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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:00 EDTCELP, HIMX, MLNX, ISIL, CFX, SLAB, ICGE, GPOR, INVNOn The Fly: Analyst Initiation Summary
Cypress Energy (CELP) initiated with a Buy at Janney Capital... ICG Group (ICGE) initiated with an Overweight at Evercore... Intersil (ISIL) assumed with an Overweight at Piper Jaffray... InvenSense (INVN) assumed with an Overweight at Piper Jaffray... Silicon Laboratories (SLAB) assumed with an Overweight at Piper Jaffray... Mellanox (MLNX) initiated with a Buy at Nomura... Colfax (CFX) initiated with a Hold at Argus... Gulfport Energy (GPOR) initiated with a Buy at Tudor Pickering... Himax Technologies (HIMX) initiated with an Outperform at Credit Suisse.
News For CELP;ICGE;ISIL;INVN;SLAB;MLNX;GPOR;CFX;HIMX From The Last 14 Days
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March 4, 2015
07:24 EDTINVNGSMA to hold a conference
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March 2, 2015
08:12 EDTSLABSilicon Laboratories says prevails in ITC patent infringement hearing
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February 27, 2015
09:58 EDTCFXOn The Fly: Analyst Initiation Summary
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09:58 EDTGPOROn The Fly: Analyst Upgrade Summary
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07:58 EDTGPORGulfport Energy price target raised to $60 from $50 at Wunderlich
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07:50 EDTGPORGulfport Energy upgraded to Buy from Hold at Johnson Rice
07:45 EDTGPORGulfport Energy price target raised to $54 from $46 at Canaccord
Canaccord raised its price target on Gulfport Energy to $54 from $46 as the believe it may be the best positioned name in their coverage universe considering its growth profile, balance sheet, and core Utica acreage position. Canaccord reiterated its Buy rating on Gulfport Energy shares.
06:42 EDTCFXColfax initiated with an Outperform at Cowen
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February 25, 2015
16:10 EDTGPORGulfport Energy reports 305% increase in total proved reserves to 933.6 Bcfe
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16:09 EDTGPORGulfport Energy sees FY15 CapEx $545M-$595M
With 96% allocated to activities in the Utica Shale.
16:08 EDTGPORGulfport Energy sees FY15 production 432-480 MMcfepd
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16:07 EDTGPORGulfport Energy reports Q4 adjusted EPS 12c, may not compare to consensus (1c)
Reports Q4 revenue $267.7M, may not compare to consensus $169.54M.
February 24, 2015
09:49 EDTSLABSilicon Laboratories management to meet with Topeka
Meeting to be held in Chicago on February 26 hosted by Topeka.
February 23, 2015
16:17 EDTCFXColfax files automatic mixed securities shelf
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09:59 EDTINVNOn The Fly: Analyst Initiation Summary
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07:56 EDTINVNInvenSense initiated with an Outperform at Barrington
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07:38 EDTCELPCypress Energy acquires remaining 49.9% interest in Tulsa Inspection for $52.6M
Cypress Energy Partners reported that it has acquired in an accretive all cash transaction the remaining 49.9% interest in Tulsa Inspection Resources, Tulsa Inspection Resources – Nondestructive Examination, and Tulsa Inspection Resources Holdings, that it did not previously own, from an affiliate of Cypress Energy Holdings and certain other beneficial owners of CEH. The enterprise was valued at approximately 7x adjusted EBITDA with customary debt and working capital adjustments that resulted in a cash payment of approximately $52.6M, which was funded under CELP’s credit facilities. CELP now owns 100% of TIR. CELP's CEO Peter Boylan stated, “This will further enhance CELP’s earnings and distributable cash flow potential and should allow us to more than offset the declines anticipated in the water & environmental services division as a result of lower prices, volumes, and drilling activity. This transaction also provides us with additional flexibility in 2015 with regard to our coverage ratio and distributions... We believe that the market disruption as a result of lower commodity prices will create some attractive opportunities for us in 2015 and beyond.” The acquisition will contribute approximately 42% of TIR’s consolidated distributable cash flow.

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