-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们维持对CCO的“卖出”评级和130加元的目标价。130加元的目标价反映了我们维持不变的2027年市盈率预期，即60倍，仍高于CCO过去一年和三年的平均市盈率57.2倍和39.3倍。我们认为CCO的溢价估值在多方面都有其合理性，但目前估值过高。对核能项目和能源需求的强劲支持支撑了铀现货价格，但核电站建设存在相当大的时间和成本风险。第一季度财报显示，营收和利润均略微超出预期。然而，鉴于其估值，缺乏业绩指引和新的利好消息，使得CCO的股价维持在原有水平。市场对CCO的股价走势已有充分了解，我们认为其股价与能源/人工智能领域的市场情绪和发展息息相关，而这些因素在短期内可能出现波动。我们将 2026 年每股收益预期下调 0.15 加元至 1.56 加元，并维持 2027 年每股收益预期为 2.17 加元。
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Commodities
Devon Energy Q1 Output Hits High End of Guidance; Firm Expands Gas Deals, Advances Merger Plans
Devon Energy (DVN) reported Q1 earnings Tuesday with oil production averaging 387,000 barrels of oil equivalent per day, accounting for 46% of total production and reaching the top end of guidance.Total production averaged 833,000 boe/d for the quarter ended March 31, in line with guidance.The upstream energy firm brought 110 operated wells online during the quarter, driven by a concentrated development program in the Delaware Basin.The company expects Q2 oil production between 389,000 barrels per day and 395,000 b/d, while total production is projected between 851,000 boe/d and 868,000 boe/d.Devon targets total capital spending of $875 million to $925 million in Q2.The company is advancing its business optimization plan, targeting $1 billion in pre-tax cash flow improvements, driven by higher production and lower costs, Devon added.Devon said it is expanding commercial opportunities with two long-term natural gas marketing agreements, including a 10-year deal to supply 50 million cubic feet per day to LNG export markets starting in 2028.The firm also signed a separate seven-year agreement to deliver 65 MMcf/d for in-basin power generation starting the same year.Devon is progressing its merger with Coterra Energy (CTRA), which is expected to create a combined company with over 1.6 million boe/d of production.
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Equities
US Says 'Operation Epic Fury' Now Concluded as Ship Hit in Hormuz
The US said offensive operations against Iran have ended, Bloomberg reported on Tuesday, even as another cargo vessel was targeted by strikes in the Strait of Hormuz."Operation Epic Fury is concluded," Secretary of State Marco Rubio said, adding that we have "achieved the objectives of that operation."A British monitoring group reported a cargo ship was struck by an "unknown projectile," while the US said "more than 1,550 commercial vessels" remain stranded in the Persian Gulf, the report said.Iranian President Masoud Pezeshkian called renewed talks "impossible," saying US demands amount to "an equation that is impossible," according to Bloomberg.
Asia
DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue
DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share, up from $0.32 a year earlier.Analysts polled by FactSet expected earnings of $0.76.Revenue for the three months ended March 31 was $310.4 million, compared with $144.1 million a year earlier.Analysts surveyed by FactSet expected $312.4 million.The company expects to process 2.9 million to 3.1 million tonnes of ore, produce 305,000 to 365,000 ounces of gold equivalent in concentrates, and achieve an all-in sustaining cost of $1,300 to $1,450 per gold equivalent ounce sold in 2026.The board declared a second quarter dividend of $0.04 per share, unchanged from the prior corresponding period, payable July 15 to shareholders on record as of June 30.
$ASX:DPM