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TTE

TotalEnergies (NYSE:TTE) and QatarEnergy have agreed to acquire interests in Block 3B/4B offshore South Africa from Africa Oil South Africa. TotalEnergies will hold a 33% stake and become the operator, while QatarEnergy will have a 24% interest. The deal is pending final approvals. This move is part of TotalEnergies' strategy to expand its exploration efforts in the Orange Basin, following the Venus discovery in Namibia. Additionally, TotalEnergies has partnered with Bapco Energies to enhance the Sitra refinery's petroleum trading capabilities. TTE shares rose 1.05% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 1:03 pm

VICI

Five analysts have recently shared their views on VICI Properties Inc (NYSE:VICI), with ratings ranging from bullish to indifferent. The average 12-month price target is now $32.2, down from $34.00, indicating a 5.29% decrease. VICI Properties, a real estate investment trust, has shown strong financial health with a revenue growth of 21.04% and a net margin of 80.24%, but a below-average ROE of 3.03%. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:01 pm

GTLB

Analysts have diverse views on GitLab (NASDAQ:GTLB), with 16 recent evaluations ranging from bullish to bearish. The average 12-month price target is $75.5, slightly down from $75.67. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting dynamic market conditions and GitLab's performance. GitLab's financial performance shows a 32.47% revenue growth rate but struggles with profitability and asset utilization, with a net margin of -190.53% and ROA of -23.61%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:01 pm

CHK

Chesapeake Energy (NASDAQ:CHK) has received mixed analyst ratings over the last three months, with 8 analysts offering diverse outlooks. The average 12-month price target is $93.5, down from $95.86, indicating a 2.46% decrease. Analyst actions include both upgrades and downgrades, reflecting varying perceptions of the company's performance and market conditions. Chesapeake Energy's financials show a significant revenue decline of -56.13% over the last 3 months, a high net margin of 31.45%, but a below-industry-standard ROE of 5.42%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:01 pm

CIEN

PRGS

PWR

Notable insider sales were reported for Quanta Services, Progress Software, Ciena, and AutoNation, despite various company developments such as price target adjustments and earnings reports. Insider sales can indicate various strategic decisions or perspectives on the company's stock value.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 1:01 pm

SEMR

SEMrush Holdings (NYSE:SEMR) has seen a diverse range of analyst ratings over the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for SEMR has increased to $13.57, reflecting a 21.16% rise from the previous target. Recent analyst actions include adjustments to ratings and price targets by firms such as Piper Sandler, Needham, Jefferies, and Goldman Sachs. SEMrush's financial performance shows strong revenue growth, profitability, and effective debt management, positioning it favorably among peers in the Information Technology sector.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:00 pm

CHPT

COOK

CRWD

EMR

JWN

MCRB

ROST

TGT

TWLO

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Sea Limited, Target Corporation, Seres Therapeutics, Nordstrom, ChargePoint Holdings, CrowdStrike Holdings, Twilio, Ross Stores, Traeger, and Emerson Electric. The changes include both upgrades and downgrades, with notable adjustments in price targets reflecting analysts' revised expectations for these companies.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 1:00 pm

FXI

STLA

Stellantis has received approval from Chinese regulators to form a joint venture with LeapMotor, according to Reuters citing sources. This move marks a significant step for Stellantis in expanding its presence in the Chinese market.

Portfolio Pulse from Charles Gross

March 06, 2024 | 12:58 pm

Estee Lauder's stock price is trading lower due to a report indicating that its acne cream products have high levels of carcinogens.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:56 pm

APM

Trading for APM was halted at 7:55:05 a.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:55 pm