-
Societe Generale Upgrades Occidental Petroleum to Buy, Maintains PT at $108
Wednesday, August 3, 2011 - 8:23am | 59Societe Generale upgraded its rating on Occidental Petroleum (NYSE: OXY) from Hold to Buy. At the same time, the rating agency left its price target on the company's stock unchanged at $108. On Tuesday, OXY closed the day at $94.60. Its shares added 0.52% to their value in today's pre-market...
-
Credit Suisse Downgrading Marathon Oil Corp (MRO) NEUTRAL
Wednesday, August 3, 2011 - 7:44am | 88Credit Suisse is downgrading shares of Marathon Oil Corp (NYSE: MRO) to Neutral and it has a $36 price target on shares. In a note to clients, Credit Suisse writes, "We take our rating down to Neutral (from Outperform). We believe MRO shares will pause for breath on the back of stock specific EPS...
-
Societe Generale Upgrades Occidental Petroleum To Buy, $108 PT
Wednesday, August 3, 2011 - 7:42am | 26Societe Generale has upgraded Occidental Petroleum (NYSE: OXY) from Hold to buy and has established a $108 price target.
-
InterOil and Noble Sign Heads of Agreement on LNG Sale
Tuesday, August 2, 2011 - 7:24pm | 110InterOil (NYSE: IOC) and Pacific LNG Operations announced the signing of a Heads of Agreement with Noble Clean Fuels Limited, a wholly owned subsidiary of Noble Group Limited, for the supply of one million tonnes per annum of Liquefied Natural Gas from the Gulf LNG Project in Papua New Guinea. The...
-
Fast Money Picks For August 3rd (DE, CBS, PFE, XOM, SLV)
Tuesday, August 2, 2011 - 7:18pm | 272On CNBC's Fast Money, Stephen Weiss recommended a long position in Deere & Company (NYSE: DE). He explained that he is bearish on this market, but some stocks are getting really cheap and Deere & Company (DE) is one of those stocks. Deere & Company (DE) lost 2.41% today, and it closed...
-
The New World Order of Global Sovereigns
Tuesday, August 2, 2011 - 5:06pm | 1082By EconMatters The U.S. debt ceiling political soap has finally come to an end. With the debt deal done, the U.S. has dodged a major bullet of a debt default, but is not out of the woods yet for a sovereign credit downgrade. The big three rating agencies are still reviewing the debt deal, and have...
-
Georgia Peaches Bruised by Budget Cuts
Tuesday, August 2, 2011 - 9:52am | 463By Justin Rohrlich If Detroit couldn't have survived without General Motors (GM), if the failure of Merrill Lynch (BAC) or Citi (C) would have threatened the very existence of Wall Street and tax breaks for Exxon Mobil (XOM) and ConocoPhilips (COP) are “in the national interest,” then what to make...
-
This Company Makes BP Pay Up
Tuesday, August 2, 2011 - 8:56am | 620Concerns over limited future oil production in the Middle East point to the growing importance of domestic energy production. The Obama administration, just like every administration before it, appears adamant that domestic energy production must grow. While there remain concerns about the future...
-
Do You Own America's Largest Natural Gas Company?
Tuesday, August 2, 2011 - 8:26am | 793Natural gas is so laughably cheap right now and yet most investors are completely clueless about it. How cheap is it? Well, right now a barrel of oil costs about $95. For the equivalent amount of energy, you'll pay just $24 for natural gas. On an inflation-adjusted basis, oil has NEVER been as...
-
Benchmark Updates 8/2
Tuesday, August 2, 2011 - 6:02am | 206Benchmark made a number of updates in a research report published today. Guidance Software (NASDAQ: GUID) had its rating reiterated at Buy. At the same time, its price target was maintained at $10. On Monday, GUID lost 0.4% of its value to finish the day at $7.49. Harte-Hanks (NYSE: HHS) had its...
-
Earnings Scheduled For August 2
Tuesday, August 2, 2011 - 2:46am | 571Hyatt Hotels Corporation (NYSE: H) is expected to report its Q2 EPS at $0.15 on revenue of $910.14 million. Archer-Daniels-Midland Company (NYSE: ADM) is projected to report its FQ4 EPS at $0.85 on revenue of $20.43 billion. Coach Inc (NYSE: COH) is projected to report its Q4 EPS at $0.65 on...
-
Earnings Preview: Apache's EPS, Revenue Expected to Rise
Monday, August 1, 2011 - 12:05pm | 532Apache (NYSE: APA) unveils its next round of earnings this Thursday, August 4, 2011. Get prepared with Benzinga's ultimate preview for Apache's second quarter earnings. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of $3.09/share and revenues of $...
-
JP Morgan Provides Color on Integrated Oils
Monday, August 1, 2011 - 7:07am | 158JP Morgan provided color on the integrated oils sector. In a research report published today, the rating agency stressed negative short term outlook for the sector's stocks. However, ConocoPhillips (NYSE: COP) is an exception. In the report, JP Morgan states, “We recap a largely anemic week for...
-
Deutsche Bank Updates 8/1
Monday, August 1, 2011 - 6:33am | 927Deutsche Bank made a number of updates in a research report published today. American Axle & Manufacturing (NYSE: AXL) had its rating reiterated at Hold. On Friday, AXL added 8.82% to its value to finish the week at $11.47. Tenneco (NYSE: TEN) had its rating reiterated at...
-
Jefferies Covers 2Q11 at Chevron
Monday, August 1, 2011 - 6:19am | 121Jefferies has published a report on Chevron (NYSE: CVX) reporting positive Q2 results. In the report, Jefferies wrote, "Chevron continues to operate in the sweet spot in the global integrated sector; with its volumes dominated by oil, it remains highly leveraged to our positive outlook for the...