Anadarko Petroleum (NYSE: APC), Newfield Exploration Co. (NYSE: NFX), Magellan Midstream (NYSE: MMP), Comstock Resources (NYSE: CRK), Globe Specialty Metals, Inc. (NYSE: GSM), Wynn Resorts, Limited (NASDAQ: WYNN) and Coinstar (NASDAQ: CSTR) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Newfield Exploration Co. (NFX) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $41.00 on the company, down from $44.00.
Magellan Midstream (MMP) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. They have a price target of $65.50 on the company, down from $76.00.
Comstock Resources (CRK) had its “Buy” rating reiterated by Canaccord Genuity.
Globe Specialty Metals, Inc. (GSM) had its price target raised by Auriga from $17.00 to $20.00.
Wynn Resorts, Limited (WYNN) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).
Coinstar (CSTR) had its price target raised by Benchmark Co. from $70.00 to $75.00. They have a “Buy” rating on the company.
Showing posts with label Newfield. Show all posts
Showing posts with label Newfield. Show all posts
Tuesday, February 7, 2012
Monday, October 24, 2011
Newfield (NFX) (ALTR) (BAX) (FSL) (MXIM) (INFA) (ESI) Price Targets Changed
Newfield Exploration Co. (NYSE: NFX), Altera (NASDAQ: ALTR), Baxter International Inc. (NYSE: BAX), Freescale Semi (NYSE: FSL), Maxim Integrated Products Inc. (NASDAQ: MXIM), Informatica Co. (NASDAQ: INFA) and ITT Educational Services Inc. (NYSE: ESI) had price targets on them adjusted by analysts.
Newfield Exploration Co. (NFX) had its price target lowered by Jefferies (NYSE:JEF) to $44.00.
Altera (ALTR) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $29.00.
Baxter International Inc. (BAX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $69.00.
Freescale Semi (FSL) had its price target lowered by JPMorgan Chase & Co. to $16.00.
Maxim Integrated Products Inc. (MXIM) had its price target lowered by Needham & Company to $29.00.
Informatica Co. (INFA) had its price target lowered by Morgan Keegan to $45.00.
ITT Educational Services Inc. (ESI) had its price target lowered by Piper Jaffray to $80.00.
Newfield Exploration Co. (NFX) had its price target lowered by Jefferies (NYSE:JEF) to $44.00.
Altera (ALTR) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $29.00.
Baxter International Inc. (BAX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $69.00.
Freescale Semi (FSL) had its price target lowered by JPMorgan Chase & Co. to $16.00.
Maxim Integrated Products Inc. (MXIM) had its price target lowered by Needham & Company to $29.00.
Informatica Co. (INFA) had its price target lowered by Morgan Keegan to $45.00.
ITT Educational Services Inc. (ESI) had its price target lowered by Piper Jaffray to $80.00.
Monday, October 25, 2010
Newfield Exploration (NYSE:NFX) Maximizing Returns on Asset Base
Newfield Exploration Company (NYSE:NFX) had its "Outperform" rating maintained on them by FBR Capital, citing a deep and diverse asset base.
FBR said, "Recognition of depth and diversity of asset base allowing capital allocation flexibility, and thus maximization of returns, has been well rewarded, allowing the stock to appreciate 18% during the third quarter compared to an average 8% for the peer group. Future absolute and relative outperformance/multiple expansion, successful Alberta Basin Bakken and Eagle Ford drilling and/or evidence of ability to pull forward cash flows faster (further acceleration in Monument Butte, Bakken, or other) than currently modeled is needed."
Newfield closed Friday at $59.11, gaining $0.20, or 0.34 percent. FBR raised the price target on Newfield from $65 to $72.
FBR said, "Recognition of depth and diversity of asset base allowing capital allocation flexibility, and thus maximization of returns, has been well rewarded, allowing the stock to appreciate 18% during the third quarter compared to an average 8% for the peer group. Future absolute and relative outperformance/multiple expansion, successful Alberta Basin Bakken and Eagle Ford drilling and/or evidence of ability to pull forward cash flows faster (further acceleration in Monument Butte, Bakken, or other) than currently modeled is needed."
Newfield closed Friday at $59.11, gaining $0.20, or 0.34 percent. FBR raised the price target on Newfield from $65 to $72.
Friday, October 22, 2010
Newfield Exploration (NYSE:NFX) Keeps "Overweight" from Barclays (NYSE:BCS) on Liquid Gas
Barclays (NYSE:BCS) reiterated its "Overweight" on Newfield Exploration (NYSE:NFX), citing a move toward liquid natural gas.
"Capital is shifting away from dry natural gas toward liquids-rich plays. Investors are eager to hear results (early Q1 announcement likely) in the Eagle Ford shale and the Southern Alberta Basin where Newfield has recently begun drilling operations...We are revising EPS to reflect lower gas prices. Lowering 4Q'10 benchmark gas-price forecast to $3.75/MMBtu and '11E to $4.00/MMBtu. NFX has nearly 70% of expected 2011 gas production hedged at $6.15/MMBtu," Barclays said.
Earnings estimate for full year 2011 was increased on Newfield from from $4.40 to $4.60, but lowered for 2012 from $4.45 to $4.40.
Newfield closed Thursday at $58.91, gaining $0.06, or 0.10 percent. Barclays has a price target of $60 on them.
"Capital is shifting away from dry natural gas toward liquids-rich plays. Investors are eager to hear results (early Q1 announcement likely) in the Eagle Ford shale and the Southern Alberta Basin where Newfield has recently begun drilling operations...We are revising EPS to reflect lower gas prices. Lowering 4Q'10 benchmark gas-price forecast to $3.75/MMBtu and '11E to $4.00/MMBtu. NFX has nearly 70% of expected 2011 gas production hedged at $6.15/MMBtu," Barclays said.
Earnings estimate for full year 2011 was increased on Newfield from from $4.40 to $4.60, but lowered for 2012 from $4.45 to $4.40.
Newfield closed Thursday at $58.91, gaining $0.06, or 0.10 percent. Barclays has a price target of $60 on them.
Wednesday, October 13, 2010
Catalysts for EOG Resources (NYSE:EOG), Anadarko (NYSE:APC), Apache (NYSE:APA) and EnCana (NYSE:ECA)
Potential near-term catalysts in the large cap oil & gas sector concerning results from Anadarko Petroleum's (NYSE:APC), Newfield Exploration (NYSE:NFX), Occidental Petroleum (NYSE:OXY), EnCana (NYSE:ECA), Newfield Exploration (NYSE:NFX), Range Resources (NYSE:RRC), Apache (NYSE:APA) and EOG Resources (NYSE:EOG) have been released by Barclays (NYSE:BCS).
Barclays said, "The Barclays Capital E&P Potential Catalyst Watch highlights potential market-moving events for companies we cover and addresses laterals across the sector. The E&P Potential Catalyst Watch is available on Barclays Capital Live under Tom Driscoll's bookshelf."
Notable potential catalysts: (1) Results from Anadarko Petroleum's exploration wells in Brazil and Mozambique, (2) Results form Newfield Exploration appraisal wells in the Maverick Basin (Eagleford shale) along with 3Q results, (3) 3Q Earnings reports next week: Occidental Petroleum, EnCana, Newfield Exploration, Range Resources ...We recommend oil-oriented Apache and MEG, as well as EOG Resources (our top pick) with its focus on liquids assets and attractive valuation."
Barclays said, "The Barclays Capital E&P Potential Catalyst Watch highlights potential market-moving events for companies we cover and addresses laterals across the sector. The E&P Potential Catalyst Watch is available on Barclays Capital Live under Tom Driscoll's bookshelf."
Notable potential catalysts: (1) Results from Anadarko Petroleum's exploration wells in Brazil and Mozambique, (2) Results form Newfield Exploration appraisal wells in the Maverick Basin (Eagleford shale) along with 3Q results, (3) 3Q Earnings reports next week: Occidental Petroleum, EnCana, Newfield Exploration, Range Resources ...We recommend oil-oriented Apache and MEG, as well as EOG Resources (our top pick) with its focus on liquids assets and attractive valuation."
Friday, May 28, 2010
Citigroup (NYSE:C) On Gulf Lawsuits, Lobbying
While we hear a lot about BP (NYSE:BP) and Transocean (NYSE:RIG) in the Gulf oil crisis, there are a lot of oil companies who could have exposure to the fallout from the oil spill, which could result in some significant pressure in the months ahead, according to a Citigroup (NYSE:C) analyst.
The analyst said, In the Independent Oil & Gas industry, Anadarko (NYSE:APC), Apache (NYSE:APA), Newfield (NYSE:NFX), Nexen (NYSE: NXY) and Noble Energy (NYSE:NBL) have offshore Gulf of Mexico exposure. Of the US integrated oil industry, Chevron (NYSE:CVX) and Marathon (NYSE:MRO) have the highest level of activity taking place in the deep waters of the GOM. ExxonMobil (NYSE:XOM) and Hess (NYSE:HES) have limited exposure. Occidental Petroleum (NYSE:OXY) has zero exposure and is likely to benefit from the current environment."
Ultimately what some consider an over-response from the Obama administration, this could be devastating to the overall U.S. economy at a time when it continues to struggle to recover from the great recession.
The analyst said, In the Independent Oil & Gas industry, Anadarko (NYSE:APC), Apache (NYSE:APA), Newfield (NYSE:NFX), Nexen (NYSE: NXY) and Noble Energy (NYSE:NBL) have offshore Gulf of Mexico exposure. Of the US integrated oil industry, Chevron (NYSE:CVX) and Marathon (NYSE:MRO) have the highest level of activity taking place in the deep waters of the GOM. ExxonMobil (NYSE:XOM) and Hess (NYSE:HES) have limited exposure. Occidental Petroleum (NYSE:OXY) has zero exposure and is likely to benefit from the current environment."
Ultimately what some consider an over-response from the Obama administration, this could be devastating to the overall U.S. economy at a time when it continues to struggle to recover from the great recession.
Subscribe to:
Posts (Atom)
