Latest news with #Akamine
CNBC
15-07-2025
- Business
- CNBC
Bank of America double upgrades this natural gas stock, sees it rallying more than 20%
A positive productivity outlook could send shares of National Fuel Gas Company higher in the months head, according to Bank of America. The bank on Tuesday double upgraded shares of the natural gas distribution company to buy from underperform. It also increased its price target to $107 from $85, implying 27.3% upside from Monday's close. Shares were more than 2% higher in premarket trading following the call. Year to date, the stock has soared more than 38%, outperforming the S & P 500's gain of more than 6% in the same period. "Since acquiring the Eastern Development Area from Shell in 2020, productivity has gotten increasingly better," analyst Kalei Akamine wrote, adding that recent data shows that production is tracking 16% ahead of management expectations. "We believe this enables a more capital efficient program through the end of the decade." NFG YTD mountain NFG, year-to-date As a result, Akamine anticipates that EDA production will grow annually at a rate of 5%, above a consensus 3% compound annual growth rate. Meanwhile, drilling and completion capital expenditures will decline 10%, he added. Beyond that, the analyst said that the company's volume growth is "stellar," noting that its inventory duration is close to twice that of its peers. That should help best position the name to benefit from any potential long-term supply agreements and even "any new egress into NY from potential projects like Millenium PRO or Constitution," he said. Akamine's rating on National Fuel Gas Company is just one of two strong buy or buy ratings on Wall Street, per LSEG data. Three other analysts out of the six total covering the stock have a neutral view with a hold rating.
Business Insider
29-06-2025
- Business
- Business Insider
Bank of America Securities Sticks to Its Buy Rating for Tourmaline Oil (TOU)
In a report released on June 26, Kalei Akamine from Bank of America Securities maintained a Buy rating on Tourmaline Oil (TOU – Research Report), with a price target of C$90.00. The company's shares closed yesterday at C$65.75. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Akamine is a 4-star analyst with an average return of 8.1% and a 62.96% success rate. Akamine covers the Energy sector, focusing on stocks such as Diamondback, Devon Energy, and EOG Resources. Tourmaline Oil has an analyst consensus of Moderate Buy, with a price target consensus of C$76.61, which is a 16.52% upside from current levels. In a report released on June 24, CIBC also maintained a Buy rating on the stock with a C$77.50 price target. TOU market cap is currently C$25.43B and has a P/E ratio of 19.36. Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOU in relation to earlier this year.
Yahoo
29-04-2025
- Business
- Yahoo
Why ConocoPhillips Stock Got Socked on Tuesday
An analyst at a top U.S. bank cut his recommendation on the energy sector mainstay. This was part of a broader reassessment of industry stocks. An analyst's recommendation downgrade was the event that pushed ConocoPhillips (NYSE: COP) stock down marginally on the second trading day of the week. The incumbent energy company saw its share price dip by slightly over 1% on the day; by contrast, the S&P 500 index landed in positive territory with a 0.6% increase. Moving closer to bear territory in terms of sentiment, Bank of America Securities's Kalei Akamine changed his ConocoPhillips recommendation to neutral from his previous buy. As is typical in such situations, Akamine also cut his price target on the energy stock -- it's now $107 per share, whereas previously it stood at $138. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The new take was part of a broader update on oil and gas stocks. According to reports, Akamine wrote that, at the moment, an appropriate investment strategy for the sector is to favor more defensive plays. Against a backdrop of a softening macroeconomy and a lack of cohesion among members of the Organization of Petroleum Exporting Countries (OPEC), such companies are attractive now. Accordingly, the analyst upgraded Diamondback Energy to buy from neutral, which was the opposite move to his ConocoPhillips adjustment. The global economy is, of course, being shaken by the current tariff war between the U.S. and strategic trading partners. Since oil is one of the largest global industries, it's natural to be cautious about it in times like these. I have a feeling the trade war won't last all that long, so perhaps this is an opportunity to pick up an oil incumbent or two at a relative bargain. Before you buy stock in ConocoPhillips, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ConocoPhillips wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,818!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $666,416!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Bank of America is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy. Why ConocoPhillips Stock Got Socked on Tuesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
