Energy Business


3 Analysts Raise Parsley Energy Targets After Stock Offering, Acquisition

Parsley Energy Inc. (NYSE: PE) recently upsized its secondary offering, and it is making some buzz in the analyst community. 24/7 Wall St. has found three analysts that are hiking their ...
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offshore drillship

Freeport-McMoRan Cancels Another Drill Ship Contract

Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan Inc. (NYSE: FCX) announced late Monday that it has cancelled a third one. This one was with ...
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Offshore Drilling Rig

Nomura Raises Price Target on Noble Energy

On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural ...
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Oil platform on sea

Freeport-McMoRan Cancels Oil & Gas Spin-Off

Mining and energy company Freeport-McMoRan Inc. (NYSE: FCX) formally filed a notice with the U.S. Securities and Exchange Commission (SEC) withdrawing its proposed spin-off and initial public offering in its ...
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oil field sunset

4 Big Oil and Gas Stocks Analysts Want You to Buy, but Sell 2 Others

The week of May 20 ended with a very mixed bag in performance. The Nasdaq was up 1% and the Dow closed marginally in the red. Investors keep proving over ...
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Plenty of Opposition Remains to Kinder Morgan Canadian Pipeline Expansion

The National Energy Board of Canada (NEB) on Thursday recommended the planned expansion of the Trans Mountain oil pipeline system be approved. The existing pipeline is owned by Kinder Morgan ...
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Nat Gas Field

Nomura Explains Increase to Range Resources Price Target

When Range Resources Corp. (NYSE: RRC) announced Monday morning that it had agreed to acquire Memorial Resource Development Corp. (NASDAQ: MRD) for $4.4 billion in an all-stock transaction, Range's stock ...
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Oil worker

Why Halliburton May Be Worth 25% More, Even Without Baker Hughes

Earlier this month, Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) were forced to terminate their merger plans because they were unable to secure an approval from the ...
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oil train

Meet the New (Almost) Highest Analyst Target for Exxon Mobil

The sharp decline in oil prices since the summer of 2014 was a surprise to many investors and analysts alike, and there has been an incredible fallout within the energy ...
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green energy

Should First Solar Be Valued at Less Than 12 Times Earnings?

Solar energy was supposed to be the next great frontier for alternative and renewable energy fans. Fossil fuel is supposed to be bad, and the coal industry has seen its ...
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UBS Favors 4 Top Oil and Gas Stocks That Pay Solid Dividends

With oil prices up 75% since earlier in the year, the sector is obviously starting to garner more attention. In fact, some strategists are starting to lift their S&P 500 earnings ...
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oil tanks

Investors Very Interested in These 3 Quality MLPs as Oil Prices Push Higher

It’s funny how the same company that was one of the most bearish on oil last year and back in the early part of 2016 was the same one that ...
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offshore drillship

Why Freeport-McMoRan Shares Leaped 10%

Gold, copper and oil producer Freeport-McMoRan Inc. (NYSE: FCX) traded as much as 10% higher Monday morning, and it is likely due to a confluence of modest improvements rather than ...
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Solar rooftop

Does SolarCity Have Existential Risk?

Solar PV installer SolarCity Corp. (NASDAQ: SCTY) reported a first-quarter adjusted diluted net loss per share of $2.56 on revenues of $122.6 million last week. In the year-ago quarter, the ...
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Oil pumps

7 Oil and Gas Stocks Analysts Want You to Buy

A lot of things have taken place in the oil and gas sector of late. Positive things for a change. After briefly dipping below $30 earlier in 2016, the price ...
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