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January 18, 2013
10:04 EDTXWES, TROX, MRO, HK, STRZA, THLD, ISRG, GERN, NFLX, ZIOP, ONTY, HWDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Geron (GERN) initiated with an Overweight at Piper Jaffray... Halcon Resources (HK) initiated with a Hold at Stifel Nicolaus... Harry Winston (HWD) initiated with a Buy at Nomura... Inovio Pharma (INO) initiated with an Overweight at Piper Jaffray... Intuitive Surgical (ISRG) initiated with a Buy at Janney Capital... Marathon Oil (MRO) initiated with a Buy at Stifel Nicolaus... Oncothyreon (ONTY) initiated with an Underweight at Piper Jaffray... Threshold Pharmaceuticals (THLD) initiated with a Neutral at Piper Jaffray... Tronox (TROX) initiated with a Buy at B. Riley Caris... Ziopharm (ZIOP) initiated with a Neutral at Piper Jaffray... Starz (STRZA) initiated with an Equal Weight at Barclays... World Energy Solutions (XWES) initiated with a Buy at Roth Capital... Netflix (NFLX) initiated with an Underweight at Albert Fried.
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February 25, 2015
16:26 EDTHKHalcon Resources hedge approximately 80% of expected production for 18-24 months
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16:25 EDTHKHalcon Resources sees Q1 production averaging 42–44 MBoe/d
16:24 EDTHKHalcon Resources reports Q4 EPS 5c, consensus 0c
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15:51 EDTZIOPZiopharm March volatility elevated, March calls active
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11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
07:37 EDTSTRZAStarz reports Q4 EPS 74c, may not compare to consensus 53c
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February 24, 2015
10:59 EDTZIOPZiopharm March volatility elevated
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10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
February 23, 2015
07:37 EDTMROCredit Suisse to hold a summit
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February 19, 2015
16:01 EDTNFLXOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
09:12 EDTMROOn The Fly: Pre-market Movers
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February 18, 2015
17:07 EDTMROMarathon Oil announces $3.5B capital, investment and exploration budget for 2015
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17:05 EDTMROMarathon Oil reports Q4 adjusted EPS 0.0c, consensus 3c
Reports Q4 revenue $2.5B, consensus $2.42B. U.S. resource plays averaged net production of 206,000 boed, up 43% from the year-ago quarter and 7% higher than third quarter 2014.
16:00 EDTNFLXOptions Update; February 18, 2015
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15:35 EDTMRONotable companies reporting after market close
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15:07 EDTMROMarathon Oil February volatility elevated into Q4 and outlook
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09:37 EDTNFLXOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
February 17, 2015
07:46 EDTHKHalcon Resources sees Q4 production 46,000 Boe/d
Halcón Resources reported its 2014 year-end proved reserves, announced preliminary Q4 and FY14 production results and provided additional updates. The Company's estimated proved reserves as of December 31, 2014 were approximately 189.1M barrels of oil equivalent, or MMBoe, representing approximately 60% reserve growth on a pro forma basis. Year-end 2014 estimated proved reserves were 82% oil, 9% natural gas liquids, or NGLs, and 9% natural gas on an equivalent basis. Of total estimated proved reserves, 74% were in the Williston Basin, 22% were in the East Texas Eagle Ford and 4% were in other areas. Year-end 2014 estimated proved reserves were approximately 93% Company-operated and 41% proved developed. The Company expects to report production for the three months and year ended December 31, 2014 of approximately 46,000 barrels of oil equivalent per day, or Boe/d, and 42,000 Boe/d, respectively. On a pro forma basis, Halcón estimates production growth of approximately 37% and 65% for the fourth quarter and FY14 respectively, versus the comparable periods of 2013. Q4 production is estimated to be 81% oil, 9% NGLs and 10% natural gas. FY14 production is estimated to be 83% oil, 7% NGLs and 10% natural gas.
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