PKO BP Securities on Wednesday upgraded Austrian oil and gas company OMV (OMV.VI) to buy from hold and raised its price target to 69.20 euros from 49.60 euros.
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Equities
Middle East War to Push Up Food Costs, World Bank Says
The World Bank, on Tuesday, warned the Middle East conflict is set to drive up global food costs, as surging energy prices lift fertilizer prices and strain agricultural output.Fertilizer prices are projected to rise 31% in 2026, including a sharp increase in urea prices, reducing affordability for farmers and threatening crop yields, the bank said.The bank added that up to 45 million more people are at risk of being pushed into acute food insecurity this year if the conflict persists, as higher input costs ripple through global food supply chains.The World Bank said the shock highlights how energy disruptions are feeding into food inflation, with the poorest populations the most exposed to rising costs.
Equities
RPC Keeps Quarterly Dividend at $0.04 a Share, Payable June 10 to Holders of Record May 11
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Equities
Northern Oil and Gas Q1 Adjusted Earnings, Revenue Decline
Northern Oil and Gas (NOG) Q1 adjusted earnings late Tuesday of $0.74 per diluted share, down from $1.33 a year earlier.Analysts polled by FactSet expected $0.68.Revenue for the quarter ended March 31 was $5 million, compared with $602.1 million a year earlier.Analysts surveyed by FactSet expected $511.4 million.
$NOG