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Murphy Oil is meeting production estimates

Posted Aug 26th 2009 3:45PM by Joseph Lazzaro (RSS feed)
Filed under: Oil, Stocks to Buy

I'm reiterating my Buy rating for Murphy Oil (NYSE: MUR), first recommended on April 29, 2009 at a price of $47.80. If you bought then, you're up about 20%.

Murphy Oil remains the not-so-little-engine that could: Q2 upstream oil/natural gas production increased 18%, the company is on-track for 25-30% production growth in FY2009, and solid, double-digit gains in FY2010/FY2011.

Continue reading Murphy Oil is meeting production estimates

Time and patience should pay-off with Tesoro

Posted Aug 19th 2009 4:30PM by Joseph Lazzaro (RSS feed)
Filed under: Oil, Stocks to Buy

I'm Reiterating my Buy rating for Tesoro (NYSE: TSO), first recommended on April 23, 2009 at a price of $14.30.

Tesoro's Q2 performance disappointed, but the New York Rangers will win the National Hockey League's Stanley Cup again before I'll sell a U.S.-based refiner.

Continue reading Time and patience should pay-off with Tesoro

Analyst upgrades: 09/27/06

Posted Sep 27th 2006 11:49AM by Melly Alazraki (RSS feed)
Filed under: Analyst upgrades and downgrades

MOST NOTEWORTHY:

  • Morgan Stanley upgraded The Gap (NYSE: GPS) to Overweight from Underweight with a $23 target. The firm cited an improvement in apparel offerings and traction in merchandising and marketing initiatives.
  • The Oil Refining sector was upgraded by the Banc of America this morning, citing the recent sell-off:
    • Valero Energy (NYSE: VLO) and Tesoro Petroleum (NYSE: TSO) were upgraded to Buy from Neutral
    • Frontier Oil (NYSE: FTO) was upgraded to Neutral from Sell

OTHER UPGRADES:

  • UBS upgraded Reynolds American (NYSE: RAI) on valuation
  • Foundry Networks (NASDAQ: FDRY) was upgraded to Outperform from Neutral based on their strong fundamentals in the second half of 2006.

Research provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-162.3410,302.06
NASDAQ-37.902,138.15
S&P 500-19.331,091.30

Last updated: November 27, 2009: 10:22 AM

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