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Stock Market & Financial Investment News

News Breaks
January 10, 2014
09:03 EDTEOXEmerald Oil acquires about 20,900 acres in Williston Basin for $74.6M in cash
Emerald Oil announced that it has entered into two separate definitive purchase and sale agreements with two unrelated sellers to acquire additional core Bakken and Three Forks producing properties and undeveloped leasehold in McKenzie and Williams Counties, North Dakota. The total purchase price for the asset packages is $74.6M in cash. Upon closing, Emerald's total Williston Basin leasehold will increase to approximately 85,000 net acres. McAndrew Rudisill, Emerald's CEO, said, "The two acquisitions follow Emerald's strategy of identifying and acquiring contiguous leasehold in our immediate operating areas. This additional acreage expands Emerald's presence in our Low Rider and Lewis & Clark focus areas of McKenzie County, ND where we have seen strong production growth as a result of our successful operated well program. The proposed acquisitions are immediately accretive on all per share metrics. Emerald remains well positioned to execute on our previously announced 2014 capital spending program and will be giving updated guidance upon close, which currently is scheduled for February 13. On a separate note, although the Williston Basin experienced extreme cold during December 2013, Emerald is comfortable with its previously announced Q4 average daily production guidance of 2,300 BOE/D and exit rate of 2,400 BOE/D."
News For EOX From The Last 14 Days
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December 16, 2014
09:20 EDTEOXEmerald Oil downgraded to Sector Perform from Outperform at Howard Weil
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05:43 EDTEOXEmerald Oil downgraded to Sell from Hold at Wunderlich
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December 12, 2014
10:01 EDTEOXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
09:13 EDTEOXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Adobe (ADBE), up 5.5% after reporting first quarter results and that it will acquire Fotolia for approximately $800 in cash. ALSO HIGHER: ChemoCentryx (CCXI), up 107.1% after Phase II clinical trial in diabetic nephropathy with CCX140 met its primary endpoint... Oncothyreon (ONTY), up 15.8% after announcing exclusive agreement with Array BioPharma (ARRY)... Talisman Energy (TLM), up 24.4% after a report that Repsol (REPYY) is preparing to make a C$6.00 per share bid... GoPro (GPRO), up 4.4% after being upgraded to Overweight from Neutral at JPMorgan. LOWER: Emerald Oil (EOX), down 18% after cutting fiscal 2015 guidance, naming new COO, and providing an updated fiscal 2015 development plan... Goodrich Petroleum (GDP), down 8.2% after being downgraded to Underweight from Overweight at JPMorgan... MEI Pharma (MEIP), down 3.9% after 10M share Secondary priced at $4.00... Heritage-Crystal Clean (HCCI), down 6.6% after 3.1M share Secondary priced at $10.00.
08:11 EDTEOXEmerald Oil downgraded to Neutral from Accumulate at Global Hunter
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07:22 EDTEOXEmerald Oil price target lowered to $3 from $6 at Brean Capital
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December 11, 2014
17:06 EDTEOXEmerald Oil provides updated 2015 development plan
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17:06 EDTEOXEmerald Oil cuts FY15 CapEx view
Lowers FY15 drilling and completion budget to $62M-$81M from $210M-$240M. Cuts FY15 land budget to $1M-$5M from $5M-$20M.
17:03 EDTEOXEmerald Oil cuts Q4 production view to 3,300 BOEPD
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17:02 EDTEOXEmerald Oil names Mike Dickinson as COO, effective January 1, 2015
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December 9, 2014
10:23 EDTEOXOn The Fly: Analyst Downgrade Summary
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08:19 EDTEOXEmerald Oil downgraded to Neutral from Outperform at Macquarie
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07:41 EDTEOXEmerald Oil downgraded to Neutral from Outperform at Macquarie
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December 8, 2014
10:00 EDTEOXOn The Fly: Analyst Downgrade Summary
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07:40 EDTEOXMany E&P target prices lowered at SunTrust
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07:23 EDTEOXEmerald Oil Oasis Petroleum downgraded to Neutral from Buy at SunTrust
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December 5, 2014
10:00 EDTEOXOn The Fly: Analyst Downgrade Summary
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08:50 EDTEOXWilliston Basin E&Ps downgraded at Iberia
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08:02 EDTEOXEmerald Oil downgraded to Sector Perform from Outperform at Iberia
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