Friday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreGenel Energy boosts production and maintains 2014 guidance
3rd Jul 2014 10:56
Kurdistan oil producer Genel Energy reported higher production and maintained its 2014 guidance, saying its operations were secure amid unrest in Iraq. Genel, whose Chief Executive is former BP boss Tony Hayward, said its net working interest production averaged 63,000 barrels of oil equivalent per
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreTuesday tips round-up: Genel Energy, Gulf Keystone
13th Jun 2014 08:49
The Al-Qaeda splinter group ISIS has shot itself in the foot with its actions in the north of Iraq. While Baghdad´s hand in the region has always been weak that is not the case with the well-organised Kurdish fighters, who are more than a match for those from that radical islamist movement. This mea
Read moreSunday share tips: Glaxo, Genel, Treatt
1st Jun 2014 11:30
Buy shares of Genel Energy, Danny Fortson urged in the Sunday Times's Inside the City column. The oil explorer sold a tanker of crude from Kurdistan last month for the market rate of more than $100 a barrel. Previous sales have been below the Brent crude price because of lack of infrastructure and p
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreGenel Energy boosts Q1 production and sees more rises in 2014
22nd Apr 2014 07:11
Middle East- and Africa-focused oil and gas group Genel Energy, headed by former BP boss Tony Hayward, unveiled higher first-quarter production and said it expected output and revenue to rise in 2014. Genel said net working interest production averaged 50,000 barrels of oil per day (bopd), up 35% o
Read moreWednesday broker round-up UPDATE
16th Apr 2014 08:44
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read moreNumis highlights top picks in oil sector
14th Apr 2014 10:48
Numis Securities has labelled its top picks in the oil sector in the aftermath of the recent Oil Market Report by the International Energy Agency (IEA). The broker's top picks include SOCO International, Genel Energy, Premier Oil, Faroe Petroleum and Borders and Southern. These are "stocks that we
Read moreGenel Energy acquires stake in two blocks offshore Angola
3rd Apr 2014 12:53
Genel Energy has announced plans to acquire a 15 per cent stake in two blocks offshore Angola in Africa. The purchase, which is being made in partnership with White Rose Energy Ventures (WREV), will give Genel a stake in exploration licences that hold multi-billion barrel prospectivity and represe
Read moreCairn Energy plugs exploration well offshore Morocco
17th Mar 2014 07:30
Oil and gas production firm Cairn Energy has revealed that one of its exploration wells offshore Morocco has been plugged and abandoned without testing. Drilling of the JM-1 well, located in the Juby Maritime blocks, started in January to evaluate Upper Jurassic and Middle Jurassic objectives. In
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreGlencore Xstrata likely to eschew Hayward as chairman
5th Mar 2014 16:07
Former BP boss Tony Hayward is unlikely to retain the Chairman's seat at Glencore Xstrata full-time unless he gives up his role at another company. Hayward, who oversaw BP during its notorious Deepwater Horizon oil spill, has filled in as Interim Chairman since last May after Sir John Bond was vot
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
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