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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:34 EDTFTI, SWN, EXXI, NBR, TDW, SFY, HELIUBS to hold a conference
Oil & Gas Conference to be held in Austin, Texas on May 19-22 with webcasted company presentations to begin on May 22 at 9:40 am; not all company presentations may be webcasted. Webcast Link
News For FTI;SWN;EXXI;NBR;TDW;SFY;HELI From The Last 14 Days
Check below for free stories on FTI;SWN;EXXI;NBR;TDW;SFY;HELI the last two weeks.
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August 27, 2014
13:26 EDTTDWTidewater price target lowered to $62 from $71 at Argus
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August 22, 2014
05:12 EDTHELICHC Group announces investment by Clayton, Dubilier & Rice
CHC Group and Clayton, Dubilier & Rice, or CD&R, announced they have entered into definitive agreements for CD&R managed funds to invest $500M in CHC through the purchase of convertible preferred shares to be issued in a private placement. As part of the transaction, CHC also intends to pursue a $100M rights offering of the convertible preferred shares to existing shareholders. CD&R has agreed to purchase convertible preferred shares, if any are not purchased in the rights offering, which could bring CD&Rís total investment amount up to an aggregate of $600M. CHC plans to use proceeds from the investment primarily to reduce debt and other fixed charges. A portion of the proceeds is expected to be used to redeem $105M of senior unsecured notes and $130M of senior secured notes, plus associated premiums. CHC said remaining proceeds will be used to optimize the mix of owned versus leased aircraft, to further reduce debt opportunistically and for other general corporate purposes. Once the full investment of $600M is deployed, CHC projects it will generate approximately $50M-$60M in annualized incremental free cash flow, on a pro-forma basis beyond previous estimates. CD&R will have a 45% ownership position in CHC Group on an as-converted, pro-forma basis, based on a $500M investment and prior to the rights offering. This percentage could decrease or increase depending on participation of existing shareholders in the rights offering. First Reserve Corporation and its affiliates, which purchased CHC in 2008, would retain approximately 29% ownership in CHC, on a pro-forma basis.
August 21, 2014
10:14 EDTTDWOn The Fly: Analyst Downgrade Summary
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09:04 EDTTDWTidewater downgraded to Equalweight from Overweight at Capital One
August 20, 2014
16:02 EDTHELICHC Group unit selected to provide engine, component support to AAR Airlift
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10:04 EDTTDWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
09:57 EDTTDWTidewater downgraded to Market Perform from Outperform at Clarkson Capital
Clarkson Capital downgraded Tidewater earlier today to Market Perform with a $60 price target.
August 19, 2014
15:54 EDTSWNEnerCom to hold a conference
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08:10 EDTFTIFMC Technologies awarded order by Petrobras
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August 18, 2014
07:54 EDTEXXIEnerCom to hold a conference
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06:44 EDTSWNNatural gas companies worried about regulatory outlook, The Hill says
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August 15, 2014
14:32 EDTSFYPemex CEO sees beginning to import U.S. light crude, Reuters says
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10:01 EDTEXXIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
08:48 EDTEXXIEnergy XXI downgraded to Sector Perform from Outperform at Howard Weil
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07:52 EDTEXXIEnergy XXI price target lowered to $30 from $36 at Canaccord
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