Showing posts with label Noble Energy. Show all posts
Showing posts with label Noble Energy. 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.
Wednesday, February 22, 2012
Trina (TSL) (PXD) (NBL) (APA) (APC) (DNDN) (DVN) Ratings, Price Targets
Trina Solar (TSL), Pioneer Natural Resources (PXD), Noble Energy (NBL), Apache (APA), Anadarko Petroleum (APC), Dendreon Co. (DNDN) and Devon Energy Co. (DVN) had ratings and price targets on them adjusted by analysts.
Guggenheim initiated coverage on Pioneer Natural Resources (PXD). They placed a "Neutral" rating on the company.
Brigantine initiated coverage on Trina Solar (TSL). They placed a "Hold" rating on the company.
Guggenheim initiated coverage on Noble Energy (NBL). They placed a "Buy" rating on the company.
Guggenheim initiated coverage on Apache (APA). They placed a "Buy" rating on the company.
Guggenheim initiated coverage on Anadarko Petroleum (APC). They placed a "Buy" rating on the company.
Citigroup initiated coverage on Dendreon Co. (DNDN). They placed a "Neutral" rating on the company.
Guggenheim initiated coverage on Devon Energy Co. (DVN). They placed a "Buy" rating on the company.
Guggenheim initiated coverage on Pioneer Natural Resources (PXD). They placed a "Neutral" rating on the company.
Brigantine initiated coverage on Trina Solar (TSL). They placed a "Hold" rating on the company.
Guggenheim initiated coverage on Noble Energy (NBL). They placed a "Buy" rating on the company.
Guggenheim initiated coverage on Apache (APA). They placed a "Buy" rating on the company.
Guggenheim initiated coverage on Anadarko Petroleum (APC). They placed a "Buy" rating on the company.
Citigroup initiated coverage on Dendreon Co. (DNDN). They placed a "Neutral" rating on the company.
Guggenheim initiated coverage on Devon Energy Co. (DVN). They placed a "Buy" rating on the company.
Monday, February 13, 2012
Noble (NBL) (CHK) (PQ) (CIE) (COP) (HERO) (LNKD) Ratings, Price Targets
Noble Energy (NYSE: NBL), Chesapeake Energy (NYSE: CHK), PetroQuest Energy, Inc. (NYSE: PQ), Cobalt International Energy (NYSE: CIE), ConocoPhillips (NYSE: COP), Hercules Offshore, Inc. (NASDAQ: HERO) and Linkedin Co. (NASDAQ: LNKD) had ratings and price targets on them adjusted by analysts.
Noble Energy (NBL) had its price target raised by Wunderlich from $118.00 to $129.00. They have a “Buy” rating on the company.
Chesapeake Energy (CHK) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
PetroQuest Energy, Inc. (PQ) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating. They have a price target of $7.60 on the company, down from $14.00.
Cobalt International Energy (CIE) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $41.00 on the company, up from $23.00.
ConocoPhillips (COP) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $90.00 on the company, up from $82.00.
Hercules Offshore, Inc. (HERO) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Linkedin Co. (LNKD) had its price target raised by Goldman Sachs (NYSE:GS) from $70.00 to $80.00. They have a “Neutral” rating on the company.
Noble Energy (NBL) had its price target raised by Wunderlich from $118.00 to $129.00. They have a “Buy” rating on the company.
Chesapeake Energy (CHK) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
PetroQuest Energy, Inc. (PQ) was downgraded by Global Hunter Securities from a “Buy” rating to an “Accumulate” rating. They have a price target of $7.60 on the company, down from $14.00.
Cobalt International Energy (CIE) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $41.00 on the company, up from $23.00.
ConocoPhillips (COP) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $90.00 on the company, up from $82.00.
Hercules Offshore, Inc. (HERO) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Linkedin Co. (LNKD) had its price target raised by Goldman Sachs (NYSE:GS) from $70.00 to $80.00. They have a “Neutral” rating on the company.
Saturday, February 4, 2012
Noble (NBL) (PTEN) (PWER) (NOV) (MRO) (EXXI) Ratings, Price Targets
Noble Energy (NYSE: NBL), Patterson-UTI (NASDAQ: PTEN), Power-One, Inc. (NASDAQ: PWER), National-Oilwell Varco, Inc. (NYSE: NOV), Marathon Oil Co. (NYSE: MRO) and Energy XXI (NASDAQ: EXXI) had ratings and price targets on them adjusted by analysts.
Credit Suisse initiated coverage on Noble Energy (NYSE: NBL). They placed an “Outperform” rating and a price target of $116.00 on the company.
Patterson-UTI (PTEN) had its “Buy” rating reiterated by Canaccord Genuity.
Power-One, Inc. (PWER) had its “Hold” rating reiterated by Needham & Company.
National-Oilwell Varco, Inc. (NOV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating.
Marathon Oil Co. (MRO) had its price target raised by Scotia Capital to $35.00.
Energy XXI (EXXI) had its price target raised by Rodman & Renshaw from $37.00 to $40.00. They have an “Outperform” rating on the company.
Credit Suisse initiated coverage on Noble Energy (NYSE: NBL). They placed an “Outperform” rating and a price target of $116.00 on the company.
Patterson-UTI (PTEN) had its “Buy” rating reiterated by Canaccord Genuity.
Power-One, Inc. (PWER) had its “Hold” rating reiterated by Needham & Company.
National-Oilwell Varco, Inc. (NOV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating.
Marathon Oil Co. (MRO) had its price target raised by Scotia Capital to $35.00.
Energy XXI (EXXI) had its price target raised by Rodman & Renshaw from $37.00 to $40.00. They have an “Outperform” rating on the company.
Friday, May 27, 2011
Anadarko (APC) (CXO) (NBL) Jump on Upgrades, Higher Oil Prices
Shares of Anadarko Petroleum (NYSE: APC), Concho Resources Inc. (NYSE: CXO) and Noble Energy (NYSE: NBL) were trading up today after being upgraded by analysts and oil prices trading up.
At just before 12:00 PM EDT, U.S. crude for July delivery was up 26 cents at $100.49 a barrel. Earlier in the day it traded as high as $101.24.
In London, ICE July Brent fell 23 cents to $114.82.
Sterne Agee upgraded Noble Energy (NBL) from a “neutral” rating to a “buy” rating. They have a price target of $107.00 on the company.
Sterne Agee upgraded Anadarko Petroleum (APC) from a “neutral” rating to a “buy” rating. They have a price target of $97.00 on the company.
Wunderlich upgraded Concho Resources Inc. (CXO) from a “hold” rating to a “buy” rating. They have a price target of $105.00 on the company.
Noble Energy was trading at $91.87, gaining $1.08, or 1.19 percent, as of 1:06 PM EDT. Concho Resources was at $96.15, jumping $1.99, or 2.11 percent. Anadarko Petroleum was at $78.54, up $0.65, or 0.83 percent.
At just before 12:00 PM EDT, U.S. crude for July delivery was up 26 cents at $100.49 a barrel. Earlier in the day it traded as high as $101.24.
In London, ICE July Brent fell 23 cents to $114.82.
Sterne Agee upgraded Noble Energy (NBL) from a “neutral” rating to a “buy” rating. They have a price target of $107.00 on the company.
Sterne Agee upgraded Anadarko Petroleum (APC) from a “neutral” rating to a “buy” rating. They have a price target of $97.00 on the company.
Wunderlich upgraded Concho Resources Inc. (CXO) from a “hold” rating to a “buy” rating. They have a price target of $105.00 on the company.
Noble Energy was trading at $91.87, gaining $1.08, or 1.19 percent, as of 1:06 PM EDT. Concho Resources was at $96.15, jumping $1.99, or 2.11 percent. Anadarko Petroleum was at $78.54, up $0.65, or 0.83 percent.
Friday, October 1, 2010
BP (NYSE:BP), Exxon (NYSE:XOM) Dispute Pushes Noble (NYSE:NE) Shares Down
The announcement by Noble Corp. (NYSE:NE) they were in the midst of arbitrating a disagreement between BP Plc (NYSE:BP) and Exxon Mobil Corp. (NYSE:XOM) over one of their rigs pushed the price of Noble shares down over 3 percent Thursday.
The Homer Ferrington rig is the one being fought over, which has been idle since April 24 in Libya, while the two oil giants hash out their differences.
Noble said in a regulatory filing that they had "initiated arbitration proceedings” and “Payment of the dayrate is subject to the resolution of this dispute.”
At the same time, Noble revealed a large number of their rigs had experience “a significant increase in downtime.”
In the filing Noble added that during the “period of limitation on certain activities” the the Noble Driller rig leased to Royal Dutch Shell Plc (NYSE:RDS-a) has a daily “suspension rate” of $46,000 to $48,000."
Starting in 2011, the rig should work at a daily rate of $382,000 to $384,000.
The Homer Ferrington rig is the one being fought over, which has been idle since April 24 in Libya, while the two oil giants hash out their differences.
Noble said in a regulatory filing that they had "initiated arbitration proceedings” and “Payment of the dayrate is subject to the resolution of this dispute.”
At the same time, Noble revealed a large number of their rigs had experience “a significant increase in downtime.”
In the filing Noble added that during the “period of limitation on certain activities” the the Noble Driller rig leased to Royal Dutch Shell Plc (NYSE:RDS-a) has a daily “suspension rate” of $46,000 to $48,000."
Starting in 2011, the rig should work at a daily rate of $382,000 to $384,000.
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.
Monday, September 20, 2010
Noble Energy (NYSE:NBL) Downgraded by UBS (NYSE:UBS)
Although the long term prospects for (NYSE:NBL) look pretty bright, UBS (NYSE:UBS) downgraded them from "Buy" to "Neutral," saying to stock price could be too hefty in relationship to its competitors.
Production in the short term hasn't kept up with their peers and is producing a cash flow shortfall, according to the UBS analyst, although he acknowledged the downgrade may be premature.
Even so, UBS Securities analyst William Featherstone said he thinks the company has moved ahead of the fundamentals, the reason for the downgrade.
Featherstone said the stock is trading at a 20 percent premium to its peers at this time. He maintained his price target of $76 on Noble.
The energy company closed at $74.06 Friday, down $1.54, or 2.04 percent.
Production in the short term hasn't kept up with their peers and is producing a cash flow shortfall, according to the UBS analyst, although he acknowledged the downgrade may be premature.
Even so, UBS Securities analyst William Featherstone said he thinks the company has moved ahead of the fundamentals, the reason for the downgrade.
Featherstone said the stock is trading at a 20 percent premium to its peers at this time. He maintained his price target of $76 on Noble.
The energy company closed at $74.06 Friday, down $1.54, or 2.04 percent.
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