and Barclays Capital (NYSE:BCS).
Anadarko said the capital will be used to refinance existing bank debt, which is at about $1.3 billion.
The energy company will also drop a prior commitment to a $1.5 billion senior secured term loan facility.
The bonds will mature in seven years, with a yield of 6.375 percent, down from the asking price of $6.5 percent.
Moody's (NYSE:MCO) maintains a “Ba1" rating on Anadarko debt, which is considered to be speculative.
Anadarko said the capital will be used to refinance existing bank debt, which is at about $1.3 billion.
The energy company will also drop a prior commitment to a $1.5 billion senior secured term loan facility.
The bonds will mature in seven years, with a yield of 6.375 percent, down from the asking price of $6.5 percent.
Moody's (NYSE:MCO) maintains a “Ba1" rating on Anadarko debt, which is considered to be speculative.
Subscribe to:
Posts (Atom)
