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CVLG

TD Cowen analyst Jason Seidl upgraded Covenant Logistics Gr (NASDAQ:CVLG) from Market Perform to Outperform and increased the price target from $51 to $66.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:20 am

MUR

Murphy Oil estimates its production for Q1 2024 to be between 163-171 thousand barrels of oil equivalent per day (MBOEPD), with oil volumes comprising 53% of the total, approximately 89 thousand barrels of oil per day (MBOPD).

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:10 am

CORZ

HC Wainwright & Co. analyst Kevin Dede has upgraded Core Scientific (NASDAQ:CORZ) from Neutral to Buy and set a price target of $5 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:10 am

XEL

Xcel Energy has reaffirmed its earnings per share (EPS) guidance for fiscal year 2024, projecting an EPS range of $3.50 to $3.60. This projection aligns closely with the analyst estimate of $3.57 for the same period.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:10 am

XEL

Xcel Energy (NASDAQ:XEL) reported Q4 adjusted EPS of $0.83, missing the consensus estimate of $0.85, and sales of $3.44B, falling short of the $4.01B estimate. Despite a 20.29% increase in EPS from the previous year, sales saw a 15.08% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:08 am

DOW

Dow Chair and CEO Jim Fitterling expressed expectations of continued softness in industrial and durable goods demand in Q1, but noted encouraging early signs in construction, automotive, and consumer electronics sectors.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:03 am

ALK

Alaska Air Group, Inc. (NYSE:ALK) reported Q4 adjusted earnings per share (EPS) of $0.30, surpassing the analyst consensus estimate of $0.18 by 66.67%. However, this represents a 67.39% decrease from the $0.92 EPS reported in the same quarter last year. The company's quarterly sales reached $2.55 billion, slightly beating the consensus estimate of $2.55 billion by 0.12% and marking a 2.99% increase from the $2.48 billion reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:02 am

MUR

Murphy Oil Corporation reported Q4 adjusted earnings per share (EPS) of $0.90, missing the analyst consensus estimate of $1.00 by 10%. Year-over-year, this represents an 18.18% decrease from the $1.10 EPS reported in the same quarter last year. Quarterly sales were $844.20 million, falling short of the $855.99 million estimate by 1.38% and marking a 13.44% decrease from the $975.22 million reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:02 am

IBM

IBM shares are up in premarket trading following the unveiling of AI Stories with IBM Watsonx, created with the Recording Academy for the GRAMMYs. The company reported a 4% increase in Q4 revenue to $17.38 billion, beating estimates. IBM's strong performance is attributed to hybrid cloud and AI offerings. The company has $13.5 billion in cash and securities, with total debt at $56.5 billion. For FY24, IBM anticipates mid-single-digit revenue growth and $12 billion in free cash flow. Earlier, IBM launched IBM Consulting Advantage, which improved productivity by up to 50% in a client pilot.

Portfolio Pulse from Nabaparna Bhattacharya

January 25, 2024 | 11:01 am

COLB

Raymond James analyst David Feaster has downgraded Columbia Banking System (NASDAQ:COLB) from Strong Buy to Outperform while setting a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:01 am