Take a look at the companies making headlines in midday trading. New Fortress Energy – Shares of New Fortress rose 17% after the natural gas company priced a public offering of about 46 million shares it underwrote through Morgan Stanley at $8.63 per share. Deutsche Bank on Tuesday lowered its price target and downgraded New Fortress to sell, citing impending dilution and arguing the stock carries “too much inherent risk” to the company's business model. Energy stocks – U.S. crude oil futures rose 4% on concerns that Iran was preparing to attack Israel, pushing energy company shares higher. APA Corp rose 5% and Halliburton gained 3%. Hess and Occidental Petroleum both rose more than 2%. Energy was the best-performing sector in the S&P 500, rising nearly 2%. Arcos Dorados – Shares surged more than 11% after the company told McDonald’s it was exercising its option to renew its master franchise agreement with the restaurant chain. The new agreement is also expected to include an option to renew for an additional 20 years after expiration, starting on January 1, 2045. Israel. Shares of Lockheed Martin and Northrop Grumman have recently risen 3.7% and 4.1%, respectively. L3Harris Technologies rose 3%. Paychex – Shares of Paychex rose more than 4% to hit a new 52-week high after the company reported better-than-expected fiscal first-quarter results. Paychex reported earnings of $1.16 per share, excluding items, on revenue of $1.32 billion. That was above analysts' expectations for earnings of $1.14 per share on revenue of $1.31 billion, according to FactSet. Hewlett Packard Co. – Shares of Hewlett Packard Co. dropped more than 4% after Citi downgraded the PC maker to “neutral” from “buy,” citing a deteriorating industry landscape and limited near-term impetus from artificial intelligence. Walt Disney — Shares fell 2.6% after Raymond James downgraded the media conglomerate to market perform from outperform, saying slowing demand and weak consumers are weighing on the Disneyland business. prospects are bleak. CVS Health – Shares of CVS Health fell nearly 2% after CNBC reported that the health care company is conducting a strategic review of its business with advisors, citing people familiar with the matter. One option being weighed is splitting the insurance and strategy businesses, people familiar with the matter said. Reuters first reported the news on Monday. Clorox – Shares of the home furnishings company rose nearly 2% after Jefferies upgraded the company to buy from hold. The investment firm believes Clorox is at a turning point and earnings should rise going forward. —CNBC’s Sarah Min, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Pia Singh, Michelle Fox and Darla Mercado contributed reporting.