Tag: oil exploration

Wall Street sees as much as 70% upside for these highly rated energy stocks in rally mode

Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in energy-stock prices. Take a look at this chart showing price movement for continuous forward-month West Texas intermedia crude oil CL00 contracts over the past year: FactSet WTI was up 3.3% early on Sept. 15 to […]

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SoftBank snaps up $2.8 billion stake in Norway robotics firm

Japanese investment giant SoftBank has agreed to pay $2.8 billion for a 40% stake in Norwegian warehouse automation company AutoStore. SoftBank SFTBY, +4.87% will buy the stake from U.S. buyout group Thomas H. Lee Partners and Sweden’s EQT EQT, -4.54% in a deal that values AutoStore at $7.7 billion, including debt, the two companies said […]

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Rackspace stock sinks as it misses estimates

Cloud-services provider Rackspace Technology Inc. missed expectations across the board even as Chief Executive Kevin Jones said Thursday that the company’s fourth quarter “capped off a fantastic year,” during which bookings and revenue grew. Rackspace RXT, +1.55% shares fell more than 8.5% after hours, after rising 1.6% in the regular session to close at $24.96.  […]

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