Bankrate (NASDAQ: RATE), Rockwell Medical (NASDAQ: RMTI), Raptor Pharmaceutical Corp. (NASDAQ: RPTP), Crexus Investment (NYSE: CXS), Delphi Automotive PLC (NASDAQ: DLPH), DryShips Inc. (NASDAQ: DRYS) and China Kanghui Holdin (NYSE: KH) getting new coverage from analysts.
Goldman Sachs (NYSE:GS) initiated coverage on Bankrate (RATE). They placed a “Buy” rating on the company.
Canaccord Genuity initiated coverage on Rockwell Medical (RMTI). They placed a “Buy” rating and a price target of $14.00 on the company.
Leerink Swann initiated coverage on Raptor Pharmaceutical Corp. (RPTP). They placed an “Outperform” rating on the company.
Barclays Capital (NYSE:BCS) initiated coverage on Crexus Investment (CXS). They placed an “Equal Weight” rating on the company.
Deutsche Bank (NYSE:DB) initiated coverage on Delphi Automotive PLC (DLPH). They placed a “Buy” rating on the company.
Imperial Capital initiated coverage on DryShips Inc. (DRYS). They placed an “In-line” rating on the company.
Barclays Capital initiated coverage on China Kanghui Holdings (KH). They placed an “Overweight” rating on the company.
Showing posts with label Dryships. Show all posts
Showing posts with label Dryships. Show all posts
Wednesday, January 4, 2012
Saturday, May 21, 2011
Price Targets (A) (CXPO) (DAL) (DAR) (DRYS) Weekly Recap
Price targets on shares of Agilent Technologies Inc. (NYSE: A), Crimson Exploration (NASDAQ: CXPO), Delta Air Lines (NYSE: DAL), Darling International Inc. (NYSE: DAR) and DryShips Inc. (NASDAQ: DRYS) updated by analysts during the last week.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities raised their price target on Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities raised their price target on Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Wednesday, May 18, 2011
Price Targets on (A) (CXPO) (DAL) (DAR) (DRYS) Updated
Price targets on Agilent Technologies Inc. (NYSE: A), Crimson Exploration (NASDAQ: CXPO), Delta Air Lines (NYSE: DAL), Darling International Inc. (NYSE: DAR) and DryShips Inc. (NASDAQ: DRYS) were updated by analysts.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities analysts raised their price target on of Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities analysts raised their price target on of Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Monday, May 16, 2011
Price Targets on (A) (CXPO) (DAL) (DAR) (DRYS) Updated
Price targets on Agilent Technologies Inc. (NYSE: A), Crimson Exploration (NASDAQ: CXPO), Delta Air Lines (NYSE: DAL), Darling International Inc. (NYSE: DAR) and DryShips Inc. (NASDAQ: DRYS) were updated by analysts.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities analysts raised their price target on of Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Agilent Technologies Inc. (A) from $56.00 to $65.00. They have a “buy” rating on the company.
Global Hunter Securities analysts raised their price target on of Crimson Exploration (CXPO) from $6.20 to $6.52.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Delta Air Lines (DAL) from $18.50 to $20.00.
Goldman Sachs (NYSE:GS) raised their price target on Darling International Inc. (DAR) to $20.00. They have a “buy” rating on the company.
Goldman Sachs cut their price target on DryShips Inc. (DRYS) to $5.50. They have a “neutral” rating on the company.
Monday, March 7, 2011
Arena Pharma (ARNA), SunTech Power (STP), DryShips (DRYS), Molycorp (MCP) Reporting This Week
A diverse set of companies will be closing down the earnings season, as Arena Pharma (ARNA), SunTech Power (STP), DryShips (DRYS) and Molycorp (MCP) will post results this week.
This will be against the backdrop of uncertainty concerning oil prices, which will be watched closely as to how it will impact the overall economy and market.
There will be a number of retailers finishing off the earnings season as well, with Aeropostale (ARO), American Eagle Outfitters (AEO), AnnTaylor (ANN) and Urban Outfitters (URBN), among others, set to report.
Molycorp closed Friday at $49.26, down $0.57, or 1.14 percent. They've been a beneficiary of the decision by the Chinese that they were going to cut back on rare earths exports.
Dryships closed at $5.04, level with the close of the session before. Suntech Power closed Friday at $9.43, losing $0.06, or 0.63 percent. Arena Phama dropped to $1.58, falling $0.03, or 1.86 percent.
This will be against the backdrop of uncertainty concerning oil prices, which will be watched closely as to how it will impact the overall economy and market.
There will be a number of retailers finishing off the earnings season as well, with Aeropostale (ARO), American Eagle Outfitters (AEO), AnnTaylor (ANN) and Urban Outfitters (URBN), among others, set to report.
Molycorp closed Friday at $49.26, down $0.57, or 1.14 percent. They've been a beneficiary of the decision by the Chinese that they were going to cut back on rare earths exports.
Dryships closed at $5.04, level with the close of the session before. Suntech Power closed Friday at $9.43, losing $0.06, or 0.63 percent. Arena Phama dropped to $1.58, falling $0.03, or 1.86 percent.
Wednesday, February 23, 2011
Rio Tinto (RIO), Vale (VALE), Teck Resources (TCK), BHP (BHP) Battered as Commodity Futures Drop
Equities linked to commodities took a big hit, as Rio Tinto (RIO), Vale (VALE), Teck Resources (TCK) and BHP (BHP) all ended down on Tuesday.
BHP Billiton did better than its competitors, as the company announced a deal to acquire the Arkansas shale-gas assets of Chesapeake Energy (CHK) for close to $4.75 billion.
The selloff had an impact the shares of almost every company that plays in natural resources, from steelmakers to miners of industrial metals to chemicals producers to agricultural companies to the shipping concerns that transport those raw materials across the waters.
The drop in cyclical names came on the heels of a huge decline in the broader equities market Thursday, with the DJIA posting triple-digit losses as investors reacted to the prospect of a continually destabilizing Middle East and what that would do to oil prices.
Commodities futures led the tumble into the red. The front-month copper contract was falling nearly 17 cents to $4.32 a pound on the Globex division of the CME, declining from a record high of $4.66.
Agricultural commodities were also plunging. In Chicago trading, the May corn futures contract was losing 30 cents to fall below $7 a bushel.
The several reasons for the commodity declines. First, a growing number of traders believe the run-up in commodities prices has resulted a priced-to-perfection environment in basic materials stocks.
Recent concerns over the contagious Middle Eastern political unrest reached the first major oil producing nation in Libya this weekend, driving crude prices up.
Energy prices are connected with food prices, and inflation in both sectors has raised the possibility of central banks around the world putting inflation-cutting measures in place on their economies, which would slow growth.
The greatest uncertainty remains the Federal Reserve's zero-interest rate policy and quantitative-easing programs, and what the consequences to the economy, and commodities markets will be, once that rug is pulled out from under them.
The supply side of the commodities sector continues to look bullish, with the macro-trends still in place: food stocks are tight, and metals production still faces challenges.
It's demand that investors seem to be concerned about now, and the level to which any interest-rate tightening by monetary authorities around the world impacts international growth.
Steelmakers, already under pressure, probably fared the worst. ArcelorMittal's (MT) plummeted 5.3%, U.S. Steel (X) almost 7%, and AK Steel (AKS) 7.5%.
Fertilizer giants Potash (POT), CF Industries (CF) and Mosaic (MOS) were hit hard as well, falling 6.3%, 4% and 3.7%, respectively.
Dry-bulk shipping firms were also getting blasted. Diana Shipping(DSX) dropped close to 5%. DryShips (DRYS) was falling by a about the same, while Genco Shipping & Trading (GNK) plunged 7%.
BHP Billiton did better than its competitors, as the company announced a deal to acquire the Arkansas shale-gas assets of Chesapeake Energy (CHK) for close to $4.75 billion.
The selloff had an impact the shares of almost every company that plays in natural resources, from steelmakers to miners of industrial metals to chemicals producers to agricultural companies to the shipping concerns that transport those raw materials across the waters.
The drop in cyclical names came on the heels of a huge decline in the broader equities market Thursday, with the DJIA posting triple-digit losses as investors reacted to the prospect of a continually destabilizing Middle East and what that would do to oil prices.
Commodities futures led the tumble into the red. The front-month copper contract was falling nearly 17 cents to $4.32 a pound on the Globex division of the CME, declining from a record high of $4.66.
Agricultural commodities were also plunging. In Chicago trading, the May corn futures contract was losing 30 cents to fall below $7 a bushel.
The several reasons for the commodity declines. First, a growing number of traders believe the run-up in commodities prices has resulted a priced-to-perfection environment in basic materials stocks.
Recent concerns over the contagious Middle Eastern political unrest reached the first major oil producing nation in Libya this weekend, driving crude prices up.
Energy prices are connected with food prices, and inflation in both sectors has raised the possibility of central banks around the world putting inflation-cutting measures in place on their economies, which would slow growth.
The greatest uncertainty remains the Federal Reserve's zero-interest rate policy and quantitative-easing programs, and what the consequences to the economy, and commodities markets will be, once that rug is pulled out from under them.
The supply side of the commodities sector continues to look bullish, with the macro-trends still in place: food stocks are tight, and metals production still faces challenges.
It's demand that investors seem to be concerned about now, and the level to which any interest-rate tightening by monetary authorities around the world impacts international growth.
Steelmakers, already under pressure, probably fared the worst. ArcelorMittal's (MT) plummeted 5.3%, U.S. Steel (X) almost 7%, and AK Steel (AKS) 7.5%.
Fertilizer giants Potash (POT), CF Industries (CF) and Mosaic (MOS) were hit hard as well, falling 6.3%, 4% and 3.7%, respectively.
Dry-bulk shipping firms were also getting blasted. Diana Shipping(DSX) dropped close to 5%. DryShips (DRYS) was falling by a about the same, while Genco Shipping & Trading (GNK) plunged 7%.
Tuesday, January 4, 2011
DryShips (Nasdaq:DRYS) Crushed on Morgan Stanley (NYSE:MS) Downgrade
Morgan Stanley (NYSE:MS) downgraded DryShips (Nasdaq:DRYS) on Monday, citing what they considered a bad deal, where they're going to spend $800 million to acquire 12 oil tankers.
They believe Dryships overpaid for the tankers by close to $50 million.
Morgan Stanley shipping analyst Ole Slorer said, "The transaction significantly changes (DryShips') asset profile - in a negative way, in our view. We believe it has become difficult to value in light of its recent move."
Slorer doesn't like the overall maritime crude-oil transport sector either, saying he doesn't believe it'll reach bottom until 2012.
Morgan lowered their rating from "Overweight" to "Underweight" on Dryships, which closed Monday at $5.19, down $0.30, or 5.46 percent.
They believe Dryships overpaid for the tankers by close to $50 million.
Morgan Stanley shipping analyst Ole Slorer said, "The transaction significantly changes (DryShips') asset profile - in a negative way, in our view. We believe it has become difficult to value in light of its recent move."
Slorer doesn't like the overall maritime crude-oil transport sector either, saying he doesn't believe it'll reach bottom until 2012.
Morgan lowered their rating from "Overweight" to "Underweight" on Dryships, which closed Monday at $5.19, down $0.30, or 5.46 percent.
Thursday, December 30, 2010
National-Oilwell Varco (NYSE:NOV) EPS Estimates, PT Raised on Rig Orders
National-Oilwell Varco (NYSE:NOV) had its price target and EPS estimates raised by Global Hunter Securities on increased rig orders.
Global noted, "We are increasing our price target to $90 and our 2011 and 2012 EPS estimates to $4.47 and $5.20, respectively, up from $3.67 and $4.40. There has been a recent influx of offshore rig orders (24 this quarter alone, which does not include options and the four drillships Ocean Rig, a subsidiary of DryShips Inc. (Nasdaq:DRYS), recently announced expectations to construct), and subsequent discussions with offshore drilling contractors suggests more rig orders will be placed.
"We are now forecasting orders of $1.5 billion this quarter, $5.1 billion in 2011 and $4.0 billion in 2012, which compares to our prior estimate of $600 million, $4.1 billion and $3.6 billion, respectively."
Global Hunter Securities maintains a "Buy" rating on National-Oilwell Varco, which was trading at $66.24, down $0.07, or 0.11 percent, as of 12:02 PM EST. Global raised their price target on them from $68 to $90.
Global noted, "We are increasing our price target to $90 and our 2011 and 2012 EPS estimates to $4.47 and $5.20, respectively, up from $3.67 and $4.40. There has been a recent influx of offshore rig orders (24 this quarter alone, which does not include options and the four drillships Ocean Rig, a subsidiary of DryShips Inc. (Nasdaq:DRYS), recently announced expectations to construct), and subsequent discussions with offshore drilling contractors suggests more rig orders will be placed.
"We are now forecasting orders of $1.5 billion this quarter, $5.1 billion in 2011 and $4.0 billion in 2012, which compares to our prior estimate of $600 million, $4.1 billion and $3.6 billion, respectively."
Global Hunter Securities maintains a "Buy" rating on National-Oilwell Varco, which was trading at $66.24, down $0.07, or 0.11 percent, as of 12:02 PM EST. Global raised their price target on them from $68 to $90.
Tuesday, December 28, 2010
DryShips (NASDAQ:DRYS) EPS Estimates Changed on Tanker Business Entry
News that DryShips (NASDAQ:DRYS) has entered the crude tanker shipping market has Jefferies and others changing their EPS estimates on the company.
Dryships announced they're acquiring twelve ships built from scratch, with six of them being Aframaxes and six being Suesmaxes.
The ships are expected to be delivered from 2011 to 2013, costing the company $770 million. They've paid $120 million of that at this time.
Not too long ago Dryships sold off about 22 percent of their interest in Ocean Rig, helping to offset the acquisition.
They are either going to IPO their tanker assets in 2011 or spin them off.
Jefferies raised their full year 2010 EPS estimate on Dryships by $0.01 to $1.08, and have changed their full year 2011 EPS/EBITDA estimates from $1.02/$755.8 to $0.94/$767.8.
Jefferies maintains their "Hold" rating on DryShips, which was trading at $5.54, down $0.01, or 0.18 percent, as of 11:23 AM EST.
Dryships announced they're acquiring twelve ships built from scratch, with six of them being Aframaxes and six being Suesmaxes.
The ships are expected to be delivered from 2011 to 2013, costing the company $770 million. They've paid $120 million of that at this time.
Not too long ago Dryships sold off about 22 percent of their interest in Ocean Rig, helping to offset the acquisition.
They are either going to IPO their tanker assets in 2011 or spin them off.
Jefferies raised their full year 2010 EPS estimate on Dryships by $0.01 to $1.08, and have changed their full year 2011 EPS/EBITDA estimates from $1.02/$755.8 to $0.94/$767.8.
Jefferies maintains their "Hold" rating on DryShips, which was trading at $5.54, down $0.01, or 0.18 percent, as of 11:23 AM EST.
Friday, December 10, 2010
More Upside for DryShips (Nasdaq:DRYS)
DryShips (Nasdaq:DRYS) has enjoyed a big boost today as an analyst from Credit Suisse (NYSE:CS) upgraded the shipping company, along with his price target on them.
Dryships announced last week it is going to raise $500 million via a private offering, which they're going to use to "finance construction costs of the ultra deepwater newbuilding drillships under construction at Samsung, exercise options to build further ultra deepwater drillships and general corporate purposes."
The private placement is expected to close before the end of 2010. Only qualified institutional investors in the U.S. and Norwegion professionals not residents in America will be allowed to participate.
Credit Suisse upgraded DryShips from "Neutral" to "Outperform." They were trading at $6.34, up $0.34, or 5.58 percent, as of 1:51 PM EST. They also increased their price target on DryShips from $5 to $9.
Other traders believe DryShips has more upside than they've moved today so far.
Dryships announced last week it is going to raise $500 million via a private offering, which they're going to use to "finance construction costs of the ultra deepwater newbuilding drillships under construction at Samsung, exercise options to build further ultra deepwater drillships and general corporate purposes."
The private placement is expected to close before the end of 2010. Only qualified institutional investors in the U.S. and Norwegion professionals not residents in America will be allowed to participate.
Credit Suisse upgraded DryShips from "Neutral" to "Outperform." They were trading at $6.34, up $0.34, or 5.58 percent, as of 1:51 PM EST. They also increased their price target on DryShips from $5 to $9.
Other traders believe DryShips has more upside than they've moved today so far.
Monday, December 6, 2010
DryShips' (NASDAQ:DRYS) Cyclical Fleet Growth Management Questioned by Goldman (NYSE:GS)
Goldman Sachs (NYSE:GS) said they have concerns over the historical ability of DryShips (NASDAQ:DRYS) to manage the fleet growth during cyclical times, and maintain their "Neutral" rating on them whiel lowering their EPS estimates on them through 2012.
"Although we see attractive drill ship demand dynamics and view the proposed private transaction positively (as it would remove some uncertainty around drill ships financing); we remain Neutral rated given DRYS’s less positive record of managing fleet growth through the cycle and a higher risk premium given significant related party transactions," said Goldman.
EPS estimates for full year 2010 were dropped from $1.24 to $1.14, for full year 2011 from $1.21 to $1.18, and for full year 2012 from $1.47 to $1.43.
Dryships was trading at $6.21 , up by $0.33, or 5.66 percent as of 12:32 PM EST. Volume was over double the daily 3-month trading average already.
Morgan Stanley (NYSE:MS) raised their rice target on DryShips to $9.50, up from their prior rating of $9. They maintain a "Overweight" rating on them.
"Although we see attractive drill ship demand dynamics and view the proposed private transaction positively (as it would remove some uncertainty around drill ships financing); we remain Neutral rated given DRYS’s less positive record of managing fleet growth through the cycle and a higher risk premium given significant related party transactions," said Goldman.
EPS estimates for full year 2010 were dropped from $1.24 to $1.14, for full year 2011 from $1.21 to $1.18, and for full year 2012 from $1.47 to $1.43.
Dryships was trading at $6.21 , up by $0.33, or 5.66 percent as of 12:32 PM EST. Volume was over double the daily 3-month trading average already.
Morgan Stanley (NYSE:MS) raised their rice target on DryShips to $9.50, up from their prior rating of $9. They maintain a "Overweight" rating on them.
Subscribe to:
Posts (Atom)