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April 1, 2014
10:52 EDTBBG, DNR, COCO, IAU, OFIX, GHigh option volume stocks: G IAU DNR OFIX COCO BBG
News For G;IAU;DNR;OFIX;COCO;BBG From The Last 14 Days
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January 26, 2015
16:26 EDTDNRMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
January 21, 2015
12:11 EDTDNRStocks with call strike movement; DNR ESV
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January 15, 2015
14:45 EDTCOCOFor-profit education names slip after Wells says search data negative
Shares of a number of for-profit education companies are falling after Wells Fargo wrote that Google search trends do not bode well for the sector. WHAT'S NEW: Google search trends for the fourth quarter indicate that students' interest in for-profit education companies probably did not increase significantly during that period, Wells Fargo analyst Trace Urdan wrote in a note to investors today. The data indicates that new student enrollment at the schools could even come in below already pessimistic expectations, Urdan reported. The analyst found that searches for terms related to for-profit schools dropped in Q4, versus the same period a year earlier. Moreover, there were many more searches in Q4 for non-profit schools than for-profit colleges, Urdan stated. Sentiment towards for-profit education names is already "quite weak" after President Obama on January 9 proposed allowing all Americans to attend community college at no cost and Apollo Education (APOL) on January 8 provided lower than expected Q2 revenue guidance, Urdan stated. As a result, investors may already be expecting schools in the sector to report weak enrollment data, Urdan believes. However, the search data for Strayer (STRA) is "more negative than positive," even though expectations for the company appear to be elevated, the analyst reported. On a positive note, search results for Capella Education (CPLA), Grand Canyon (LOPE), and DeVry's (DV) Chamberlain looked better than average, Urdan reported, adding that investors' expectations towards those names are relatively upbeat. PRICE ACTION: In mid-afternoon trading, Strayer fell 1% to $68, ITT Educational fell 3.6% to $8.37, Bridgepoint Educational (BPI) tumbled 4.5% to $10.10, American Public (APEI) slid 2.25% to $33.89, and Grand Canyon gave back 2% to $43.
January 14, 2015
07:41 EDTBBGGlobal Hunter Securities to hold a conference
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January 12, 2015
10:40 EDTDNRStocks with call strike movement; AVP DNR
Avon Products (AVP) April 10 call option implied volatility increased 4% to 63, Denbury Resources (DNR) June 8 call option implied volatility increased 3% to 63 according to IVolatility.
10:00 EDTBBGOn The Fly: Analyst Downgrade Summary
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08:10 EDTOFIXOrthofix sees FY14 net sales $397M-$401M, consensus $405.55M
Orthofix International N.V. announced that its full year 2014 net sales is expected to be in a range of approximately $397M-$401M. The company also announced that it expects its full year 2013 net sales to be approximately $397M after giving effect to estimated restatement adjustments. Based on these estimates, net sales increased in the BioStim, Biologics and Extremity Fixation SBUs in 2014 compared to the prior year. This growth was in line with the Company’s expectations and is anticipated to continue in 2015. Net sales in the Spine Fixation SBU, as expected and previously discussed, decreased in 2014 compared to 2013. The Company expects this trend to continue into 2015 as the Company engages new management, strategies and sales agents, with expected top and bottom line performance in this SBU increasing in 2016. The Company is continuing to prepare restated financial statements for the fiscal years ended December 31, 2013, 2012 and 2011 and the fiscal quarter ended March 31, 2014. These restated financial statements will be reflected in amendments to the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2013 and Quarterly Report on Form 10-Q/A for the fiscal quarter ended March 31, 2014. As previously disclosed, the Company has recently been completing procedures to physically count its inventory on consignment with distributors and hospitals. These additional counting procedures have been materially completed, and the Company is re-evaluating its historical reserve estimates for “excess and obsolete” inventory based in part on this additional count data, as well as other hindsight-derived information. The Company believes this process will enable it to calculate historical E&O inventory reserve information in a more precise and accurate manner. However, it is expected that this process will take additional time to complete. The Company had previously sought and obtained a limited waiver under its credit agreement, as well an extension from a Nasdaq Hearings Panel, to complete the restatement process and make the Amended Filings and Late Filings. In each case, the Company sought and obtained relief through January 15, 2015. At this time, the Company is seeking an additional extension from both its credit agreement lenders and the Nasdaq Hearings Panel to permit additional time to complete the Amended Filings and Late Filings. The Company’s current objective is to complete all of these filings as soon as practicable, but no later than February 27, 2015. However, there can be no assurance that the requested extensions will be granted, or that the Company will be able to complete the Amended and Late Filings on this schedule.
06:21 EDTBBGBill Barrett downgraded to Sell from Neutral at Goldman
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