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Stock Market & Financial Investment News

News Breaks
June 3, 2014
04:55 EDTRRC, RRC, RRC, TLM, TLM, TLM, TEP, TEP, TEP, TENG, TENG, TENG, MGR, MGR, MGR, RICE, RICE, RICE, GPOR, GPOR, GPOR, REXX, REXX, REXX, BHI, BHI, BHI, APC, APC, APC, WFT, WFT, WFT, SGY, SGY, SGY, CNX, CNX, CNX, LNG, LNG, LNGHart Energy to hold a conference
2014 DUG East Conference & Exhibition to be held in Pittsburgh on June 3-5.
News For RRC;CNX;SGY;WFT;APC;BHI;REXX;GPOR;RICE;MGR;TENG;TEP;TLM;LNG From The Last 14 Days
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July 21, 2015
10:01 EDTRICEOn The Fly: Analyst Initiation Summary
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08:11 EDTBHIBaker Hughes expects North America rig counts to remain unchanged in 2015
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08:10 EDTBHIBaker Hughes reports Q2 North America revenue down 47% to $1.5B
The drop in revenue is primarily attributable to the reduction in customer spending, which has resulted in a steep decline in onshore and shallow water activity, and an unfavorable pricing environment. Reports Q2 Latin America revenue down 19% to $439M, largely result of sharp activity reductions in the Andean area, as reflected in a 43% drop in the rig count, and in Venezuela from decreased operations and unfavorable exchange rates. In Brazil and Mexico, activity reductions were more than offset by offshore share gains. reports Q2 Europe/Africa/Russia Caspian revenue down 22% to $869M, impacted by $100M related to the unfavorable change in foreign exchange rates. Reports Q2 Middle East/Asia Pacific revenue down 22% to $856M, driven primarily by lower activity throughout Asia Pacific, as reflected in the 12% drop in the rig count, and in Iraq as result of a reduction to our integrated operations, including exiting a large turnkey contract in mid-2014. Reports Q2 Industrial Services down 8% to $306M.
08:09 EDTBHIBaker Hughes expects unfavorable market dynamics to persist in 2H15
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08:08 EDTBHIBaker Hughes says Q2 negatively impacted by deteriorating pricing, currency
CEO Martin Craighead commented, "Even though the severity of the revenue decline has compressed our margins, we have minimized the impact by aggressively reducing costs and rightsizing our operational footprint. These actions have resulted in decremental margins of 35% compared to the prior year, a significant improvement from the prior industry downturn. Furthermore, earnings for the quarter were impacted by an unfavorable tax rate which resulted primarily from a change in the geographic mix of earnings."
08:07 EDTBHIBaker Hughes reports Q2 adjusted EPS (14c), consensus (13c)
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07:20 EDTBHIHalliburton has 90% upside potential over 3 years, says Citi
Citi analyst Scott Gruber believes regulatory approval for Halliburton's (HAL) proposed acquisition of Baker Hughes (BHI) is a "high probability event." Halliburton's buyback potential post-acquisition looks significant, Gruber tells investors in a research note. He estimates $5.00 of pro forma earnings per share for Halliburton in 2018, suggesting 90% upside potential for shares over the next three years. The analyst notes that applying a 16 times earnings multiple yields a $78 share price. He keeps a Buy rating on Halliburton with a $54 price target. The oil services company closed yesterday up 75c to $40.74 after reporting Q2 results.
06:06 EDTRICERice Energy initiated with an Outperform at Cowen
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July 20, 2015
19:02 EDTCNXOn The Fly: After Hours Movers
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17:28 EDTCNXSoutheastern Asset reports 21.1% stake in CONSOL
Southeastern said, "While Southeastern applauds many of the actions of the board and management of the company over the last two years, in our view it is now time for the company to accelerate its efforts to build and realize value per share. Southeastern intends to discuss with third parties as well as management and the board of the company a potential monetization of its E&P assets. We believe these assets alone are worth demonstrably more than the Company’s total equity capitalization today, and they are unique qualitatively in comparison to peers given the Company’s fee ownership of many acres. This monetization could take the form of a spinoff or a sale of these assets. Southeastern will also work to help the company realize value for its many other valuable assets: thermal coal, met coal, pipelines and the Baltimore terminal. As a result of the extremely discounted prices of the company’s equity and debt, Southeastern also intends to discuss bond and share repurchase with the Company. To obtain the flexibility to discuss all options, including but not limited to any of the actions or transactions enumerated in clauses a through j of Item 4 of Schedule 13D, with the company’s management, board of directors and/or with third parties, Southeastern is hereby converting its ownership filing on Schedule 13G to a filing on Schedule 13D."
15:01 EDTBHINotable companies reporting before tomorrow's open
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10:17 EDTCNXHigh option volume stocks
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10:00 EDTGPOR, RRCOn The Fly: Analyst Upgrade Summary
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09:22 EDTCNXOn The Fly: Pre-market Movers
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08:01 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
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08:01 EDTGPORGulfport Energy upgraded to Buy from Accumulate at KLR Group
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07:04 EDTBHIHalliburton incurred $67M after-tax for costs related to Baker Hughes deal in Q2
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07:03 EDTBHIHalliburton says 'pleased' with progress of Baker Hughes acquisiton
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06:46 EDTCNXCONSOL expects to report Q2 loss from operations, EPS consensus 8c
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06:03 EDTCNXStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
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