NRG Energy, Inc. (NRG), Schlumberger (SLB), Sempra Energy (SRE), Crimson Exploration (CXPO), Energen (EGN), Cenovus Energy (CVE), Royal Dutch Shell (RDS-A) and Hess (HES) had ratings and price targets on them adjusted by analysts.
Sterne Agee upgraded Schlumberger (SLB) from a "Neutral" rating to a "Buy" rating. $93.00
RBC Capital upgraded Sempra Energy (SRE) from a "Sector Perform" rating to a "Outperform" rating.
Macquarie upgraded NRG Energy, Inc. (NRG) from a "Neutral" rating to an "Outperform" rating.
MLV & Co initiated coverage on Crimson Exploration (CXPO). They have a "Buy" rating and a price target of $5.50 on the company.
Sterne Agee initiated coverage on Energen (EGN). They have a "Buy" rating and a price target of $60.00 on the company.
CIBC upgraded Cenovus Energy (CVE) from a "Sector Perform" rating to a "Outperform" rating.
Tudor Pickering upgraded Royal Dutch Shell (RDS-A) to a "Buy" rating.
Tudor Pickering upgraded Hess (HES) from a "Buy" rating to an "Accumulate" rating.
Showing posts with label Schlumberger. Show all posts
Showing posts with label Schlumberger. Show all posts
Thursday, April 5, 2012
Tuesday, October 25, 2011
Schlumberger (SLB) (APD) (HON) (AMZN) Price Targets, Ratings
Schlumberger (NYSE: SLB), Air Products & Chemicals, Inc. (NYSE: APD), Honeywell International Inc. (NYSE: HON) and Amazon.com, Inc. (NASDAQ: AMZN) had new ratings reiteration and price targets adjusted by analysts.
Schlumberger (SLB) had its price target lowered by Morgan Keegan to $90.00.
Air Products & Chemicals, Inc. (APD) had its price target lowered by Jefferies (NYSE:JEF) to $101.00.
Honeywell International Inc. (HON) had its price target raised by FBR Capital from $57.00 to $59.00. They have a “Market Perform” rating on the company.
The Benchmark Company reiterated its "Overweight" rating on Amazon.com, Inc. (AMZN).
Schlumberger (SLB) had its price target lowered by Morgan Keegan to $90.00.
Air Products & Chemicals, Inc. (APD) had its price target lowered by Jefferies (NYSE:JEF) to $101.00.
Honeywell International Inc. (HON) had its price target raised by FBR Capital from $57.00 to $59.00. They have a “Market Perform” rating on the company.
The Benchmark Company reiterated its "Overweight" rating on Amazon.com, Inc. (AMZN).
Friday, November 5, 2010
Schlumberger (NYSE:SLB), Brigham Exploration (Nasdaq:BEXP), Oasis Petroleum (NYSE:OAS) Soar on Rising Oil Prices
Schlumberger (NYSE:SLB), Brigham Exploration (Nasdaq:BEXP), Oasis Petroleum (NYSE:OAS) all closed higher Thursday, moving up with the broader commodity sector on news of the quantitative easing about to be implemented by the Federal Reserve which will add about $600 billion to the money supply over the next several months, increasing inflationary pressures.
Commodity prices, including oil prices, responded as expected, moving up across the board, with gold growing to record levels again, closing in on $1,400 and ounce, while silver rose to over $26 an ounce. Aluminum increased to levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80a barrel on the New York Mercantile Exchange at $86.49.
Schlumberger closed at $75.80 Thursday, rising $3.59, or 4.97 percent. Brigham Exploration surged to close at $22.96, gaining $0.96, or 4.36 percent. Oasis Petroleum was up to $23.44 at the end of the trading session, gaining $1.31, or 5.92 percent.
Commodity prices, including oil prices, responded as expected, moving up across the board, with gold growing to record levels again, closing in on $1,400 and ounce, while silver rose to over $26 an ounce. Aluminum increased to levels not seen since April.
Light, sweet crude for December delivery settled the trading session increasing $1.80a barrel on the New York Mercantile Exchange at $86.49.
Schlumberger closed at $75.80 Thursday, rising $3.59, or 4.97 percent. Brigham Exploration surged to close at $22.96, gaining $0.96, or 4.36 percent. Oasis Petroleum was up to $23.44 at the end of the trading session, gaining $1.31, or 5.92 percent.
Tuesday, September 21, 2010
Barclays (NYSE:BCS) Response to 'U.S. Oil Services & Drilling: 2010 CEO Energy Conference'
Barclays (NYSE:BCS) said the companies presenting at the 2010 Barclays Capital CEO Energy Conference were overall positive.
They said, "Presenting companies at the 2010 Barclays Capital CEO Energy Conference were generally optimistic. The international E&P spending recovery has begun and appears poised to accelerate into 2011. North America was most often predicted to flatten. The view on the offshore markets was mixed with optimism expressed for ultra-deepwater and premium jackup demand, while the mid-water and commodity jackup markets are likely to remain under pressure. The outlook on the Gulf of Mexico was clearly one of caution."
Barclays went on to describe what they were looking for in companies and specific companies they liked:
"We continue to emphasize companies with leverage to major secular growth themes in the industry. Our top picks are Weatherford (NYSE:WFT), Schlumberger (NYSE:SLB), Cameron International (NYSE:CAM), National Oilwell Varco (NYSE:NOV), Dresser-Rand Group (NYSE:DRC), SeaDrill Limited (NYSE:SDRL) and Pride International (NYSE:PDE)."
They said, "Presenting companies at the 2010 Barclays Capital CEO Energy Conference were generally optimistic. The international E&P spending recovery has begun and appears poised to accelerate into 2011. North America was most often predicted to flatten. The view on the offshore markets was mixed with optimism expressed for ultra-deepwater and premium jackup demand, while the mid-water and commodity jackup markets are likely to remain under pressure. The outlook on the Gulf of Mexico was clearly one of caution."
Barclays went on to describe what they were looking for in companies and specific companies they liked:
"We continue to emphasize companies with leverage to major secular growth themes in the industry. Our top picks are Weatherford (NYSE:WFT), Schlumberger (NYSE:SLB), Cameron International (NYSE:CAM), National Oilwell Varco (NYSE:NOV), Dresser-Rand Group (NYSE:DRC), SeaDrill Limited (NYSE:SDRL) and Pride International (NYSE:PDE)."
Friday, January 9, 2009
Oil Prices Continue to Drop on Slowing Demand
Crude Oil for February delivery ended the session at $40.83, a decline of 87 cents, or 2.1 percent. Prices fell as low as $39.38 on the New York Mercantile Exchange during the day.
So far the announcements and compliance of OPEC nations in cutting production hasn't been a factor in determining the prices of crude. Demand continues to be the main driver of prices, rather than supply.
Many investors fled the sector Friday, fleeing from energy companies in droves.
Energy sector watchers now think the announcement of oil service behemoth Schlumberger (SLB) that they are going to cut 1,000 jobs in the U.S., along with overseas workers as well, is the beginning of further cuts in the industry. Halliburton (HAL) also said they're going to be laying off workers too.
To add fuel to the fire, Chevron (CVX) issued a warning today that their fourth-quarter results were going to be "significantly lower" than the heady third quarter's results. While that's not a surprise, combining those elements together shook up energy investors today.
This is going to be the wave of the near term, and the companies are going to suffer dramatically in contrast to recent success.
So far the announcements and compliance of OPEC nations in cutting production hasn't been a factor in determining the prices of crude. Demand continues to be the main driver of prices, rather than supply.
Many investors fled the sector Friday, fleeing from energy companies in droves.
Energy sector watchers now think the announcement of oil service behemoth Schlumberger (SLB) that they are going to cut 1,000 jobs in the U.S., along with overseas workers as well, is the beginning of further cuts in the industry. Halliburton (HAL) also said they're going to be laying off workers too.
To add fuel to the fire, Chevron (CVX) issued a warning today that their fourth-quarter results were going to be "significantly lower" than the heady third quarter's results. While that's not a surprise, combining those elements together shook up energy investors today.
This is going to be the wave of the near term, and the companies are going to suffer dramatically in contrast to recent success.
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