Broker tips: A.G. Barr, Drax, Tullow Oil
12th Aug 2016 09:48
(ShareCast News) - A.G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to 'sell' from 'hold' and cut its target price to 470p from 530p, citing a "weak" trading update by the soft drinks maker. In a 2 August trading statement, the Irn Bru maker said it expected a 2.9% yea
Read moreBofA ML upgrades Tullow, says cash wave approaching
12th Aug 2016 09:00
(ShareCast News) - Bank of America Merrill Lynch upgraded Tullow Oil to 'buy' from 'neutral' and lifted the price target to 285p from 275p. BofA noted the shares have materially underperformed the sector. "Over the past 24 and 36 months, shares have returned -70% and -80% respectively, against the
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreTullow reports surprise first half profit to beat expectations
27th Jul 2016 09:33
(ShareCast News) - Africa-focused oil explorer and producer Tullow beat the oil market blues with an unexpected first-half profit of $24m, beating expectations and lifting the shares 3% in early Wednesday trade. The result came despite a 34% plunge in revenues to $541m, although this was also lower
Read moreSector movers: Oil companies and airlines under pressure
25th Jul 2016 14:12
(ShareCast News) - London stock indices were held back on Monday as oil prices traded down towards their lowest levels in weeks. On the FTSE 100, Royal Dutch Shell and BP were lower as crude slumped below $44.00 on persistent oversupply concerns. Front-month Brent crude was down 1.4% to $45.03 b
Read moreTullow Oil sacks off Rome well
7th Jul 2016 13:29
(ShareCast News) - Tullow Oil's Norwegian arm has plugged and abandoned an exploration well on the Rome prospect in the central North Sea after it failed to find any oil or gas. The exploration well, numbered 16/5-6, was drilled in production licence PL776, where Tullow Oil Norge has a 40% operated
Read moreTullow Oil expecting significant fall in first-half revenue
30th Jun 2016 07:57
(ShareCast News) - Tullow Oil updated the market ahead of the end of its first half on Thursday, with first oil projected from the TEN project expected imminently, but revenue and gross profit taking a dive. The FTSE 250 firm gave revenue guidance for the half-year of $0.5bn total revenue, down from
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
Read moreS&P removes Tullow Oil from CreditWatch, but keeps negative outlook
2nd Jun 2016 14:44
(ShareCast News) - Standard&Poor´s took Tullow Oil´s debt off its list of corporate debt instruments which were facing an immediate risk of a debt downgrade, but cautioned that the oil explorer was still facing operational risks at its two key projects, in Ghana. S&P reaffirmed its credit rating on
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read moreCentrica and Tullow gain as Norway awards 10 oil licences in Arctic Sea
18th May 2016 14:47
(ShareCast News) - Norway has awarded 10 new offshore oil exploration licences in the Arctic and the border zone with Russia, the first time the country has offer new acreage in twenty years. The Norwegian oil ministry doled out 10 licences that consisted of 40 blocks, with 13 companies offered part
Read moreBroker tips: EasyJet, Restaurant Group, Tullow Oil
9th May 2016 12:35
(ShareCast News) - RBC Capital Markets upgraded EasyJet to 'outperform' from 'underperform' and lifted the price target to 1,500p from 1,450p. It said the drop in the shares - which are down 16% versus the FTSE 100 year-to-date - is a good entry point. "We now see a window opening in easyJet shares
Read moreBMO upgrades Tullow Oil to 'outperform'
9th May 2016 10:41
(ShareCast News) - BMO Capital Markets upgraded Tullow Oil to 'outperform' from 'market perform' and lifted the target price to 310p from 200p. "The oil exploration and production industry is a risky asset class, however Tullow Oil has shown itself capable to adapt to the lower oil price environment
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read more