Streetbeat News

Revenues

BOIL

EQT

UNG

USO

Natural gas prices surged after EQT Corporation announced a production cut, leading to a 5.6% increase in U.S. natural gas futures. The United States Natural Gas Fund and the ProShares Ultra Bloomberg Natural Gas also saw significant increases. EQT's shares rose slightly in pre-market trading. Meanwhile, oil prices dipped as OPEC+ extended production curbs, affecting the United States Oil Fund. The decision came despite a recent increase in oil production by some OPEC+ members.

Portfolio Pulse from Neil Dennis

March 04, 2024 | 2:03 pm

OLPX

Olaplex Holdings (NASDAQ:OLPX) has seen a shift in analyst ratings, moving from a mix of indifferent views to a more bullish outlook in the last 30 days. The average 12-month price target has significantly decreased to $2.25 from $7.00, indicating a 67.86% drop. Financial metrics reveal challenges in revenue growth but strong profitability and effective asset and equity management. The company's market capitalization and debt management reflect a cautious financial strategy.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

ACRE

Ares Comml Real Est (NYSE:ACRE) has seen a negative shift in analyst sentiment over the past quarter, with a decrease in the average price target by 18.24% to $8.38. Analysts from B of A Securities, Keefe, Bruyette & Woods, JP Morgan, and UBS have adjusted their ratings and price targets, reflecting concerns over the company's financial performance, including a significant revenue decline of -45.55% and challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

FIHL

Fidelis Insurance Hldgs (NYSE:FIHL) has received mixed analyst ratings over the last three months, with a shift towards more positive evaluations in the recent 30 days. Analysts from Keefe, Bruyette & Woods, JMP Securities, and JP Morgan have adjusted their price targets, reflecting a consensus average price target increase to $19.25 from $18.38. This adjustment indicates a 4.73% increase in the expected stock value. Fidelis Insurance, a global (re)insurance company, has shown notable revenue growth and strong financial performance metrics such as net margin, ROE, and ROA, despite a smaller market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

EMR

Emerson Electric (NYSE:EMR) received mixed analyst ratings with a positive shift in the 12-month price target to $119.71, up 9.65% from $109.17. Analysts from B of A Securities, Barclays, Mizuho, RBC Capital, Keybanc, and Wells Fargo raised their price targets, reflecting optimism about the company's performance and market position. Emerson Electric, known for its automation equipment and services, reported a revenue growth of 22.06% and strong financial metrics, including a net margin of 3.45% and ROE of 0.69%.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

BX

Recent analyst ratings for Blackstone (NYSE:BX) show a mix of bullish to indifferent sentiments, with an updated average 12-month price target of $128.25, marking a 6.68% increase from the previous target. The company, a leading alternative-asset manager with $1.040 trillion in AUM, faces challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential financial hurdles.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

JBLU

SAVE

JetBlue Airways Corp (JBLU) and Spirit Airlines Inc (SAVE) announced the termination of their July 2022 merger agreement, citing unlikely fulfillment of all conditions by the deadline. JetBlue's shares rose following the announcement, while Spirit's shares fell after trading was temporarily halted. JetBlue will pay Spirit $69 million as part of the termination agreement and has outlined revenue and cost-saving initiatives for 2024, including an Investor Day on May 30 to detail its long-term strategy.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 2:00 pm

ENCP

ENCPW

Graphjet Technology has announced plans to commission a new facility by the end of Q2 2024, with expectations of generating revenues and starting production within the same year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:51 pm

TPET

Trio Petroleum Corp (TPET) has restarted oil production at McCool Ranch Field, Monterey County, with the HH-1 and 58X wells producing approximately 400 barrels of fluid per day. The 35X well is also expected to restart soon. Additionally, oil production will restart at the South Salinas Project's HV-3A well. TPET acquired McCool Ranch in October 2023 and plans to develop the area further with horizontal wells. The company aims to increase cash flow and shareholder value through smart acquisitions and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:47 pm

EFSH

1847 Holdings LLC (AMEX:EFSH), a diversified acquisition holding company, is focusing on increasing shareholder value and positioning for growth in 2024 by shoring up capital, streamlining operations, and divesting non-core assets like 1847 Asien Inc. This strategy includes securing a $1 million credit facility for High Mountain Door & Trim Inc., paying off $1.95 million in debt, and eliminating $6.4 million in outstanding debt and liabilities. These moves aim to enhance operational profitability, reduce expenses and liabilities, and enable the company to pursue accretive growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:43 pm