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Stock Market & Financial Investment News

News Breaks
January 28, 2014
05:45 EDTNBG, EOGStocks with implied volatility movement; NBG EOG
Stocks with implied volatility movement; National Bank of Greece (NBG) 34, EOG Resources (EOG) 59 according to iVolatility.
News For EOG;NBG From The Last 14 Days
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February 27, 2015
05:51 EDTNBGStocks with implied volatility movement; KMI NBG
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February 25, 2015
10:20 EDTEOGEOG Resources call activity attributed to takeover speculation
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10:10 EDTEOGRumor: EOG Resources strength attributed to takeover speculation
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07:09 EDTEOGZaZa Energy updates on East Texas lower cretaceous operations
ZaZa Energy (ZAZA) announced 30-Day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas and the proposal of two new Buda-Rose vertical wells in its vicinity. The Colburn #3H has achieved 24-hour peak production of approximately 808 boe/d, with NGLs, which includes 70 b/d of 53 API oil, 2,860 mcf/d of natural gas, and 262 NGLs b/d. Over the first 30 days of production, average three-stream production for the Colburn #3H was approximately 585 boe/d, consisting of about 250 b/d of liquids and 2,021 mcf/d of natural gas. The Colburn #3H is operated by EOG Resources (EOG), with ZaZa holding a 25% working interest.
February 20, 2015
16:20 EDTNBGOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory with time running out for Greece to reach an extension of its bailout agreement. The morning was filled with headlines from both Greek and eurozone finance leaders, many of which indicated that prospects for a deal looked grim. When reports surfaced that an agreement on an extension had been reached the Dow took off and hit its first new high of 2015. The S&P 500 followed to its own new high and the Nasdaq continued to close in on the 5,000 level. ECONOMIC EVENTS: In the U.S., Markit's flash PMI rose to 54.3 in February, versus the consensus forecast for a preliminary reading of 53.6 for the month. In Europe, the Eurogroup and Greece reached a tentative deal for an extension of the current EFSF Master Financial Assistance Facility Agreement for up to four months. The deal is predicated on Greek authorities presenting a first list of reform measures, based on the current arrangement, by the end of Monday. Also, the Eurozone flash composite PMI came in at 53.5, versus expectations for a reading of 53. The services PMI was better than expected, while the manufacturing PMI was lower than expected. COMPANY NEWS: Deere reported Q1 earnings per share of $1.12 and revenue of $6.38B, which beat consensus forecasts of 84c and $5.59B, respectively. However, Deere said company equipment sales are projected to decrease about 17% for fiscal 2015 and now sees net income to be about $1.8B, which is down from the company's prior net income outlook of $1.9B. Analysts at Wells Fargo calculate that the implied EPS guidance from Deere dropped to $5.25 from $5.50. Consensus for FY15 EPS prior to Deere's report was $5.51. Shares of the farm, construction and forestry equipment maker rose 72c, or 0.79%, to $92.43 following this morning's report. MAJOR MOVERS: Among the notable gainers was National Bank of Greece (NBG), whose shares trading in New York jumped 35c, or 21.74%, to $1.96 after the Greek aid extension deal was negotiated. Also higher was Springleaf (LEAF), which gained $4.40, or 12.88%, to $38.57 after Reuters reported that the company has beaten out rival bidders and is in advanced talks to buy consumer finance unit OneMain Financial from Citigroup (C) for more than $4B. Two stock that dropped after their earnings reports prompted multiple analyst downgrades were Noodles & Company (NDLS), which plunged $8.84, or 31.87%, to $18.90, and Rocket Fuel (FUEL), which fell $3.95, or 26.74%, to $10.82. INDEXES: The Dow rose 154.67, or 0.86%, to 18,140.44, the Nasdaq gained 31.27, or 0.63%, to 4,955.97, and the S&P 500 advanced 12.85, or 0.61%, to 2,110.30.
14:32 EDTEOGEOG Resources price target raised to $113 from $100 at Wunderlich
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09:08 EDTEOGEOG Resources downgraded to Underweight from Equalweight at Capital One
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08:08 EDTEOGEOG Resources downgraded to Neutral from Outperform at Macquarie
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07:21 EDTEOGEOG 2015 oil production guidance likely conservative, says RBC Capital
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06:57 EDTNBGNational Bank of Greece volatility elevated on Greek bailout talks with the EU
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06:14 EDTEOGEOG Resources downgraded to Neutral from Buy at UBS
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February 19, 2015
09:59 EDTEOGOn The Fly: Analyst Downgrade Summary
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09:12 EDTEOGOn The Fly: Pre-market Movers
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06:13 EDTEOGEOG Resources downgraded to Neutral from Buy at Citigroup
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February 18, 2015
18:55 EDTEOGOn The Fly: After Hours Movers
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17:15 EDTEOGEOG Resources expects to complete about 45% fewer wells in FY15
EOG's primary goal for 2015 is to position the company to resume long-term growth once crude oil prices recover. The company is not interested in accelerating crude oil production in a low-price environment. Capital expenditures for 2015 are expected to range from $4.9B-$5.1B, including production facilities and midstream expenditures, and excluding acquisitions. This 40 percent reduction compared to 2014 reflects EOG's commitment to capital discipline in a low crude oil price environment. Capital will be allocated primarily to EOG's highest rate-of-return oil assets, the Eagle Ford, Delaware Basin and Bakken plays. To further enhance capital efficiency, EOG plans to utilize rigs under existing commitments and delay a significant number of completions. Delaying completions increases returns, adds substantial net present value and prepares the company to resume strong oil growth when commodity prices recover. Due to reduced capital spending and delayed completions, EOG expects to complete approximately 45% fewer wells in 2015 versus 2014. Therefore, the midpoint for 2015 total company crude oil production guidance is essentially flat year over year. Once again, EOG plans to minimize investment in domestic dry natural gas drilling. As a result, its U.S. natural gas production and total company production are expected to decline modestly. Year after year, EOG has relentlessly focused on advancing its industry-leading completion technology and driving down unit costs through efficiency gains. That will not change in 2015. Finally, the company expects to use its strong balance sheet to capitalize on unique opportunities created by this low-price environment to add high-quality acreage.
17:14 EDTEOGEOG Resources reports Q4 EPS 79c, consensus $1.02
Reports Q4 revenue $4.65B, consensus $4.14B.
15:35 EDTEOGNotable companies reporting after market close
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09:28 EDTEOGEOG Resources volatility increases into Q4 results and outlook
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February 17, 2015
06:25 EDTNBGNational Bank of Greece volatility increases on Greek bailout talks with the EU
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