Societe Generale

In a report published Wednesday, Societe Generale analyst John Herrlin reiterated a Buy rating and $95.00 price target on Anadarko Petroleum Corporation (NYSE: APC). In the report, Herrlin noted, “APC announced, after the close, that it had encountered a higher quality than anticipated reservoir...

Societe Generale maintained Midstates Petroleum Company (NYSE: MPO) with a Buy rating and a $14.00 price target. Societe Generale analyst John Herrlin noted, "Today it was announced that the Louisiana State Supreme Court ruled favourably for MPO in the Pine Prairie suit, stating that any acreage...

Societe Generale maintained Bonanza Creek Energy (NYSE: BCEI) with a Hold rating and raised the price target from $26.00 to $43.00. Societe Generale analyst John Herrlin noted, "BCEI 4Q12 results beat our above consensus estimate, with adjusted EPS $0.39 > $0.38SGe and the Street's $0.35, and...

In a report published Friday, Societe Generale reiterated its Buy rating and $44.00 price target on Noble Corporation (NYSE: NE). Societe Generale noted, “Noble released its monthly fleet status report last night. Several incremental downtime issues reduce our 1Q'13 and 2013 eps, and we now...

In a report published Wednesday, Societe Generale reiterated its Buy rating and $23.00 price target on Petroleo Brasileiro Petrobras (NYSE: PBR). Societe Generale noted, “After yesterday's close, Petrobras announced a 5% increase in Brazilian diesel prices received. While this readjustment does...

In a report published Monday, Societe Generale upgraded Hess Corporation (NYSE: HES) from Hold to Buy and raised the price target from $68 to $80. Societe Generale reported that, “This morning, HES announced a restructuring well beyond what we thought management would find palatable in response...

Societe Generale downgraded Royal Bank of Scotland (NYSE: RBS) from Buy to Hold. Societe Generale commented, "RBS has shown remarkable consistency in shrinking the high risk/low return assets in its Non-Core division (down from £258bn at the end of 2008 to £57bn), but the improving balance sheet...

In a report published Friday, Societe Generale reiterated its Hold rating on Oceaneering International (NYSE: OII), and raised its price target from $60.00 to $70.00. Societe Generale noted, “OII's secular growth outlook for ROV's, Subsea Products and Subsea Projects remains intact and on track....

Societe Generale upgraded Anheuser-Busch InBev (NYSE: BUD) from Hold to Buy. Societe Generale noted, "ABI has agreed with Modelo and Constellation a scheme that should satisfy the US DOJ, which had blocked the deal. Under the agreement, Modelo will sell the Coahuila brewery in Mexico that produces...

Societe Generale downgraded FMC Technologies (NYSE: FTI) from Buy to Hold and raised the price target from $49.00 to $55.00. Societe Generale noted, "We view FTI is a high quality company with large exposure (65%-70% of rev) to the strong secular growth we anticipate in offshore development....

Societe Generale downgraded Anheuser-Busch InBev (NYSE: BUD) from Buy to Hold. Societe Generale commented, “The US Department of Justice (DOJ) has blocked ABI's acquisition of Modelo, on the grounds that the deal would be anti-competitive in the US. … The legal proceedings could take many months...

Societe Generale downgraded Murphy Oil (NYSE: MUR) from Buy to Hold with a $66 price target. Societe Generale noted, "Since the middle of last year, the stock did react well to downstream and retail gasoline business restructurings, and initial buyback activity. In order to maintain a BUY under...

Societe Generale downgraded Hess Corporation (NYSE: HES) from Hold to Buy with a $68.00 price target. Societe Generale commented, "We downgrade the stock to Hold from Buy even though we very much like what HES is doing operationally. … Our rationale for downgrade is that we don't believe that it...

Societe Generale downgraded Pioneer Natural Resources (NYSE: PXD) from Hold to Sell and maintained a $110.00 price target. Societe Generale noted, "Today Pioneer announced a $1.7B joint venture with Sinochem for 40% of Pioneer's Horizontal Wolrfcamp acreage, with $500m to be paid in cash and a $1....

Societe Generale reiterated its Hold rating on Broadcom (NASDAQ: BRCM) and reduced its price target from $37.00 to $36.50. Societe Generale commented, "We believe that the Q1 13 slippage in mobile and wireless sales largely reflects slower Apple and Samsung business and could indicate slower...