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Stock Market & Financial Investment News

News Breaks
November 28, 2012
14:29 EDTPDCE, REXX, GPORPDC Energy climbs after Gulfport reports Utica well results
Shares of PDC Energy (PDCE) are advancing after Gulfport Energy (GPOR) announced the results of a test of its well in the Utica Shale earlier today. PDC Energy also has a position in the Utica Shale. PDC Energy reported that its well had yielded an average sustained 18 hour rate of 28.5 MMCF per day of natural gas and 300 barrels of condensate per day. On September 20, PDC announced that it was no longer looking for a partner to help it develop its Utica property, but would seek to develop the property on its own. In mid-afternoon trading, PDC rose $1.59, or 4.90%, to $34.01, while Gulfport jumped $5.11, or 16.10%, to $36.84. Rex Energy (REXX), which also has exposure to the Utica Shale, gained 21c, or 1.68%, to $12.73.
News For PDCE;GPOR;REXX From The Last 14 Days
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December 18, 2014
08:03 EDTREXXRex Energy downgraded to Market Perform from Outperform at Wells Fargo
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December 17, 2014
16:19 EDTPDCEIntegrated Core Strategies reports 4.4% passive stake in PDC Energy
10:09 EDTPDCEHigh option volume stocks
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December 16, 2014
09:23 EDTPDCEPDC Energy upgraded to Focus List from Outperform at Howard Weil
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09:22 EDTGPORGulfport Energy upgraded to Focus List from Outperform at Howard Weil
December 15, 2014
08:47 EDTGPORGulfport Energy named a Top Pick at SunTrust
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December 11, 2014
06:45 EDTREXXRex Energy management to meet with SunTrust
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December 9, 2014
09:21 EDTPDCEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
07:02 EDTGPORGulfport Energy coverage resumed with a Buy at Stifel
Target $50.
December 8, 2014
17:32 EDTPDCEPDC Energy outlines 2015-2016 hedge and financial positioning
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17:30 EDTPDCEPDC Energy sees FY15 CapEx about $557M, FY15 production 13.8M-14.5M Boe
PDC's capital budget for 2015 is approximately $557M, a decrease of 14% compared to its 2014 capital budget. The company's 2015 budget includes $526M of development capital and $31M for lease maintenance, exploration and other expenditures. The 2015 capital budget is focused on organic growth opportunities in PDC's Inner and Middle core areas of the Wattenberg Field. The Company estimates net production volumes for 2015 will be between 13.8M-14.5M barrels of oil equivalent and expects production growth throughout the year. The company anticipates a commodity mix of approximately 45% crude oil, 20% natural gas liquids and 35% natural gas. The commodity mix reflects the company's increased focus on allocating capital towards its highest-value drilling opportunities in both the Inner and Middle core areas of the Wattenberg Field. For 2015, the company projects it will drill approximately 90% of its wells in the Inner and Middle Core areas, up from about 67% in those areas in 2014. PDC estimates its 2014 production exit rate to be approximately 32,500 Boe per day and its full-year 2014 production volumes to be within its guidance range of 9.3 to 9.5 MMoe. The Company's 2015 production exit rate is anticipated to be approximately 46,500 Boe per day
07:40 EDTPDCEMany E&P target prices lowered at SunTrust
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