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June 4, 2014
11:06 EDTDXCM, EWP, VC, PIR, PWE, SPR, JBLU, OSIR, END, MFRMHigh option volume stocks
High option volume stocks: SPR EWP END PWE DXCM OSIR PIR MFRM JBLU VC
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October 1, 2015
10:01 EDTPIRPier 1 Imports recalls 2,500 swivel armchairs in U.S. for falling hazard
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06:34 EDTPWEPenn West lowers FY15 production view to 84K-88K BOE/d from 86K-90K BOE/d
Penn West lowered its annual production guidance range as a result of the divestiture of its Weyburn Unit working interest and Mitsue properties to 84K-88K BOE/d from 86K-90K BOE/d. The company's capital budget for the year remains unchanged at $500M. Still expects operating costs for the year $19.25/boe-$19.75/boe with G&A for the year $2.80/boe-$3.05/boe.
06:32 EDTPWEPenn West announces sale of non-operated 9.5% working interest in Weyburn unit
Penn West announced that it has entered into a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205M, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the completion of the sale of our Weyburn Unit working interest, we will have raised approximately $810M in total proceeds this year through our non-core asset disposition program. The following are some of the key metrics and implied transaction multiples for the Weyburn Unit working interest for first half 2015: Production of 2,500 bbl/d, Liquids Weighting of 100%, Operating cost of $11.50/bbl, nomralized operating cost of $25.00/bbl, and normalized field netback of $17.50/bbl.
06:32 EDTPWEPenn West announces sale of non-operated 9.5% working interest in Weyburn Unit
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06:09 EDTOSIROsiris assumed with a Hold from Buy at Brean Capital
Brean Capital analyst Jason Wittes downgraded Osiris Therapeutics (OSIR) to Hold after assuming coverage of the name. The analyst views the stock as fairly valued at current levels and sees increased competition from Integra LifeSciences' (IART) entry into the diabetic foot ulcer market.
September 30, 2015
09:29 EDTJBLUBuckeye Partners announces FERC approval of settlement with airlines
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September 28, 2015
10:05 EDTSPRHigh option volume stocks
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09:02 EDTJBLUJetBlue, Cuba Travel services expand nonstop service to Havana from JFK
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September 27, 2015
13:16 EDTJBLUJetBlue shares look unattractive amid rising competition, Barron's says
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September 25, 2015
11:48 EDTPIRPier 1 Imports plunges to 52-week low after cutting FY16 outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) are sinking after the company's second quarter results missed analysts' consensus estimates. The company also lowered its outlook for fiscal year 2016. WHAT'S NEW: After the close on Thursday, Pier 1 Imports reported Q2 earnings per share of 4c and revenue of $430M, missing analysts' consensus estimates of 7c and $435.38M, respectively. Company comparable sales increased 2.5% in Q2, or 3.8% on a constant currency basis. Alex Smith, the company's president and chief executive officer, commented in the earnings report that top line growth in the period was "below our expectations." Smith noted that margins were impacted by higher promotional and clearance activity, as well as inventory-related issues within its distribution center network. Looking ahead, Pier 1 Imports expects third quarter EPS of 10c-14c, far short of analysts' consensus estimates of 23c. Company comparable sales growth, which includes e-commerce, is expected in the low-single digits for the quarter. WHAT'S NOTABLE: Pier 1 lowered its FY16 EPS view to 56c-64c from 83c-87c, well below analysts' estimates of 83c. The company also cut its FY16 company comparable sales growth view, including e-commerce, to low single-digits from its prior view of mid-single digits. For FY16, Pier One sees capital expenditures of approximately $60M, EBITDA margins of approximately 7.5%-8% and merchandising margin, as a percentage of sales, of 55.5%-56%. Smith said the company is on track to end FY16 with year-over-year inventory levels "down meaningfully," but noted that operating with elevated inventories "has been a challenge." PRICE ACTION: In late morning trading, Pier 1 Imports fell $1.45, or 16.71%, to $7.23 on more than seven times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $6.84. Including today's pull back, the shares have lost approximately 40% over the past year. OTHERS TO WATCH: Other home furnishing retailers include Williams-Sonoma (WSM), up 0.73% and Restoration Hardware (RH), up 0.11%.
10:12 EDTPIRHigh option volume stocks
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08:58 EDTPIROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Nike (NKE), up 8% after last night's better than expected earnings report and futures orders prompted numerous price target hikes at Street research firms. Among them, Deutsche Bank raised it price target on Nike shares to $140 and UBS bumped its target up to $137... Jabil Circuit (JBL), up 9%... BlackBerry (BBRY), up 1%. ALSO HIGHER: Bellerophon Therapeutics (BLPH), up 67% after announcing data from an interim analysis of the company's Phase 2 long-term extension study of INOpulse for the treatment of Pulmonary Arterial Hypertension... Marvell (MRVL), up 5% after announcing a global headcount reduction, plans to downsize its mobile platform business... PayPal (PYPL), up 3% after being initiated with a Buy rating at Canaccord. DOWN AFTER EARNINGS: Pier 1 Imports (PIR), down 15% after Q2 results, FY16 guidance cut... Finish Line (FINL), down 5.5%. ALSO LOWER: Internap (INAP), down 17% after cutting its revenue forecast and having its shares downgraded at Oppenheimer.
September 24, 2015
19:14 EDTPIROn The Fly: After Hours Movers
HIGHER AFTER EARNINGS: Jabil Circuit (JBL), up 9.6%... Nike (NKE), up 8%. ALSO HIGHER: Bellerophon Therapeutics (BLPH), up 92% after announcing "positive" data from its interim Phase 2 study of INOpulse... Reynolds American (RAI), up 1% after Bloomberg reported the company may sell $5B in assets to Japan Tobacco... Marvell (MRVL), up 5.15% after announcing a 17% global headcount reduction. LOWER AFTER EARNINGS: Pier 1 Imports (PIR), down 7.5%... Bed Bath & Beyond (BBBY), down 1%. ALSO LOWER: Internap (INAP), down 15.1% after cutting its FY15 revenue forecast... Emerge Energy Services (EMES), down 3.25% after withdrawing its distribution guidance due to "difficult market conditions."
16:11 EDTPIRPier 1 Imports down 11% after Q2 results, FY16 guidance lowered
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16:10 EDTPIRPier 1 Imports sees Q3 EPS 10c-14c, consensus 23c
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16:09 EDTPIRPier 1 Imports cuts FY16 EPS view to 56c-64c from 83c-87c, consensus 83c
Sees FY16: Low single-digit Company comparable sales growth, which includes e-Commerce; EBITDA margins of approximately 7.5% to 8%; Capital expenditures of approximately $60M.
16:08 EDTPIRPier 1 Imports lowers FY16 outlook
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16:06 EDTPIRPier 1 Imports reports Q2 EPS 4c, consensus 7c
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15:00 EDTPIRNotable companies reporting after market close
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11:06 EDTJBLUJetBlue management to meet with Sterne Agee CRT
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