Showing posts with label EOG Resources. Show all posts
Showing posts with label EOG Resources. Show all posts
Thursday, October 11, 2012
BHP (BHP) (EOG) (KEG) (NBL) (PDCE) Downgraded
BHP Billiton (BHP), EOG Resources (EOG), Key Energy (KEG), Noble Energy (NBL) and PDC Energy Inc. (PDCE) were downgraded by analysts.
Canaccord Genuity downgraded BHP Billiton (BHP) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded EOG Resources (EOG) from a "Buy" rating to a "Accumulate" rating.
Howard Weil downgraded Key Energy (KEG) from an "Outperform" rating to a "Market Perform" rating.
Wells Fargo & Co. downgraded Noble Energy (NBL) from an "Outperform" rating to a "Market Perform" rating.
Wells Fargo & Co. downgraded PDC Energy Inc. (PDCE) from an "Outperform" rating to a "Market Perform" rating.
Friday, September 7, 2012
CF (CF) (DNR) (ANV) (BRD) (EOG) (SUN) (TLM) Ratings Changes
CF Industries Holdings Inc (CF), Denbury Resources Inc. (DNR), Allied Nevada Gold Corp (ANV), Brigus Gold (BRD), EOG Resources (EOG), Sunoco, Inc. (SUN) and Talisman Energy (TLM) had ratings on them adjusted by analysts.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Saturday, February 4, 2012
EOG (EOG) (NOV) (APA) (DTV) (MA) (FDO) Ratings, Price Targets
EOG Resources (NYSE: EOG), National-Oilwell Varco, Inc. (NYSE: NOV), Apache (NYSE: APA), DirecTV (NYSE: DTV), MasterCard (NYSE: MA) and Family Dollar Stores, Inc. (NYSE: FDO) had ratings and price targets on them adjusted by analysts.
National-Oilwell Varco, Inc. (NOV) was upgraded by Global Hunter Securities from an “Accumulate” rating to a “Buy” rating. They have a price target of $90.00 on the company, up from $78.00.
EOG Resources (EOG) had its “Buy” rating reiterated by Canaccord Genuity.
Credit Suisse initiated coverage on Apache (APA). They placed an “Outperform” rating and a price target of $120.00 on the company.
DirecTV (DTV) had its “Reduce” rating reiterated by Nomura (NYSE:NMR).
MasterCard (MA) had its “Buy” rating reiterated by Nomura.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Family Dollar Stores, Inc. (FDO). They placed an “Overweight” rating on the company.
National-Oilwell Varco, Inc. (NOV) was upgraded by Global Hunter Securities from an “Accumulate” rating to a “Buy” rating. They have a price target of $90.00 on the company, up from $78.00.
EOG Resources (EOG) had its “Buy” rating reiterated by Canaccord Genuity.
Credit Suisse initiated coverage on Apache (APA). They placed an “Outperform” rating and a price target of $120.00 on the company.
DirecTV (DTV) had its “Reduce” rating reiterated by Nomura (NYSE:NMR).
MasterCard (MA) had its “Buy” rating reiterated by Nomura.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Family Dollar Stores, Inc. (FDO). They placed an “Overweight” rating on the company.
Thursday, November 4, 2010
Citigroup (NYSE:C) Downgrades EOG (NYSE:EOG), Eaten Up by Lowered Production Estimates
Not willing to commit more capital to the production of natural gas, EOG Resources Inc (NYSE:EOG) had its share price plunge as the cut their production estimates. Citigroup downgraded them from "Buy" to "Hold" in response.
Most of this is driven by the depressed prices of natural gas, which at least in the short term, aren't going to be moving up.
Natural gas companies with heavy exposure have been transferring capital to the oil sector or liquefied natural gas segment, which generate stronger margins and earnings at this time.
Even with lower production estimates, some question if EOG has the capital to pull it off.
EOG closed Wednesday at $88.64, plummeting $9.10, or 9.31 percent. Citigroup slashed their price target from $110 to $95.
Most of this is driven by the depressed prices of natural gas, which at least in the short term, aren't going to be moving up.
Natural gas companies with heavy exposure have been transferring capital to the oil sector or liquefied natural gas segment, which generate stronger margins and earnings at this time.
Even with lower production estimates, some question if EOG has the capital to pull it off.
EOG closed Wednesday at $88.64, plummeting $9.10, or 9.31 percent. Citigroup slashed their price target from $110 to $95.
Monday, September 27, 2010
Williams (NYSE:WMB), Devon (NYSE:DVN), Noble (NYSE:NBL), Apache(NYSE:APA), Williams (NYSE:WMB) Cutting Spending
Natural gas companies like Devon Energy Corp (NYSE:DVN), Noble Energy Inc (NYSE:NBL) Williams (NYSE:WMB) and Apache Corp (NYSE:APA) are all expected to lower their capital expenditures in 2011 in light of ongoing low natural gas prices.
A large portion of the lower capex will be from cutting back on drilling for natural gas by the companies, and other companies with natural gas exposure.
Some of those cuts could be offset by transferring spending to oil exploration and cash generation from free-flowing debt markets.
Williams has already confirmed they're going to cut spending in 2011, and the others mentioned are sure to follow. Lower prices and lower margins, which will result in lower earnings are the reasons behind the spending cuts. That means less money to spend, as too much debt spending would crush the performance of the companies.
One positive area for gas companies is liquids, where companies holding those assets will be able to sell it at premium prices.
An area that will demand capital expenditure are those holding leases on acreage that must be drilled unless they expire.
But based on the price of natural gas, some experts in the industry say supply is so abundant it could be many years before natural gas prices turn around.
The smart companies are increasing their exposure to oil and the liquids mentioned above. Those companies which don't adapt are going to struggle to increase earnings and be profitable.
EOG Resources Inc (NYSE:EOG) and Chesapeake Energy (NYSE:CHK), among others, have already moved in that direction.
Another strategy recently has been for companies heavily exposed to natural gas to raise capital through debt, with Linn Energy (Nasdaq:LINE) and Anadarko Petroleum Corp (NYSE:APC) among the most recent.
They are doing that for the time when the natural gas market recovers, which will probably be a long wait. But they will be prepared for it whenever it does happen.
A large portion of the lower capex will be from cutting back on drilling for natural gas by the companies, and other companies with natural gas exposure.
Some of those cuts could be offset by transferring spending to oil exploration and cash generation from free-flowing debt markets.
Williams has already confirmed they're going to cut spending in 2011, and the others mentioned are sure to follow. Lower prices and lower margins, which will result in lower earnings are the reasons behind the spending cuts. That means less money to spend, as too much debt spending would crush the performance of the companies.
One positive area for gas companies is liquids, where companies holding those assets will be able to sell it at premium prices.
An area that will demand capital expenditure are those holding leases on acreage that must be drilled unless they expire.
But based on the price of natural gas, some experts in the industry say supply is so abundant it could be many years before natural gas prices turn around.
The smart companies are increasing their exposure to oil and the liquids mentioned above. Those companies which don't adapt are going to struggle to increase earnings and be profitable.
EOG Resources Inc (NYSE:EOG) and Chesapeake Energy (NYSE:CHK), among others, have already moved in that direction.
Another strategy recently has been for companies heavily exposed to natural gas to raise capital through debt, with Linn Energy (Nasdaq:LINE) and Anadarko Petroleum Corp (NYSE:APC) among the most recent.
They are doing that for the time when the natural gas market recovers, which will probably be a long wait. But they will be prepared for it whenever it does happen.
Tuesday, July 13, 2010
Citigroup (NYSE:C) Comments on Natural Gas Sector
With the natural gas sector under huge pressure because of extraordinary supply, prices continue to be under downward pressure from the abundance of the energy. Citigroup (NYSE:C) commented on their view of the sector and who they like within it.
“We are updating estimates to reflect actual Q2 natural gas and crude oil prices along with other fine tuning to our models. Our average FY 2010 natural gas price forecast rises back to $4.75/MMBtu (vs. $4.60 previously) and our FY2010 WTI spot oil price forecast is now $81/Bbl (vs. $82 previously). Versus consensus, APA and NBL are expected to beat estimates while Canadian Natural Resource (NYSE:CNQ), EOG Resources (NYSE: EOG) and Nexen (NYSE:NXY), in particular, are projected to miss,” said the Citigroup analysts.
“Our top sector picks are Anadarko Petroleum (NYSE:APC), Apache (NYSE:APA), CNQ and EOG,” they added.
Rumors Apache may be ready to acquire BP (NYSE:BP) assets in Alaska have the stocks moving up.
“We are updating estimates to reflect actual Q2 natural gas and crude oil prices along with other fine tuning to our models. Our average FY 2010 natural gas price forecast rises back to $4.75/MMBtu (vs. $4.60 previously) and our FY2010 WTI spot oil price forecast is now $81/Bbl (vs. $82 previously). Versus consensus, APA and NBL are expected to beat estimates while Canadian Natural Resource (NYSE:CNQ), EOG Resources (NYSE: EOG) and Nexen (NYSE:NXY), in particular, are projected to miss,” said the Citigroup analysts.
“Our top sector picks are Anadarko Petroleum (NYSE:APC), Apache (NYSE:APA), CNQ and EOG,” they added.
Rumors Apache may be ready to acquire BP (NYSE:BP) assets in Alaska have the stocks moving up.
Monday, April 5, 2010
Will Halliburton (NYSE: HAL), Baker Hughes (NYSE:BHI) Benefit from More Oil and Gas Exploration?
Halliburton and Baker Hughes
This is a no brainer of course, there is no doubt the decision to allow more drilling off the Coasts of the U.S. by Obama will be a big boost to exploration companies like Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BHI).
Oil drilling companies like Atwood Oceanics (NYSE:ATW) and Transocean (NYSE:RIG), and others like them, should benefit as oil and gas resources are discovered.
Assuming they were part of the action, other types of companies which would probably profit from it are Devon Energy (NYSE:DVN) and EOG Resources (NYSE:EOG).
Some are trying to say certain parts of the coastlines being released for drilling won't produce much in the way of oil and gas, but that's simply speculation and wishful thinking.
We have no idea how much may be out there, and until the exploration and drilling takes place, we won't have an answer.
These are of course long-term plays, but something to keep in mind as the exploration and drilling gets underway in the years ahead.
This is a no brainer of course, there is no doubt the decision to allow more drilling off the Coasts of the U.S. by Obama will be a big boost to exploration companies like Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BHI).
Oil drilling companies like Atwood Oceanics (NYSE:ATW) and Transocean (NYSE:RIG), and others like them, should benefit as oil and gas resources are discovered.
Assuming they were part of the action, other types of companies which would probably profit from it are Devon Energy (NYSE:DVN) and EOG Resources (NYSE:EOG).
Some are trying to say certain parts of the coastlines being released for drilling won't produce much in the way of oil and gas, but that's simply speculation and wishful thinking.
We have no idea how much may be out there, and until the exploration and drilling takes place, we won't have an answer.
These are of course long-term plays, but something to keep in mind as the exploration and drilling gets underway in the years ahead.
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