Latest news with #ZachParham
Business Insider
17-05-2025
- Business
- Business Insider
J.P. Morgan Remains a Sell on Vital Energy (VTLE)
J.P. Morgan analyst Zach Parham maintained a Sell rating on Vital Energy (VTLE – Research Report) on May 14 and set a price target of $22.00. The company's shares closed yesterday at $16.41. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Parham is a 4-star analyst with an average return of 8.4% and a 63.06% success rate. Parham covers the Energy sector, focusing on stocks such as Matador Resources, Gulfport Energy, and Civitas Resources. Currently, the analyst consensus on Vital Energy is a Hold with an average price target of $22.10, implying a 34.67% upside from current levels. In a report released on April 29, Bank of America Securities also reiterated a Sell rating on the stock with a $9.00 price target. The company has a one-year high of $51.71 and a one-year low of $12.30. Currently, Vital Energy has an average volume of 1.49M. Based on the recent corporate insider activity of 41 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 VTLE in relation to earlier this year. Earlier this month, Jason Pigott, the President & CEO of VTLE bought 5,500.00 shares for a total of $99,495.00.
Yahoo
06-04-2025
- Business
- Yahoo
What To Expect From Magnolia Oil & Gas Q1 Earnings In Volatile Commodity Environment?
J.P. Morgan analyst Zach Parham shared his view on Magnolia Oil & Gas Corporation (NYSE:MGY) ahead of the earnings release on May 1st. The analyst maintained a Neutral rating on the stock with a price forecast of $24 after updating for first-quarter commodity prices. Parham writes that Magnolia Oil & Gas remains on track with its 2-rig/1-frac crew program and is committed to keeping capex below 55% of EBITDA. Despite commodity price volatility, the analyst expects capital expenditure to stay under 50% of EBITDA due to MGY's natural gas exposure. Also, Parham sees positive productivity trends in Giddings and Karnes wells, which could provide a modest production upside to his production estimates. For FY25, the analyst estimates total volumes of 96.1 MBoe/d (+7% YoY) and oil volumes of 39.4 MBo/d (+3% YoY), aligning with company guidance. Also, Parham sees FY25 capex of $478 million (in line with consensus) and FCF of $458 million. Meanwhile, for the first quarter, the analyst expects cash flow per share (CFPS) to be $1.20 and EBITDA to be $251 million (3% above the estimates at $244 million). The analyst projects first-quarter oil production of 39.0 MBo/d and total production of 94.0 MBoe/d (both on top of consensus). Moreover, Parham sees a cash return of $77 million for the quarter, including a dividend per share of $0.15 and a share buyback of $48 million. Price Action: MGY shares are down 10.9% at $20.94 at the last check Friday. Read Next:Photo via Shutterstock. Date Firm Action From To Mar 2022 Keybanc Maintains Overweight Mar 2022 Keybanc Maintains Overweight Jan 2022 Keybanc Maintains Overweight View More Analyst Ratings for MGY View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article What To Expect From Magnolia Oil & Gas Q1 Earnings In Volatile Commodity Environment? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
Civitas Resources Focuses On Debt Paydown, Asset Sales For FY25 Growth: Analyst
J.P. Morgan analyst Zach Parham retained a Neutral rating on Civitas Resources, Inc. (NYSE:CIVI) with a price forecast of $49. The analyst writes that CIVI's goal remains consistent with its fourth-quarter update, maintaining its focus on debt reduction over share buybacks. The analyst notes that the company aims to generate FCF and reduce debt by $800 million in FY25, which he sees as achievable at current strip pricing. Parham says asset sales remain a focus for the company, with a goal of over $300 million for FY25. Media reports suggest CIVI is considering selling its DJ Basin position for over $4 billion. The analyst notes that a larger DJ transaction is possible, though the company is unlikely to sell at a steep discount and he awaits further clarity from management on the earnings call. The analyst estimates cash flow per share of $7.39 for the first quarter of FY25, a touch below the street estimates of $7.47 after marking to market for commodity prices. Also, Parham sees first-quarter oil production of 143.2 MBo/d, in line with the consensus estimates of 143.1 MBo/d and EBITDA estimate of $799 million, broadly at par with the consensus of $797 million. For FY25, the analyst estimates oil production of 152.8 MBo/d on $1.85 billion of capex, in-line with the street estimates and CIVI's guidance. Investors can gain exposure to the stock via First Trust Energy AlphaDEX Fund (NYSE:FXN) and VictoryShares Small Cap Free Cash Flow ETF (NASDAQ:SFLO). Price Action: CIVI shares are down 0.52% at $36.24 at the last check Tuesday. Read Next:Photo via Shutterstock. Date Firm Action From To Jan 2022 Keybanc Maintains Overweight Nov 2021 Truist Securities Maintains Buy Dec 2018 Canaccord Genuity Downgrades Buy Hold View More Analyst Ratings for CIVI View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CIVITAS RESOURCES (CIVI): Free Stock Analysis Report This article Civitas Resources Focuses On Debt Paydown, Asset Sales For FY25 Growth: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
National Fuel's FY25 Outlook Strengthens With Gas Price Tailwinds, Yet J.P. Morgan Holds Neutral Stance
J.P. Morgan analyst Zach Parham retained a Neutral rating on National Fuel Gas Company (NYSE:NFG) with a price forecast of $81.00. The analyst anticipates a solid operational performance for the company in the second quarter, with production expected to exceed consensus by 6%. The analyst expects second-quarter EPS and EBITDA to align with the Street estimate, though with 6% higher volumes. In particular, Parham sees second-quarter production of 1,203 MMcf/d (108.2 Bcfe), vs. consensus of 1,138 MMcf/d (102.5 Bcfe) and FY25 production of 420.2 Bcfe vs. Street estimate of 417.5 Bcfe. The analyst projects flat production in the third quarter (108.3 Bcfe) and a slight decline in the fourth quarter (105.8 Bcfe), consistent with the company's production forecast. Parham predicts the company will raise its FY25 guidance once more, driven by higher natural gas prices. The analyst forecasts FY25 EPS of $7.43, surpassing the company's guidance range of $6.50 – $7.00 (based on $3.50 per Mcf gas prices) and is also higher than the upper end of the previous guidance of $6.90 – $7.40 (based on $4 per Mcf gas prices). The analyst projects a 20% compound annual growth rate (CAGR) for EPS through 2027 and anticipates substantial upside for FY26 earnings, with an estimated EPS of $9.22, which is 13% higher than the consensus estimate of $8.17. Despite NFG shares trading near all-time highs, the analyst notes the company remains active in its buyback program and expects $34 million in share repurchases this quarter. The buyback which is expected to continue at a consistent pace throughout the year to utilize the $200 million share repurchase authorization fully, adds the analyst. Investors can gain exposure to the stock via First Trust North American Energy Infrastructure Fund (NYSE:EMLP) and First Trust EIP Carbon Impact ETF (NYSE:ECLN). Price Action: NFG shares are up 1.02% at $79.13 at the last check Wednesday. Read Next:Photo via Shutterstock. Date Firm Action From To Oct 2021 Raymond James Maintains Outperform Jul 2021 Raymond James Maintains Outperform Apr 2021 JP Morgan Initiates Coverage On Neutral View More Analyst Ratings for NFG View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NATIONAL FUEL GAS (NFG): Free Stock Analysis Report This article National Fuel's FY25 Outlook Strengthens With Gas Price Tailwinds, Yet J.P. Morgan Holds Neutral Stance originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
