Latest news for Koninklijke Vopak (OTC:VOPKY) Stock

KONINKLIJKE VPAK ADR

Koninklijke Vopak NV is a tank storage provider for the oil and chemical industry. The company provides storage facilities and handling services for bulk liquid products and gases, including oil, chemicals, gases, liquefied natural gas, and biofuels. The company organizes itself into six segments, which are principally based on geography: Asia & Middle East, China & North Asia, Netherlands, Singapore, USA & Canada and All other Business Units (consisting of business units Brazil, North Latin America, South Africa and Belgium). The Netherlands contributes the maximum portion of revenue.

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VOPKY

Royal Vopak (OTC: VOPKY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

Royal Vopak Upgraded to Buy: What Does It Mean for the Stock?

KONINKLIJKE VOPAK UNS/ADR by Koninklijke Vopak NV

Koninklijke Vopak NV

The energy market is well-positioned for considerable expansion, propelled by robust demand, extended production cuts, and ongoing geopolitical conflicts fueling a rise in oil prices. Given this backdrop, quality energy stocks Weatherford International plc (WFRD), Sasol (SSL), and Koninklijke Vopak N.V. (VOPKY) could be solid buys to spark growth in your portfolio now. Read on… Amid an uptick in oil deals, coupled with escalating oil and gas prices, the energy sector is poised to remain resilient. Therefore, it could be prudent to invest in fundamentally robust energy stocks Weatherford International plc (<a href="https://stocknews.com/stock/WFRD/">WFRD</a>), Sasol Limited (<a href="https://stocknews.com/stock/SSL/">SSL</a>), and Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>) for growth.
The demand for oil and gas is predicted to persist in the long term, driven by burgeoning energy requirements, a growing population, and swift industrial expansion. Recent geopolitical strife in the Middle East and maritime hostilities perpetrated by the Iran-aligned Houthi faction on Red Sea shipping operations have lent further support to current oil prices.
Investor sentiment toward the oil and gas price outlook is <a href="https://www.reuters.com/markets/commodities/oil-prices-rise-funds-scale-back-bearish-positions-kemp-2024-03-04/">less bearish now</a>. This shift occurred as U.S. shale producers implemented scaled-back drilling activity, while Saudi Arabia and its OPEC+ allies extended their output cut measures for a further quarter. The cumulative impact of these actions underpins the anticipated strength and stability of oil and gas markets moving forward.
The Energy Information Administration estimates that Brent crude oil price will average <a href="https://www.eia.gov/outlooks/steo/report/BTL/2024/01-brentprice/article.php">$82 per barrel (b) in 2024</a> and $79/b in 2025. The escalating tensions in the Red Sea shall exceed the current potential for prices.
Grant Thornton's 2024 energy outlook suggests that midstream companies are well-positioned for success. The oil and gas companies are expected to <a href="https://www.grantthornton.com/insights/articles/energy/2024/energy-in-2024-strong-outlook-in-many-sectors">reinvest profits</a> to enable even stronger future returns by accessing new sources of capital.
Furthermore, the U.S. energy sector went on a $250-billion buying spree in 2023, and more transactions are expected in 2024, which could positively affect the energy industry. Experts anticipate <a href="https://www.reuters.com/default/more-us-energy-deals-likely-2024-wave-consolidation-2024-01-24/">more oil deals</a> worth $50 billion or higher popping up in the next two years.
Considering these conducive trends, let's take a look at the fundamentals of the three Energy stocks.
Weatherford International plc (<a href="https://stocknews.com/stock/WFRD/">WFRD</a>)
WFRD provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.
On November 7, 2023, WFRD entered into a memorandum of understanding (MOU) with Honeywell to combine its CygNet&#x2122; SCADA platform and Honeywell's Emissions Management suite. CygNet&#x2122; SCADA is widely recognized for its real-time data processing capabilities in the energy sector, facilitating operational decisions. Meanwhile, Honeywell's Emissions Management suite provides outcome-driven solutions for emissions measurement, monitoring, and reduction.
This partnership aims to provide customers with advanced emissions management tools to accelerate their decarbonization strategies. By integrating these systems, users will gain immediate access to vital data, enabling swift risk mitigation and enhancing operational efficiency in achieving decarbonization goals.
WFRD's trailing-12-month asset turnover ratio of 1.05x is 97.4% higher than the industry average of 0.53x, while its trailing-12-month cash per share of $13.31 is significantly higher than the industry average of $0.98.
Over the past three and five years, its EBITDA grew at CAGRs of 35.7% and 9.6%, respectively, while its revenue grew at an 11.7% CAGR over the past three years.
For the fiscal fourth quarter that ended December 31, 2023, WFRD's total revenues and operating income stood at $1.36 billion and $216 million, up 12.7% and 27.8% year-over-year, respectively. Moreover, its adjusted <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> increased 84.2% from the prior-year quarter to $315 million.
For the same quarter, its net income attributable to WFRD and income per share stood at $140 million and $1.90, up 94.4% and 91.9% from the year-ago quarter, respectively.
Street expects WFRD's revenue and EPS for the fiscal first quarter ending March 2024 to increase 11.6% and 51.9% year-over-year to $1.32 billion and $1.47, respectively. The company surpassed consensus revenue estimates in each of the trailing four quarters and consensus EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 66.8% over the past nine months to close the last trading session at $105.44. Over the past year, it has gained 52.9%.
WFRD's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #8 out of 84 stocks.
To see additional POWR Ratings for Value, Momentum, Stability, and Sentiment for WFRD, <a href="https://stocknews.com/stock/WFRD/">click here</a>.
Sasol Limited (<a href="https://stocknews.com/stock/SSL/">SSL</a>)
Headquartered in Johannesburg, South Africa, SSL operates as an integrated chemical and energy company. Its segments include Advanced Materials; Base Chemicals; Essential Care Chemicals; and Performance Solutions. 
SSL's board of directors declared an interim gross cash dividend of SA 200 cents per share for the six months that ended December 31, 2023. The dividend is payable on the ordinary shares and the Sasol BEE ordinary shares on March 18. It pays an annual dividend of $0.63 per share, which translates to a dividend yield of 8.27% on the current share price. Its four-year average yield is 2.96%.
SSL's trailing-12-month cash from operations of $1.85 billion is 317.1% higher than the industry average of $443.55 million. Its trailing-12-month gross profit and EBIT margins of 42.90% and 16.12% are 50.7% and 44.7% higher than the industry averages of 28.46% and 11.14%, respectively.
Over the past three and five years, its revenue grew at CAGRs of 14.7% and 7.1%, respectively, while its EBITDA grew at 17.6% and 4.8% CAGRs over the same periods.
For the six months that ended December 31, 2023, SSL's turnover and operating profit before remeasurement items stood at R136.29 billion ($7.17 billion) and R21.70 billion ($1.14 billion), respectively.
For the same period, earnings for the period attributable to owners of SSL and earnings per share stood at R9.58 billion ($503.96 million) and R13.58, respectively. As of December 31, 2023, SSL's current assets amounted to R126.80 billion ($6.67 billion), compared to R123.90 billion ($6.52 billion) as of December 31, 2022.
Street expects SSL's revenue and EPS for the fiscal year ending June 2024 to be $14.55 billion and $2.39, respectively.
The stock has declined marginally intraday to close the last trading session at $7.58.
SSL's robust prospects are reflected in its POWR Ratings. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system.
SSL has a B grade for Growth, Value, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry, it is ranked #8 out of 42 stocks.
Beyond what we've stated above, we have also rated the stock for Stability and Sentiment. Get all ratings of SSL <a href="https://stocknews.com/stock/SSL/">here</a>.
Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>)
Headquartered in Rotterdam, the Netherlands, VOPKY stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide. The company operates LPG and chemical gas, industrial, chemical, and oil terminals and owns and operates specialized facilities consisting of tanks, jetties, truck loading stations, and pipelines.
On February 26, VOPKY successfully commissioned 40,000 cubic meters of capacity at its Sebarok terminal for blending biofuels into marine fuels. The existing pipeline system was also converted to a dedicated biofuel blending service.
The new capacity is underpinned by customer commitment. VOPKY's Sebarok terminal is located close to Singapore's eastern anchorage, where a large part of bunkering activity takes place.  
VOPKY announced that a dividend of €1.50 per ordinary share, payable in cash, will be proposed at the Annual General Meeting on April 24. This represents a 15% increase compared to 2022. It pays an annual dividend of $1.43 per share, which translates to a dividend yield of 3.84% on the current share price.
Its four-year average yield is 3.77%. VOPKY's dividend payments have grown at CAGRs of 4.4% and 2.3% over the past three and five years, respectively.
On February 14, VOPKY announced the start of a share buyback program to return up to €300 million ($325.58 million) to shareholders. The share buyback program will run until the end of 2024. 
VOPKY's trailing-12-month CAPEX/Sales of 28.05% is 88.2% higher than the industry average of 14.90%. Its trailing-12-month gross profit and net income margins of 95.67% and 31.67% are 106.3% and 130.1% higher than the industry averages of 46.38% and 13.76%, respectively.
Over the past three and five years, its net income grew at CAGRs of 15.7% and 12.4%, respectively, while its diluted EPS grew at 15.9% and 12.7% CAGRs over the same periods.
For the fiscal fourth quarter that ended December 31, 2023, VOPKY's revenues and EBIT stood at €352.80 million ($382.88 million) and €150.20 million ($163 million), respectively.
For the same quarter, its net profit attributable to holders of ordinary shares and earnings per ordinary share increased 23.2% and 22.5% from the year-ago quarter to €109 million ($118.29 million) and €0.87, respectively.
Street expects VOPKY's revenue for the fiscal year ending December 2024 to be $1.42 billion. The company surpassed consensus revenue estimates in three of the trailing four quarters.
The stock has gained 17.8% over the past month to close the last trading session at $37.28. Over the past year, it has gained 14.8%.
VOPKY's POWR Ratings reflect its positive prospects. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system.
VOPKY has a B grade for Momentum, Stability, and Quality. Within the Foreign Oil &amp; Gas industry, it is ranked #7.
<a href="https://stocknews.com/stock/VOPKY/">Click here</a> for the additional POWR Ratings for VOPKY (Growth, Value, and Sentiment).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
WFRD shares were unchanged in premarket trading Wednesday. Year-to-date, WFRD has gained 7.78%, versus a 6.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/wfrd-ssl-vopky-spark-growth-in-your-portfolio-with-these-3-energy-stocks/>Spark Growth in Your Portfolio With These 3 Energy Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Spark Growth in Your Portfolio With These 3 Energy Stocks

The energy sector is expected to grow significantly due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. Therefore, fundamentally strong energy stocks Enterprise Products Partners (EPD), Koninklijke Vopak (VOPKY), and VAALCO Energy (EGY) could be worth adding to your portfolio. Read on... The energy sector's outlook appears optimistic, with crude oil prices predicted to rise amid inadequate supply, stable demand, and ongoing geopolitical strife in the Middle East. The energy sector's growth is being driven by a move toward renewable energy sources and technical improvements, which are likely to encourage additional investment and innovation.
Given the industry's bright prospects, investors could consider buying fundamentally strong energy stocks such as Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>), and VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>). Before diving deeper into the fundamentals of these stocks, let's understand what's shaping the energy sector prospects.
Oil prices have been rising due to increased tensions in the Middle East as the war in Gaza wages on. Meanwhile, Iran has threatened retaliation against Israel over the destruction of its consulate in Syria, helping keep crude prices near six-month highs.
Concerns over the conflict spreading to other countries in the region and OPEC+'s decision to stick with <a href="https://www.reuters.com/business/energy/opec-ministers-keep-oil-output-policy-steady-sources-say-2024-04-03/">oil supply cuts</a> through the first half of the year could hinder global output, thereby keeping oil prices higher. Moreover, Mexico's crude export cuts by at least <a href="https://www.reuters.com/business/energy/mexico-cut-least-330000-bpd-crude-exports-may-sources-say-2024-04-08/">330,000 barrels per day (bpd)</a> in May and Ukraine's <a href="https://www.cnbc.com/2024/03/25/oil-prices-rise-as-ukraine-strikes-russian-refineries.html">recent attacks</a> on Russian oil refineries have raised worries about a potential supply squeeze.
OPEC has predicted robust fuel use in the summer months and maintained its forecast for relatively strong growth in global oil demand in 2024. In its monthly report, OPEC predicted that global oil demand will increase by <a href="https://www.reuters.com/business/energy/opec-sees-robust-summer-oil-demand-economic-upside-potential-2024-04-11/">2.25 million barrels per day (bpd) in 2024</a> and by 1.85 million bpd in 2025.
The global oil and gas industry is expected to reach $65.80 billion by 2032, growing at a <a href="https://www.imarcgroup.com/oil-gas-market">CAGR of 15.8%</a>. Rising global energy demand and technological advancements, particularly in emerging markets, are expected to propel the industry forward. Investors' interest in energy stocks is evident from the Energy Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLE/">XLE</a>) 19.5% returns over the past three months.
In light of these encouraging trends, let's look at the fundamentals of the featured energy stocks.
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD offers midstream energy services worldwide, including natural gas processing, NGL fractionation, crude oil transportation, and petrochemical marketing. With extensive pipeline networks and storage facilities, the company serves producers and consumers across various energy sectors.
On February 22, 2024, EPD announced that its affiliate had signed a definitive agreement to purchase member interests in Panola Pipeline Company, LLC from an affiliate of Western Midstream Partners, LP.
The acquisition of Panola Pipeline Company, LLC, will expand EPD's footprint in the Permian Basin region, enhancing its ability to transport and store crude oil and natural gas liquids. This strategic move aligns with EPD's goal of increasing its presence in key energy markets.
On February 21, 2024, EPD announced that certain of its affiliates acquired interests in Whitethorn Pipeline Company LLC and Enterprise EF78 LLC from Western Midstream Partners, LP.
These acquisitions will expand EPD's footprint in the Permian Basin and strengthen its position as a leading midstream provider in the region. The transactions are expected to enhance EPD's ability to provide integrated midstream services to customers in the area.
EPD's trailing-12-month Return on Common Equity of 20.18% is 13.9% higher than the industry average of 17.72%. Likewise, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> of 7.79% is 16.7% higher than the industry average of 6.68%. Additionally, its 0.71x trailing-12-month asset turnover ratio is 37.6% higher than the industry average of 0.52x.
In the fourth quarter, which ended December 31, 2023, EPD's revenues increased 7.1% year-over-year to $14.62 billion. The company's net income and adjusted EBITDA grew 12.8% and 5.2% from the prior-year quarter to $1.60 billion and $2.50 billion, respectively. Its adjusted cash flow from operations rose 5.6% from the previous-year quarter to $2.22 billion.
Street expects EPD's EPS and revenue for the quarter ended March 31, 2024, to increase 4.9% and 11.2% year-over-year to $0.67 and $13.84 billion, respectively. Over the past nine months, EPD's shares have gained 10.4% to close the last trading session at $29.22.
EPD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
EPD has an A grade for Sentiment and a B for Growth, Value, Momentum, and Stability. Within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry, it is ranked #5 out of 24 stocks. To see EPD's rating for Quality, <a href="https://stocknews.com/stock/EPD/">click here</a>.
Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>)
Headquartered in Rotterdam, the Netherlands, VOPKY stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide. The company operates LPG and chemical gas, industrial, chemical, and oil terminals and owns and operates specialized facilities consisting of tanks, jetties, truck loading stations, and pipelines.
VOPKY's trailing-12-month gross profit margin of 95.67% is 105.6% higher than the industry average of 46.53%. Its trailing-12-month net income margin of 31.67% is 141.2% higher than the industry average of 13.13%. Additionally, its 9.50% trailing-12-month levered FCF margin is 42% higher than the 6.69% industry average.
For the fiscal fourth quarter that ended December 31, 2023, VOPKY's revenues and EBIT stood at €352.80 million ($382.88 million) and €150.20 million ($163 million), respectively.
For the same quarter, its net profit attributable to holders of ordinary shares and earnings per ordinary share increased 23.2% and 22.5% from the year-ago quarter to €109 million ($118.29 million) and €0.87, respectively.
For the fiscal year ending December 31, 2025, VOPKY's revenue is expected to increase 2.8% year-over-year to $1.47 billion. Over the past three months, the stock has gained 21.1% to close the last trading session at $39.99.
VOPKY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It is ranked #6 out of 40 stocks in the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry. It has a B grade for Momentum, Stability, and Quality. <a href="https://stocknews.com/stock/VOPKY/">Click here</a> to see VOPKY's additional ratings for Growth, Value, and Sentiment.
VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>)
EGY is an independent energy company with interests in Gabon, Egypt, Equatorial Guinea, and Canada, focusing on oil and gas exploration, development, and production. Its assets include offshore blocks in Gabon, concessions in Egypt, undeveloped acreage in Equatorial Guinea, and production and working interests in Alberta, Canada.
On March 25, 2024, EGY announced the completion of agreements and gained government approval for the Joint Operating Agreement concerning the Venus-Block P Plan of Development in Equatorial Guinea.
EGY reached a significant milestone in its development plans, including the Front-End Engineering Design study, which has expanded its operational portfolio and solidified its position in Equatorial Guinea's energy sector.
EGY's trailing-12-month Return on Total Capital of 17.66% is 114.4% higher than the industry average of 8.23%. Its trailing-12-month EBIT margin of 34.92% is 56.4% higher than the industry average of 22.33%. Additionally, its 29.77% trailing-12-month levered FCF margin is 345.2% higher than the 6.69% industry average.
EGY's revenues for the fourth quarter, which ended December 31, 2023, increased 54.4% year-over-year to $149.15 million. The company's adjusted income rose 102.9% and 94.7% from the previous year's quarter to $38.99 million and $0.37 per share, respectively. Also, its adjusted EBITDA grew 92.5% year-over-year to $95.88 million.
Analysts expect EGY's revenue and EPS for the quarter ended March 31, 2024, to grow 41.4% and 257.1% year-over-year to $113.70 million and $0.25, respectively. Shares of EGY have gained 77.9% over the past nine months to close the last trading session at $7.15.
It's no surprise that EGY has an overall B rating, equating to a Buy in our POWR Ratings system.
It has a B grade for Growth, Value, Sentiment, and Quality. It is ranked #3 out of 83 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry. Beyond what is stated above, we've also rated EGY for Momentum and Stability. Get all EGY ratings <a href="https://stocknews.com/stock/EGY/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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EPD shares were trading at $29.37 per share on Friday morning, up $0.15 (+0.51%). Year-to-date, EPD has gained 13.59%, versus a 8.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/epd-vopky-egy-3-energy-stocks-poised-for-profits-in-april/>3 Energy Stocks Poised for Profits in April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks Poised for Profits in April

Koninklijke Vopak N.V. (VOPKF) Q1 2024 Earnings Call Transcript

Koninklijke Vopak N.V. goes ex dividend tomorrow

Limited oil supply aggravated by geopolitical tensions and solid energy consumption could push oil prices higher, creating significant tailwinds for the energy sector. Thus, energy stocks Energy Transfer (ET), Koninklijke Vopak (VOPKY), and Forum Energy (FET) could be ideal buys in May. These stocks are rated B (Buy) in our proprietary rating system. Read on... The energy sector is experiencing continued robust demand for oil and natural gas and supply disruptions amid voluntary cuts by OPEC+ members and Mexico and rising geopolitical tensions, particularly in the Middle East, leading to higher oil prices.
Given the industry tailwinds, it could be wise to buy fundamentally sound energy stocks Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>), and Forum Energy Technologies, Inc. (<a href="https://stocknews.com/stock/FET/">FET</a>) for potential returns in May. These stocks are rated B (Buy) in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system.
According to the U.S. Energy Information Administration (EIA), <a href="https://www.eia.gov/outlooks/steo/">global oil consumption</a> for 2024 and 2025 will be between 0.4 million b/d and 0.5 million b/d in both years. In addition, the agency expects residential electricity consumption to increase by around 4% this year compared to 2023, driven by hotter summer temperatures.
Meanwhile, EIA forecasts Brent crude oil spot price to average $90 per barrel (b) in the second quarter of 2024, $2/b higher than its March STEO and an average of $89/b this year.
The World Bank also warned that the outbreak of a major conflict in the Middle East could trigger an energy shock, pushing <a href="https://www.cnbc.com/2024/04/25/middle-east-escalation-could-trigger-energy-shock-that-fuels-inflation-world-bank-warns.html">oil prices above $100 per barrel</a>. Tensions in the Middle East heightened last month as Israel and OPEC member Iran appeared on the brink of war.
OPEC+ members <a href="https://www.reuters.com/business/energy/some-opec-members-agree-extend-voluntary-cuts-q2-sources-2024-03-03/">extended voluntary oil output cuts of 2.2 million bpd</a> to the second quarter. Besides, <a href="https://www.reuters.com/business/energy/mexico-cut-least-330000-bpd-crude-exports-may-sources-say-2024-04-08/">Mexico's state energy company</a>, Pemex, planned to cut at least 330,000 bpd of crude exports in May to supply more to its domestic refineries for energy self-sufficiency.
The recent production cuts and geopolitical tensions are raising concerns over supply constraints. Amid this, <a href="https://www.iea.org/reports/oil-market-report-april-2024">non-OPEC+, led by the U.S</a>., is expected to drive world supply growth through 2025. In 2024, global output is forecasted to surge by 770 kb/d to 102.9 mb/d, and non-OPEC+ production will expand by 1.6 mb/d. Also, next year, global growth will likely rise by 1.6 mb/d.
The global energy as a service (EaaS) market is expected to grow to $208.20 million by 2032, exhibiting a <a href="https://www.fortunebusinessinsights.com/industry-reports/energy-as-a-service-market-101204">CAGR of 11.8%</a> during the forecast period (2024-2032). Increasing investments in energy efficiency, innovative business models, personalized services, and rapid industrialization will drive market growth.
Given the industry's robust outlook, investing in quality energy stocks such as ET, VOPKY, and FET could be wise for future gains.
Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. It owns and operates a natural gas transportation pipeline, natural gas storage facilities, and nearly 20,090 miles of interstate natural gas pipeline. The company also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
On April 24, ET announced an increase in its quarterly cash distribution to $0.3175 per common unit for the first quarter ended March 31, 2024. This cash distribution reflects an increase of 3.3% compared to the first quarter of 2023 and will be paid on May 20, 2024, to unitholders of record as of the close of business on May 13, 2024.
ET pays an annual distribution of $1.27 per unit, which translates to a yield of 8.07% on the current share price. Its four-year average dividend yield is 9.73%. The company's dividend payouts have grown at a CAGR of 10.8% over the past three years.
ET's revenues increased marginally year-over-year to $20.53 billion during the fourth quarter that ended December 31, 2023. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 19.9% from the year-ago value to $2.16 billion. Net income attributable to partners came in at $1.33 billion and $0.37 per common unit, up 14.9% and 8.8% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 4.8% year-over-year to $3.60 billion. And its distributable cash flow rose 4.4% from the year-ago value to $2.45 billion.
Analysts expect ET's revenue for the first quarter (ended March 2024) to increase 14.2% year-over-year to $10.76 billion, and its EPS for the same quarter is expected to grow 40.9% year-over-year to $0.37. For the fiscal year 2024, the company's revenue and EPS are expected to grow 5.8% and 23.4% year-over-year to $41.03 billion and $1.97, respectively.
Shares of ET have surged 11% over the past month and 32.9% over the past year to close the last trading session at $15.48.
ET's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ET has an A grade for Momentum and a B for Growth, Stability, and Value. It is ranked #9 out of 82 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of ET for Quality and Sentiment. Get all ET ratings <a href="https://stocknews.com/stock/ET/">here</a>.
Koninklijke Vopak N.V. (<a href="https://stocknews.com/stock/VOPKY/">VOPKY</a>)
Headquartered in Rotterdam, Netherlands, VOPKY is an independent tank storage company that stores and handles liquid chemicals, gases, and oil products for the energy and manufacturing markets worldwide. It operates LPG and chemical gas, industrial, chemical, and oil terminals and owns and operates specialized facilities.
On March 10, 2024, VOPKY and Air Liquide signed a Memorandum of Understanding (MoU) to collaborate on the development and operation of infrastructure for ammonia import, cracking, and hydrogen distribution in Singapore.
The collaboration between the companies aims to support Singapore's National Hydrogen Strategy to establish low-carbon hydrogen supply chains, accelerating the adoption and commercialization of industrial ammonia cracking in Singapore.
On November 21, 2023, VOPKY and IHI Corporation signed an MoU to jointly explore the development and operation of efficient, high-value-added ammonia terminals in Japan. The partnership is aimed at large-scale ammonia storage terminals strategically positioned for the economical distribution of ammonia.
During the first quarter that ended March 31, 2024, VOPKY reported revenues of €328.20 million ($350.42 million). Net profit attributable to holders of ordinary shares and EPS came in at €105.80 million ($112.97 million) and €0.87, up 2.6% and 3.6% year-over-year, respectively.
Also, the company's EBITDA for the quarter was €235 million ($250.92 million). The company's cash flows from operating activities increased 22.8% year-over-year to €278.80 million ($297.68 million).
Street expects VOPKY's revenue for the fiscal year (ending December 2025) to increase 2.6% year-over-year to $1.42 billion. Furthermore, the company surpassed the consensus revenue estimates in three of the trailing four quarters.
Over the past month, VOPKY's stock has gained 2.7% and 18% over the past six months to close the last trading session at $39.54.
VOPKY's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Momentum. It also has a B grade for Growth, Stability, and Quality. Within the <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign – Oil &amp; Gas</a> industry, VOPKY is ranked #6 of 41 stocks.
<a href="https://stocknews.com/stock/VOPKY/">Click here</a> to access additional ratings of VOPKY for Sentiment and Value.
Forum Energy Technologies, Inc. (<a href="https://stocknews.com/stock/FET/">FET</a>)
FET designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries internationally. It operates through three segments: Drilling &amp; Downhole; Completions; and Production. The company designs, manufactures, and supplies products and services for drilling, well construction, and artificial lift.
On January 5, FET acquired Variperm Energy Services, a leading manufacturer of customized downhole technology solutions providing sand and flow control products for heavy oil applications. The total consideration relative to the acquisition consists of $150 million of cash and 2 million shares of FET's common stock.
The strategic acquisition aligns well with FET's operations and will benefit both legacy FET and Variperm products. It enhances the company's downhole and artificial lift product portfolio.
For the fiscal year that ended December 31, 2023, FET's revenue increased 5.6% year-over-year to $738.90 million. Its gross profit grew 8.3% from the prior year to $204.20 million. The company's adjusted operating income of $27.20 million indicates growth of 57.2% year-over-year.
In addition, the company's adjusted EBITDA increased 14.3% from the previous year to $67.10 million. Its total current assets stood at $529.60 million as of December 31, 2023, compared to $512.90 million as of December 31, 2022.
Analysts expect FET's revenue and EPS for the fiscal year 2025 to increase 5.4% and 92.3% year-over-year to $922.35 million and $2.14, respectively. Moreover, FET's stock has plunged 7% over the past month to close the last trading session at $18.48.
FET's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
FET has a B grade for Sentiment, Momentum, Stability, and Growth. The stock is ranked #11 among 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry.
To access FET's other ratings, <a href="https://stocknews.com/stock/FET/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ET shares were trading at $15.63 per share on Thursday afternoon, up $0.15 (+0.97%). Year-to-date, ET has gained 15.81%, versus a 5.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/et-vopky-fet-3-buy-rated-energy-stocks-to-buy-in-may/>3 Buy-Rated Energy Stocks to Buy in May</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Buy-Rated Energy Stocks to Buy in May

In a report released on June 28, David Kerstens from Jefferies maintained a Hold rating on Royal Vopak NV (0O8V – Research Report), with a price ta...

Jefferies Sticks to Their Hold Rating for Royal Vopak NV (0O8V)

VOPKF

WFRD

Koninklijke Vopak

Royal Vopak (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VOPKY#OTC">VOPKY</a>) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company&#39;s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Royal Vopak is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Royal Vopak, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.

Earnings Estimate Revisions for Royal Vopak

This company is expected to earn $3.42 per share for the fiscal year ending December 2024, which represents a year-over-year change of -3.7%.

Analysts have been steadily raising their estimates for Royal Vopak. Over the past three months, the Zacks Consensus Estimate for the company has increased 7.2%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

The upgrade of Royal Vopak to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

<a href="https://www.zacks.com/stock/news/2295167/royal-vopak-vopky-upgraded-to-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape&#x7C;yseop_template_12_zacks_rank_upgrade-2295167">To read this article on Zacks.com click here.</a>

&nbsp;

<h2>Upgrades</h2>

<ul>
	<li>Loop Capital upgraded the previous rating for Albemarle Corp (NYSE:<a class="ticker" href="/stock/ALB#NYSE">ALB</a>) from Hold to Buy. In the fourth quarter, Albemarle showed an EPS of $1.17, compared to $1.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $188.35 and a 52-week-low of $48.89. Albemarle closed at $157.34 at the end of the last trading period.</li>
	<li>According to Barclays, the prior rating for ManpowerGroup Inc (NYSE:<a class="ticker" href="/stock/MAN#NYSE">MAN</a>) was changed from Underweight to Overweight. ManpowerGroup earned $1.48 in the fourth quarter, compared to $2.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $99.36 and a 52-week-low of $49.57. ManpowerGroup closed at $94.41 at the end of the last trading period.</li>
	<li>For Life Storage Inc (NYSE:<a class="ticker" href="/stock/LSI#NYSE">LSI</a>), Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Life Storage earned $1.07 in the fourth quarter, compared to $0.96 in the year-ago quarter. The stock has a 52-week-high of $125.76 and a 52-week-low of $67.31. At the end of the last trading period, Life Storage closed at $83.93.</li>
	<li>Compass Point upgraded the previous rating for RLJ Lodging Trust (NYSE:<a class="ticker" href="/stock/RLJ#NYSE">RLJ</a>) from Neutral to Buy. In the fourth quarter, RLJ Lodging showed an EPS of $0.57, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.17 and a 52-week-low of $3.88. RLJ Lodging closed at $15.74 at the end of the last trading period.</li>
	<li>According to Compass Point, the prior rating for Park Hotels &amp; Resorts Inc (NYSE:<a class="ticker" href="/stock/PK#NYSE">PK</a>) was changed from Neutral to Buy. In the fourth quarter, Park Hotels &amp; Resorts showed an EPS of $0.53, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $23.11 and a 52-week-low of $3.99. At the end of the last trading period, Park Hotels &amp; Resorts closed at $21.75.</li>
	<li>For SailPoint Technologies Holdings Inc (NYSE:<a class="ticker" href="/stock/SAIL#NYSE">SAIL</a>), Needham upgraded the previous rating of Hold to Buy. SailPoint Technologies earned $0.10 in the fourth quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.19 and a 52-week-low of $11.61. SailPoint Technologies closed at $56.40 at the end of the last trading period.</li>
	<li>Morgan Stanley upgraded the previous rating for Spirit AeroSystems Holdings Inc (NYSE:<a class="ticker" href="/stock/SPR#NYSE">SPR</a>) from Equal-Weight to Overweight. For the fourth quarter, Spirit AeroSystems Hldgs had an EPS of $1.31, compared to year-ago quarter EPS of $0.79. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $61.27 and a 52-week-low of $13.69. Moreover, at the end of the last trading period, the closing price was at $42.87.</li>
	<li>For Yandex NV (NASDAQ:<a class="ticker" href="/stock/YNDX#NASDAQ">YNDX</a>), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the fourth quarter, Yandex had an EPS of $0.23, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $74.32 and a 52-week-low of $27.93. At the end of the last trading period, Yandex closed at $63.98.</li>
	<li>Wells Fargo upgraded the previous rating for Bain Capital Specialty Finance Inc (NYSE:<a class="ticker" href="/stock/BCSF#NYSE">BCSF</a>) from Underweight to Equal-Weight. Bain Capital Specialty earned $0.34 in the fourth quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.76 and a 52-week-low of $7.11. Bain Capital Specialty closed at $14.05 at the end of the last trading period.</li>
	<li>According to JP Morgan, the prior rating for Plug Power Inc (NASDAQ:<a class="ticker" href="/stock/PLUG#NASDAQ">PLUG</a>) was changed from Neutral to Overweight. Plug Power earned $0.05 in the fourth quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Plug Power shows a 52-week-high of $75.49 and a 52-week-low of $2.53. Moreover, at the end of the last trading period, the closing price was at $48.38.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>

&nbsp;

<h2>Downgrades</h2>

<ul>
	<li>According to Barclays, the prior rating for Kodiak Sciences Inc (NASDAQ:<a class="ticker" href="/stock/KOD#NASDAQ">KOD</a>) was changed from Equal-Weight to Underweight. In the fourth quarter, Kodiak Sciences showed an EPS of $0.97, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $171.21 and a 52-week-low of $35.49. At the end of the last trading period, Kodiak Sciences closed at $129.01.</li>
	<li>Barclays downgraded the previous rating for Editas Medicine Inc (NASDAQ:<a class="ticker" href="/stock/EDIT#NASDAQ">EDIT</a>) from Overweight to Equal-Weight. In the fourth quarter, Editas Medicine showed an EPS of $1.00, compared to $0.74 from the year-ago quarter. At the moment, the stock has a 52-week-high of $99.95 and a 52-week-low of $14.01. Editas Medicine closed at $43.86 at the end of the last trading period.</li>
	<li>Barclays downgraded the previous rating for Beam Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/BEAM#NASDAQ">BEAM</a>) from Overweight to Equal-Weight. For the third quarter, Beam Therapeutics had an EPS of $0.69, compared to year-ago quarter EPS of $3.31. The stock has a 52-week-high of $126.90 and a 52-week-low of $13.00. At the end of the last trading period, Beam Therapeutics closed at $89.13.</li>
	<li>Deutsche Bank downgraded the previous rating for ams AG (OTC:<a class="ticker" href="/stock/AMSSY#OTC">AMSSY</a>) from Buy to Hold. At the moment, the stock has a 52-week-high of $14.00 and a 52-week-low of $4.50. ams closed at $11.65 at the end of the last trading period.</li>
	<li>According to Bernstein, the prior rating for Pioneer Natural Resources Co (NYSE:<a class="ticker" href="/stock/PXD#NYSE">PXD</a>) was changed from Outperform to Market Perform. In the fourth quarter, Pioneer Natural Resources showed an EPS of $1.07, compared to $2.36 from the year-ago quarter. The stock has a 52-week-high of $153.21 and a 52-week-low of $48.62. At the end of the last trading period, Pioneer Natural Resources closed at $148.57.</li>
	<li>According to HC Wainwright &amp; Co., the prior rating for ZIOPHARM Oncology Inc (NASDAQ:<a class="ticker" href="/stock/ZIOP#NASDAQ">ZIOP</a>) was changed from Buy to Neutral. For the fourth quarter, ZIOPHARM Oncology had an EPS of $0.11, compared to year-ago quarter EPS of $0.09. The current stock performance of ZIOPHARM Oncology shows a 52-week-high of $5.95 and a 52-week-low of $1.79. Moreover, at the end of the last trading period, the closing price was at $5.33.</li>
	<li>According to Bernstein, the prior rating for Apache Corp (NASDAQ:<a class="ticker" href="/stock/APA#NASDAQ">APA</a>) was changed from Outperform to Market Perform. For the fourth quarter, Apache had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $26.96 and a 52-week-low of $3.80. Apache closed at $19.73 at the end of the last trading period.</li>
	<li>For WSFS Financial Corp (NASDAQ:<a class="ticker" href="/stock/WSFS#NASDAQ">WSFS</a>), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the fourth quarter, WSFS Financial showed an EPS of $1.16, compared to $0.96 from the year-ago quarter. The current stock performance of WSFS Financial shows a 52-week-high of $55.08 and a 52-week-low of $17.84. Moreover, at the end of the last trading period, the closing price was at $53.14.</li>
	<li>Wells Fargo downgraded the previous rating for TC Pipelines LP (NYSE:<a class="ticker" href="/stock/TCP#NYSE">TCP</a>) from Overweight to Equal-Weight. TC Pipelines earned $1.01 in the fourth quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $41.20 and a 52-week-low of $18.00. At the end of the last trading period, TC Pipelines closed at $29.26.</li>
	<li>According to Morgan Stanley, the prior rating for TechnipFMC PLC (NYSE:<a class="ticker" href="/stock/FTI#NYSE">FTI</a>) was changed from Overweight to Equal-Weight. TechnipFMC earned $0.05 in the fourth quarter, compared to $0.03 in the year-ago quarter. The current stock performance of TechnipFMC shows a 52-week-high of $16.17 and a 52-week-low of $4.49. Moreover, at the end of the last trading period, the closing price was at $8.21.</li>
	<li>According to RBC Capital, the prior rating for Pactiv Evergreen Inc (NASDAQ:<a class="ticker" href="/stock/PTVE#NASDAQ">PTVE</a>) was changed from Outperform to Sector Perform. Pactiv Evergreen earned $0.10 in the fourth quarter. At the moment, the stock has a 52-week-high of $19.61 and a 52-week-low of $10.40. Pactiv Evergreen closed at $13.98 at the end of the last trading period.</li>
	<li>JP Morgan downgraded the previous rating for Agios Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="/stock/AGIO#NASDAQ">AGIO</a>) from Overweight to Neutral. Agios Pharmaceuticals earned $1.41 in the fourth quarter, compared to $1.60 in the year-ago quarter. The current stock performance of Agios Pharmaceuticals shows a 52-week-high of $58.93 and a 52-week-low of $27.77. Moreover, at the end of the last trading period, the closing price was at $47.44.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>

&nbsp;

<h2>Initiations</h2>

<ul>
	<li>With an Overweight rating, Morgan Stanley initiated coverage on Sana Biotechnology Inc (NASDAQ:<a class="ticker" href="/stock/SANA#NASDAQ">SANA</a>). The price target seems to have been set at $40.00 for Sana Biotechnology. The current stock performance of Sana Biotechnology shows a 52-week-high of $44.60 and a 52-week-low of $29.99. Moreover, at the end of the last trading period, the closing price was at $30.74.</li>
	<li>Morgan Stanley initiated coverage on Boston Beer Co Inc (NYSE:<a class="ticker" href="/stock/SAM#NYSE">SAM</a>) with an Overweight rating. The price target for Boston Beer Co is set to $1400.00. For the fourth quarter, Boston Beer Co had an EPS of $2.64, compared to year-ago quarter EPS of $1.24. The current stock performance of Boston Beer Co shows a 52-week-high of $1236.57 and a 52-week-low of $290.02. Moreover, at the end of the last trading period, the closing price was at $1029.82.</li>
	<li>Morgan Stanley initiated coverage on TELUS International (Cda) Inc (NYSE:<a class="ticker" href="/stock/TIXT#NYSE">TIXT</a>) with a Equal-Weight rating. The price target for TELUS International is set to $31.00. In the fourth quarter, TELUS International showed an EPS of $0.09, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $33.60 and a 52-week-low of $28.00. At the end of the last trading period, TELUS International closed at $29.12.</li>
	<li>With a Buy rating, Stifel initiated coverage on Codexis Inc (NASDAQ:<a class="ticker" href="/stock/CDXS#NASDAQ">CDXS</a>). The price target seems to have been set at $30.00 for Codexis. Codexis earned $0.06 in the fourth quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Codexis shows a 52-week-high of $29.56 and a 52-week-low of $8.43. Moreover, at the end of the last trading period, the closing price was at $22.11.</li>
	<li>Credit Suisse initiated coverage on TELUS International (Cda) Inc (NYSE:<a class="ticker" href="/stock/TIXT#NYSE">TIXT</a>) with a Neutral rating. The price target for TELUS International is set to $33.00. TELUS International earned $0.09 in the fourth quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $33.60 and a 52-week-low of $28.00. At the end of the last trading period, TELUS International closed at $29.12.</li>
	<li>Berenberg initiated coverage on Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/RPTX#NASDAQ">RPTX</a>) with a Buy rating. The price target for Repare Therapeutics is set to $51.00. In the third quarter, Repare Therapeutics showed an EPS of $0.37, compared to $5.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.44 and a 52-week-low of $21.45. Repare Therapeutics closed at $32.90 at the end of the last trading period.</li>
	<li>RBC Capital initiated coverage on Atotech Ltd (NYSE:<a class="ticker" href="/stock/ATC#NYSE">ATC</a>) with an Outperform rating. The price target for Atotech is set to $23.00. At the moment, the stock has a 52-week-high of $20.83 and a 52-week-low of $17.00. Atotech closed at $20.18 at the end of the last trading period.</li>
	<li>With a Neutral rating, Credit Suisse initiated coverage on TELUS Corp (NYSE:<a class="ticker" href="/stock/TU#NYSE">TU</a>). The price target seems to have been set at $33.00 for TELUS. For the fourth quarter, TELUS had an EPS of $0.17, compared to year-ago quarter EPS of $0.52. The current stock performance of TELUS shows a 52-week-high of $38.66 and a 52-week-low of $13.54. Moreover, at the end of the last trading period, the closing price was at $20.04.</li>
	<li>With an Outperform rating, Credit Suisse initiated coverage on Atotech Ltd (NYSE:<a class="ticker" href="/stock/ATC#NYSE">ATC</a>). The price target seems to have been set at $23.00 for Atotech. At the moment, the stock has a 52-week-high of $20.83 and a 52-week-low of $17.00. Atotech closed at $20.18 at the end of the last trading period.</li>
	<li>Credit Suisse initiated coverage on Opendoor Technologies Inc (NASDAQ:<a class="ticker" href="/stock/OPEN#NASDAQ">OPEN</a>) with an Outperform rating. The price target for Opendoor Technologies is set to $37.00. At the moment, the stock has a 52-week-high of $39.24 and a 52-week-low of $21.41. Opendoor Technologies closed at $28.02 at the end of the last trading period.</li>
	<li>SVB Leerink initiated coverage on Landos Biopharma Inc (NASDAQ:<a class="ticker" href="/stock/LABP#NASDAQ">LABP</a>) with an Outperform rating. The price target for Landos Biopharma is set to $20.00. At the moment, the stock has a 52-week-high of $15.35 and a 52-week-low of $10.77. Landos Biopharma closed at $13.48 at the end of the last trading period.</li>
	<li>With a Buy rating, HC Wainwright &amp; Co. initiated coverage on F-star Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/FSTX#NASDAQ">FSTX</a>). The price target seems to have been set at $35.00 for F-star Therapeutics. The current stock performance of F-star Therapeutics shows a 52-week-high of $12.20 and a 52-week-low of $6.61. Moreover, at the end of the last trading period, the closing price was at $8.27.</li>
	<li>With a Buy rating, HC Wainwright &amp; Co. initiated coverage on Angion Biomedica Corp (NASDAQ:<a class="ticker" href="/stock/ANGN#NASDAQ">ANGN</a>). The price target seems to have been set at $100.00 for Angion Biomedica. The stock has a 52-week-high of $26.30 and a 52-week-low of $16.00. At the end of the last trading period, Angion Biomedica closed at $17.34.</li>
	<li>Needham initiated coverage on DZS Inc (NASDAQ:<a class="ticker" href="/stock/DZSI#NASDAQ">DZSI</a>) with a Buy rating. The price target for DZS is set to $23.00. The current stock performance of DZS shows a 52-week-high of $18.90 and a 52-week-low of $2.90. Moreover, at the end of the last trading period, the closing price was at $16.64.</li>
	<li>With a Neutral rating, Goldman Sachs initiated coverage on Sana Biotechnology Inc (NASDAQ:<a class="ticker" href="/stock/SANA#NASDAQ">SANA</a>). The price target seems to have been set at $40.00 for Sana Biotechnology. The current stock performance of Sana Biotechnology shows a 52-week-high of $44.60 and a 52-week-low of $29.99. Moreover, at the end of the last trading period, the closing price was at $30.74.</li>
	<li>With a Buy rating, Jefferies initiated coverage on Five9 Inc (NASDAQ:<a class="ticker" href="/stock/FIVN#NASDAQ">FIVN</a>). The price target seems to have been set at $220.00 for Five9. In the fourth quarter, Five9 showed an EPS of $0.34, compared to $0.27 from the year-ago quarter. The current stock performance of Five9 shows a 52-week-high of $194.03 and a 52-week-low of $52.51. Moreover, at the end of the last trading period, the closing price was at $185.24.</li>
	<li>Piper Sandler initiated coverage on Sensei Biotherapeutics Inc (NASDAQ:<a class="ticker" href="/stock/SNSE#NASDAQ">SNSE</a>) with an Overweight rating. The price target for Sensei Biotherapeutics is set to $25.00. At the moment, the stock has a 52-week-high of $26.50 and a 52-week-low of $15.45. Sensei Biotherapeutics closed at $16.50 at the end of the last trading period.</li>
	<li>Goldman Sachs initiated coverage on ON24 Inc (NYSE:<a class="ticker" href="/stock/ONTF#NYSE">ONTF</a>) with a Buy rating. The price target for ON24 is set to $88.00. The stock has a 52-week-high of $81.98 and a 52-week-low of $46.37. At the end of the last trading period, ON24 closed at $56.31.</li>
	<li>With a Buy rating, Needham initiated coverage on ON24 Inc (NYSE:<a class="ticker" href="/stock/ONTF#NYSE">ONTF</a>). The price target seems to have been set at $70.00 for ON24. At the moment, the stock has a 52-week-high of $81.98 and a 52-week-low of $46.37. ON24 closed at $56.31 at the end of the last trading period.</li>
	<li>KeyBanc initiated coverage on ON24 Inc (NYSE:<a class="ticker" href="/stock/ONTF#NYSE">ONTF</a>) with an Overweight rating. The price target for ON24 is set to $70.00. The stock has a 52-week-high of $81.98 and a 52-week-low of $46.37. At the end of the last trading period, ON24 closed at $56.31.</li>
	<li>With an Overweight rating, Piper Sandler initiated coverage on ON24 Inc (NYSE:<a class="ticker" href="/stock/ONTF#NYSE">ONTF</a>). The price target seems to have been set at $70.00 for ON24. At the moment, the stock has a 52-week-high of $81.98 and a 52-week-low of $46.37. ON24 closed at $56.31 at the end of the last trading period.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Downgrades

Initiation

Intraday Update

AGIO

AMSSY

ANGN

ARKAY

BCSF

BEAM

CBWBF

CDXS

DZSI

EDIT

FIVN

FSTX

GNHAF

LABP

ONTF

OPEN

PEGRY

PLUG

PPRUY

PTVE

RPTX

SAIL

SANA

SBSNF

SNSE

THNPF

TIXT

TKAYY

WSFS

WTKWY

YNDX

ZIOP

Benzinga's Top Ratings Upgrades, Downgrades For March 1, 2021

Kepler Cheuvreux analyst Andre Mulder upgrades Koninklijke Vopak (OTC:<a class="ticker" href="/stock/VOPKY#OTC">VOPKY</a>) from Reduce to Hold.

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