Notable Mergers and Acquisitions 10/18: (OAS) (SM) (TWMC) (SXI)
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
KLR Group Raises Price Target on Oasis Petroleum (OAS) Following Williston Basin Acquisition
October 19, 2016 8:21 AM EDTKLR Group reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $18.00 (from $17.00), following the company's announced Williston Basin acquisition. The acquisition includes ~12.4 Mboepd of production and ~226 gross operated locations. To partly fund the acquisition, OAS priced ~55.2 mm shares, representing... More
Jefferies Raises Price Target as Oasis Petroleum (OAS) Announces Williston Basin Acquisition
October 19, 2016 8:05 AM EDTJefferies reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $16.00 (from $15.00), following the company's announced acquisition of producing properties and acreage in the Williston Basin. OAS has agreed to purchase 55k net acres with 12.4 Mboe/d of current... More