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WPX Energy Production Growth Poised To Accelerate
Monday, October 17, 2016 - 12:55pm | 366Read More...Barclays has upgraded WPX Energy Inc (NYSE: WPX) shares from Underweight to Equal Weight and lifted the target price from $9 to $13 on the stock. The move comes in the wake of the company indicating $700 million spending in next year to kick-start accelerated growth of production. Analyst Thomas...
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Encana Shares Upgraded To Overweight By Barclays
Tuesday, October 11, 2016 - 8:02am | 458Read More...Driven by asset quality and strong execution, Barclays upgraded Encana Corp (USA) (NYSE: ECA) to Overweight from Equal Weight and raised the price target by 40 percent to $14. What Sets Encana Apart The brokerage said Encana is the second largest core Midland Basin producer after Pioneer. Over the...
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EOG Resources Becomes Barclays' Top Natural Gas Stock
Wednesday, September 28, 2016 - 1:27pm | 201Read More...Barclays made Overweight-rated EOG Resources Inc (NYSE: EOG) as its Top Pick in the group on "continued progress in the Eagle Ford and Permian, strong long-term growth projections, and the recent combination with Delaware-heavy Yates Petroleum." EOG announced an agreement to combine...
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Barclays Downgrades Range Resources To Underweight
Thursday, March 24, 2016 - 8:06am | 238Read More...On Thursday, Barclays issued a company note on Range Resources Corp. (NYSE: RRC) amid the global turmoil in the oil and gas industry. Analysts at Barclays downgraded Range Resources from Equal Weight to Underweight and lowered the price target to $24. Thomas Driscoll, an analyst at Barclays, wrote...
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Southwestern Energy Has 30 Percent Downside, Barclays Warns
Tuesday, March 1, 2016 - 10:54am | 303Read More...On Tuesday, Barclays issued a company note on Southwestern Energy Company (NYSE: SWN) after Southwestern cut their 2016 budget by 80 percent and announced 2016 production may decline 15 percent. Analysts at Barclays downgraded Southwestern from Equal-Weight to Underweight and lowered their price...
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Barclays A Bear On Oil: Sees $37bbl At Most This Year
Thursday, January 28, 2016 - 1:47pm | 269Read More...Oil prices surged to new three-week highs on Thursday after Russian Energy Minister Alexander Novak said that Saudi Arabia had proposed a production cut of up to 5.0 percent to help support oil prices. However, despite the good news, Barclay’s analyst Thomas Driscoll maintains his bearish...
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Watch Out, Barclays Is Still Negative On E&P Stocks
Wednesday, October 21, 2015 - 9:44am | 447Read More...E&P (oil exploration and production) companies will kick off their third-quarter earnings season on Thursday with Southwestern Energy Company (NYSE: SWN) reporting after market close. Thomas Driscoll of Barclays maintained a Negative outlook on the entire sector, noting that his third-quarter...
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Why Barclays Downgraded The Oil & Gas E&P Sector
Wednesday, January 14, 2015 - 1:03pm | 385Read More...Thomas Driscoll of Barclays on Wednesday downgraded the U.S. oil and gas E&P large-cap sector to Negative from Neutral while the SMID-cap oil and gas E&P sector is being downgraded to Negative from Positive. The analyst now sees an average downside to equity price targets of...
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UPDATE: Barclays Downgrades Occidental Petroleum Corporation
Tuesday, September 16, 2014 - 10:20am | 158Read More...Analysts at Barclays downgraded Occidental Petroleum Corporation (NYSE: OXY) from Overweight to Equal-weight and lowered the price target from $117 to $109 on Tuesday. Thomas Driscoll noted that Occidental Petroleum has been slower than its peers to begin moving towards unconventional drilling...
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Barclays Reviews N.A. Oil & Gas: Upgrades Devon, Downgrades Ultra
Tuesday, May 20, 2014 - 10:15am | 205Read More...In a report published Tuesday, Barclays analyst Thomas Driscoll reviewed the North American Oil & Gas E&P large cap sector. Driscoll upgraded Devon Energy (NYSE: DVN) from Equal-weight to Overweight and downgraded Ultra Petroleum (NYSE: UPL) from Overweight to Equal-weight. Barclays...
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Southwestern (SWN) Guidance Awaited: Barclays Optimistic
Wednesday, December 9, 2009 - 11:06am | 174Read More...Barclays Capital (NYSE: BCS) has revised its price target for Southwestern Energy (NYSE: SWN) from $54 to $58 ahead of the guidance announcement expected next week. 2010E EPS has been raised to $1.80. Analyst Thomas R. Driscoll is optimistic about Southwestern’s prospects and has reiterated that it...
