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Stock Market & Financial Investment News

News Breaks
February 1, 2013
10:01 EDTARP, ZTS, SPN, SSH, SFLY, PDS, PTEN, OIS, OII, NOV, NBR, NCS, HP, EW, NILEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Blue Nile (NILE) initiated with an Outperform at Wells Fargo... Edwards Lifesciences (EW) initiated with a Buy at Janney Capital... Helmerich & Payne (HP) initiated with a Neutral at Credit Suisse... NCI Building Systems (NCS) initiated with a Buy at BB&T... Nabors Industries (NBR) initiated with an Underperform at Credit Suisse... National Oilwell (NOV) initiated with a Neutral at Credit Suisse... Oceaneering (OII) initiated with a Neutral at Credit Suisse... Oil States (OIS) initiated with an Outperform at Credit Suisse... Patterson-UTI Energy (PTEN) initiated with a Neutral at Credit Suisse... Precision Drilling (PDS) initiated with a Neutral at Credit Suisse... Shutterfly (SFLY) initiated with a Market Perform at Wells Fargo... Sunshine Heart (SSH) initiated with an Overweight at Piper Jaffray... Zoetis (ZTS) initiated with a Buy at ISI Group... Superior Energy (SPN) initiated with an Outperform at Credit Suisse... Atlas Resource Partners (ARP) initiated with a Neutral at Citigroup.
News For NILE;EW;HP;NCS;NBR;NOV;OII;OIS;PTEN;PDS;SFLY;SSH;SPN;ZTS;ARP From The Last 14 Days
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September 24, 2014
08:46 EDTARPAtlas Resource Partners to acquire Eagle Ford assets for $225M
Atlas Resource Partners (ARP) announced that it has entered into a definitive agreement to acquire oil assets in the Eagle Ford Shale in south Texas for $225M. The assets consist of 22 producing wells and 19 undeveloped locations containing estimated net reserves of approximately 12 million barrels of oil equivalent. ARP's board has approved the transaction, which is expected to close in the fourth quarter 2014 with an effective date of July 1, 2014. The company will pay $200M of the purchase price upon closing, subject to customary purchase price adjustments, with the remainder of the purchase price paid in installments in 2015. In connection with the acquisition, Atlas Energy's (ATLS) E&P development subsidiary will purchase eight wells that have been drilled but not completed and 53 undeveloped drilling locations for approximately $115M, which is to be paid in the twelve months following closing. ARP will acquire oil-rich production in Atascosa County, TX, located in the oil window of the Eagle Ford Shale. The production is comprised of approximately 87% oil, 7% natural gas liquids and 6% natural gas from 22 producing wells, from which the Company expects net daily production to average approximately 1,900 barrels of oil equivalents per day in 2015. ARP's oil and liquids production is expected to increase as a result of the acquisition to approximately 25% of ARP's total daily oil and gas production. In addition to the oil-producing assets, ARP will acquire 19 undeveloped drilling locations in the Eagle Ford position. The Company expects that these drilling locations will provide valuable inventory for ARP's investment partnership business. The Eagle Ford assets also have contracted agreements for gathering and processing capacity as well as salt water disposal.
06:06 EDTNOVNational Oilwell initiated with a Market Perform at Wells Fargo
Price target range $81-$87.
06:06 EDTNBRNabors Industries initiated with an Outperform at Wells Fargo
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06:03 EDTPTENPatterson-UTI Energy initiated with an Outperform at Wells Fargo
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06:03 EDTHPHelmerich & Payne initiated with an Outperform at Wells Fargo
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September 23, 2014
10:33 EDTSFLYOptions with decreasing implied volatility
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09:00 EDTZTSBofa/Merill special situations team to hold an analyst/industry conference call
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September 22, 2014
12:26 EDTSFLYShutterfly in talks to be taken private for over $50 per share, Reuters says
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12:21 EDTSFLYShutterfly calls active, in advanced talks to be bought by Silver Lake, report
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12:16 EDTSFLYShutterfly near highs of session, up about 5%
12:10 EDTSFLYShutterfly in advanced talks to be bought by Silver Lake, Reuters says
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September 19, 2014
10:06 EDTPTENOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
09:01 EDTPTENPatterson-UTI Energy upgraded to Overweight from Equalweight at Capital One
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07:35 EDTZTSZoetis seen as potential Bayer target after split announcement, Bloomberg says
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06:02 EDTPTENPatterson-UTI Energy agrees to acquire Texas-based pressure pumping assets
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September 18, 2014
09:19 EDTEWGeneration Investment reports 5.2% passive stake in Edwards Lifesciences
September 17, 2014
10:00 EDTNBR, SPN, PTEN, HPOn The Fly: Analyst Initiation Summary
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07:43 EDTZTSBofA/Merrill to hold a conference
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07:40 EDTNBRUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
07:39 EDTNOVMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
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