STEP Energy Services: Anticipates Current Strength in Oil and Gas Prices Will Continue Through the Balance of the Yr, Supporting Higher Demand for Oilfield Services; Global Inventories of Oil and Gas Were at Low End of Five-Yr Ranges, There Are Indications Fallout From Russia's Invasion of Ukraine Is Leading to Rebalancing of Oil and Gas Flows and a Call for Higher North Amer Energy Exports
STEP Energy Services: North Amer Oil and Gas Industry Is Positioned Well to Respond to This Increased Demand, and STEP Will Participate in This Growth With Its Ops in the Major Basins; STEP Has a Constructive View on 2Q, Which Could Show Stronger Results Than 2Q 2021
VIQ Solutions 1Q Loss/Shr 7c; Loss $2.01M; Rev $11.5M
Expected Major Events for Thursday
00:01/UK: Apr KPMG and REC UK Report on Jobs
04:30/JPN: Apr Corporate Insolvencies
05:00/JPN: Apr Economy Watchers Survey
06:00/UK: Mar UK trade
06:00/UK: Mar Index of production
06:00/UK: Mar Index of services
06:00/UK: Mar Monthly GDP estimates
06:00/UK: 1Q First quarterly estimate of GDP
08:00/FRA: May IEA Oil Market Report
08:30/UK: 1Q Business investment in the UK: provisional results
11:30/UK: Apr NIESR Monthly GDP Tracker
12:30/US: 05/07 Unemployment Insurance Weekly Claims Report - Initial Claims
12:30/US: Apr PPI
12:30/US: U.S. Weekly Export Sales
14:30/US: 05/06 EIA Weekly Natural Gas Storage Report
16:00/US: World Agricultural Supply & Demand Estimates (WASDE)
16:59/GER: Mar Balance of Payments
20:30/US: Foreign Central Bank Holdings
20:30/US: Federal Discount Window Borrowings
23:50/JPN: Apr Money Stock, Broadly-defined Liquidity
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Thursday
ADDvantage Technologies (AEY) is expected to report for 2Q.
Apyx Medical Corp (APYX) is expected to report $-0.15 for 1Q.
Aravive Inc (ARAV) is expected to report $-0.54 for 1Q.
Armstrong Flooring Inc (AFI) is expected to report $-0.26 for 1Q.
Brookfield Asset Management Inc - Class A (BAM,BAM.A.T) is expected to report $0.88 for 1Q.
Brookfield Infrastructure Corp (BIPC) is expected to report for 1Q.
CI Financial Corp (CIFAF,CIX.T) is expected to report $0.77 for 1Q.
Canadian Tire Corp Ltd - Class A (CTC.A.T,CTC.T) is expected to report for 1Q.
Carrols Restaurant (TAST) is expected to report $-0.35 for 1Q.
Cascades is expected to report for 1Q.
Crescent Point Energy Corp (CPG,CPG.T) is expected to report $0.40 for 1Q.
Evelo Biosciences Inc (EVLO) is expected to report $-0.55 for 1Q.
First Majestic Silver (AG,FR.T) is expected to report for 1Q.
H2O Innovation is expected to report $0.02 for 3Q.
Home Point Capital Inc (HMPT) is expected to report for 1Q.
Innodata (INOD) is expected to report for 1Q.
Kelly Services Inc (KELYA,KELYB) is expected to report $0.25 for 1Q.
Lifeway Foods (LWAY) is expected to report $-0.17 for 4Q.
Magenta Therapeutics Inc (MGTA) is expected to report $-0.32 for 1Q.
Matinas BioPharma Holdings Inc (MTNB) is expected to report $-0.03 for 1Q.
National Energy Services Reunited Corp (NESR) is expected to report $0.11 for 1Q.
Neuronetics Inc (STIM) is expected to report $-0.41 for 1Q.
OptiNose Inc (OPTN) is expected to report $-0.24 for 1Q.
P & F Industries Inc (PFIN) is expected to report for 1Q.
PGT Innovations Inc (PGTI) is expected to report $0.36 for 1Q.
Primo Water Corp (PRMW,PRMW.T) is expected to report for 1Q.
Quarterhill Inc (QTRH,QTRH.T) is expected to report $-0.02 for 1Q.
Quebecor Inc - A Share (QBCAF,QBR.A.T,QBR.B.T) is expected to report $0.55 for 1Q.
Republic First Bancorp (FRBK) is expected to report $0.09 for 1Q.
Rogers Sugar (RSGUF,RSI.T) is expected to report for 2Q.
Sotherly Hotels (SOHO) is expected to report for 1Q.
Tapestry Inc (TPR) is expected to report $0.41 for 3Q.
US Foods Holding Corp (USFD) is expected to report $0.57 for 1Q.
Utz Brands Inc (UTZ) is expected to report for 1Q.
VYNE Therapeutics Inc (VYNE) is expected to report for 1Q.
Vecima Networks is expected to report for 3Q.
Veru Inc (VERU) is expected to report $-0.19 for 2Q.
X4 Pharmaceuticals Inc (XFOR) is expected to report $-0.57 for 1Q.
Xebec Adsorption (XBC.T,XEBEF) is expected to report $-0.06 for 1Q.
iA Financial Corp Inc (IAG.T) is expected to report $1.77 for 1Q.
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ANALYST RATINGS ACTIONS
8X8 Raised to Buy From Neutral by B. Riley Securities
Akerna Cut to Neutral From Buy by Alliance Global Partners
AlerisLife Cut to Neutral From Buy by B. Riley Securities
Arcturus Therapeutics Raised to Neutral From Underperform by Baird
Array Technologies Cut to Neutral From Buy by Roth Capital
Arrowhead Pharmaceuticals Raised to Outperform From Neutral by Baird
Avaya Holdings Cut to Underweight From Neutral by JP Morgan
Azek Raised to Buy From Hold by Zelman
Biohaven Pharma Cut to Market Perform From Outperform by SVB Leerink
Biohaven Pharma Cut to Neutral From Buy by HC Wainwright & Co.
Carvana Cut to Hold From Buy by Stifel
Coinbase Cut to Neutral From Buy by Goldman Sachs
Construction Partners Raised to Strong Buy From Outperform by Raymond James
Digital Media Solutions Cut to Hold From Buy by Craig-Hallum
Electronic Arts Raised to Buy From Neutral by MoffettNathanson
Hecla Mining Raised to Buy From Neutral by Roth Capital
HF Sinclair Raised to Outperform From Market Perform by Cowen & Co.
Hydrofarm Holdings Cut to Neutral From Buy by UBS
Inovio Pharma Cut to Perform From Outperform by Oppenheimer
Jounce Therapeutics Cut to Neutral From Outperform by Baird
Katapult Holdings Cut to Hold From Buy by Loop Capital
Kimball Electronics Initiated at Buy by Lake Street
loanDepot Cut to Market Perform From Market Outperform by JMP Securities
loanDepot Cut to Neutral From Overweight by Piper Sandler
loanDepot Cut to Sell From Neutral by Citigroup
Novanta Raised to Outperform From Market Perform by William Blair
ON24 Cut to Hold From Buy by Needham
Pegasystems Cut to Hold From Buy by Truist Securities
Peloton Interactive Cut to Hold From Buy by Stifel
Peloton Interactive Raised to Market Outperform From Market Perform by JMP Securities
Planet Fitness Raised to Overweight From Neutral by JP Morgan
Rackspace Technology Raised to Outperform From Market Perform by Raymond James
Rocket Cos. Cut to Neutral From Buy by Citigroup
Trex Co Raised to Neutral From Underperform by Credit Suisse
TriCo Bancshares Raised to Overweight From Equal-Weight by Stephens & Co.
Unity Software Cut to Neutral From Outperform by Daiwa Capital
Upstart Holdings Cut to Equal-Weight From Overweight by Barclays
Upstart Holdings Cut to Neutral From Buy by B of A Securities
Upstart Holdings Cut to Neutral From Overweight by Atlantic Equities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
05-12-22 0531ET
