The company's newer fleet of rigs gives it a big advantage in a tough market.
Pioneer recently increased its capital expenditure guidance for this year and isn't showing any signs of slowing down as it aims for double-digit production growth, despite tumbling crude prices.
The oil and gas producer continues to impress with strong production numbers and profits, and its moves to shed underperforming assets could strengthen its balance sheet and boost shares.
However, the flip side is the refining business can also drag on the company whenever oil prices rebound.
The Gulf of Mexico continues to attract oil producers from all around the world, despite tumbling crude oil prices. Here?s why.
Seadrill is facing the dual challenges of falling commodity prices and an excess supply of drilling rigs.
The company missed analysts' earnings estimates for the third quarter but there are two good things underpinning its future.
Cimarex Energy faces a challenging third quarter and may miss analysts' production estimates. But investors may want to revisit the stock in the near future and we'll tell you why.
Goldman Sach's upgrade of Netflix Shares today is suspect, following a 40% rise in share price over just two months.
AutoZone reports a profit of $8.46 a share for the third quarter, beating analysts' estimates by 2 cents, according to Thomson Reuters. Revenue rises more than 6% to $2.34 billion, in line with expectations. The quarter included the launch of 30 new stores in the U.S. and seven new stores in Mexico. President and CEO Bill Rhodes calls the period the company's 31st consecutive quarter of double-digit earnings per share growth. In a note following the results, Oppenheimer research analysts call AutoZone 'one of the best run and most capital-disciplined chains in Retail.' Oppenheimer has a Perform rating on the stock with a $540 price target.
Office supplies retailer Staples reported disappointing first-quarter results on Tuesday and forecast a decline in sales in the current quarter. Excluding items, Staples posted earnings of $0.18 a share for the first three months of the year, missing analyst estimates by $0.03, according to Thomson Reuters. Sales fell almost 3% to $5.65 billion. The company said sales growth was weighed down by a stronger U.S. dollar and store closures. Oppenheimer equity research has a Perform rating on the stock, noting, "We are encouraged with Staples' turnaround efforts, but remain concerned that a strategic repositioning at the chain is simply occurring 'too late.'"
Bad weather weighed on Macy's sales in the first quarter, but the retailer's profit still manages to narrowly beat analysts' expectations. Despite a 1.7% drop in quarterly sales, CEO Terry Lundgren says soft business trends improved in April as the weather warmed, which the company sees as a positive sign for the second quarter. Bank of America Merrill Lynch analyst Lorraine Hutchinson reiterates her 'buy' rating on the stock, as she believes the company is poised for continued growth in 2014, driven chiefly by the company's three-pronged M.O.M. business strategy. Macy's also raises its dividend and increases its share buyback program by $1.5 billion.
Shares of Time Warner are climbing on Thursday after the company reports better-than-expected quarterly results, boosted by box office and small screen success. The company sees a 14% revenue jump at its Warner Bros. segment, which was helped by the box office success of 'The Lego Movie' and 'The Hobbit: The Desolation of Smaug, among other titles. Results are also aided by a 9% revenue increase at its pay-TV channel HBO, which features the popular 'Game of Thrones' series.
Shares of eBay are slipping on Wednesday after the online marketplace reports a first-quarter loss of $2.3 billion tied to a tax charge on foreign earnings and issues a weaker-than-expected profit outlook for the second quarter. eBay still manages to report first-quarter profit that beat Wall Street expectations and revenue that climbed 14% from last year. The company's results are boosted by its PayPal unit, where revenue grew to $1.8 billion and 16% more new active accounts were added.
Online restaurant takeout service GrubHub receives its first analyst initiations on Thursday. Firms including Citigroup and Canaccord Genuity initiate coverage with buy ratings and $40 price targets. William Blair and BMO Capital Markets initiate coverage with Outperform ratings, with BMO issuing a $40 price target as well. BMO Capital Markets cites GrubHub's attractive business model, the increase in mobile interactions, its industry leadership and revenue growth potential as catalysts.
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