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Stock Market & Financial Investment News

News Breaks
January 3, 2013
14:11 EDTVNR, BBGVanguard Natural closes previously announced acquisition for $328.8M
Vanguard Natural Resources (VNR) announced that on December 31 it consummated the previously announced acquisition of natural gas and liquids assets from Bill Barrett Corporation (BBG) for an adjusted purchase price of $328.8M, subject to customary final post-closing adjustments. The effective date of the acquisition is October 1. The company expects the following benefits from the acquisition: immediately accretive to distributable cash flow; company estimated proved reserves of approximately 300 Bcfe, 80% proved developed and 86% natural gas; reserve to production ratio of approximately 13 years; current net production of approximately 65 MMcfe/d from 2,822 gross wells; significantly hedged the expected natural gas and oil production for the next four years.
News For VNR;BBG From The Last 14 Days
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February 27, 2015
09:58 EDTBBGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 500.com (WBAI) downgraded to Hold from Buy at Deutsche Bank... Akorn (AKRX) downgraded to Hold after share rally at Needham... Allscripts (MDRX) downgraded to Market Perform from Outperform at Leerink... Bank of America (BAC) downgraded to Neutral from Buy at UBS... Bill Barrett (BBG) downgraded to Hold from Buy at KLR Group... CA Technologies (CA) downgraded to Underperform from Neutral at Credit Suisse... CBOE Holdings (CBOE) downgraded at BofA/Merrill... CONE Midstream (CNNX) downgraded to Sector Perform from Outperform at RBC Capital... Calamos (CLMS) downgraded to Underperform from Neutral at Credit Suisse... Crane (CR) downgraded to Market Perform from Outperform at FBR Capital... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Barclays... EnerNOC (ENOC) downgraded to Buy from Strong Buy at Needham... Hercules Offshore (HERO) downgraded to Sell from Buy at Deutsche Bank... Insulet (PODD) downgraded at Oppenheimer... Intelsat (I) downgraded to Underperform from Neutral at Credit Suisse... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at Northland... Mavenir Systems (MVNR) downgraded to Equal Weight from Overweight at Morgan Stanley... Memorial Production (MEMP) downgraded to Underperform from Perform at Oppenheimer... Mobileye (MBLY) downgraded to Neutral from Buy at Dougherty... NTELOS (NTLS) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen (OCN) downgraded to Sell from Neutral at Compass Point... Pegasystems (PEGA) downgraded to Neutral from Buy at Merriman... Performant Financial (PFMT) downgraded to Neutral from Buy at Compass Point... Pharmacyclics (PCYC) downgraded to Neutral from Buy at Goldman... Potbelly (PBPB) downgraded to Underweight from Overweight at Piper Jaffray... SYNNEX (SNX) downgraded to Hold from Buy at Stifel... Safe Bulkers (SB) downgraded at Credit Suisse... Sarepta (SRPT) downgraded to Market Perform from Outperform at Cowen... Seadrill Partners (SDLP) downgraded to Sector Perform from Outperform at RBC Capital... Spirit Realty (SRC) downgraded at RBC Capital... Transocean (RIG) downgraded to Sector Perform from Outperform at Iberia... UIL Holdings (UIL) downgraded to Neutral from Outperform at RW Baird... WCI Communities (WCIC) downgraded to Neutral from Buy at Citigroup... Walter Investment (WAC) downgraded to Neutral from Outperform at Credit Suisse.
07:38 EDTBBGBill Barrett downgraded to Hold from Buy at KLR Group
KLR Group downgraded Bill Barrett to Hold citing the company's reduced production outlook for 2015. The firm cut its price target for shares to $10 from $14.
February 26, 2015
10:00 EDTBBGOn The Fly: Analyst Downgrade SummaryStarz
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06:30 EDTBBGBill Barrett downgraded to Neutral from Buy at SunTrust
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February 25, 2015
08:06 EDTBBGBill Barrett reports Q4 EPS (23c), consensus (5c)
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08:06 EDTBBGBill Barrett sees Q1 production to be approximately 1.4 MMBoe
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08:05 EDTBBGBill Barrett sees FY15 production of 5.5-5.9 MMBoe
Production is expected to be approximately 70% oil, 20% natural gas and 10% NGLs.
08:05 EDTBBGBill Barrett plans to reduce development activity with FY15 CapEx $240M-$280M
The company plans to reduce its development activity with total capital expenditures between $240-$280 million. The company expects to drill and complete approximately 30-35 wells and participate in non-operated wells in the Northeast Wattenberg and Uinta Basin. The company intends to fund its capital expenditure program with cash flows from operations and from its available cash balance.
08:04 EDTBBGBill Barrett reports 2014 total production of 9.1 MMBoe
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February 24, 2015
10:08 EDTVNROptions with decreasing implied volatility
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February 17, 2015
09:20 EDTVNROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:59 EDTVNRVanguard Natural sees FY16 production 353,000-393,200 Mcfe/d
07:59 EDTVNRVanguard Natural sees FY15 production 360,400 - 398,000 Mcfe/d
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07:59 EDTVNRVanguard Natural sees FY14 production 327,109 Mcfe/d
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07:58 EDTVNRVanguard Natural sees 2015 capital budget of $113.5M
The company said: "During 2015 and 2016, we intend to concentrate our drilling on low risk, development opportunities with the majority of drilling capital focused on high Btu natural gas wells. We currently anticipate a capital budget for 2015 of approximately $113.5M, excluding any potential future acquisitions. We expect to spend approximately 50% of the 2015 capital budget on activities in the Green River Basin where we will participate as a non-operated partner in the drilling and completion of vertical natural gas wells. Additionally, we expect to spend approximately 25% of the 2015 capital budget in the Gulf Coast Basin on the newly acquired East Haynesville assets drilling both vertical and horizontal wells and several recompletion projects. The balance of the 2015 budget is related to maintenance activities in our other operating areas. For purposes of our 2016 guidance, we have assumed the same allocation of capital and drilling results as the 2015 capital plan." Sees 2016 capital budget $117M.
07:56 EDTVNRVanguard Natural lowers annual common unit distribution to $1.41 from $2.52
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07:54 EDTVNRVanguard Natural sees Q4 adjusted EPS 19c, consensus 26c
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