Q2 results reported in late July missed expectations due to downtime and non-recurring charges. Our ‘19e CFPS estimate falls 3%. Reducing TP to $9.75 from $14.00 given drop in WTI since late June.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 impacted by downtime; TP lowered to $9.75
- Published:
08 Aug 2019 -
Author:
Michael P. Dunn -
Pages:
9
Q2 results reported in late July missed expectations due to downtime and non-recurring charges. Our ‘19e CFPS estimate falls 3%. Reducing TP to $9.75 from $14.00 given drop in WTI since late June.