Thu, Jun. 30, 2:01 PM
Thu, Jun. 30, 12:46 PM
Mon, May 16, 9:19 AM
Thu, May 5, 12:50 PM
Thu, May 5, 9:12 AM
- Gainers: SYNC +143%. LGCY +31%. AAWW +27%. EPE +21%. FCEL +19%. WTW +15%. DNR +14%. ZNGA +14%. CHK +13%. BCEI +12%. UNXL +12%. ARRS +10%. CRC +10%. CLMT +9%. ORIG +9%. QRVO +8%. GSV +8%. HMY +8%. VNR +7%. MEET +7%. SDRL 7%. CLR 6%. SGYP 6%. OAS 5%. REGN 5%. BABA 5%. AUY 5%.
- Losers: PTX -37%. FRSH -27%. SQNM -19%. FIT -13%. EBIO -11%. LB -10%. WFT -9%. SEAS -8%. ABC -8%. CTL -5%.
Wed, May 4, 4:31 PM
Wed, Apr. 27, 12:46 PM
Wed, Mar. 30, 5:39 PM
Tue, Mar. 22, 3:41 PM
- EP Energy (EPE +5.3) recoups much of yesterday's sharp loss, but BofA Merrill downgrades shares to Underperform from Neutral with a $3 price target, cut from $3.50, citing remaining balance sheet headwinds.
- BofA says EPE's $420M sale of its Haynesville shale assets represents the company's first step towards cleaning up its $4.8B in debt, but leverage could continue to be a headwind into 2017 when most of the company’s hedges roll off, the firm says.
- BofA says it is difficult to “envision a scenario post 2016 where EPE can live within cash flow while moderating its production declines, barring a significant recovery in commodity prices,” expecting production to fall by 23% in 2016, including the Haynesville sale, and down another 11% in 2017.
Tue, Mar. 22, 9:20 AM
Wed, Mar. 16, 12:50 PM
Fri, Mar. 11, 3:53 PM
- EP Energy (EPE -3.1%) is a rare energy loser today as Goldman Sachs downgrades shares to Sell from Neutral with a $4.50 price target, based on a lack of differentiated growth relative to other oil levered companies and a weakening balance sheet, resulting from attractive hedges rolling off at year-end 2016.
- But Goldman, while it forecasts sharply lower U.S. oil prices over the coming weeks, also sees "a path emerging" for a recovery to $55-$60/bbl in 2017 to restart the U.S. shale machine, and raises its coverage outlook for the E&P sector to Attractive from Neutral while recommending investment in "secure shale productivity winners and the next rung stocks.”
- The firm upgrades Carrizo Oil & Gas (CRZO +10.4%) to Buy from Neutral with a $37 price target, expecting CRZO to exit 2017 at a manageable 3.6x net debt/EBITDA with the potential for non-core asset sales to aid in further deleveraging.
- RSP Permian (RSPP +7.9%) also is raised to Buy from Neutral, with a $34 target, as Goldman expects a re-acceleration of drilling activity in 2017 to drive improvement in the company’s leverage metrics and easing investor concerns.
- Oasis Petroleum (OAS +4.4%) is upped to Neutral from Sell with a $7.25 price target, as the firm believes that a cyclical recovery in oil prices would ease investor concerns over the company’s leverage.
- Earlier: Anadarko Petroleum upgraded to Buy at Goldman Sachs
Tue, Mar. 8, 12:25 PM
- Bonanza Creek Energy (BCEI -24.5%) and EP Energy (EPE -15.9%) are selling off after both companies are downgraded to Neutral from Outperform at Credit Suisse, which sees "a bleaker reality [setting] in for some of the more challenged companies as production declines become harder to fight, hedges roll off and balance sheets deteriorate exponentially."
- Credit Suisse sees challenges for BCEI following the termination of the Rocky Mountain Infrastructure agreement, resulting in a stretched balance sheet and ability to accrete NAV in the current environment; the firm cuts its BCEI price target to $2 from $4.
- The firm sees risks to EPE's balance sheet as well as its long-term cash flows once hedges roll off in 2017; EPE's price target is maintained at $4.
Tue, Mar. 8, 9:17 AM
- Gainers: SUNE +29%. LEU +24%. OMER +14%. BNTC +12%. TERP +11%. URBN +8%. ORIG +7%. SOL +6%. BCRX +5%.
- Losers: PSG -35%. EMITF -18%. OCLR -15%. REXX -14%. EPE -11%. FBR -11%. CRK -10%. LINE -10%. SHAK -9%. VNR -8%. SDRL -8%. BCEI -7%. LNCO -7%. RIO -7%. CRC -7%. BHP -6%. VSLR -6%. BTU -6%. JBLU -6%. ARP -6%. TSEM -6%. DNR -6%. BBL -6%. MT -5%. VALE -5%.
Mon, Mar. 7, 12:45 PM
Thu, Mar. 3, 12:53 PM
EP Energy Corp. operates as an independent exploration and production company. It engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The company's exploration properties and assets include the Eagle Ford Shale (South Texas),... More
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Country: United States
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