AlphaValue/Baader Europe on Monday raised energy giant Shell (SHEL.L, SHELL.AS) to buy from add and lowered its price target to 42.20 pounds sterling from 42.46 pounds.
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Venture Global (VG) said Monday its subsidiary Venture Global LNG plans to issue $2.25 billion of senior secured notes due 2034 and 2036 in a private offering.The company said the proceeds will be used to fully redeem the issuer's 8.125% senior secured notes due 2028 and cover associated fees and premiums, using cash on hand as needed.
United Securities LLC revised its rating for Adnoc Logistics & Services (ADX:ADNOCLS) as it took note of the energy maritime logistics company's first-quarter results and upgraded full-year guidance."Based on the current results and guidance, we retain our 2026e revenue forecast of USD 4.7bn and raise our net profit to USD 996mn from USD 745mn. While revenue was broadly in line with expectations, profitability and margins exceeded forecasts. Despite the earnings outperformance, growth risks remain elevated amid ongoing geopolitical escalation. Accordingly, we retain our target price of AED 6.30, implying a limited 5.2% upside from current levels, and revise our rating on the stock to HOLD from BUY," the research firm said Sunday.For the March quarter, the energy maritime logistics company's revenue of $1.08 billion was in line with the research firm's estimate, while its $222 million profit significantly surpassed United Securities' $134 million forecast. For the full year, Adnoc Logistics now expects a low-to-mid single-digit decline in revenue, along with a mid-to-high-teens growth in net profit, compared with the prior projections of a mid-single-digit decrease in revenue and a low-to-mid single-digit net profit growth.
Hyperscale Data (GPUS) said Monday that its subsidiary Ault Global Commodities selected The Wyoming Reserve to provide secure storage and vaulting services for its physical precious metals holdings.The company said the partnership will support AGC's treasury strategy, which currently includes 10,000 ounces of 0.999 fine silver acquired through a partnership with Scottsdale Mint.According to the company, the metals will be stored in The Wyoming Reserve's Class 3 vault facility in Casper, Wyoming, featuring segregated custody, dedicated storage and around-the-clock monitoring.