Fadel Gheit

After having a decent run in the last few weeks, oil is slumping heavily again. Breaking the $44 a barrel (bbl) mark Monday, WTI Crude now trades at its six-year low. Fadel Gheit, senior energy analyst at Oppenheimer, was on CNBC Monday to share his outlook on oil and to discuss what would likely...

In a report published Sunday, Oppenheimer analyst Fadel Gheit estimated Royal Dutch Shell plc (NYSE: RDS-A) will face a free cash flow deficit in both the current year and next year. Gheit noted that Shell is taking actions to preserve its financial flexibility, including capital expenditure...

In a report published Thursday, Oppenheimer analyst Fadel Gheit raised his price target on BP plc (NYSE: BP) to $50 a share with an unchanged Outperform rating. The company is expected to be free cash flow positive in 2016, he wrote. Gheit noted that BP lowered its 2015 capital expenditure...

Two major oil companies recently cut capital spending budgets 40 percent amid an industry realignment related to the new world order of cheap oil. Both EOG Resources Inc. (NYSE: EOG) and Marathon Oil Corporation (NYSE: MRO) took a beating in the market for their actions. But analysts were...

With a nearly $370 billion market capitalization and a massive share buyback program, Exxon Mobil Corporation (NYSE: XOM) has been an outlier among its peers, as illustrated by Capital Market Labs: In the fourth quarter alone, the company spent $3 billion on share repurchases. However, after...

Oppenheimer analyst Fadel Gheit on Thursday gave his predictions of the energy sector. Regarding oil prices, he suggested that, “There is a 10-15 percent potential downside risk in oil prices in the next 3 months before a bottom is established.” In his report, Gheit said: Saudi...

In a report published Monday, Oppenheimer analyst Fadel Gheit downgraded the rating on Range Resources (NYSE: RRC) from Outperform to Perform, and removed the $100.00 price target. In the report, Oppenheimer noted, “We are downgrading RRC to Perform from Outperform and withdrawing our $100 PT...

Occidental Petroleum (NYSE: OXY) shares are continuing lower Friday afternoon following a $0.20 decline on Thursday despite a call from Oppenheimer analyst Fadel Gheit reassuring a tax-free transaction could be the most favorable course of action. The stock is down another half percent Friday, last...

In a report published Monday, Oppenheimer analyst Fadel Gheit reiterated an Outperform rating on Pioneer Natural Resources (NYSE: PXD), and raised the price target from $170.00 to $180.00. In the report, Oppenheimer noted, “PXD has led the energy sector with a 58% gain YTD vs 25% for its peer...

In a report published Tuesday, Oppenheimer analyst Fadel Gheit reiterated an Outperform rating on Tesoro (NYSE: TSO), and raised the price target from $65.00 to $75.00. In the report, Oppenheimer noted, “We reiterate our Outperform rating on TSO and raise our 12-18 price target to $75 from $65...

Oppenheimer's Fadel Gheit appeared on Bloomberg Television with Margaret Brennan today to discuss the oil and gas market. Gheit talked about Goldman Sachs and Morgan Stanley manipulating the oil market and that it is "a shame on the government that allows them to get away with that." Highlights of...

Oppenheimer & Co. analyst Fadel Gheit is downgrading shares of Comstock Resources, Inc. (NYSE: CRK) after the company reported weak earnings yesterday. He has a $55 price target on shares and now rates the shares at Perform, down from Outperform. In the report Gheit writes, "We are lowering...