Oil & Gas

Exxon Mobil Corporation (NYSE: XOM) shares have outperformed the sector since July 2015, driven by the successful execution of large projects, the company’s defensive characteristics since the decline in oil prices and dividend growth. Goldman Sachs’ Neil Mehta downgraded the rating on...

The Wall Street Journal reported last week that General Electric Company (NYSE: GE) was in talks to merge its oil business with Baker Hughes Incorporated (NYSE: BHI). The report resulted in shares of Baker Hughes gaining more than 8 percent on Friday and hitting a new 52-week high of $59.39, even...

Shares of Baker Hughes Incorporated (NYSE: BHI) spiked higher by more than 8 percent early Friday after the Wall Street Journal reported that the company is either targeted for an acquisition or primed to secure a notable partnership. Acquisition Talks The Wall Street Journal, citing "people...

Analysts at Wells Fargo have initiated coverage of Synergy Resources Corp (NYSE: SYRG) with an Outperform rating and a valuation range of $13–$16 as they see upside potential over the next six to 12 months, “with strong economics substantially driving value across inventory locations...

Goldman Sachs’ John Nelson believes that Gulfport Energy Corporation (NASDAQ: GPOR) shares are pricing in “an extended operational disruption despite inflecting operational momentum.” Nelson upgraded the company to Buy, with a price target of $35. Weak Sentiment The analyst...

It is a contrasting performance of the two companies that made debut on the two stock exchanges on Wednesday. While Azure Power Global Ltd (NYSE: AZRE) traded down below the IPO price, Extraction Oil & Gas, LLC (NASDAQ: XOG) traded well above the IPO price. Azure Power is a solar power seller...

Noble Midstream Partners LP (NYSE: NBLX), which recently went public and is the subsidiary of Noble Energy, Inc. (NYSE: NBL), has become the darling of the analysts' community, with most of them upbeat on the prospects of the company. Since listing at $26.50 on September 15, 2016, a premium to the...

Goldman Sachs remains bullish on Marathon Petroleum Corp (NYSE: MPC) on asset quality, midstream growth and cash generation from its Speedway retail unit. "In our view, MPC offers premium quality refining assets on the Gulf Coast and the Mid-Con, with high levels of complexity and crude optionality...

Anadarko Petroleum Corporation (NYSE: APC) has bought assets in the Gulf of Mexico (GoM) for $2 billion in cash and decommissioning obligation. Morgan Stanley’s Evan Calio views this transaction as “highly accretive.” Calio maintains an Overweight rating on the company, while...

Morgan Stanley has upgraded Helmerich & Payne, Inc. (NYSE: HP) to Equal Weight, as it sees the company as a defensive play within the sector, particularly relative to challenged offshore names. "Data points from our conference suggest relative tightness in pockets of the high-spec rig market...

Credit Suisse has raised the price target of Anadarko Petroleum Corporation (NYSE: APC) by $2 to $68, saying that Delaware should drive upside over time for the company. Positive Upside Ahead The brokerage noted, "The 2 billion plus of current net resource in the Delaware feels low relative to the...

Anadarko Petroleum Corporation (NYSE: APC) reported its 2Q16 results, with the adjusted EPS slightly better than the estimate. CLSA’s Asit Sen maintains an Underperform rating on the company, with a price target of $58. 2Q Beat Sen explained that the beat earnings were driven primarily by the...

Although 2016 has been expected to be a tough year for late-cycle oil & gas exposed E&Cs, Citi’s Andrew Kaplowitz expressed surprise at the magnitude of the guidance cut by Chicago Bridge & Iron Company N.V. (NYSE: CBI) for 2Q. Kaplowitz maintains a Neutral rating on the company,...