Latest news with #ScottGruber
Business Insider
4 days ago
- Business
- Business Insider
Citi Sticks to Their Buy Rating for Solaris Energy Infrastructure (SEI)
In a report released today, Scott Gruber from Citi maintained a Buy rating on Solaris Energy Infrastructure, with a price target of $38.00. The company's shares closed today at $30.86. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Gruber is a 5-star analyst with an average return of 10.1% and a 53.42% success rate. Gruber covers the Energy sector, focusing on stocks such as APA, Helmerich & Payne, and Occidental Petroleum. In addition to Citi, Solaris Energy Infrastructure also received a Buy from Northland Securities's Bobby Brooks in a report issued today. However, on August 2, TR | OpenAI – 4o downgraded Solaris Energy Infrastructure (NYSE: SEI) to a Hold. The company has a one-year high of $39.03 and a one-year low of $10.96. Currently, Solaris Energy Infrastructure has an average volume of 1.55M. Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEI in relation to earlier this year. Last month, J Turbines, Inc., a Major Shareholder at SEI sold 4,000,000.00 shares for a total of $121,200,000.00.
Business Insider
17-07-2025
- Business
- Business Insider
Citi Sticks to Their Hold Rating for APA (APA)
In a report released yesterday, Scott Gruber from Citi maintained a Hold rating on APA, with a price target of $18.00. The company's shares closed yesterday at $18.14. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Gruber covers the Energy sector, focusing on stocks such as APA, Helmerich & Payne, and Coterra Energy. According to TipRanks, Gruber has an average return of 10.1% and a 53.99% success rate on recommended stocks. In addition to Citi, APA also received a Hold from Scotiabank's Paul Cheng in a report issued on July 15. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on APA (NASDAQ: APA).
Business Insider
16-07-2025
- Business
- Business Insider
EQT (EQT) Gets a Buy from Citi
In a report released today, Scott Gruber from Citi reiterated a Buy rating on EQT, with a price target of $60.00. The company's shares closed today at $58.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Gruber covers the Energy sector, focusing on stocks such as APA, Helmerich & Payne, and Coterra Energy. According to TipRanks, Gruber has an average return of 10.6% and a 55.16% success rate on recommended stocks. In addition to Citi, EQT also received a Buy from Morgan Stanley's Devin McDermott in a report issued today. However, on July 11, Scotiabank maintained a Hold rating on EQT (NYSE: EQT). The company has a one-year high of $61.02 and a one-year low of $30.02. Currently, EQT has an average volume of 7.68M. Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQT in relation to earlier this year. Most recently, in April 2025, Jeremy Knop, the CFO of EQT sold 7,216.00 shares for a total of $368,016.00.
Yahoo
21-05-2025
- Business
- Yahoo
Citi Downgrades Pattersion-UTI (PTEN)
The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has recently been downgraded by analysts at Citi. Let's shed some light on the development. A drilling site in the wilds of nature, highlighting the company's commitment to exploration. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries. On May 19, 2025, Citi analyst Scott Gruber downgraded the stock from Buy to Neutral, reducing its price target from $8 to $6.5. The revised outlook comes as a result of a tough macroeconomic environment for the oilfield services industry, primarily due to a plunge in crude oil prices and the resultant decline in drilling activity. The tariffs on steel and aluminum have raised costs for the industry, which is already anticipated to struggle with a decline in rig counts and day rates, along with shrinking margins and free cash flow. Citi forecasts a 9% decrease in active rig count for Q3 compared to Q1, equating to a reduction of nine rigs for Patterson-UTI Energy. Moreover, the analyst anticipates a 10% decline in day rates as existing contracts expire. However, it must be noted that these issues are not specific to Patterson-UTI Energy, Inc. (NASDAQ:PTEN), but are affecting the oilfield services industry as a whole. The low oil prices, coupled with a projected slowdown in demand, have forced many oil majors to reduce capital expenditure and decline drilling activity. Travis Stice, chairman and CEO of Diamondback Energy, recently stated: 'We believe we are at a tipping point for U.S. oil production at current commodity prices. As a result of these activity cuts, it is likely that U.S. onshore oil production has peaked and will begin to decline this quarter. This will have a meaningful impact on our industry and our country" That said, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported a steady performance in the first quarter of 2025, beating estimates in both earnings and revenue. The company also returned $51 million to shareholders, including $20 million in share repurchases. While we acknowledge the potential of PTEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PTEN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. 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
Yahoo
17-04-2025
- Business
- Yahoo
APA Corp. price target lowered to $15 from $20 at Citi
Citi analyst Scott Gruber lowered the firm's price target on APA Corp. (APA) to $15 from $20 and keeps a Neutral rating on the shares after catching up with the company after its recent 8-K and mark-to-market the firm's model for Q1 realizations, share count, expenses, and other items. Citi's Q1 CFPS estimate is $2.76, slightly beneath consensus. The firm expects the Q1 call to focus on the macro/APA's 2025 plan and progress on its cost reduction initiatives, which Citi feels could lean positive. APA may also provide a further update on Alaska exploration activities. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on APA: Disclaimer & DisclosureReport an Issue APA Corp. price target lowered to $20 from $22 at Morgan Stanley APA Corp. appoints Ben Rodgers as CFO SCHD ETF News, 4/14/2025 APA Corp. price target lowered to $24 from $27 at RBC Capital APA Corp. price target lowered to $14 from $26 at Scotiabank Sign in to access your portfolio
