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News Breaks
March 7, 2014
10:00 EDTSWY, KIN, CYS, SPLS, TCPC, PNFP, HUM, MTGE, OAS, GNCMA, SBLK, NYMT, HMHC, ANR, MTDR, VMEMOn The Fly: Analyst Downgrade Summary
Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Deutsche Bank... CYS Investments (CYS) downgraded to Hold from Buy at Deutsche Bank... Houghton Mifflin (HMHC) downgraded to Hold from Buy at Stifel... Humana (HUM) downgraded to Hold from Buy at Jefferies... Kindred Biosciences (KIN) downgraded to Neutral from Buy at Roth Capital... New York Mortgage (NYMT) downgraded to Hold from Buy at Deutsche Bank... Numerex (NMRX) downgraded to Hold from Buy at Canaccord... Pinnacle Financial (PNFP) downgraded to Hold from Buy at Wunderlich... Safeway (SWY) downgraded to Hold from Buy at BB&T... Star Bulk Carriers (SBLK) downgraded to Equal Weight from Overweight at Morgan Stanley... TCP Capital (TCPC) downgraded to Hold from Buy at Deutsche Bank... Violin Memory (VMEM) downgraded to Underperform from Buy at BofA/Merrill... General Communications (GNCMA) downgraded at Raymond James... Staples (SPLS) downgraded to Hold from Buy at Argus... Matador (MTDR) downgraded to Hold from Accumulate at KLR Group... Oasis Petroleum (OAS) downgraded to Accumulate from Buy at KLR Group.
News For ANR;MTGE;CYS;HMHC;HUM;KIN;NYMT;PNFP;SWY;SBLK;TCPC;VMEM;GNCMA;SPLS;MTDR;OAS From The Last 14 Days
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February 10, 2016
07:34 EDTHUMHumana sees 2016 projected net membership growth in standalone PDP 300K-330K
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07:33 EDTHUMHumana sees Q1 adjusted EPS 'at least' $1.80, consensus $2.50
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07:32 EDTHUMHumana sees FY16 adjusted EPS 'at least' $8.85, consensus $8.73
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07:31 EDTHUMHumana reports Q4 EPS $1.45, consensus $1.45
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06:17 EDTSPLSStaples receives approval from European Union to acquire Office Depot
Staples (SPLS) has received approval from the European Union to acquire Office Depot (ODP). The acquisition has been approved in Australia, New Zealand, China, and Europe. The European Commission approved the acquisition on the condition that Staples divest Office Depot's European contract business and all of Office Depot's operations in Sweden. Staples will meet these requirements, and the parties have decided that they will also divest Office Depot's retail, online and catalog operations in Europe in connection with closing the transaction. The merger is the subject of ongoing litigation with the U.S. Federal Trade Commission as well as the Canadian Competition Bureau. The companies recently announced the completion of financing arrangements and the extension of their merger agreement from February 4 to May 16.
February 9, 2016
14:36 EDTHUMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Time Warner (TWX), consensus $1.01... Humana (HUM), consensus $1.45... Owens Corning (OC), consensus 45c... Carlyle Group (CG), consensus 31c... Medidata (MDSO), consensus 24c.
February 7, 2016
14:45 EDTHUMLeerink healthcare services analyst holds analyst/industry conference call
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February 5, 2016
11:16 EDTSPLSParty City enters into e-commerce relationship with Staples
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February 4, 2016
10:01 EDTSBLKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
09:18 EDTSBLKStar Bulk Carriers downgraded to Neutral from Speculative Buy at Seaport Global
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February 3, 2016
16:04 EDTMTGEAmerican Capital Mortgage reports Q4 EPS (13c) vs. (49c) last quarter
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10:00 EDTHMHCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Capella Education (CPLA) initiated with an Outperform at Credit Suisse... DeVry (DV) initiated with an Outperform at Credit Suisse... Gilead (GILD) initiated with a Buy at Standpoint Research... Grand Canyon (LOPE) initiated with a Neutral at Credit Suisse... Hannon Armstrong (HASI) initiated with an Equal Weight at Morgan Stanley... Houghton Mifflin (HMHC) initiated with an Outperform at Credit Suisse... Mediaset (MDIUY) initiated with a Buy at Jefferies... Palo Alto (PANW) initiated with a Buy at Maxim... Splunk (SPLK) initiated with a Buy at Maxim... Strayer (STRA) initiated with a Neutral at Credit Suisse... Tableau (DATA) initiated with a Sell at Maxim... Tesla (TSLA) initiated with a Sell at Berenberg... WisdomTree (WETF) initiated with an Outperform at Northland... bluebird bio (BLUE) initiated with an Outperform at Leerink.
06:07 EDTMTDRMatador sees FY16 oil production guidance of 4.9M-5.1M barrels
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06:07 EDTMTDRMatador sees FY16 capital budget $325M, FY16 adjusted EBITDA $120M-$130M
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06:06 EDTMTDRMatador reports 2015-end proved oil and natural gas reserves of 85.1M BOE
Matador announced its proved oil and natural gas reserves were 85.1M barrels of oil equivalent at December 31, 2015, an all-time high for the company and a 24% increase from 68.7 million BOE at December 31, 2014. The present value, discounted at 10%, of the estimated future net cash flows before income taxes of Matador's total proved oil and natural gas reserves at December 31, 2015, was $541.6M, as compared to a PV-10 of $1.04B at December 31, 2014, a 48% year-over-year decrease resulting from declines in oil and natural gas prices between the two periods. At December 31, 2015, Matador's proved oil and natural gas reserves were 40% proved developed reserves, as compared to 45% at December 31, 2014. For the year ended December 31, 2015, Matador's proved oil and natural gas reserves were estimated using an average oil price of $46.79 per barrel and an average natural gas price of $2.59 per million British Thermal Unit, a decrease of 49% and 40%, respectively, as compared to an average oil price of $91.48 per barrel and an average natural gas price of $4.35 per MMBtu used to estimate Matador's proved reserves for the year ended December 31, 2014. Proved oil reserves increased 89% to 45.6 million barrels at December 31, 2015, as compared to 24.2 million barrels at December 31, 2014. Including Matador's 2015 total oil production of approximately 4.5 million barrels, Matador effectively doubled its proved oil reserves year-over-year, despite an almost 50% year-over-year decline in the oil price required to be used to estimate proved oil reserves at December 31, 2015. Matador's proved oil reserves in the Delaware Basin increased almost four-fold to 31.4 million barrels at December 31, 2015, as compared to 8.1 million barrels at December 31, 2014, resulting from the Company's ongoing drilling and completion operations in the Delaware Basin. Proved oil reserves comprised 54% of the Company's total proved reserves at December 31, 2015, as compared to 35% at December 31, 2014. Proved natural gas reserves decreased 11% to 236.9 billion cubic feet at December 31, 2015, as compared to 267.1 billion cubic feet at December 31, 2014. The decline in year-over-year natural gas reserves resulted principally from the reclassification of proved undeveloped natural gas reserves to contingent resources, primarily in the Haynesville shale, as a result of the decline in natural gas prices during 2015. As long as the leasehold acreage associated with these previously classified proved undeveloped natural gas reserves is held by production from existing Haynesville wells, however, these natural gas volumes remain available to be developed by Matador or the operator at a future time should natural gas prices improve, drilling and completion costs decline or new technologies be developed that increase expected recoveries. Matador's natural gas reserves comprised 46% of Matador's total proved reserves at December 31, 2015, as compared to 65% at December 31, 2014.
February 2, 2016
16:16 EDTHMHCHoughton Mifflin initiated with an Outperform at Credit Suisse
Target $23.
16:02 EDTSPLSStaples, Office Depot finalize merger agreement extension
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11:10 EDTSPLSStocks with call strike movement; NFLX SPLS
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February 1, 2016
16:08 EDTSBLKStar Bulk Carriers announces agreement to sell modern Capesize vessel
Star Bulk Carriers announced that the company has entered into an agreement to sell M/V Obelix (a 181,433 dwt Capesize vessel, built in 2011) to an unaffiliated third party for $23.3M, net of all commissions. The Vessel is expected to be delivered to the Buyers during the first half of 2016. The Company intends to use a portion of the net proceeds from the sale of the Vessel for repayment of the outstanding debt amount related to the Vessel and the remainder for general corporate purposes, including capital expenditures.
06:03 EDTHUMAetna on track to close Humana transaction in 2H16
The company commented, "We continue to work diligently with the Department of Justice and state regulators toward final approval of our proposed acquisition of Humana, and we continue to advance our integration readiness plans. We have obtained seven of the necessary state approvals, and we believe we remain on track to close the transaction in the second half of 2016."
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