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RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%

$AAV.TO$ARX.TO$BIR.TO$FRU.TO$HWX.TO$KEL.TO$PEY.TO$POU.TO$PSK.TO$TPZ.TOU.TO$TVE.TO$WCP.TO

Wire66d ago

UBS Adjusts Price Target on Royal Caribbean to $350 From $371, Maintains Buy Rating

Royal Caribbean Group (RCL) has an average rating of overweight and mean price target of $358, 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)Price: $275.22, Change: $-1.73, Percent Change: -0.62%

$RCL

Asia Markets66d ago

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

European equities traded in the US as American depositary receipts began the week little changed late Monday morning, edging 0.02% higher to 1,822.16 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and telecommunications company Nokia (NOK), which advanced 26% and 9.3%, respectively. They were followed by furniture maker Natuzzi (NTZ) and biotech firm Evaxion (EVAX), which climbed 7.1% and 3.4%, respectively.The decliners from continental Europe were led by accommodations booking company trivago (TRVG) and brewing company Anheuser-Busch InBev (BUD), which dropped 3.3% and 1.2%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and lender Banco Santander (SAN), which were off 0.9% and 0.8%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Mereo BioPharma Group (MREO), which rose 7% and 4.8%, respectively. They were followed by biopharmaceutical companies NuCana (NCNA) and Bicycle Therapeutics (BCYC), which increased 4.1% and 2.4%, respectively.The decliners from the UK and Ireland were led by biotech company Trinity Biotech (TRIB) and cruise line operator Carnival (CUK), which fell 4.7% and 3.3%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender Barclays (BCS), which were down 2.2% and 0.9%, respectively.

$BCS$BCYC$BDRX$BUD$CLLS$CUK$EVAX$MREO$NCNA$NOK$NTZ$SAN$SLN$SNY$TRIB$TRVG

Wire66d ago

UBS Adjusts Equifax Price Target to $220 From $230, Maintains Buy Rating

Equifax (EFX) has an average rating of overweight and mean price target of $231.29, 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)Price: $180.12, Change: $+2.15, Percent Change: +1.21%

$EFX

Wire66d ago

UBS Raises Price Target on Pfizer to $27 From $25, Maintains Neutral Rating

Pfizer (PFE) has an average rating of hold and mean price target of $28.77, 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)Price: $26.90, Change: $-0.02, Percent Change: -0.07%

$PFE

Wire66d ago

UBS Adjusts Cognizant Technology Price Target to $64 From $67, Maintains Neutral Rating

Cognizant Technology (CTSH) has an average rating of overweight and mean price target of $84.96, 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)Price: $59.09, Change: $+1.17, Percent Change: +2.02%

$CTSH

Wire66d ago

UBS Adjusts Price Target on MasTec to $420 From $354, Maintains Buy Rating

MasTec (MTZ) has an average rating of buy and mean price target of $355.37, 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)Price: $364.34, Change: $+3.12, Percent Change: +0.86%

$MTZ

Wire66d ago

UBS Adjusts Carnival Price Target to $35 From $38, Maintains Buy Rating

$CCL

Wire66d ago

UBS Adjusts Price Target on California Resources Corp to $82 From $81, Maintains Buy Rating

California Resources Corp (CRC) has an average rating of overweight and mean price target of $79.14, 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)Price: $66.45, Change: $-0.10, Percent Change: -0.15%

$CRC

Wire66d ago

Equinix Seen Benefiting From Rising AI Inference Demand, Morgan Stanley Says

Equinix (EQIX) is likely to benefit from sustained demand for colocation data center capacity, driven by an inflection in enterprise compute workloads toward AI inference, Morgan Stanley said in a Monday research report.Morgan Stanley said its capex yield framework indicates potential revenue growth for data center real estate investment trusts as capacity expands.The brokerage raised its 2026 and 2027 revenue growth estimates for Equinix by about 50 basis points and 130 basis points, respectively.The company's stabilized yield is likely to improve as more capacity becomes available for leasing at attractive rates, while demand for AI inference could receive further support from the emergence of new use cases, according to the note.Morgan Stanley said factors such as data generation from digitization at scale, the transition to hybrid IT architectures, cloud adoption, and cybersecurity are driving growth for data center REITs.The brokerage reiterated its overweight rating on Equinix and raised its price target to $1,250 per share from $1,075.Price: $1044.78, Change: $+14.54, Percent Change: +1.41%

$EQIX

Mining & Metals66d ago

RESAAS Services to Raise up to $1.8 Million in Private Placement of Shares

RESAAS Services (RSS.V), up 11% on last look, Monday said it plans to raise up to $1.8 million through a private placement of shares.The offering is being completed in connection with a concurrent block trade, whereby certain company shareholder will sell an equivalent number of their common shares to a single institutional investor.The offering and the block trade are conditional upon one another.Both the offering and the block trade are priced at $0.45 per share, equal to the closing price of RESAAS shares on the TSX Venture Exchange on April 10.The $1.8 million proceeds will be used to strengthen the company's balance sheet and for general working capital.RESAAS shares were last seen up $0.05, to $0.50, on the TSX Venture Exchange.Price: $0.50, Change: $+0.05, Percent Change: +11.11%

$RSS.V

Wire66d ago

UBS Cuts Automatic Data Processing Price Target to $210 From $220, Maintains Neutral Rating

Automatic Data Processing (ADP) has an average rating of Hold and mean price target of $262.71, 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)Price: $190.75, Change: $+1.96, Percent Change: +1.04%

$ADP

Sectors66d ago

Trump Vows to Attack Iranian 'Fast Attack Ships' That Approach Hormuz Blockade

President Donald Trump said Monday on Truth Social that should any of Iran's "fast attack ships" come near the United States' blockade of the Strait of Hormuz, "they will be immediately ELIMINATED."

Oil & Energy66d ago

Market Chatter: Saudi Oil Exports to China to Halve Amid Middle East Conflict

Saudi Arabia's crude exports to China are set to halve to around 20 million barrels in May, from 40 mmbbls in April, as shipping disruptions in the Strait of Hormuz limit flows and lift prices, Bloomberg reported Monday, citing sources.Saudi Aramco recently raised its official selling prices for crude oil to new records. It is redirecting crude to Yanbu port in the Red Sea via the East-West pipeline to bypass the Strait. Yanbu Port's export capacity is about 5 million barrels per day.Yanbu loadings were restricted to Arab Light grades, sources told the news agency.Aramco declined to comment on' query.The company was exporting 7.2 million barrels per day prior to the Middle East conflict.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sectors66d ago

Trump Vows to Attack Iranian 'Fast Attack Ships' that Approach Hormuz Blockade

Oil & Energy66d ago

Borr Drilling Flags Rig Restarts, New Award; Dayrates Average $134,000 for 2026

Borr Drilling (BORR) said Monday its fleet recovery and new contract lifted 2026 coverage to 70% at about $134,000 dayrate amid Middle East disruptions.The company said its Arabia III rig resumed offshore Saudi Arabia operations in late March, marking progress after earlier disruptions tied to geopolitical tensions in the region.The Groa in Qatar and Arabia II in the UAE have received notices to restart, with both expected to resume work during April, the company said.The Forseti rig, managed by a third party under a bareboat charter arrangement, is also preparing to restart operations in Qatar.In the Gulf of America, the Odin rig faced delays due to additional maintenance work but is now expected to begin its contract with Cantium during April, the company said.In Southeast Asia, the Skald was awarded a firm contract by an undisclosed client, with operations set to kick off in the second quarter of 2026 and continue for an estimated six-month period.Following these updates, full-year 2026 contract coverage stands at 70%, with first-half coverage at 78% and second-half at 62%, alongside an average dayrate near $134,000, the company said.Chief Executive Officer Bruno Morand said teams managed disruptions linked to Middle East tensions effectively, maintaining safe operations while positioning the fleet for a gradual return to activity.He added that rising commodity prices and heightened energy security concerns are driving stronger demand, with customers accelerating tender awards and advancing drilling plans, positioning the company's fleet to capture growing activity.Price: $6.04, Change: $+0.14, Percent Change: +2.37%

$BORR

Wire66d ago

Bernstein Cuts EQT Price Target to $69 From $73, Maintains Outperform Rating

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://www..com/contact-us)Price: $58.29, Change: $-0.39, Percent Change: -0.66%

$EQT

Wire66d ago

Bernstein Adjusts Expand Energy PT to $160 From $144, Maintains Outperform Rating

Expand Energy (EXE) has an average rating of Buy and mean price target of $135.39, 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)Price: $98.82, Change: $-0.17, Percent Change: -0.17%

$EXE

Wire66d ago

UBS Adjusts Price Target on Andersen Group to $34 From $32, Maintains Buy Rating

Andersen Group (ANDG) has an average rating of overweight and mean price target of $31.17, 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)Price: $29.09, Change: $+0.84, Percent Change: +2.97%

$ANDG

Wire66d ago

Arete Research Lifts Sandisk Price Target to $1,800 From $1,000, Maintains Buy Rating

Sandisk (SNDK) has an average rating of overweight and mean price target of $872.30, 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)Price: $913.50, Change: $+61.73, Percent Change: +7.25%

$SNDK

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