U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
Oct 4- Murphy Oil Corp:. *Responds to third point investor letter. *Says recently met with a number of investors including third point llc.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
Oct 4- Murphy Oil Corp:. *UBS raises Murphy Oil Corp price target to $62 from $54; rating neutral. Reuters Station users, click. 1568.
NEW YORK, Oct 3- Hedge fund manager Daniel Loeb built a major position in distressed Greek government bonds in September, according to a monthly report and quarterly letter he sent to his investors.
Fresh off a successful fight with Yahoo! that resulted in a new chief executive and seats on the Internet company’s board, hedge-fund manager Dan Loeb has zeroed in on a new potential target: the oil and gas explorer Murphy Oil.
NEW YORK, Oct 3- Hedge fund manager Daniel Loeb built a major position in distressed Greek government bonds in September, according to a monthly report he sent to his investors. Loeb's nearly $5 billion Third Point Offshore Fund gained 3.4 percent last month, helped by its position in Greek debt, said the Sept. 30 dated note which was reviewed by Reuters.
Check out which companies are making headlines after the bell Tuesday.
Oct 2- Murphy Oil Corp:.
Oct 1- Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc. as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. unit Mocal Energy and Murphy Oil Corp.
If you’re looking to put money to work in the market right now, Bill Greiner, CIO of Mariner Wealth Advisors has two names for you.
Take a look at some of Thursday’s morning movers:
CNBC performed an analysis that could unlock some value even in this market.
Energy stocks are on pace to book their worst week of the year, with companies like Marathon Oil and Valero Energy tumbling some 8 percent.
Shareholders big and small may cheer the flurry of recent spin-offs, but in some cases divestitures can be a sugar high that comes at the expense of long-term earnings.
Apache's purchase of new drilling acreage and Chesapeake's plans to cut natural gas production highlight the divergence in oil and gas prices that has made stock picking tricky.
A couple of “Fast Money” pros largely brushed aside concerns about Iran’s effect on crude oil prices Tuesday, focusing instead on decreasing demand as the stronger factor in the commodities market.
Here's why you should keep a close eye on these six stocks.
Crude oil prices are down about 20 percent since they closed near a three-year high on April 29, 2011. Here are the stocks that have lost the most on a percentage basis since that time.
Having spent the last few days reporting from locations all over the lower part of Louisiana, it's clear that the "all clear" has yet to be given.