| Goldman Cuts Brent Forecasts (And Gives E&P M&A Ideas) | |
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The investment bank issued a broad swatch of comments on the global oil sector.
Aside from numerous downgrades, Goldman Sachs is also fearful of regional oil performance in China, Austria and the Association of Southeast Asian Nations (ASEAN).
One special bit that sticks out is the estimation from Goldman for asset quality appeal to potential buyers of E&P:
Also of note, Whiting Petroleum Corp (NYSE: WLL) is the only stock -- in Goldman Sachs' view -- that has all three favorable qualities in its M&A screen: Attractive M&A returns, free cash and asset quality.
Newfield Exploration Co. (NYSE: NFX), Marathon Oil Corporation (NYSE: MRO), PDC Energy Inc (NASDAQ: PDCE), Hess Corp. (NYSE: HES), Oasis Petroleum Inc. (NYSE: OAS) and a handful of others are stocks the bank says has two of three favorable conditions.
Latest Ratings for WLL
Date | Firm | Action | From | To |
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May 2015 | Tigress Financial | Downgrades | Buy | Neutral | May 2015 | Morgan Stanley | Upgrades | Equal-weight | Outperform | Apr 2015 | SunTrust Robinson Humphrey | Upgrades | Neutral | Buy |
View More Analyst Ratings for WLL
View the Latest Analyst Ratings
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Hess Corporation
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CODE : HES |
ISIN : US42809H1077 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hess Corp. is a and oil exploration company based in United states of america. Hess Corp. is listed in Germany and in United States of America. Its market capitalisation is US$ 47.7 billions as of today (€ 41.8 billions). Its stock quote reached its lowest recent point on November 17, 1989 at US$ 10.06, and its highest recent level on April 17, 2024 at US$ 151.32. Hess Corp. has 315 053 615 shares outstanding. |