Financial News · Live Terminal

Page 38 of 119

Vermilion Energy Renews Share Buyback Program

Vermilion Energy (VET) said late Wednesday it received approval from the Toronto Stock Exchange to renew its share buyback program of up to 15.2 million common shares, starting July 12.The company expects to return 40% of excess free cash flow to shareholders in 2026, according to a statement.

$VET

Equities34d ago

US Total Weekly EIA Crude Oil Stocks Fall by 3.2 Million Barrels After Prior 9.3 Million Decrease

Equities34d ago

JPMorgan Adjusts Devon Energy Price Target to $55 From $62

Devon Energy (DVN) has an average rating of buy and mean price target of $60.92, according to analysts polled by FactSet.

$DVN

Equities34d ago

Truist Adjusts Price Target on ConocoPhillips to $115 From $128

ConocoPhillips (COP) has an average rating of overweight and mean price target of $142.83, 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)

$COP

Equities34d ago

JB Capital Markets Upgrades Galp Energia to Buy, Lifts PT

JB Capital Markets on Wednesday upgraded Portuguese energy company Galp Energia (GALP.LS) to buy from neutral and increased its price target to 21.2 euros from 20.9 euros.(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)

$GALP.LS

Equities34d ago

Banco Sabadell Upgrades Repsol to Overweight Rating, Raises PT

Banco Sabadell on Wednesday raised its rating on Spanish oil company Repsol (REP.MC) to overweight from underweight and increased its price target to 25.10 euros from 23.34 euros.(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)

$REP.MC

Equities34d ago

SB1 Markets Upgrades Equinor to Buy Rating, Lowers PT

SB1 Markets on Wednesday upgraded energy giant Equinor (EQNR.OL) to buy from a neutral rating, while reducing its price target to 360 Norwegian kroner from 380 kroner.(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)

$EQNR.OL

Equities34d ago

Petrobras Signs Settlement With Brazil's Oil Regulator to Upgrade 335 Offshore Wells, Pay $580.6 million

Petrobras (PBR) has signed a settlement agreement with Brazil's oil regulator ANP to bring 335 offshore wells into compliance with well integrity regulations by Dec. 31, 2030, according to a translation of a Tuesday statement from the regulator.The agreement ends a long-running dispute over temporarily abandoned offshore wells, the regulator said. Petrobras will pay 300 million Brazilian Reais ($580.6 million) in compensation, including 105 million Brazilian Reais within 30 days and the balance in 48 monthly installments, ANP said.The company has also agreed to submit semiannual progress reports, share technical data with the regulator, join an emergency response cooperation program, and provide tools for interventions in wells transferred to other operators, the regulator said.

$PBR

Equities34d ago

UBS Adjusts Price Target on ConocoPhillips to $143 From $155

$COP

Equities34d ago

HF Sinclair Names Steven Ledbetter President, COO; Promotes Valerie Pompa

HF Sinclair (DINO) appointed Steven Ledbetter as president and chief operating officer and Valerie Pompa as president of growth, technology and transformation, effective July 6, the company said Wednesday.Ledbetter succeeds Franklin Myers as president, while Myers will continue to serve as chief executive officer, the company said.HF Sinclair shares were up 2.1% in premarket activity.

$DINO

Equities34d ago

UBS Adjusts EQT Price Target to $73 From $74

EQT (EQT) has an average rating of overweight and mean price target of $69.42, 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)

$EQT

Equities34d ago

Northland Initiates Granite Ridge Resources at Outperform With $9 Price Target

Granite Ridge Resources (GRNT) has an average rating of overweight and mean price target of $7.93, 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)

$GRNT

Equities34d ago

Calumet to Redeem $100 Million of 9.75% Senior Notes due 2028

Calumet (CLMT) subsidiaries will redeem all outstanding $100 million of 9.75% senior notes due 2028 on July 15, the company said Wednesday.The notes, issued in January 2025, will be redeemed at 102.438% of principal, plus accrued and unpaid interest, the company said.The move supports the company's efforts to strengthen its balance sheet and reduce interest expense, said Chief Financial Officer David Lunin, adding that Calumet also reduced borrowings under its revolving credit facility during Q2.

$CLMT

Equities34d ago

Top Premarket Gainers

iOThree (IOTR) shares were up 49% in Wednesday premarket trading after the company reported 40% revenue growth, a 68.4% increase in gross profit and strong momentum in its edge computing business for the year ended March 31, in a letter to shareholders.Battalion Oil (BATL) stock was 34% higher, adding to a 25% gain in the earlier session.WF (WFF) stock was 27% higher, rebounding from a nearly 32% decline in the previous session.Digital Currency X Technology (DCX) shares were up 24%, recovering from a 2.9% loss in the Tuesday session.

$BATL$DCX$IOTR$WFF

Equities34d ago

Social Buzz: Wallstreetbets Stocks Mostly Declining Premarket Wednesday; Sandisk, Nebius Group to Open Lower

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Wednesday's opening bell.DTE Energy (DTE) was up 0.1% pre-bell, following a 1.6% increase at Tuesday's close.SpaceX (SPCX) was up 0.1% premarket, after a 6.8% fall from the previous session.Sandisk (SNDK) was nearly 4% lower in pre-bell activity, following a 7.3% decline from Tuesday's session.Nebius Group (NBIS) fell more than 4% premarket, after closing Tuesday with an 8.4% decline.Micron Technology (MU) declined by 3.6% hours before market open, after a 4.7% fall from the previous session.Meta Platforms (META) was 1.7% lower in premarket activity, following a 2.6% rise from Tuesday's session.Microsoft (MSFT) was down 1.5% premarket, reversing a 0.5% increase at Tuesday's close.Nvidia (NVDA) fell by 1.5% pre-bell, swinging from a 0.7% increase at Tuesday's close.

$DTE$META$MSFT$MU$NBIS$NVDA$SNDK$SPCX

Equities34d ago

RBC Lifts Price Target, Estimates for Bunzl Amid Expectations of Inflation-boosted Q2 Earnings

RBC Capital Markets updated its model for Bunzl (BNZL.L), raising its earnings estimates and price target after the British distribution and outsourcing group published its second-quarter pre-close statement."We update our estimates post BNZL's recent encouraging Q2 trading update and revisit our price target, the prior version of which [predated] the Iran conflict and associated macro repercussions, which have been a gift to BNZL. Our EPS estimates for FY26 and FY27 both rise by a touch over 2%, mainly reflecting the positive impact of product inflation. Our [price target] rises to 2,600p [from 2,200p] mainly driven by a 100 [basis point] reduction in the assumed [weighted average cost of capital]. We retain a Sector Perform rating," analysts said Tuesday.The research firm noted that the market priced in Bunzl's ability to pass on plastic polymer cost spikes in the second quarter, but said it was "concerned" that the potential inflationary spike could impact volume demand in retail and foodservice. However, RBC said the company's latest update disproved its concerns as it showed that Bunzl regained some of its market share amid an ongoing challenging backdrop in the foodservice segment.For the six months ending June 30, Bunzl expects group revenue to rise by 4% at constant currency, with underlying revenue expected to increase by 3%. For full-year 2026, the group now anticipates revenue growth at constant exchange rates, following its previous forecast of "moderate revenue growth" at constant currency."BNZL is [cognizant] that the rapid [normalization] of oil & gas prices has the potential to drive a partial reversal of the positive dynamics experienced in Q2, but we think after the 2025 annus horribilis, current guidance errs on the side of caution," the note said.

$BNZL.L

Equities34d ago

Trump Says Iran Ceasefire Is Over as US Renews Strikes, Oil Sanctions on Tehran

US President Donald Trump considers the tentative ceasefire with Iran to be over after the US launched fresh strikes on Iran and revoked a waiver allowing sales of Iranian oil, Bloomberg reported Wednesday.Speaking alongside NATO Secretary General Mark Rutte at the alliance's summit in Ankara, Trump said, "For me, I think it's over," adding that he no longer wanted to negotiate with Iran, according to the report.The latest escalation follows attacks on three commercial ships in the Strait of Hormuz, Bloomberg said.It added that Washington blamed Iran for the attacks, while Tehran alleged the new strikes and the waiver revocation violated the agreement between the two countries.

Equities34d ago

Quadrise Launches Retail Offer to Raise GBP1 Million

Quadrise (QED.L) launched a retail offer to raise up to 1.2 million pounds sterling on Wednesday, according to a same-day release.The British energy group will issue up to 120 million shares at 0.01 pound apiece. The offer on the BookBuild platform will end on July 13, with the shares admitted on the London bourse's AIM segment on July 16.Proceeds were earmarked to progress its projects, trials, and development pipeline, as well as support its working capital requirements.

$QED.L

Equities34d ago

Dolphin Drilling Extends Semisubmersible Rig Contract with Oil India Ltd.

Dolphin Drilling (DDRIL.OL) extended the contract for its Blackford Dolphin deep-water semisubmersible rig with crude oil and natural gas exploration and development company Oil India Ltd. until Aug. 28.The extension allows the offshore drilling contractor to finalize drilling, testing, and abandonment works at certain locations East of India, according to a Wednesday release.

$DDRIL.OL

Equities34d ago

Pulsar Helium Raises $26 Million from Upsized Share Offering

Pulsar Helium (PLSR.L) raised gross proceeds of $25.5 million from an upsized share placement, subscription and retail offer, according to a Wednesday release.The helium exploration company placed 25,393,329 new common shares at 0.75 pound sterling apiece, including 496,662 shares through a retail offer to raise $500,000 in gross proceeds.The financing will be used for contingency at the Topaz helium project in northeastern Minnesota and corporate working capital.

$PLSR.L

Showing 741-760 of 2380