Latest news with #SpiroDounis
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Analysts Offer Insights on Utilities Companies: Duke Energy (DUK) and Aris Water Solutions (ARIS)
There's a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Duke Energy (DUK – Research Report) and Aris Water Solutions (ARIS – Research Report) with bullish sentiments. Don't Miss TipRanks' Half-Year Sale 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. Duke Energy (DUK) In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on Duke Energy, with a price target of $122.00. The company's shares closed last Monday at $118.00, close to its 52-week high of $121.47. According to Campanella is a 5-star analyst with an average return of 9.4% and a 62.9% success rate. Campanella covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Duke Energy with a $131.38 average price target, implying a 12.7% upside from current levels. In a report issued on June 25, Goldman Sachs also upgraded the stock to Buy with a $132.00 price target. Aris Water Solutions (ARIS) In a report released yesterday, Spiro M. Dounis from Citi upgraded Aris Water Solutions to Buy. The company's shares closed last Monday at $23.65. According to Dounis is a 4-star analyst with an average return of 8.0% and a 63.2% success rate. Dounis covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Cheniere Energy Partners. ;'> Currently, the analyst consensus on Aris Water Solutions is a Strong Buy with an average price target of $28.60.
Yahoo
20-06-2025
- Business
- Yahoo
Oil headed for third straight week of gains as traders await Trump's decision on Iran
Oil was on track to close out its third week of gains as traders awaited President Trump's decision on whether the US will directly intervene in the Israel-Iran conflict. West Texas Intermediate futures (CL=F) traded just below $75 per barrel, and Brent crude (BZ=F), the international benchmark, hovered near $76. Oil futures were on pace to close up roughly 3% for the week, extending gains sparked by last Friday's outbreak of hostilities between Israel and Iran. Prices dipped slightly during early trading Friday as hopes for a diplomatic resolution grew after Trump indicated he would give diplomacy a chance before deciding on potential US involvement in the conflict. Despite the rally, Wall Street analysts remain cautious. On Friday, Citi said its research team sees a 'lower risk of material energy flow disruptions from the conflict.' 'Disrupting oil supply isn't in the interest of either Iran or the U.S.,' Citi analysts Spiro Dounis and his team wrote. "If Iran's 1.1 million barrels per day of oil exports were prices would only rise to around $75–78 per barrel—offering limited upside from current levels," he added. Goldman Sachs has projected that if the conflict escalates and Iran's oil supply were disrupted, prices could spike as high as $90 per barrel but decline back to the $60s in 2026 as Iran supply recovers. On Wednesday, analysts noted that exports from Iran—and shipments through the Strait of Hormuz, a critical chokepoint for global oil—remain unaffected. Wall Street also sees spare capacity from the Organization of Petroleum Exporting Countries and its allies (OPEC+) as a key buffer against supply shocks. 'While the exact magnitude is uncertain, we believe that above-average global spare capacity (worth around 4–5% of global demand), is the main cushion against Iran-specific disruptions, enabled by deeper-than-expected unwinding of OPEC+ production cuts,' wrote Goldman analyst Daan Struyven and his team. OPEC+ had already ramped up production in the months leading up to the Israel-Iran conflict. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices 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
13-06-2025
- Business
- Yahoo
Kinetik Holdings (KNTK): Among the Energy Stocks that Lost the Most This Week
The share price of Kinetik Holdings Inc. (NYSE:KNTK) fell by 6.09% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A technician making adjustments to a natural gas pipeline entering a processing facility. Kinetik Holdings Inc. (NYSE:KNTK) is the premier midstream operator in the Delaware Basin, providing gathering, compression, processing, transportation, and water management services. Kinetik Holdings Inc. (NYSE:KNTK) fell under pressure last week after ISQ Global Fund II GP LLC sold over 4 million shares of the company for $188.2 million. Moreover, Citi analyst Spiro Dounis recently added a 'downside 30-day short-term view' on the shares of Kinetik Holdings Inc. (NYSE:KNTK), while maintaining a Buy rating and a price target of $55. The analyst highlighted two events tied to Kinetik's Durango acquisition that could represent a short-term overhang. These include the expiration of a lock-up period on June 24 and deferred compensation due on July 1, representing 7% of the total shares outstanding of KNTK. The analyst believes that the potential influx of these shares may lead to Kinetik's stock being range-bound in the coming month. While we acknowledge the potential of KNTK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 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
12-06-2025
- Business
- Yahoo
Kinetik Holdings (KNTK): Among the Energy Stocks that Lost the Most This Week
The share price of Kinetik Holdings Inc. (NYSE:KNTK) fell by 6.09% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A technician making adjustments to a natural gas pipeline entering a processing facility. Kinetik Holdings Inc. (NYSE:KNTK) is the premier midstream operator in the Delaware Basin, providing gathering, compression, processing, transportation, and water management services. Kinetik Holdings Inc. (NYSE:KNTK) fell under pressure last week after ISQ Global Fund II GP LLC sold over 4 million shares of the company for $188.2 million. Moreover, Citi analyst Spiro Dounis recently added a 'downside 30-day short-term view' on the shares of Kinetik Holdings Inc. (NYSE:KNTK), while maintaining a Buy rating and a price target of $55. The analyst highlighted two events tied to Kinetik's Durango acquisition that could represent a short-term overhang. These include the expiration of a lock-up period on June 24 and deferred compensation due on July 1, representing 7% of the total shares outstanding of KNTK. The analyst believes that the potential influx of these shares may lead to Kinetik's stock being range-bound in the coming month. While we acknowledge the potential of KNTK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 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
11-06-2025
- Business
- Yahoo
Citi opens ‘downside 30-day short-term view' on Kinetik Holdings
Citi analyst Spiro Dounis adds a 'downside 30-day short-term view' on shares of Kinetik Holdings (KNTK) while keeping a Buy rating on the name with a $55 price target The firm believes two events tied to the Durango acquisition could represent a short-term overhang. Up to 11.5M shares could come to market due to the lockup expiration on June 24 and deferred compensation of July 1, representing 7% of the total shares outstanding, the analyst tells investors in a research note. Citi estimates these shares, if monetized, would take over nine days to be absorbed by the market based on 30 day average volume levels. The firm continues to see 'compelling upside longer term,' but believes Kinetik could be range-bound over the next month due to the potential for more equity to come to market. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on KNTK: Disclaimer & DisclosureReport an Issue Kinetik Holdings price target raised to $57 from $54 at Scotiabank Kinetik Holdings 4.3M share Block Trade priced at $44.40 Kinetik Holdings 4.26M share Block Trade; price range $44.40-$45.65 Kinetik Secures $2.75 Billion Credit Agreements Kinetik Holdings price target lowered to $55 from $57 at RBC Capital Sign in to access your portfolio
