Week ahead: Mortgage data, Oilfield services in the spotlight
24th Aug 2018 15:40
(Sharecast News) - The coming week is expected to be a calm one, on both the economic and corporate fronts, geopolitics permitting.
Read moreBroker tips: Acacia Mining, Hunting, Ashtead
15th Feb 2017 16:45
(ShareCast News) - Gold miner Acacia Mining had its share price target lifted in a bullish note from Jefferies on Wednesday morning. Jefferies reiterated its 'buy' rating and status as the investment bank's top pick in the sector, and lifted its target price to 575p from 550p as the once-chronic und
Read moreGoldman nudges 2017 Brent oil price forecast higher
16th Dec 2016 09:53
(ShareCast News) - Goldman Sachs reshuffled its oil price forecasts following the recent agreements reached by OPEC and non-OPEC producing nations to take 1.8m barrels a day off the market and forecast slightly higher prices would prevail next year. However, the same production cuts which would boos
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreHunting sees 2016 results in line with expectations
13th Dec 2016 07:31
(ShareCast News) - FTSE 250 energy services provider Hunting said on Tuesday that results for the full-year 2016 are likely to be in line with expectations, adding that earnings should move into positive territory next year. In a pre-close trading update ahead of its full-year results in March, the
Read moreMonday broker round-up
12th Dec 2016 15:55
(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w
Read moreBroker tips: Wolseley, Severn Trent, Hunting
23rd Nov 2016 16:09
(ShareCast News) - Canaccord Genuity hiked its target on Wolseley ahead of the builders merchant's first quarter update. All eyes would be on its performance in the US, the broker believed. Nonetheless, while trading in the first three months of the year would benefit from its exposure to the State
Read moreHunting gushes higher on Credit Suisse upgrade
23rd Nov 2016 10:09
(ShareCast News) - Hunting surged as Credit Suisse upped its stance on the stock to 'outperform' from 'neutral' and lifted the price target to 575p from 500p saying the company is turning a corner. CS said that with greater exposure to well completions and US unconventionals, Hunting should have mor
Read moreHunting to tap investors for more cash
27th Oct 2016 09:08
(ShareCast News) - Energy services company Hunting said its sales stabilised over the third quarter and announced plans to tap investors for fresh equity to reduce the company's debt and increase its financial flexibility. In a trading update for the third quarter, the FTSE 250 company reported that
Read moreFTSE 250 movers: Petra Diamonds sparkles, while profit-taking continues in Hunting
24th Oct 2016 13:55
(ShareCast News) - Shares in Petra Diamonds shined bright at the start of the week as the outfit reported what one analyst described as first quarter results which were "very much in-line" with expectations. Significantly, the company said it was still on track to turn cash-flow positive in the firs
Read moreSector movers: BATS and Hunting weigh on market
21st Oct 2016 15:01
(ShareCast News) - The more cyclical areas of the market, such as steel and mining were clearly in the lead during the final session of the week, buoyed perhaps by news that Chinese home price growth accelerated in September to a 11.2% year-on-year pace from 9.2% in the prior month. Investors in aut
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreCredit Suisse starts Petrofac and Wood Group at outperform
19th Sep 2016 12:57
(ShareCast News) - Markets were already looking ahead to European oilfield services companies emerging fitter and leaner from the worst downturn in exploration and production in over a generation, analysts at Credit Suisse said. "Unlike 2009, this downturn has been sufficiently long to spur behaviou
Read moreTuesday newspaper share tips: Lloyds, Aldermore, Hunting
6th Sep 2016 13:25
(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa
Read moreHunting swings to H1 loss, amends credit facility
5th Sep 2016 10:33
(ShareCast News) - Oil services group Hunting said it swung to a loss in the first half as revenue declined amid weaker oil prices. In the six months to the end of June, the company reported an underlying loss from operations of $50.8m compared to a profit of $20.4m in the first half of last year as
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