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Research Alert: Hydro One: Q1 Eps Advances 8.3% On Rate Increases, Higher Demand
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Hydro One reported EPS of CAD0.65, up 8.3% from CAD0.60 in the prior year, with net income rising 9.2% to CAD391M. Total revenues increased 10.0% to CAD2,648M, while revenues net of purchased power grew 3.0% to CAD1,224M. The company secured three transmission line projects: Greenstone, Sudbury-to-Barrie, and Red Lake lines, all expected in-service in the early 2030s. COO Megan Telford was appointed as President and CEO effective June 2026. Transmission revenues advanced 4.4% to CAD664M on OEB-approved rates and higher peak demand, while distribution revenues climbed 11.9% to CAD1,970M. The company invested CAD715M in capital during the quarter, including CAD431M in transmission and CAD282M in distribution, with CAD484M in new assets placed in-service. OM&A costs declined 0.9% to CAD329M, demonstrating effective cost management. A quarterly dividend of CAD0.35 per share was declared, reflecting strong operational performance.
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Research Alert: CFRA Keeps Hold Opinion On Shares Of Matador Resources
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $61 (raised by $1) reflects a combination of relative valuation, DCF, and NAV models. On a relative basis, we apply a 4.5x multiple of EV to projected 2027 EBITDA, above MTDR's historical forward average, yielding a value of $55 per share. Our DCF model estimates intrinsic value at $65/share, while our NAV model yields $64/share. We lift our 2026 EPS estimate by $1.49 to $6.95, and 2027's by $0.06 to $6.02. MTDR should benefit in the near term from the sudden surge in crude oil prices, but probably by less than some of its Permian-focused peers. This is because MTDR is already hedged for 50% of its planned 2026 crude oil production with a ceiling price of $66 per barrel, considerably below WTI trading at $101/b recently. We note that MTDR is taking a more conservative stance for 2026, with a marked drop in capital spending, and its overall cash costs dropped in 2025, which we think can be repeated in 2026.
$MTDR
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BofA Securities Upgrades Akamai Technologies to Buy From Neutral, Raises Price Target to $175 From $130
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $151.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$AKAM