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Stock Market & Financial Investment News

News Breaks
May 13, 2014
04:55 EDTGDP, GDP, GDP, GDP, NFX, NFX, NFX, NFX, RRC, RRC, RRC, RRC, AEP, AEP, AEP, AEP, KOG, KOG, KOG, KOG, PXD, PXD, PXD, PXD, TSO, TSO, TSO, TSOISI Group to hold a conference
Bermuda Energy Conference to be held in Southampton, Bermuda on May 13-16.
News For GDP;NFX;RRC;AEP;KOG;PXD;TSO From The Last 14 Days
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July 28, 2015
16:45 EDTRRCRange Resources targets Q3 production growth 20% year-over-year
Production growth for 2015 is targeted at 20% year-over-year. Average daily production for the third quarter is expected to be 1.39 to 1.40 Bcfe per day with 28% liquids.
16:43 EDTRRCRange Resources sees FY15 CapEx $870M
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16:43 EDTRRCRange Resources reports Q2 production averaged 1,373 Mmcfe per day
Representing a 24% increase over the prior-year quarter.
16:42 EDTRRCRange Resources reports Q2 adjusted EPS 1c, consensus 4c
Reports Q2 adjusted revenue $405M, consensus $405.58M.
15:21 EDTRRCNotable companies reporting after market close
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July 27, 2015
09:21 EDTGDPOn The Fly: Pre-market Movers
HIGHER: Magnetek (MAG), up 53.5% after Columbus McKinnon (CMCO) agrees to acquire the company... Xueda Education (XUE), up 40.6% after merging with Xiamen Insight Investment... Box (BOX), up 4.6% after being upgraded to Overweight from Sector Weight at Pacific Crest... Goodrich Petroleum (GDP), up 6.4% after announcing sale of proved reserves and a portion of Eagle Ford leasehold. NOTABLE: Teva Pharmaceutical (TEVA), up 10.7% after acquiring Allergan Generics... Allergan (AGN) is up 6.3%... Mylan (MYL), down 14% after Teva withdraws proposal to acquire the company... Perrigo (PRGO), up 3% after Teva withdraws proposal to acquire Mylan. DOWN AFTER EARNINGS: Sohu.com (SOHU), down 6%... Changyou.com (CYOU), down 10.1%. ALSO LOWER: Bellerophon (BLPH) down 63% after announcing results of BCM clinical trial... Terex (TEX), down 4% after being downgraded to Sell from Neutral at Goldman... Ultragenyx Pharmaceutical (RARE), down 3.5% after being downgraded to Equal Weight from Overweight at Morgan Stanley...
06:09 EDTGDPGoodrich announces sale of proved reserves, portion of Eagle Ford leasehold
Goodrich Petroleum announced that it has entered into a definitive agreement to sell its proved reserves and associated leasehold in the Eagle Ford Shale in LaSalle and Frio Counties, Texas for $118M, subject to purchase price adjustments as provided for in the Purchase and Sale Agreement. The effective date of the transaction is July 1 with an expected closing date on or before September 4. The company is retaining approximately 58% of its undeveloped leasehold in the play for future development or sale. The asset being sold produced an average of approximately 2,850 barrels of oil equivalent per day during Q1. The company expects to book a gain of approximately $50M-60M on the sale at closing after factoring in customary closing adjustments. The company plans to pay off its bank revolver and retain the difference in cash from the sales proceeds.
July 24, 2015
10:00 EDTTSOOn The Fly: Analyst Initiation Summary
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07:13 EDTTSOTesoro initiated with an Outperform at Macquarie
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July 23, 2015
07:20 EDTRRCEQT Midstream Partners to build header pipeline for Range Resources
EQT Midstream Partners (EQM) announced that it has entered into a definitive agreement with Range Resources (RRC) – Appalachia, LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development. The pipeline will provide greater than half a billion cubic feet per day of firm capacity and is backed by a long-term firm capacity reservation commitment. EQT Midstream Partners will invest approximately $250M for the construction of 32 miles of pipeline and installation of approximately 32,000 horsepower of compression. The Partnership plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016 and phase two by mid-year 2017. The majority of capital investment is expected throughout 2016 and the first half of 2017.
07:03 EDTAEPAmerican Electric raises FY15 capital investments by $200M to $4.6B
This additional capital will be allocated to transmission investment. Transmission Holdco contributed 13c per share to operating earnings during Q2, a 30% increase over the second quarter last year, and the business is on target to achieve its expected contribution to earnings for the year.
07:02 EDTAEPAmerican Electric raises FY15 operating EPS to $3.50-$3.65 from $3.40-$3.60
FY15 EPS consensus $3.54.
07:00 EDTAEPAmerican Electric reports Q2 operating EPS 88c, consensus 81c
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July 22, 2015
08:37 EDTPXDPioneer Natural affirms FY15 production growth forecast of at least 10%
Pioneer is maintaining its full-year 2015 production growth forecast at 10%+. Although production growth in the Eagle Ford Shale is now forecasted to be nominal in 2015, production from the Spraberry/Wolfcamp is forecasted to grow by 22%-24% in 2015 compared to the 20%+ previously forecasted. The reduction in the Eagle Ford Shale growth rate is primarily due to the delays in placing wells on production and performance issues during the first half of 2015, while the increase in the Spraberry/Wolfcamp growth rate reflects the continuing strong performance of the horizontal drilling program, especially in Pioneer’s northern acreage.
08:36 EDTPXDPioneer Natural Resources reports 197,000 BOEPD in Q2
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06:28 EDTPXDPioneer Natural coverage assumed with an Outperform at Credit Suisse
Target $186.
July 21, 2015
10:01 EDTNFXOn The Fly: Analyst Initiation Summary
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06:26 EDTNFXNewfield Exploration initiated with an Outperform at Cowen
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July 20, 2015
10:00 EDTRRCOn The Fly: Analyst Upgrade Summary
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08:01 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
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