IAMGOLD Corp (IAG), AK Steel Holding Co. (AKS), Chesapeake Energy (CHK), Copano Energy, L.L.C. (CPNO), Hess Corp (HES), ArcelorMittal (MT) and Exxon Mobil (XOM) had ratings on them adjusted by analysts.
Macquarie upgraded AK Steel Holding Co. (AKS) from an Underperform rating to a Neutral rating.
Stifel Nicolaus upgraded Chesapeake Energy (CHK) from a Hold rating to a Buy rating.
Societe Generale upgraded IAMGOLD Corp. (IAG) from a Sell rating to a Hold rating.
RBC Capital downgraded Copano Energy, L.L.C. (CPNO) from an Outperform rating to a Sector Perform rating.
Capital One downgraded Hess Corp. (HES) from an Add rating to a Neutral rating.
HSBC downgraded ArcelorMittal (MT) from a Neutral rating to an Underweight rating.
Macquarie downgraded Exxon Mobil (XOM) from an Outperform rating to a Neutral rating.
Showing posts with label Hess Corporation. Show all posts
Showing posts with label Hess Corporation. Show all posts
Wednesday, January 30, 2013
Monday, July 23, 2012
Acorn (ACFN) (ALJ) (CHKM) (EQM) (HES) (HFC) (MPC) (TSRO) (VLO) (WNR) (X) Get New Coverage
Acorn Energy Inc (ACFN), Alon USA Energy, Inc. (ALJ), Chesapeake Midstream Partners LP (CHKM), EQT Midstream Partners LP (EQM), Hess (HES), HollyFrontier (HFC), Marathon Petroleum (MPC), ESARO Inc (TSRO), Valero Energy Co. (VLO), Western Refining, Inc. (WNR) and U.S. Steel (X) get new analyst coverage.
Barrington Research initiated coverage on Acorn Energy (ACFN). They placed an "Outperform" rating and price target of $11.30 on the company.
Tudor Pickering initiated coverage on Alon USA Energy, Inc. (ALJ). They placed an "Accumulate" rating on the company.
Barclays Capital initiated coverage on Chesapeake Midstream Partners LP (CHKM). They placed an "Overweight" rating and a price target of $33.00 on the company.
Bank of America initiated coverage on EQT Midstream Partners LP (EQM). They placed a "Buy" rating on the company
Standpoint Research initiated coverage on Hess (HES). They placed a "Buy" rating and a price target of $60.00 on the company.
Tudor Pickering initiated coverage on HollyFrontier (HFC). They placed an "Accumulate" rating on the company.
Tudor Pickering initiated coverage on Marathon Petroleum (MPC). They placed a "Buy" rating on the company
Citigroup initiated coverage on TESARO (TSRO). They placed a "Buy" rating on the company
Tudor Pickering initiated coverage on Valero Energy Co. (VLO). They placed a "Buy" rating on the company
Tudor Pickering initiated coverage on Western Refining, Inc. (WNR). They placed an "Accumulate" rating on the company.
Imperial Capital initiated coverage on U.S. Steel (X) . They placed a "Outperform" rating and a price target of $26.50 on the company.
Barrington Research initiated coverage on Acorn Energy (ACFN). They placed an "Outperform" rating and price target of $11.30 on the company.
Tudor Pickering initiated coverage on Alon USA Energy, Inc. (ALJ). They placed an "Accumulate" rating on the company.
Barclays Capital initiated coverage on Chesapeake Midstream Partners LP (CHKM). They placed an "Overweight" rating and a price target of $33.00 on the company.
Bank of America initiated coverage on EQT Midstream Partners LP (EQM). They placed a "Buy" rating on the company
Standpoint Research initiated coverage on Hess (HES). They placed a "Buy" rating and a price target of $60.00 on the company.
Tudor Pickering initiated coverage on HollyFrontier (HFC). They placed an "Accumulate" rating on the company.
Tudor Pickering initiated coverage on Marathon Petroleum (MPC). They placed a "Buy" rating on the company
Citigroup initiated coverage on TESARO (TSRO). They placed a "Buy" rating on the company
Tudor Pickering initiated coverage on Valero Energy Co. (VLO). They placed a "Buy" rating on the company
Tudor Pickering initiated coverage on Western Refining, Inc. (WNR). They placed an "Accumulate" rating on the company.
Imperial Capital initiated coverage on U.S. Steel (X) . They placed a "Outperform" rating and a price target of $26.50 on the company.
Wednesday, January 4, 2012
Molycorp (MCP) (HES) (RAIL) (DRYS) (DE) (CVX) Ratings, Price Targets
Molycorp, Inc. (NYSE: MCP), Hess Corp. (NYSE: HES), FreightCar America, Inc. (NASDAQ: RAIL), DryShips Inc. (NASDAQ: DRYS), Deere & Company (NYSE: DE) and Chevron (NYSE: CVX) ratings and price targets.
Hess Corp. (HES) was downgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.
FreightCar America, Inc. (RAIL) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Molycorp, Inc. (MCP) had its “Buy” rating reiterated by Dahlman Rose.
DryShips Inc. (DRYS) is now covered by Imperial Capital. They placed an “In-line” rating on the company.
Deere & Company (DE) had its price target lowered by Piper Jaffray (NYSE:PJC) to $80.00.
Chevron (CVX) was downgraded by RBC Capital to an “Outperform” rating.
Hess Corp. (HES) was downgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.
FreightCar America, Inc. (RAIL) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Molycorp, Inc. (MCP) had its “Buy” rating reiterated by Dahlman Rose.
DryShips Inc. (DRYS) is now covered by Imperial Capital. They placed an “In-line” rating on the company.
Deere & Company (DE) had its price target lowered by Piper Jaffray (NYSE:PJC) to $80.00.
Chevron (CVX) was downgraded by RBC Capital to an “Outperform” rating.
Friday, July 1, 2011
Hess (HES) (BAC) (MON) (MRO) (EPB) (NGLS) Ratings and Price Targets
Bank of America (NYSE:BAC) upgraded Hess Corp (NYSE: HES) from a “neutral” rating to a “buy” rating. They have a price target price target of $104.00 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on shares of Bank of America (NYSE: BAC).
Wunderlich reiterated a “buy” rating on shares of El Paso Pipeline Partners (NYSE: EPB). They have a price target of $42.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on of Monsanto Co. (NYSE: MON). They have a price target of $77.00 on the company.
Bank of America reiterated a “buy” rating on shares of Targa Resources Partners LP (NASDAQ: NGLS).
Oppenheimer cut their price target on Marathon Oil Co. (NYSE: MRO) from $62.00 to $40.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on shares of Bank of America (NYSE: BAC).
Wunderlich reiterated a “buy” rating on shares of El Paso Pipeline Partners (NYSE: EPB). They have a price target of $42.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on of Monsanto Co. (NYSE: MON). They have a price target of $77.00 on the company.
Bank of America reiterated a “buy” rating on shares of Targa Resources Partners LP (NASDAQ: NGLS).
Oppenheimer cut their price target on Marathon Oil Co. (NYSE: MRO) from $62.00 to $40.00. They have an “outperform” rating on the company.
Thursday, June 9, 2011
BP (BP) (HAL) (PBR) (ECA) (HES) Close Mixed on OPEC, Inventory
Shares of BP (NYSE:BP), Halliburton (NYSE:HAL), Petrobras (NYSE:PBR), Encana Corp. (NYSE:ECA) and Hess Corporation (NYSE:HES) closed mixed Wednesday, as inventory was down and OPEC couldn't reach a production agreement.
July crude oil climbed $1.65, or 1.67 percent on the New York Mercantile Exchange, settling at $100.74 a barrel, trading in a range of $98.02 to $101.89 on Wednesday.
U.S. gasoline stockpiles jumped 2.21 million barrels last week, more than expected, and distillate stocks increased by 810,000 barrels, against a projection for stocks to remain the same, according to the EIA.
The U.S. Energy Information Administration said crude stock in the U.S. fell 4.85 million barrels, the biggest drop since December 2010.
Hess Corporation closed Wednesday at $73.77, falling $0.76, or 1.02 percent. Encana ended the session at $32.70, down $0.13, or 0.40 percent. Petrobras closed at $32.84, gaining $0.20, or 0.61 percent. Halliburton ended the day at $47.69, dropping $0.41, or 0.85 percent. BP closed at $43.49, losing $0.51, or 1.16 percent.
July crude oil climbed $1.65, or 1.67 percent on the New York Mercantile Exchange, settling at $100.74 a barrel, trading in a range of $98.02 to $101.89 on Wednesday.
U.S. gasoline stockpiles jumped 2.21 million barrels last week, more than expected, and distillate stocks increased by 810,000 barrels, against a projection for stocks to remain the same, according to the EIA.
The U.S. Energy Information Administration said crude stock in the U.S. fell 4.85 million barrels, the biggest drop since December 2010.
Hess Corporation closed Wednesday at $73.77, falling $0.76, or 1.02 percent. Encana ended the session at $32.70, down $0.13, or 0.40 percent. Petrobras closed at $32.84, gaining $0.20, or 0.61 percent. Halliburton ended the day at $47.69, dropping $0.41, or 0.85 percent. BP closed at $43.49, losing $0.51, or 1.16 percent.
Monday, October 4, 2010
BP (NYSE:BP) Sells Hess (NYSE:HES) More of Tubular Bells
In an effort to cut back on capital expenditures, BP (NYSE:BP) is looking at reducing how many operatorships it holds in the Gulf of Mexico.
Although BP refused to comment on this strategy, they did confirm they sold a part of their stake in deepwater oil field Tubular Bells to existing partner Hess Corporation (NYSE:HES).
That will double the stake Hess holds in the oil field to 40 percent, with BP's stake dropping to 30 percent.
BP at this time has oil production going at over 20 deepwater offshore wells in the Gulf, the largest operator in the area, and the largest license holder.
The goal concerning capital spending for the year is to cut it by somewhere around 10 percent, as they push toward raising more capital to pay for liabilities connected to the oil spill.
So we should see BP selling more of their operatorships in the Gulf until they reach the desired levels they're comfortable with.
Concerning other assets, those held in Vietnam and Venezuela are reportedly close to receiving a formal offer from TNK-BP this week, which is a joint venture between between and a group of Russian billionaires.
Although BP refused to comment on this strategy, they did confirm they sold a part of their stake in deepwater oil field Tubular Bells to existing partner Hess Corporation (NYSE:HES).
That will double the stake Hess holds in the oil field to 40 percent, with BP's stake dropping to 30 percent.
BP at this time has oil production going at over 20 deepwater offshore wells in the Gulf, the largest operator in the area, and the largest license holder.
The goal concerning capital spending for the year is to cut it by somewhere around 10 percent, as they push toward raising more capital to pay for liabilities connected to the oil spill.
So we should see BP selling more of their operatorships in the Gulf until they reach the desired levels they're comfortable with.
Concerning other assets, those held in Vietnam and Venezuela are reportedly close to receiving a formal offer from TNK-BP this week, which is a joint venture between between and a group of Russian billionaires.
Monday, August 2, 2010
Barclays (NYSE:BCS) Maintains "Overweight" on Hess (NYSE:HES)
Barclays (NYSE:BCS) reiterated its "Overweight" rating on Hess Corp.
(NYSE:HES), while increasing its price target on the company from $74 to $75 a share.
"Although HES may lack visible catalysts in the next 6 months, we are buyers of the shares here. We think that the current risk/reward ratio is compelling, following the shares' recent poor performance...We raise our 2010 and 2011 EPS estimates for HES to $4.60 and $6.35, from $4.55 and $6.00, respectively," said a Barclays analyst.
The energy company closed Friday at $53.59, dropping $0.26, or 0.48 percent. Volume traded was almost the exact of the three-month average.
(NYSE:HES), while increasing its price target on the company from $74 to $75 a share.
"Although HES may lack visible catalysts in the next 6 months, we are buyers of the shares here. We think that the current risk/reward ratio is compelling, following the shares' recent poor performance...We raise our 2010 and 2011 EPS estimates for HES to $4.60 and $6.35, from $4.55 and $6.00, respectively," said a Barclays analyst.
The energy company closed Friday at $53.59, dropping $0.26, or 0.48 percent. Volume traded was almost the exact of the three-month average.
Wednesday, July 28, 2010
Hess (NYSE:HES) Earnings Explode in Second Quarter
Hess Corp. (NYSE:HES) increased earnings by close to four times what it was last year, as demand for gasoline and diesel led them to the solid quarter.
Earnings for the quarter were $375 million, or $1.15 a share, far above the $100 million, or 31 cents a share, in the same quarter last year.
Revenue grew to $7.75 billion, a 15 percent improvement over the prior quarter. Revenue failed to meet estimates, as analysts had been looking for $8.93 billion, with earnings of $1.13 a share.
This seems to mirror the performance of other companies already reporting, as margins were up significantly, which seems to be the impetus behind the performance of Hess as well.
Their exploration-and-production segment is by far the largest generator of profits for Hess, and that unit increased by 94 percent, as production gained 2 percent and prices for oil rose 32 percent and prices for natural gas were up 22 percent.
Earnings for the quarter were $375 million, or $1.15 a share, far above the $100 million, or 31 cents a share, in the same quarter last year.
Revenue grew to $7.75 billion, a 15 percent improvement over the prior quarter. Revenue failed to meet estimates, as analysts had been looking for $8.93 billion, with earnings of $1.13 a share.
This seems to mirror the performance of other companies already reporting, as margins were up significantly, which seems to be the impetus behind the performance of Hess as well.
Their exploration-and-production segment is by far the largest generator of profits for Hess, and that unit increased by 94 percent, as production gained 2 percent and prices for oil rose 32 percent and prices for natural gas were up 22 percent.
Thursday, June 3, 2010
Hess Corporation (NYSE:HES) Declares Quarterly Dividend
Hess Corporation's (NYSE:HES) Board of Directors have declared a quarterly dividend today on shares of common stock in the company.
The regular quarterly dividend will be 10 cents a share, payable to shareholders of record at the close of business on June 16, 2010, and to be paid out on June 30, 2010.
Hess Corporation, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.
Hess stock has a 52-week range of $46.33 - $66.49, and stood at just under $53 a share at mid-day trading.
The regular quarterly dividend will be 10 cents a share, payable to shareholders of record at the close of business on June 16, 2010, and to be paid out on June 30, 2010.
Hess Corporation, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.
Hess stock has a 52-week range of $46.33 - $66.49, and stood at just under $53 a share at mid-day trading.
Friday, March 5, 2010
Reliance (NSE:RELIANCE) Adds Bahama Clean Storage
Reliance Clean Storage Facilities
Reliance Industries (NSE:RELIANCE) in a bid to expand its business in the United States has leased a storage facility in the Bahamas that will hold about 1.2 million barrels of clean storage. The Borco Terminal is the specific storage facility leased by the Indian company.
This is the second clean storage facility leased by the company, as they've also leased 800,000 barrels of clean storage based in the harbor of New York from the Hess Corporation (NYSE:HES).
The deal for Borco has actually been done for some time, as it was reportedly completed sometime in the second half of 2009, although just being released.
To serve the European and Mediterranean markets, last year Reliance secured a clean storage facility at Ashkelon in Israel.
Reliance Clean Storage Facilities
Reliance Industries (NSE:RELIANCE) in a bid to expand its business in the United States has leased a storage facility in the Bahamas that will hold about 1.2 million barrels of clean storage. The Borco Terminal is the specific storage facility leased by the Indian company.
This is the second clean storage facility leased by the company, as they've also leased 800,000 barrels of clean storage based in the harbor of New York from the Hess Corporation (NYSE:HES).
The deal for Borco has actually been done for some time, as it was reportedly completed sometime in the second half of 2009, although just being released.
To serve the European and Mediterranean markets, last year Reliance secured a clean storage facility at Ashkelon in Israel.
Reliance Clean Storage Facilities
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