-- 水曜午後、エネルギー関連株は上昇し、ニューヨーク証券取引所エネルギーセクター指数は0.7%、ステート・ストリート・エネルギー・セレクト・セクターSPDR ETF(XLE)は1%上昇した。 フィラデルフィア石油サービスセクター指数は1.3%上昇、ダウ・ジョーンズ米国公益事業指数は0.2%上昇した。 イランがホルムズ海峡でコンテナ船2隻を拿捕したと発表したことを受け、原油価格は水曜に上昇した。トランプ大統領がテヘランとの停戦を延長したにもかかわらず、緊張が高まっていることを示している。イラン革命防衛隊は水曜、主要な石油輸送路であるホルムズ海峡を通過しようとしていたタンカー2隻を拿捕したと発表したと報じられている。トランプ大統領は火曜夜、テヘランとの2週間の停戦合意を延長したが、イランの港湾に対する海上封鎖は継続すると述べた。 期近のWTI原油先物価格は3.9%上昇し、1バレル93.12ドルとなった。国際指標であるブレント原油先物価格は3.5%上昇し、1バレル101.88ドルとなった。ヘンリーハブ天然ガス先物価格は1.1%上昇し、100万BTUあたり2.73ドルとなった。 企業ニュースでは、米連邦最高裁判所は水曜日、エンブリッジ(ENB)が同社のパイプライン「ライン5」の操業停止を求める訴訟をミシガン州裁判所から連邦裁判所に移送するよう求めた申し立てを却下した。エンブリッジの株価は0.2%下落した。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.
Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.