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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:13 EDTMWE, MHR, EQTMarkWest Energy begins operations of Mobley facility in West Virginia
MarkWest Energy (MWE) commenced operations of the first Mobley processing facility located in Wetzel County, West Virginia. The 200 MMcf/d plant supports the development of rich-gas from the Marcellus Shale by EQT (EQT), Magnum Hunter (MHR) and other producers. The Mobley facility is currently operating at approximately 60% utilization and will continue to experience accelerated volume growth. MarkWest expects to complete construction of its second Mobley facility, a 120 MMcf/d plant, during Q1 2013, and by Q4 2013 bring online a third facility with 200 MMcf/d of processing capacity, bringing the Mobley complex's processing capacity to 520 MMcf/d.
News For MWE;EQT;MHR From The Last 14 Days
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April 16, 2015
12:16 EDTMHRMagnum Hunter management to meet with SunTrust
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April 15, 2015
07:11 EDTMHRMagnum Hunter reports Q1 production up about 66% to about 14.7 Bcfe
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06:40 EDTMHRMagnum Hunter coverage resumed with a Neutral at Goldman
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April 13, 2015
10:00 EDTMWEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Barnes & Noble (BKS) initiated with a Buy at Craig-Hallum... Calgon Carbon (CCC) initiated with a Buy at Roth Capital... CenterPoint Energy (CNP) initiated with a Neutral at Goldman... Compass Diversified (CODI) initiated with an Outperform at William Blair... DTE Energy (DTE) initiated with a Neutral at Goldman... Goldman Sachs BDC (GSBD) initiated with an Outperform at Wells Fargo... Green Bancorp (GNBC) initiated with a Buy at SunTrust... Hilltop Holdings (HTH) initiated with a Buy at SunTrust... ITC Holdings (ITC) initiated with a Sell at Goldman... Independent Bank (IBTX) initiated with a Neutral at SunTrust... LegacyTexas Financial (LTXB) initiated with a Buy at SunTrust... MarkWest Energy (MWE) initiated with a Buy at Ladenburg... Medgenics (MDGN) initiated with an Outperform at JMP Securities... National Commerce (NCOM) initiated with an Outperform at Keefe Bruyette... OGE Energy (OGE) initiated with a Neutral at Goldman... Owens Corning (OC) initiated with a Hold at Evercore ISI... Southside Bancshares (SBSI) initiated with a Neutral at SunTrust... Zogenix (ZGNX) initiated with a Buy at Empire.
07:04 EDTMWEMarkWest Energy initiated with a Buy at Ladenburg
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April 8, 2015
16:21 EDTEQTEQT Corporation coverage resumed with a Hold at Stifel
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April 6, 2015
10:02 EDTMHROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
09:29 EDTMHRMagnum Hunter downgraded to Underweight from Equalweight at Capital One
Capital One downgraded Magnum Hunter to Underweight following receiving a SEC Wells Notice related to the company's financial reporting and internal control issues.
09:22 EDTMHROn The Fly: Pre-market Movers
HIGHER: Uniqure (QURE), up 44.2% following strategic collaboration with Bristol-Myers (BMY)... Cytori Therapeutics (CYTX), up 22.4% after Lorem Vascular receives regulatory clearance in China... Curis (CRIS), up 8.5% after FDA grants orphan drug designation to CUDC-907 for the treatment of Diffuse Large B-Cell Lymphoma... Capnia (CAPN), up 5.9% after being awarded a $220,000 NIH grant... Tesla (TSLA), up 3.8% after reporting first quarter deliveries up 55% to 10,030 cars... Ariad (ARIA), up 3.4% following approval of Iclusig in Canada... Lumber Liquidators (LL), up 3.1% after being upgraded to Outperform from Market Perform at Raymond James. LOWER: Magnum Hunter (MHR), down 8.9% after being downgraded to Hold from Buy at Wunderlich... Herbalife (HLF), down following CNBC report that federal law enforcement agencies contacted the company regarding its business practices... Qualcomm (QCOM), down 2.2% following a Wall Street Journal report that the Samsung (SSNLF) Galaxy S6 did not have a Qualcomm LTE modem... Skyworks (SWKS), down 2.1% after being downgraded to Equal Weight from Overweight at Stephens.
07:17 EDTMHRMagnum Hunter downgraded to Hold from Buy at Wunderlich
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April 5, 2015
13:52 EDTMHRMagnum Hunter receives Wells Notice from SEC
Magnum Hunter disclosed in a regulatory filing on Friday that as previously disclosed, in April 2013, the company received a letter from the staff of the SEC’s Division of Enforcement stating that the Staff was conducting an inquiry regarding the company’s internal controls, change in outside auditors during 2012 and 2013 and public statements to investors and asking the company to preserve documents relating to these matters. In December 2013, the company received a document subpoena from the Staff relating to the issues identified in the April 2013 letter. During 2014, the Staff issued additional subpoenas for documents and testimony, and it has taken testimony from certain individuals. The company has fully complied and cooperated with the Staff’s requests and subpoenas. Magnum Hunter added that in connection with the Staff’s inquiry, on March 24, the company received a “Wells Notice” from the Staff, stating that the Staff has made a preliminary determination to recommend that the SEC file an enforcement action against the company. On that date, the Staff issued similar Wells Notices to Gary C. Evans, the company’s Chairman and CEO, J. Raleigh Bailes, Sr., a director of the company and former Chairman of the Company’s Audit Committee, the former CFO of the company who was in office at the time of the company’s decision to dismiss its prior independent registered public accounting firm and the former chief accounting officer of the company who had resigned from that position with the company in October 2012.

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