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UBS Adjusts Price Target on Phillips 66 to $235 From $212, Maintains Buy Rating

Phillips 66 (PSX) has an average rating of overweight and mean price target of $206.72, 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://finwires.com/en/contact)Price: $206.74, Change: $-0.03, Percent Change: -0.02%

$PSX

Equities16d ago

UBS Cuts Matador Resources Price Target to $54 From $56, Maintains Neutral Rating

Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.Price: $50.06, Change: $-0.76, Percent Change: -1.49%

$MTDR

Equities16d ago

Alpha Metallurgical Resources Reports Preliminary Q2 Loss

Alpha Metallurgical Resources (AMR) reported a preliminary Q2 loss Monday of $0.96 per diluted share.Analysts polled by FactSet expect earnings of $0.08.Preliminary coal revenue for the quarter ended June 30 was $491.5 million.Analysts expect $599 million.Shares of the company were down 5.2% in recent premarket trading.

$AMR

Equities16d ago

RBC Raises Price Target on Ovintiv to $85 From $70, Keeps Outperform Rating

Ovintiv (OVV) has an average rating of buy and mean price target of $72.12, 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://finwires.com/en/contact)

$OVV

Equities16d ago

Morgan Stanley Affirms Ades Holding at Overweight, Lifts PT

Morgan Stanley on Sunday increased the price target for drilling services company Ades Holding (SASE:2382) to 25 Saudi riyals from 24.50 riyals, while maintaining its overweight rating.(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://finwires.com/en/contact)

SASE:2382

Equities16d ago

GUIDANCE: (AMR) Alpha Metallurgical Resources Expects Q2 Net Loss $0.96 a Share, vs. FactSet Est of $0.08 EPS

$AMR

Equities16d ago

Union Jack Oil Urges Investors to Reject Board Overhaul Bid Proposals at Requisitioned General Meeting

Union Jack Oil (UJO.L) urged shareholders to vote against resolutions to replace its board, saying the requisition was "misguided" and "ill-timed" as it was submitted just six days after Reabold Resources (RBD.L) announced its all-share takeover offer for the company.The oil and gas company said Monday its shareholders holding 20.7 million shares, or 14.09% of its total voting rights, requisitioned a general meeting on Aug. 24 to consider resolutions to overhaul the board.The board said the requisitioners are "simply being opportunistic" by attempting to replace the board during the offer process.Union Jack Oil also plans to reconvene its adjourned annual general meeting on Aug. 24.

$RBD.L$UJO.L

Equities16d ago

Top Premarket Decliners

STAK (STAK) shares were down 55% in Monday premarket trading after the earlier session's 602% rally.MapLight Therapeutics (MPLT) stock was down 55% after the company said a phase 2 trial of ML-007C-MA in schizophrenia met its primary endpoint, demonstrating a significant reduction in severity of the condition versus placebo.Profusa (PFSA) shares were down 18% after the company signed a non-binding term sheet to acquire a privately held commercial-stage diagnostics and toxicology testing company.Recon Technology (RCON) stock was down 15%, following the earlier session's 11.6% gain.

$MPLT$PFSA$RCON$STAK

Equities16d ago

Expand Energy to Acquire Twin Eagle for $1.25 Billion in Cash

Expand Energy (EXE) said Monday it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.The deal is expected to close in Q3, and is initially expected to contribute over $200 million of projected annual EBITDA and $150 million synergies annually by the end of 2028, the company said.Expand Energy said it plans to fund the acquisition using cash on hand and borrowings from its revolving credit facility.The merger creates value by improving Expand's marketing and commercial strategy, increasing its customer and market reach, and strengthening its finances, the company said.Shares of the company were down 1% in premarket activity Monday.

$EXE

Equities16d ago

Alliance Resource Partners Q2 Earnings, Revenue Rise

Alliance Resource Partners (ARLP) reported Q2 earnings Monday of $0.61 per diluted unit, compared with $0.46 a year earlier.Two analysts polled by FactSet expected $0.62.Revenue for the quarter ended June 30 was $551.6 million, compared with $547.5 million a year earlier.Four analysts polled by FactSet expected $554.3 million.The company said it maintained its quarterly cash distribution of $0.60 per unit, which is payable on Aug. 14 to unitholders of record as of Aug. 7.

$ARLP

Equities16d ago

Earnings Flash (ARLP) Alliance Resource Partners Posts Q2 Earnings $0.61 a Unit, vs. FactSet Est of $0.62

$ARLP

Equities16d ago

Berenberg Ups Price Target, Forecasts for Repsol on Refining Margin Outlook, Expanded Share Buyback

Berenberg raised its price target and earnings estimates for Repsol (REP.MC), citing rising European refining margins and the Spanish energy company's accelerating share repurchase plan."Repsol is the most exposed of the European integrated energy companies to the current strength in refining margins, which we expect will drive consensus upgrades for both Q3 and FY26, and we increase our price target to EUR31 (from EUR28). We update our model to incorporate the strong earnings beat and cash flow reported in the company's Q2 results (23 July). We also update for confirmation on the second tranche of the buyback and confirmation that a third tranche will be announced with the Q3 results in October - our updated buyback assumption is 13% ahead of consensus," according to a Monday note.After delivering a second-quarter refining margin of $14 per barrel plus a $10/bbl premium, Repsol said it realized a $34/bbl margin in July so far, with a $9/bbl premium, which the research firm noted surpassed the consensus forecast of $13/bbl."Ongoing disruption in the Middle East, refinery outages in Russia and low product inventories are facing healthy demand, and we expect the market to remain tight in the near term," analysts added.Accordingly, Berenberg upgraded its third-quarter indicator margin assumption, which helped raise the research firm's forecast for industrial business' adjusted net income by 100% to "just over" 1 billion euros. As a result, full-year 2026 group net income and EPS projections were increased by 16% and 17%, respectively.The stock is still rated buy.

$REP.MC

Equities16d ago

Fuchs Downgraded to Hold as Berenberg Notes 'Caveats' in Q2 Beat

Berenberg lowered its rating and price target for Fuchs (FPE.F), as analysts noted "some caveats" in the company's second-quarter beat.For the second quarter, the German lubricant supplier reported a preliminary EBIT of 135 million euros, which Berenberg said Monday "handily beat" the Vara consensus expectations of 108 million euros. Consequently, Fuchs raised its 2026 EBIT forecast to between 460 million euros and 480 million euros, compared with its previous 450 million-euro forecast."However, we believe the beat was largely driven by factors of a temporary nature: 1) base oil supply issues at competitors, including Shell [SHEL.L, SHELL.AS]; and 2) pre-buying by end-customers nervous about lubricant availability owing to the Iran conflict. Temporary overearning in the chemicals sector is, in our experience, invariably paid for later in a way that overshoots market expectations," analysts said. "We were already below 2027 Bloomberg consensus EBIT for Fuchs, but now feel more comfortable in being so: by c5%."Against this backdrop, Berenberg raised its 2026 EPS estimate by 10.9%, reflecting "favorable" foreign exchange movements, higher volumes tied to competitors' raw material supply limitations, and pre-buying. EPS forecasts for 2027 and 2028 were each increased by 1.7%, with analysts attributing the lack of "significant upgrade" to the "unwind of pre-buying effects and weaker demand."The stock was downgraded to hold from buy, with the price target reduced to 41 euros from 45.30 euros.

$FPE.F$SHEL.L$SHELL.AS

Equities16d ago

TotalEnergies Decides to Appeal French Court Ruling in Climate Vigilance Case

TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said Monday.The French energy firm said it believes climate change, as a global phenomenon, falls outside the scope of France's duty of vigilance law, which requires large companies to carry out a vigilance plan to prevent severe human rights and environmental risks linked to their own operations, subsidiaries, suppliers and subcontractors.TotalEnergies said the law does not extend to the actions of customers over whom it has no control.The company said it will present those arguments before the Paris Court of Appeal.

$TTE

Equities16d ago

Mendell Helium to Issue Shares to Former Broker

Mendell Helium (MDH.AQ) agreed to issue 500,000 new shares priced at 0.03 pound sterling apiece to its former broker through exercise of warrants.The helium producer said Monday the warrant exercise amount of 15,000 pounds will offset a portion of its outstanding obligation owed to the broker.

$MDH.AQ

Equities16d ago

Berenberg Forecasts Gas Trading Rebound for TotalEnergies in Q3; Hold Rating Maintained

Berenberg anticipates a gas rebound for TotalEnergies' (TTE.PA, TTE.L) third quarter as trading headwinds are expected to fade in the second half."The gas trading loss largely reflected a view that European gas prices would rise, and this moved against the company at the end of the quarter. Gas prices have rebounded significantly, however, which potentially could lead to a strong rebound in trading profitability in Q3," analysts said Monday. "The recent escalation in the conflict in Iran could have a further material impact on production in Q3, but this would likely be more than offset by higher commodity prices - as was the case in Q2."The research noted that the energy group met reduced expectations when it published its second-quarter results on July 23."Trading results were key drivers for the quarter, with CEO Patrick Pouyanné highlighting on the call that the strength in the Refining & Chemicals division was helped by oil trading being $500m higher than a "normal" quarter, while the weakness in Integrated LNG largely reflected gas trading profitability falling by c$800m qoq," Berenberg wrote, noting that key growth projects are still on track.Against this backdrop, analysts lowered their adjusted EPS projections for full-year 2026 and 2027 by 3.7% and 5.3%, respectively, to account for an anticipated reduction in upstream earnings, while the 2028 EPS estimate was cut by 7.3%. The stock's hold rating and price target of 78 euros were maintained.

$TTE.L$TTE.PA

Equities16d ago

TotalEnergies to Appeal Paris Court Ruling in Climate Vigilance Case

TotalEnergies (TTE.PA, TTE.L) said Monday it will appeal a June 25 judgment by the Paris Judicial Court in proceedings brought under France's duty of vigilance law.The French energy company will argue before the Paris Court of Appeal that the law does not extend to risks arising from customers' use of its products because those activities are beyond the company's control. It also noted that customers' activities are not covered by the European Corporate Sustainability Due Diligence Directive.

$TTE.L$TTE.PA

Equities16d ago

Serica Energy Offers GBP145.7 Million to Acquire Pharos Energy

Serica Energy (SQZ.L) said Monday it agreed to acquire independent upstream oil and gas company Pharos Energy (PHAR.L) in a recommended cash deal valuing the company at about 145.7 million pounds sterling.Under the recommended proposal, the oil and gas company will acquire each share in its peer at 0.3267 pound, comprising 0.2867 pound in cash and a special dividend of 0.04 pound.The Pharos board considers the financial terms fair and reasonable and intends to unanimously recommend that shareholders approve the transaction, while withdrawing its recommendation for the competing offer from Israel-based Ratio Petroleum Energy.Serica has also secured an irrevocable undertaking from Aberforth Partners, which holds about 14.26% of Pharos' shares, to vote in favor of the deal. The acquisition is expected to complete in the first half of 2027, subject to customary conditions, including regulatory approvals in Vietnam and Egypt.

$PHAR.L$SQZ.L

Equities16d ago

Helix Exploration Names New CFO

Helix Exploration (HEX.L) appointed Matthew Ciardiello as chief financial officer, effective Friday.The helium production and liquefaction company said in a Monday filing that the appointment is meant to consolidate its finance function in the US, where its operations are located. Ciardiello will succeed UK-based Ryan Neates in the role.Ciardiello currently heads Anexus CFO.

$HEX.L

Equities16d ago

RBC: Glencore 'Best Positioned' for H2 Earnings Boost Amid Revived Energy Crisis Concerns

RBC Capital Markets reaffirmed Glencore (GLEN.L, GLN.JO) as "best positioned" to capitalize on the impact of the Middle East war on the global energy market, pointing to tight natural gas supplies and rising coal demand as catalysts for the mining giant's second half."The re-escalation of the crisis could have far more impact with tighter inventories and coming through peak summer demand. A recent piece from the Global Gas & LNG Strategy shows how far behind the EU gas storage targets on various scenarios of Qatar LNG exports. Higher gas prices [incentivizing] switching in SE Asia and [to a] lesser extent Europe, lifting thermal coal prices (+10% increases spot EBITDA by 4%). We are now expecting a more positive guide to H2 energy marketing earnings from Glencore at results," the research firm said Monday.While initially forecasting a "very strong" first-half EBIT of $2.5 billion before easing to $1.6 billion in the latter half of 2026, RBC now anticipates an "ever stronger" second half amid "more extreme market dislocations."Glencore is scheduled to publish its production results on Wednesday and its half-year earnings on Aug. 5.RBC rates the stock at outperform, with a price target of 6 pounds sterling.

$GLEN.L$GLN.JO

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