Latest news with #JasonGabelman
Yahoo
17 hours ago
- Business
- Yahoo
Energy Transfer LP (ET) Gets Initiated With a New Buy Rating at TD Cowen
Energy Transfer LP (NYSE:ET) is one of the best . On July 7, Energy Transfer LP (NYSE:ET) was initiated with a new Buy rating by TD Cowen analyst Jason Gabelman, setting a price target of $22. The analyst based the rating on the company's considerable involvement in the natural gas sector and its diversified operations. An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. He reasoned that Energy Transfer LP (NYSE:ET) generates a considerable portion of its earnings from natural gas, which positions it well to capitalize on sector growth. The firm considers the company's current valuation to be attractive, despite some accounting complexities, due to its publicly traded subsidiaries. Gabelman further stated that Energy Transfer LP (NYSE:ET) has a strong presence in key natural gas basins in the US, which increases its potential and connectivity to benefit from rising natural gas demand. He expects Energy Transfer LP (NYSE:ET) to experience EBITDA growth as well, supported by projects such as the Hugh Brinson pipeline. Future projects may also drive growth for the company, including data center-related supply initiatives and Lake Charles LNG. Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. While we acknowledge the potential of ET 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
21 hours ago
- Business
- Yahoo
Energy Transfer LP (ET) Gets Initiated With a New Buy Rating at TD Cowen
Energy Transfer LP (NYSE:ET) is one of the best . On July 7, Energy Transfer LP (NYSE:ET) was initiated with a new Buy rating by TD Cowen analyst Jason Gabelman, setting a price target of $22. The analyst based the rating on the company's considerable involvement in the natural gas sector and its diversified operations. An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. He reasoned that Energy Transfer LP (NYSE:ET) generates a considerable portion of its earnings from natural gas, which positions it well to capitalize on sector growth. The firm considers the company's current valuation to be attractive, despite some accounting complexities, due to its publicly traded subsidiaries. Gabelman further stated that Energy Transfer LP (NYSE:ET) has a strong presence in key natural gas basins in the US, which increases its potential and connectivity to benefit from rising natural gas demand. He expects Energy Transfer LP (NYSE:ET) to experience EBITDA growth as well, supported by projects such as the Hugh Brinson pipeline. Future projects may also drive growth for the company, including data center-related supply initiatives and Lake Charles LNG. Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. While we acknowledge the potential of ET 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Business Insider
26-06-2025
- Business
- Business Insider
TD Cowen Reaffirms Their Hold Rating on Equinor ASA (EQNR)
In a report released today, Jason Gabelman from TD Cowen maintained a Hold rating on Equinor ASA (EQNR – Research Report), with a price target of $19.00. The company's shares closed yesterday at $25.10. 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 Gabelman covers the Energy sector, focusing on stocks such as Exxon Mobil, BP, and Calumet Specialty Products. According to TipRanks, Gabelman has an average return of 7.7% and a 56.76% success rate on recommended stocks. Currently, the analyst consensus on Equinor ASA is a Hold with an average price target of $24.29. The company has a one-year high of $29.03 and a one-year low of $21.41. Currently, Equinor ASA has an average volume of 4.13M.
Business Insider
30-04-2025
- Business
- Business Insider
TD Cowen Keeps Their Hold Rating on Neste (NTOIY)
TD Cowen analyst Jason Gabelman maintained a Hold rating on Neste (NTOIY – Research Report) today and set a price target of $6.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Gabelman covers the Energy sector, focusing on stocks such as BP, Phillips 66, and Equinor ASA. According to TipRanks, Gabelman has an average return of 4.9% and a 50.00% success rate on recommended stocks. Currently, the analyst consensus on Neste is a Hold with an average price target of $8.00. Based on Neste's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.57 billion and a GAAP net loss of $135 million. In comparison, last year the company earned a revenue of $6.3 billion and had a net profit of $400 million
Yahoo
19-03-2025
- Business
- Yahoo
BP stock downgraded at TD Cowen on lower netbacks, higher cash calls
-- TD Cowen cut its rating on BP (LON:BP) (NYSE:BP) stock to Hold from Buy, citing the company's high exposure to lower netback regions and fixed calls on cash, limiting shareholder returns. The investment bank also trimmed its price target to $36 from $40. The downgrade reflects concerns about BP's reliance on divestments to improve its balance sheet. TD Cowen forecasts that net debt could rise by $2 billion in 2025 due to first-quarter buybacks, and by approximately $0.5 billion per year through 2028 if the company continues share buybacks at the lower end of its cash flow from operations (CFO) target of 30-40%. As a result, the company's ability to reduce its current $20 billion debt to between $14 billion and $18 billion hinges on successfully executing its $20 billion divestment target. TD Cowen also points out challenges in BP's upstream business, noting that it has significant exposure to less competitive cash netbacks due to its positions in the Middle East or equity affiliates. 'BP has limited Upstream production growth until late this decade when larger Gulf of Mexico projects come online, with production growth to 2027 at 5% below peer average,' TD Cowen's Jason Gabelman noted. Obligations such as Macondo payments, leases, and hybrid debt service are expected to account for roughly 25% of CFO in 2025, a figure significantly higher than the peer average of approximately 6%. Despite these concerns, BP's updated strategy, which focuses on reducing renewables spend and improving operations, could put the company on better strategic footing. Potential divestments, including Castrol, 50% of Lightsource BP, and onshore wind assets, could assist BP in reaching its divestment goals. However, TD Cowen emphasized that these efforts would primarily serve to strengthen the balance sheet, and BP would still need to demonstrate improved operations and a more competitive upstream portfolio. In a separate note, TD Cowen maintained a Buy rating on Shell (NYSE:SHEL), highlighting it as the best-positioned oil company among European peers to sustain attractive shareholder distributions, even in a lower price environment. Shell's positive outlook is supported by a decrease in capital expenditures and an increase in cash flow from large projects that are now coming online. The firm expects Shell to reiterate its 6% FCF guidance through 2030 at its upcoming Analyst Day. Related Articles BP stock downgraded at TD Cowen on lower netbacks, higher cash calls Nvidia, xAI to join Microsoft, BlackRock to develop AI infrastructure Axel Springer weighs sale of marketing business Awin, sources say Sign in to access your portfolio
