NEW YORK (TheStreet) -- Dominion Resources (D) shares are up 0.9% to $72.53 in early market trading on Thursday after the energy company was added to Citigroup's "focus list" before the opening bell today.
Analysts at the firm believe that the company's stock is currently undervalued due to what it sees as very promising opportunities for positive cash flow in the near term.
Analysts at Wells Fargo initiated coverage on the company's stock yesterday with a "market perform" rating. Dominion Resources has an average rating of "hold" from 13 ratings agencies with an average twelve month price target of $74.78.
TheStreet Ratings team rates DOMINION RESOURCES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOMINION RESOURCES INC (D) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
The choppiness of refining always causes some concern among big investors, but they have beat estimates 3 of last 4 quarters and by 7.6% in total. PE based on 2014 earnings is only 12X. I think that investors forget that over 1/2 of earnings are in chemicals, midstream & specialty products which carry much higher return on invested capital. All growth investments are going into those businesses so that refining with lower margins becomes a smaller part of the business. They also do all the things I think a great stock should do. Have low debt and such huge free cash flow that they can invest for growth, pay an ever increasing dividend and opportunistically buy back shares. All these buinesses were squandered when they were run by COP.
Based on the way dividendseeker came up with these numbers 187 is a good number. I used the numbers from slide 12 used at the 2014 annual meeting as a guide and came up with an average growth rate of 25%. So CELG could trade at close to $140 close in and low $180's late next year. But that is based on a PE of 1.5 times 25%. Is that right?? Too many unknown factors like overall Stock market growth, can CELG make their numbers and how do investors in general feel about CELG with a much higher market cap. At a PE 1.2 times growth 146 late next year would be more rational. But you never know that is why when I find a good company I hold for the long pull.
I am long this stock and holding for the long pull. I like their old guidance of $7.50 earnings in 2017 which will probably be guided higher with the next update. I also like and hold REGN as a companion in this space.
Bingo. This is the primary reason. I do not know why this company which is more like a pipeline company is included with E&P's. Also you have momentum players who panic and sell anything energy related because they know that the other momentum players will sell. Refiners get hurt worse when oil is high. This business is all about volumes based on clean produce and a high percentage utilization rate and therefore margins. It is all about cash flow and not revenues. Good time to buy.
I beleive a big part of the problem is that PSX is mixed into energy ETF's with drillers and service companies that do gety hurt when oil goes down. Hedge funds flip them around and we get screwed.
The problems are Europe 1st and then China. Remember this is an international corporation and earnings come form all over. The US cannot hold up the price of CMI by itself.
Good call by Ned Davis. CMI beat the 3rd quarter estimates and guided up for the rest of the year. Stock is up over $6 at 1:15PM or 6%. Anybody listening to these clowns must be really POed.
State-of-the-art facility will add jobs to the region and further expand the Company’s capacity to serve customers throughout the Midwest
RADNOR, Pa.--(BUSINESS WIRE)--
Airgas, Inc. (ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, today celebrated its new 250,000 square foot, state-of-the-art facility in Germantown, WI with a building dedication and tour. The new facility, which includes a distribution center and administrative office space, will expand and further streamline the Company’s hardgoods supply chain to Airgas customers and branch locations when it is fully operational in early December 2014. The facility will also be the new home for the regional Airgas Total Access™ telesales team that serves Airgas customers across much of the Midwest and Mountain States. Scott Walker, Governor of Wisconsin, and Dean Wolter, Germantown Village President, joined Airgas President and Chief Executive Officer Michael L. Molinini, President of Airgas USA, LLC Andrew R. Cichocki, Airgas associates, and residents of the Germantown community to celebrate the new facility.
“Airgas has been a part of the Germantown community for more than 17 years,” said Molinini. “We are very pleased to have found a new location that allows our distribution center, Airgas Total Access team, and support offices to remain in Germantown, while expanding our capacity to serve our customers and provide additional jobs to the region. We look forward to continuing our successful partnerships with the residents, businesses and civic associations of Greater Milwaukee for many years to come.”
Located on a 24-acre site, the facility will be twice the size of the Company’s current Germantown distribution center, located four miles away, while combining two existing office locations in the Milwaukee metropolitan area. Airgas will sell its preexisting distribution center. As a result of the expansion, the Company has hired 20 new associates to fill roles throughout the new facility and expects to hire an additional 60 associates by 2016.
The new distribution center is one of six that Airgas operates across the country. It will be used to stock and ship hardgoods, including welding equipment and safety products, to Airgas customers and branch locations throughout much of the Midwest. The facility will also include 58,000 square feet of office space for Airgas Total Access™ and for administrative support functions.
So one there are firms in every state that cannot make it and go under. However, Wisconsin in general seems to be doing quite fine. In many states the participation rate has been going down thanks to the idiotic polices of the Obama Administration, yet in Wisconsin the participation rate is rising, total employment is rising and unemployed is going down. In Wisconsin's case even though the labor force is expanding unemployment rate going down. I guess the current state administration is doing something right.
In neighboring Illinois run by a bunch of libs, 3/4 of the drop in unemployment since April was caused by people leaving the work force because they cannot find jobs over a long period of time. Maybe that is why they wised up and elected a Republican Governor.
Reports Q3 (Sep) earnings of $0.31 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 5.5% year/year to $1.21 bln vs the $1.26 bln consensus.
Spectra Energy Partners reported ongoing third quarter 2014 EBITDA of $422 million, compared with $366 million in third quarter 2013. The 2013 period excludes a special item of $6 million in transaction costs related to the drop-down of assets into Spectra Energy Partners.
Co also announced a 10.5% increase in the quarterly cash dividend on its common stock to $0.37 per share from the previous dividend of $0.34
Merger with which company??? NI the Electric and gas utility or COLP the ticker for the new spun off company which will hold the pipelines, midstream and associated businesses. I believe the new company will be an MLP and the way the press release read NI will have no interest in it. Existing shareholders will get all the shares in proportion to their ownership of NI. In this case Nisource just wants to split the business whereas Dominion wants to control the MLP and use it as a way of raising money to build an empire.
The problem is that their is no opportunity because the regulators will not let this happen. CP is also not run as well as you might think. The stock is up big because the railroad was falling apart and was saved by the current management but still has major issues. Plus the Canadian government has been pushing both big Canadian RR's due to problems handling last years agricultural produce. Record levels again this year. A better match would be UP which is the best run NA railroad. I also own shares in UNP and their CEO wants no part of a merger. This was discussed on their 3rd Q conference call.
If you do all the homework, listen to the conference calls, etc., it becomes obvious that most of the talking heads have no clue what is going on. Just look at the average mutual fund. Most managers cannot even match the market.
This is probably not a stock for someone who needs income from investments. On the other hand someone not needing the income can invest in UA and not have any cost until they sell. Theoretically the dividend stream would have been reinvested in the company which is happening and then you get a larger capital gain. For the average person you pay 15% tax on the gain and whatever your state requires.
I do not know specifically about PSX, but in general refineries switch product at this time of year and during that process close down to perform maintenance. Part of the problem with oil in general is that it is piling up in storage until the maintenance is complete. Car sales have been picking up and in general bigger vehicles. Although MPG are up the bigger vehicles use more gas. Chemicals are doing well and I suspect their midstream operations are OK. PSX continues to reduce refining as a percent of business and invest in the higher return businesses. As a long term investor, I see the price higher down the road. The short term is always iffy do to all the bad things that can effect the refining business,
Now that CTIX has popped a little, we have attracted opportunists, wackos and hucksters trying to sell stuff. These low price stocks are normally a beacon for these types the last few days action has sent them like an avalanche onto this site. i am having trouble finding the real posts. There will also be a lot of turbulence. The stock will whipsaw back and forth. The fact that CTIX does not make money is another problem so posters can pretty much say anything they want. basically it is an annoyance that we have to put up with.
So we have a few individual situations where small companies have gone under, yet in the last 20 months from Jan 1, 2013 through August 31, 2014 Wisconsin has added 44,375 and the umemployment rate has gone down to 5.8% from 6.9%. September was a great month nationally and August was updated with big gains so my guess is that when the states are updated in the Bureau of Labor statistics Database then we will see even better numbers.
And the point of this site is to discuss Wisconsin Energy which is doing really well because of employment gains and a better business environment. It's not to hear some liberal cry baby wining because is guy didn't get elected.
Let's take a look at Wisconsin under current governor and Illinois under their liberal administration and see where you want to be. In Jan 2008 Illinois had it's largest civilian labor force of 6725940 with an unemployment rate of 5.5%. At the same time Wisconsin's labor force reached 3095786 with 4.4% unemployed. Fast forward to September 2014. Illinois labor force has shrunk 3.45%; however Wisconsin's is down only 0.29%. Baby Boomers are retiring but that is a huge difference for neighboring states.
Hold on it gets better. Total Illinois employment is down 4.61% over the same period and unemployment is 6.7%. For the same period Wisconsin total employment is down 1.41& with an unemployment rate of 5.5%. The number of unemployed in Illinois is currently 5.95% greater than Wisconsin's in raw numbers while Illinois labor force is only 2.1X bigger than Wisconsin's. Yes, there are always companies going out of business ofr various reasons and there are clowns who like to emphasize the negatives for whatever; however, when it comes to reality you are a lot better living in a state with rational politics than in a socialist entity. The numbers come from the US Bureau of Labor statistics.
Talk is cheap. In the last round of mergers the rail system was brought to it's knees. Plus the rail transport board will never let it happen.