Noble Energy (NYSE: NBL), Career Education Corp. (NASDAQ: CECO), Corinthian Colleges, Inc. (NASDAQ: COCO), NuVasive (NASDAQ: NUVA), Joy Global Inc. (NYSE: JOY) and Domino’s Pizza, Inc. (NYSE: DPZ) had price targets on them adjusted by analysts.
Career Education Corp. (CECO) had its price target lowered by Piper Jaffray (NYSE:PJC) to $7.00.
Corinthian Colleges, Inc. (COCO) had its price target lowered by Piper Jaffray to $4.00.
Noble Energy (NBL) had its price target raised by RBC Capital from $125.00 to $130.00. They have an “Outperform” rating on the company.
NuVasive (NUVA) had its price target lowered by Kaufman Brothers from $21.00 to $15.00. They have a “Hold” rating on the company.
Joy Global Inc. (JOY) had its price target raised by RBC Capital from $93.00 to $97.00. They have an “Outperform” rating on the company.
Domino’s Pizza, Inc. (DPZ) had its price target raised by Argus from $35.00 to $39.00. They have a “Buy” rating on the company.
Showing posts with label Noble Energy. Show all posts
Showing posts with label Noble Energy. Show all posts
Thursday, January 5, 2012
Thursday, December 29, 2011
MWI (MWIV) (NBL) (PEBO) (PII) (SBX) Ratings, Price Targets
MWI Veterinary Supply Inc. (NASDAQ: MWIV), Noble Energy (NYSE: NBL), Peoples Bancorp Inc. (NASDAQ: PEBO), Polaris Industries Inc. (NYSE: PII) and Seabright Holdings, Inc. (NYSE: SBX) ratings and price targets.
MWI Veterinary Supply Inc. (MWIV) was upgraded by CL King from a “Buy” rating to a “Strong Buy” rating.
Noble Energy (NBL) had its “Overweight” rating reiterated by JPMorgan Chase & Co. (NYSE:JPM).
Peoples Bancorp Inc. (PEBO) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Polaris Industries Inc. (PII) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Seabright Holdings, Inc. (SBX) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
MWI Veterinary Supply Inc. (MWIV) was upgraded by CL King from a “Buy” rating to a “Strong Buy” rating.
Noble Energy (NBL) had its “Overweight” rating reiterated by JPMorgan Chase & Co. (NYSE:JPM).
Peoples Bancorp Inc. (PEBO) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Polaris Industries Inc. (PII) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Seabright Holdings, Inc. (SBX) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
Forest Oil (FST) (CAVM) (NBL) (MRX) (TOFC) (TWIN) Ratings, Price Targets
Forest Oil Co. (NYSE: FST), Cavium Networks, Inc. (NASDAQ: CAVM), Noble Energy (NYSE: NBL), Medicis Pharmaceuticals (NYSE: MRX), Tower Financial Co. (NASDAQ: TOFC) and Twin Disc Inc. (NASDAQ: TWIN) ratings and price targets.
CapitalOne initiated coverage on Forest Oil Co. (FST). The placed an “Add” rating on the company.
Cavium Networks, Inc. (CAVM) had its “Buy” rating reiterated by Auriga. They have a price target of $37.00 on the company.
Noble Energy (NBL) had its “Buy” rating reiterated by Sterne Agee. They have a price target of $117.00 on the company.
Medicis Pharmaceuticals (MRX) had its price target lowered by Deutsche Bank (NYSE:DB) to $41.00. They have a “Buy” rating on the company.
Tower Financial Co. (TOFC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Twin Disc Inc. (TWIN) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
CapitalOne initiated coverage on Forest Oil Co. (FST). The placed an “Add” rating on the company.
Cavium Networks, Inc. (CAVM) had its “Buy” rating reiterated by Auriga. They have a price target of $37.00 on the company.
Noble Energy (NBL) had its “Buy” rating reiterated by Sterne Agee. They have a price target of $117.00 on the company.
Medicis Pharmaceuticals (MRX) had its price target lowered by Deutsche Bank (NYSE:DB) to $41.00. They have a “Buy” rating on the company.
Tower Financial Co. (TOFC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Twin Disc Inc. (TWIN) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Thursday, November 17, 2011
Noble Energy (NBL) Ratings, Price Targets
Noble Energy (NYSE:NBL) ratings and price targets updates from analysts.
RBC Capital raised its price target on Noble Energy (NBL) from $112.00 to $118.00. They have an “Outperform” rating on the company.
Goldman Sachs (NYSE:GS) raised its price target on Noble Energy to $113.00. They have a "Buy" rating on the company.
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Noble Energy. They have a price target of $115.00 on the company.
Citigroup (NYSE:C) reiterated its “Buy” rating on Noble Energy (NBL). They have a price target of $110.00 on the company.
RBC Capital raised its price target on Noble Energy (NBL) from $112.00 to $118.00. They have an “Outperform” rating on the company.
Goldman Sachs (NYSE:GS) raised its price target on Noble Energy to $113.00. They have a "Buy" rating on the company.
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Noble Energy. They have a price target of $115.00 on the company.
Citigroup (NYSE:C) reiterated its “Buy” rating on Noble Energy (NBL). They have a price target of $110.00 on the company.
Thursday, November 10, 2011
Noble (NBL) (NXST) (PANL) (PDM) Price Targets Changed
Noble Energy (NYSE: NBL), Nexstar Broadcasting (NASDAQ: NXST), Universal Display Co. (NASDAQ: PANL) and Piedmont Office Realty Trust (NYSE: PDM) had price targets on them adjusted by analysts.
Noble Energy (NBL) had its price target raised by UBS AG (NYSE:UBS) from $111.00 to $113.00. They have a “Buy” rating on the company.
Nexstar Broadcasting (NXST) had its price target raised by Benchmark Co. to $12.00.
Universal Display Co. (PANL) had its price target raised by Brigantine from $56.00 to $59.00. They have a “Buy” rating on the company.
Piedmont Office Realty Trust (PDM) had its price target lowered by RBC Capital from $23.00 to $20.00. They have a “Sector Perform” rating on the company.
Noble Energy (NBL) had its price target raised by UBS AG (NYSE:UBS) from $111.00 to $113.00. They have a “Buy” rating on the company.
Nexstar Broadcasting (NXST) had its price target raised by Benchmark Co. to $12.00.
Universal Display Co. (PANL) had its price target raised by Brigantine from $56.00 to $59.00. They have a “Buy” rating on the company.
Piedmont Office Realty Trust (PDM) had its price target lowered by RBC Capital from $23.00 to $20.00. They have a “Sector Perform” rating on the company.
Wednesday, August 24, 2011
TiVo (TIVO) (WERN) (NBL) (COH) (TIVO) (HEI) Upgraded
TiVo Inc (NASDAQ: TIVO), Werner Enterprises, Inc. (NASDAQ: WERN), Noble Energy (NYSE: NBL), Coach (NYSE: COH), TiVo Inc (NASDAQ: TIVO) and HEICO (NYSE: HEI) upgraded by analysts.
Werner Enterprises, Inc. (WERN) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by SunTrust (NYSE:STI) from a “Neutral” rating to a “Buy” rating.
Noble Energy (NBL) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $106.00 on the company.
Coach (COH) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
TiVo Inc. (TIVO) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating. They have a price target of $11.00 on the company.
HEICO (HEI) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $55.00 on the company, up from $51.00.
Werner Enterprises, Inc. (WERN) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by SunTrust (NYSE:STI) from a “Neutral” rating to a “Buy” rating.
Noble Energy (NBL) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $106.00 on the company.
Coach (COH) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
TiVo Inc. (TIVO) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating. They have a price target of $11.00 on the company.
HEICO (HEI) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $55.00 on the company, up from $51.00.
Thursday, August 11, 2011
Newfield (NFX) (DVN) (EOG) (KOS) (NBL) Price Targets Changed
Newfield Exploration Co. (NYSE: NFX), Devon Energy Co. (NYSE: DVN), EOG Resources (NYSE: EOG), Kosmos Energy Ltd (NYSE: KOS) and Noble Energy (NYSE: NBL) have price targets adjusted by analysts.
Devon Energy Co. (DVN) had its price target lowered by Barclays Capital from $102.00 to $94.00. They have an “Overweight” rating on the company.
EOG Resources (EOG) had its price target lowered by Barclays Capital from $148.00 to $129.00. They have an “Overweight” rating on the company.
Kosmos Energy Ltd (KOS) had its price target lowered by Barclays Capital from $21.00 to $17.00. They have an “Equal Weight” rating on the company.
Noble Energy (NBL) had its price target lowered by Barclays Capital from $119.00 to $107.00. They have an “Overweight” rating on the company.
Newfield Exploration Co. (NFX) had its price target lowered by Barclays Capital from $93.00 to $80.00. They have an “Overweight” rating on the company.
Devon Energy Co. (DVN) had its price target lowered by Barclays Capital from $102.00 to $94.00. They have an “Overweight” rating on the company.
EOG Resources (EOG) had its price target lowered by Barclays Capital from $148.00 to $129.00. They have an “Overweight” rating on the company.
Kosmos Energy Ltd (KOS) had its price target lowered by Barclays Capital from $21.00 to $17.00. They have an “Equal Weight” rating on the company.
Noble Energy (NBL) had its price target lowered by Barclays Capital from $119.00 to $107.00. They have an “Overweight” rating on the company.
Newfield Exploration Co. (NFX) had its price target lowered by Barclays Capital from $93.00 to $80.00. They have an “Overweight” rating on the company.
Monday, August 8, 2011
Noble (NBL) (CLR) (CRM) (CSTR) (EOG) (IPI) (NBL) Upgraded
Noble Energy (NYSE: NBL), Continental Resources, Inc. (NYSE: CLR), Salesforce.com (NYSE: CRM), Coinstar (NASDAQ: CSTR), EOG Resources (NYSE: EOG), Intrepid Potash, Inc. (NYSE: IPI) and Noble Energy (NYSE: NBL) upgraded by analysts.
Continental Resources, Inc. (CLR) was upgraded by Global Hunter Securities from an “Accumulate” rating to a “Buy” rating. They have a price target of $78.00 on the company.
Salesforce.com (CRM) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Coinstar (CSTR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating.
EOG Resources (EOG) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $118.00 on the company, up from $114.00.
Intrepid Potash, Inc. (IPI) was upgraded by Scotia Capital to a “Sector Perform” rating.
Noble Energy (NBL) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Continental Resources, Inc. (CLR) was upgraded by Global Hunter Securities from an “Accumulate” rating to a “Buy” rating. They have a price target of $78.00 on the company.
Salesforce.com (CRM) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Coinstar (CSTR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating.
EOG Resources (EOG) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating. They have a price target of $118.00 on the company, up from $114.00.
Intrepid Potash, Inc. (IPI) was upgraded by Scotia Capital to a “Sector Perform” rating.
Noble Energy (NBL) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Monday, August 1, 2011
Potash (POT) (MJN) (LIFE) (NBL) (ODFL) (PTEN) Price Targets Changed
Mead Johnson Nutrition (NYSE: MJN), Life Technologies Corporation (NASDAQ: LIFE), Noble Energy (NYSE: NBL), Old Dominion (NASDAQ: ODFL), Potash Corp (NYSE: POT) and Patterson-UTI (NASDAQ: PTEN) price targets adjusted by analysts.
Mead Johnson Nutrition (MJN) had its price target raised by RBC Capital from $75.00 to $81.00. They have an “Outperform” rating on the company.
Life Technologies Corporation (LIFE) had its price target lowered by Barclays Capital from $61.00 to $55.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by Barclays Capital from $112.00 to $119.00. They have an “Overweight” rating on the company.
Old Dominion (ODFL) had its price target raised by RBC Capital from $43.00 to $48.00. They have an “Outperform” rating on the company.
Potash Corp. (POT) had its price target raised by UBS AG (NYSE:UBS) from $72.00 to $75.00. They have a “Buy” rating on the company.
Patterson-UTI (PTEN) had its price target raised by UBS AG from $34.00 to $36.00. They have a “Neutral” rating on the company.
Mead Johnson Nutrition (MJN) had its price target raised by RBC Capital from $75.00 to $81.00. They have an “Outperform” rating on the company.
Life Technologies Corporation (LIFE) had its price target lowered by Barclays Capital from $61.00 to $55.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by Barclays Capital from $112.00 to $119.00. They have an “Overweight” rating on the company.
Old Dominion (ODFL) had its price target raised by RBC Capital from $43.00 to $48.00. They have an “Outperform” rating on the company.
Potash Corp. (POT) had its price target raised by UBS AG (NYSE:UBS) from $72.00 to $75.00. They have a “Buy” rating on the company.
Patterson-UTI (PTEN) had its price target raised by UBS AG from $34.00 to $36.00. They have a “Neutral” rating on the company.
Noble (NBL) (BSX) (AGCO) (COKE) (KEX) (MMI) Price Targets Changed
Noble Energy (NYSE: NBL), Boston Scientific (NYSE: BSX), AGCO Corp. (NASDAQ: AGCO), Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE), Kirby Co. (NYSE: KEX) and Motorola Mobility (NYSE: MMI) price targets adjusted by analysts.
Boston Scientific (NYSE: BSX) had its price target lowered by Citigroup (NYSE:C) to $7.30.
AGCO Corp. (AGCO) had its price target cut by RBC Capital from $64.00 to $62.00. They have a “Sector Perform” rating on the company.
Coca-Cola Bottling Co. Consolidated (COKE) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $36.00.
Kirby Co. (KEX) had its price target raised by RBC Capital from $65.00 to $74.00. They have an “Outperform” rating on the company.
Motorola Mobility (MMI) had its price target lowered by UBS AG (NYSE:UBS) to $31.00. They have a “Buy” rating on the company.
Noble Energy (NBL) had its price target raised by UBS AG (NYSE:UBS) from $110.00 to $113.00. They have a “Buy” rating on the company.
Boston Scientific (NYSE: BSX) had its price target lowered by Citigroup (NYSE:C) to $7.30.
AGCO Corp. (AGCO) had its price target cut by RBC Capital from $64.00 to $62.00. They have a “Sector Perform” rating on the company.
Coca-Cola Bottling Co. Consolidated (COKE) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $36.00.
Kirby Co. (KEX) had its price target raised by RBC Capital from $65.00 to $74.00. They have an “Outperform” rating on the company.
Motorola Mobility (MMI) had its price target lowered by UBS AG (NYSE:UBS) to $31.00. They have a “Buy” rating on the company.
Noble Energy (NBL) had its price target raised by UBS AG (NYSE:UBS) from $110.00 to $113.00. They have a “Buy” rating on the company.
Cameron (CAM) (CHK) (D) (DD) (MUR) (NBL) Price Targets Changed
Cameron (NYSE: CAM), Chesapeake Energy (NYSE: CHK), Dominion Resources, Inc. (NYSE: D), DuPont (NYSE: DD), Murphy Oil Corp (NYSE: MUR) and Noble Energy (NYSE: NBL) price targets adjusted by analysts.
Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.
Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.
DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.
Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.
Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.
Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.
DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.
Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.
Noble (NBL) (GT) (TER) (HOT) (KLAC) (MET) EPS Estimates Changed
Noble Energy (NYSE: NBL), Goodyear (NYSE: GT), Teradyne, Inc. (NYSE: TER), Starwood Hotels (NYSE: HOT), KLA-Tencor (NASDAQ: KLAC) and MetLife, Inc. (NYSE: MET) EPS estimates adjusted by analysts.
UBS AG (NYSE:UBS) lowered its EPS estimates on Teradyne, Inc. (TER). They have a “Neutral” rating and a price target of $16.00 on the company.
Citigroup (NYSE:C) boosted its EPS estimates on Goodyear (GT). They have a “Buy” rating and a price target of $22.00 on the company.
UBS AG cut its EPS estimates on Starwood Hotels (HOT). They have a “Buy” rating and a price target of $70.00 on the company. They cited valuation as the catalyst behind the call.
UBS AG slashed its EPS estimates on KLA-Tencor (KLAC). They have a “Buy” rating and a price target of $49.50 on the company.
UBS AG raised its EPS estimates on MetLife, Inc. (MET). They have a “Buy” rating and a price target of $60.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Noble Energy (NBL). They have a “Buy” rating and a price target of $126.00 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on Teradyne, Inc. (TER). They have a “Neutral” rating and a price target of $16.00 on the company.
Citigroup (NYSE:C) boosted its EPS estimates on Goodyear (GT). They have a “Buy” rating and a price target of $22.00 on the company.
UBS AG cut its EPS estimates on Starwood Hotels (HOT). They have a “Buy” rating and a price target of $70.00 on the company. They cited valuation as the catalyst behind the call.
UBS AG slashed its EPS estimates on KLA-Tencor (KLAC). They have a “Buy” rating and a price target of $49.50 on the company.
UBS AG raised its EPS estimates on MetLife, Inc. (MET). They have a “Buy” rating and a price target of $60.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Noble Energy (NBL). They have a “Buy” rating and a price target of $126.00 on the company.
Monday, May 2, 2011
Dividend Yields for (SLB) (CHK) (BHI) (NBL) (DVN)
Indicated dividend yields for Standard & Poor's 500 Index companies Schlumberger Ltd (SLB), Chesapeake Energy Corp (CHK), Baker Hughes Inc (BHI), Noble Energy Inc (NBL) and Devon Energy Corp (DVN).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Schlumberger Ltd (SLB) has a dividend yield of 1.11 percent on a declared dividend of $0.25. The payout ratio is 36.0 percent.
Chesapeake Energy Corp (CHK) has a dividend yield of 0.89 percent on a declared dividend of $0.07. The payout ratio is 26.3 percent.
Baker Hughes Inc (BHI) has a dividend yield of 0.77 percent on a declared dividend of $0.15. The payout ratio is 17.1 percent.
Noble Energy Inc (NBL) has a dividend yield of 0.75 percent on a declared dividend of $0.18. The payout ratio is 228.6 percent.
Devon Energy Corp (DVN) has a dividend yield of 0.75 percent on a declared dividend of $0.17. The payout ratio is 14.5 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Schlumberger Ltd (SLB) has a dividend yield of 1.11 percent on a declared dividend of $0.25. The payout ratio is 36.0 percent.
Chesapeake Energy Corp (CHK) has a dividend yield of 0.89 percent on a declared dividend of $0.07. The payout ratio is 26.3 percent.
Baker Hughes Inc (BHI) has a dividend yield of 0.77 percent on a declared dividend of $0.15. The payout ratio is 17.1 percent.
Noble Energy Inc (NBL) has a dividend yield of 0.75 percent on a declared dividend of $0.18. The payout ratio is 228.6 percent.
Devon Energy Corp (DVN) has a dividend yield of 0.75 percent on a declared dividend of $0.17. The payout ratio is 14.5 percent.
Thursday, March 17, 2011
FedEx (FDX), (AKAM), (CLF), (NOV), (SLB) Lead S&P 500
FedEx (NYSE:FDX), Akamai (NASDAQ:AKAM), Cliff Natural Resources (NYSE:CLF), National Oilwell Varco (NYSE:NOV), and Schlumberger (NYSE:SLB) were leading the S&P 500 up today, with FedEx helping pull the index up after a solid earnings report.
The delivery company was up over 5 percent earlier in the session but have pulled back some as the day progressed.
Natural resource and energy companies are dominating the S&P today, with others like Diamond Offshore (DO), Pioneer Natural Resources (PXD), Deere & Co. (DE) and Noble Energy (NBL) among the top performers.
Schlumberger was trading at $86.31, gaining $3.21, or 3.86 percent, as of 2:30 PM EDT. National Oilwell Varco was at $77.54, up $3.13, or 4.21 percent. Akamai was trading at $36.68, adding $1.72, or 4.92 percent. Cliffs Natural Resources was trading at $88.30, gaining $4.57, or 5.46 percent. FedEx was at $88.36, up $3.08, or 3.61 percent.
The delivery company was up over 5 percent earlier in the session but have pulled back some as the day progressed.
Natural resource and energy companies are dominating the S&P today, with others like Diamond Offshore (DO), Pioneer Natural Resources (PXD), Deere & Co. (DE) and Noble Energy (NBL) among the top performers.
Schlumberger was trading at $86.31, gaining $3.21, or 3.86 percent, as of 2:30 PM EDT. National Oilwell Varco was at $77.54, up $3.13, or 4.21 percent. Akamai was trading at $36.68, adding $1.72, or 4.92 percent. Cliffs Natural Resources was trading at $88.30, gaining $4.57, or 5.46 percent. FedEx was at $88.36, up $3.08, or 3.61 percent.
Tuesday, March 1, 2011
Noble Energy (NBL) Lands first Gulf Permit After BP (BP) Spill
Shares of oil driller like BP PLC (NYSE:BP), Transocean (NYSE:RIG), Diamond Offshore Drilling (NYSE:DO), Hess Corp. (NYSE:HES), Marathon Oil Corp. (NYSE:MRO), Chevron Corp. (NYSE:CVX) and ConocoPhillips (NYSE:COP) jumped on the news Noble Corp. was awarded the first deepwater drilling permit since the Gulf of Mexico oil spill.
Contrary to the assertions by the Obama administration, mounting pressure to drill for more oil in the Gulf of Mexico in light of the weak economic conditions and growing unrest in the Middle East played a big part in pushing the permit forward. More permits will be sure to follow as the administration socializes people into gradually accepting the reality.
The well Noble received a permit to drill on in is located in 6,500 feet of water, and which they had started to drill in April 2010, the same month the Deepwater Horizon exploded.
Drilling was suspended in June as a moratorium was imposed upon the Gulf by Obama.
Contrary to the assertions by the Obama administration, mounting pressure to drill for more oil in the Gulf of Mexico in light of the weak economic conditions and growing unrest in the Middle East played a big part in pushing the permit forward. More permits will be sure to follow as the administration socializes people into gradually accepting the reality.
The well Noble received a permit to drill on in is located in 6,500 feet of water, and which they had started to drill in April 2010, the same month the Deepwater Horizon exploded.
Drilling was suspended in June as a moratorium was imposed upon the Gulf by Obama.
Wednesday, January 26, 2011
Comstock (NYSE:CRK), Noble (NYSE:NBL), Rosetta (Nasdaq:ROSE) Previewed by FBR Capital
After meeting last week with management of Comstock (NYSE:CRK), Noble (NYSE:NBL) and Rosetta (Nasdaq:ROSE), FBR Capital gave their take on the companies.
FBR said, "Late last week, we visited three E&P management teams. We walked away excited about Noble Energy's 2011 drilling program, Rosetta Resources' Southern Alberta Basin (SAB) potential, and will closely monitor Comstock Resources' capital discipline promise and diversification attempt."
Comstock Resources (CRK): Haynesville restricted-rate wells continue to average 10 MMcf/d and are tracking about 7 Bcf estimated ultimate recovery (EUR)/well. The company plans to run five rigs in the Haynesville Shale beginning March 1. The company also, despite reporting about flat sequential production during 4Q10, is optimistic about delivering strong production growth in 2011. We note that Haynesville spot completion costs for the company are currently down by about $500,000 to $3.7 million. On the Eagle Ford, the company has drilled and completed two wells with a third well currently drilling. A second rig could be added by midyear to the Eagle Ford program.
Noble Energy (NBL): The Leviathan well should reach total depth (TD) near the end of Q111. Successful testing of the lower formation could have broader implications with regards to the presence of oil throughout the basin. The company plans to drill 2–4 exploratory wells in West Africa this year and expects to receive permits this year for finishing up its deepwater U.S. GOM Deep Blue, Santiago, and Gun Flint wells. Lastly, progress remains solid in its Niobrara project, with a 1,300-square-mile, 3-D survey planned for this year.
Rosetta Resources (ROSE): Of course, the story at current price levels is largely about SAB potential. With industry drilling result announcements on the U.S. side not expected until late 2Q11/3Q11, the market (including us) does not have much to go on. However, with industry acreage acquisition continuing to maintain its pace and well known names (majors and independents) entering the fray, we remain optimistic about the potential of the play.
Comstock closed Tuesday at $24.86, gaining $0.31, or 1.26 percent. Noble closed at $85.35, down $1.76, or 2.02 percent. Rosetta closed at $34.08, down $0.89, or 2.55 percent.
FBR said, "Late last week, we visited three E&P management teams. We walked away excited about Noble Energy's 2011 drilling program, Rosetta Resources' Southern Alberta Basin (SAB) potential, and will closely monitor Comstock Resources' capital discipline promise and diversification attempt."
Comstock Resources (CRK): Haynesville restricted-rate wells continue to average 10 MMcf/d and are tracking about 7 Bcf estimated ultimate recovery (EUR)/well. The company plans to run five rigs in the Haynesville Shale beginning March 1. The company also, despite reporting about flat sequential production during 4Q10, is optimistic about delivering strong production growth in 2011. We note that Haynesville spot completion costs for the company are currently down by about $500,000 to $3.7 million. On the Eagle Ford, the company has drilled and completed two wells with a third well currently drilling. A second rig could be added by midyear to the Eagle Ford program.
Noble Energy (NBL): The Leviathan well should reach total depth (TD) near the end of Q111. Successful testing of the lower formation could have broader implications with regards to the presence of oil throughout the basin. The company plans to drill 2–4 exploratory wells in West Africa this year and expects to receive permits this year for finishing up its deepwater U.S. GOM Deep Blue, Santiago, and Gun Flint wells. Lastly, progress remains solid in its Niobrara project, with a 1,300-square-mile, 3-D survey planned for this year.
Rosetta Resources (ROSE): Of course, the story at current price levels is largely about SAB potential. With industry drilling result announcements on the U.S. side not expected until late 2Q11/3Q11, the market (including us) does not have much to go on. However, with industry acreage acquisition continuing to maintain its pace and well known names (majors and independents) entering the fray, we remain optimistic about the potential of the play.
Comstock closed Tuesday at $24.86, gaining $0.31, or 1.26 percent. Noble closed at $85.35, down $1.76, or 2.02 percent. Rosetta closed at $34.08, down $0.89, or 2.55 percent.
Tuesday, January 4, 2011
Hess (NYSE:HES), Marathon Oil (NYSE:MRO), BHP (NYSE:BHP), Shell (NYSE:RDS-A), Noble (NYSE:NE) Drilling Permits Issue a Good Thing?
Thirteen companies which had already been operating in Gulf waters at the time of the Obama moratorium will have permits issued to them again, including ATP Oil & Gas Corp. (Nasdaq:ATPG), BHP Billiton Petroleum (GOM) (NYSE:BHP), Chevron USA (NYSE: CVX), Cobalt International Energy (NYSE:CIE), ENI U.S. Operating Company Inc. (NYSE:E), Hess Corp. (NYSE:HES), Kerr-McGee Oil & Gas Corp. (NYSE:KMG), Marathon Oil Company (NYSE:MRO), Murphy Exploration & Production Company – USA (NYSE:MUR), Noble Energy (NYSE:NE), Shell Offshore (NYSE:RDS-A), Statoil USA E & P (NYSE:STO), and Walter Oil & Gas Corp. (NYSE:WLT).
FBR said this will be viewed as a positive move by some, but they caution investors on chasing companies first being issued their permits.
FBR noted, "The Department of Interior announced that deepwater activities already underway before the imposition of the moratorium could be issued drilling permits without undergoing the extensive new environmental reviews that will be required of new permits. Although the issuance of the first post-moratorium permits will likely be viewed as a positive by some, we caution investors that a sustainable permitting rate is far less likely in the near term.
"According to BOEM, companies whose ongoing deepwater drilling activities were suspended due to the deepwater drilling moratorium do not need to resubmit exploration or development plans in order to begin drilling again. This announcement effectively grandfathers in wells being drilled at the time of the moratorium."
FBR said this will be viewed as a positive move by some, but they caution investors on chasing companies first being issued their permits.
FBR noted, "The Department of Interior announced that deepwater activities already underway before the imposition of the moratorium could be issued drilling permits without undergoing the extensive new environmental reviews that will be required of new permits. Although the issuance of the first post-moratorium permits will likely be viewed as a positive by some, we caution investors that a sustainable permitting rate is far less likely in the near term.
"According to BOEM, companies whose ongoing deepwater drilling activities were suspended due to the deepwater drilling moratorium do not need to resubmit exploration or development plans in order to begin drilling again. This announcement effectively grandfathers in wells being drilled at the time of the moratorium."
Thursday, October 21, 2010
Noble Corp.'s (NYSE:NE) Earnings Crushed by Obama's Moratorium
In their latest quarterly report, Noble Corp.'s (NYSE:NE) profits plummeted by 80 percent, as the toll from the Obama administrations' oil moratorium continues to rise.
Even though the moratorium was lifted before the November elections, it is effectively still in place because of the permitting process and new regulations which will keep oil companies from drilling in the deepwater portions of the Gulf of Mexico for some time.
Profits in the quarter for Noble dropped to $86 million, or 34 cents a share, far below the $426 million, or $1.63 a share they produced last year in the same quarter.
Revenue for the third quarter also dropped to $613 million.
Analysts had been looking for revenue of $635 million, and profits of 35 cents a share.
The guidance from Noble Chief Executive David Williams was ominous: "We recognize that the effects of U.S. policies related to offshore drilling will be felt into 2011 and beyond."
Noble closed Wednesday at $35.00 a share, gaining $0.27, or 0.78 percent.
Even though the moratorium was lifted before the November elections, it is effectively still in place because of the permitting process and new regulations which will keep oil companies from drilling in the deepwater portions of the Gulf of Mexico for some time.
Profits in the quarter for Noble dropped to $86 million, or 34 cents a share, far below the $426 million, or $1.63 a share they produced last year in the same quarter.
Revenue for the third quarter also dropped to $613 million.
Analysts had been looking for revenue of $635 million, and profits of 35 cents a share.
The guidance from Noble Chief Executive David Williams was ominous: "We recognize that the effects of U.S. policies related to offshore drilling will be felt into 2011 and beyond."
Noble closed Wednesday at $35.00 a share, gaining $0.27, or 0.78 percent.
Monday, October 4, 2010
Western Gas (NYSE:WES) Retains "Overweight" from Barclays (NYSE:BCS)
Barclays (NYSE:BCS) reiterated an "Overweight" rating on Western Gas Partners LP (NYSE:WES), citing potential for organic growth.
Barclays analyst says, "Wattenberg field trip highlights strong drilling economics and midstream organic expansion potential: We came back from the Wattenberg field trip hosted by WES with a renewed confidence in our recommendation. The newly acquired Wattenberg systems should not only benefit from strong producer economics but also from Niobrara shale upside ... We believe some of the near-term organic expansion opportunities include expanding gathering footprint and adding capacity to the White Cliff crude pipeline," said Barclays.
Also via their subsidiary, Anadarko Wattenberg Company, Western increased their stake in the White Cliffs crude oil pipeline, acquiring a piece of the sale from SemGroup Corp., which sold a portion of its stake for $141 million.
That pushes Western's stake in the pipeline to 10 percent. Noble Energy (NYSE:NBL) increased their stake in White Cliff to 5 percent.
Western closed the week at $27.43, gaining $0.33 on the day, or 1.22 percent.
Barclays increased their price target on Western from $27 to $29.
Barclays analyst says, "Wattenberg field trip highlights strong drilling economics and midstream organic expansion potential: We came back from the Wattenberg field trip hosted by WES with a renewed confidence in our recommendation. The newly acquired Wattenberg systems should not only benefit from strong producer economics but also from Niobrara shale upside ... We believe some of the near-term organic expansion opportunities include expanding gathering footprint and adding capacity to the White Cliff crude pipeline," said Barclays.
Also via their subsidiary, Anadarko Wattenberg Company, Western increased their stake in the White Cliffs crude oil pipeline, acquiring a piece of the sale from SemGroup Corp., which sold a portion of its stake for $141 million.
That pushes Western's stake in the pipeline to 10 percent. Noble Energy (NYSE:NBL) increased their stake in White Cliff to 5 percent.
Western closed the week at $27.43, gaining $0.33 on the day, or 1.22 percent.
Barclays increased their price target on Western from $27 to $29.
Tuesday, September 21, 2010
Jefferies Raises Sempra Energy (NYSE:SRE) Price Target, Fitch Wary
News of the sale of RBS Sempra Commodities energy solutions division to Noble Gas and Power Corp. brought mixed reactions, with Jefferies increasing the price target on Sempra Energy (NYSE:SRE) and while Fitch said they're maintaining a negative watch.
Jefferies said the reason they raised the price target from $59.50 to $60, was "We find SRE shares undervalued based on P/E valuation.
The sale of Sempra's remaining interest in the RBS Sempra Commodities JV should allow for a higher multiple on a reduced earnings level due to relatively less risk associated with Sempra's other business units."
They reiterated their "Buy" rating on Sempra Energy as well.
Fitch said they're keeping a negative watch on Sempra for the same reasons Jefferies raised the price target, but their concern is what Sempra will do with the capital.
While they say there could be a downgrade ahead, Fitch said they'll wait for the sale of Sempra's North American wholesale power and natural gas unit before making a decision.
Fitch said the wholesale power and natural gas division could fetch from $640 million to $740 million.
Jefferies said the reason they raised the price target from $59.50 to $60, was "We find SRE shares undervalued based on P/E valuation.
The sale of Sempra's remaining interest in the RBS Sempra Commodities JV should allow for a higher multiple on a reduced earnings level due to relatively less risk associated with Sempra's other business units."
They reiterated their "Buy" rating on Sempra Energy as well.
Fitch said they're keeping a negative watch on Sempra for the same reasons Jefferies raised the price target, but their concern is what Sempra will do with the capital.
While they say there could be a downgrade ahead, Fitch said they'll wait for the sale of Sempra's North American wholesale power and natural gas unit before making a decision.
Fitch said the wholesale power and natural gas division could fetch from $640 million to $740 million.
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