ARIAD volatility is expected to move on acquisition rumors reports
BY Fly On The Wall
— 7:40 AM ET 03/28/2014
ARIAD (ARIA) volatility is expected to move on rumors suggest that Jazz Pharmaceuticals (JAZZ
) is willing to pay $20-plus per share to acquire ARIAD, Daily Mail says. Overall option implied volatility of 81 is below its 26-week average of 100 according to Track Data, suggesting decreasing price movement.
After the secondary done, ECYT will move above $30/share based on observations of the past similar experience.
First Solar extends winning streak; Symantec plunges
— 12:02 PM ET 03/21/2014
SAN FRANCISCO (MarketWatch) -- First Solar Inc. (FSLR
) extended its winning streak to a sixth session on Friday on a more upbeat outlook for the company while Symantec Corp. (SYMC) sank after firing its chief executive.
First Solar Inc. (FSLR) shares rose 4.7%, poised for a weekly gain of over 30%. The company has been attracting positive attention from Wall Street after it forecast strong sales growth for 2014.
) gave the boot to CEO Steve Bennett on Thursday, replacing him with board member Michael Brown. The news, offered with little explanation, comes as the security software developer makes a push to hit its turnaround targets. Shares were down over 13%.
Unwired Planet Inc. (UPIP
) , an intellectual property company dealing in the mobile industry, skyrocketed 55% on news that Chinese computer-maker Lenovo Group (LNVGF
) was buying 21 of its patent families for $100 million.
Exelon Corp. (EXC
) shares climbed 4.2%. The stock was raised to outperform from neutral and its price target hiked to $35 from $23 at Credit Suisse. "We believe expectations and fundamentals for competitive power have found a bottom, with the potential for a long-awaited recovery to take form over the next 12 months," said analysts in a report.
Newfield Exploration Co. (NFX
) shares rose 4.4%. Newfield is one of the stocks named by analysts at RBC Capital Markets as their "favorite ideas."
CommScope Holding Co. Inc. (COMM
) advanced 9.7% after the telecommunications-gear maker upped its guidance for the current quarter in its earnings report. The company said it expects to earn between 43 cents and 47 cents per share on revenue of $900 million to $925 million.
Newfield Exploration Upgraded to Hold by TheStreet (NFX)
Posted by Pezhman Azimi on Mar 18th, 2014 // No Comments
Newfield Exploration (NYSE:NFX) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a research note issued on Monday, Stock Ratings News reports.
The analysts wrote, “Newfield Exploration Company (NFX) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Newfield Exploration in a research note on Wednesday, March 5th. They now have a $30.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Newfield Exploration from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, analysts at Macquarie raised their price target on shares of Newfield Exploration from $32.00 to $34.00 in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.27.
In other Newfield Exploration news, EVP Terry Rathert unloaded 17,283 shares of Newfield Exploration stock on the open market in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $28.90, for a total transaction of $499,478.70. Following the completion of the transaction, the executive vice president now directly owns 153,534 shares of the company’s stock, valued at approximately $4,437,133. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Newfield Exploration (NYSE:NFX) traded up 1.01% on Monday, hitting $27.93. 2,114,300 shares of the company’s stock traded hands. Newfield Exploration has a 52-week low of $19.57 and a 52-week high of $32.55. The stock has a 50-day moving average of $25.97 and a 200-day moving average of $26.75. The company has a market cap of $3.721 billion and a price-to-earnings ratio of 96.34.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.04. The company had revenue of $498.00 million for the quarter, compared to the consensus estimate of $584.36 million. On average, analysts predict that Newfield Exploration will post $1.91 earnings per share for the current fiscal year.
Newfield’s largest asset in the Rocky Mountains is the
Greater Monument Butte field area, located in the Uinta
Basin of Utah. Newfield is the largest oil producer in the
state representing about 40% of the state’s oil production
and nearly 45% of Newfield’s total domestic proved
reserves. The Company owns interest in approximately
225,000 net acres in the Uinta Basin.
Operations can be divided into two areas—the Greater
Monument Butte Unit (GMBU) waterflood and an area to
the north and adjacent to the GMBU that is referred to as
the Central Basin. Newfield has been active in the Uinta
Basin since the 2004 acquisition of the GMBU, and has
drilled approximately 1,700 wells in the Unit with more
than 1,300 productive oil wells. The GMBU is the largest
federal unit in the lower 48 states. The primary producing
horizon in the Unit is the Green River formation. The
Company is exploring deeper vertical and horizontal plays
on its Central Basin acreage, including the Uteland Butte
and Wasatch formations.
Newfield has allocated approximately $400 million to
the Uinta Basin program in 2014. About half of the
budget is expected to be allocated to the Central
Basin. Net production from the Uinta Basin has grown
from 7,000 BOEPD in 2004 to 24,250 BOEPD (19,200
BOPD, 950 BOEPD of NGLs and 25 MMcf/d) at
year-end 2013. The Company is planning to drill
approximately 15 wells to test the pressured section
of the Uteland Butte and Wasatch formations. This
follows the success of the 2013 program and the
drilling of about 20 wells in these plays to date.
An estimate of the potential remaining locations in
the Uinta Basin totals approximately 6,800 and could
increase materially with continued drilling success.
CHELSEA THERAPEUTICS INTRNTNL
Last Pattern:BULLISH ENGULFING
Last Close:5.9500 Change:+0.7300 Percent change+13.98% 6 mo.Rating4★$100⇨169.9012 mo.Rating2★$100⇨193.5524 mo.Rating1★$100⇨274.33Signal Update Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 5.7200, and our valid average buying price stands now at 5.7300. The previous SELL recommendation was issued on 2/25/2014, 16 days ago, when the stock price was 5.8100. Since then CHTP has fallen by -1.38%.Market Outlook Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity.
Sina Weibo may be valued between $3.3 billion to $7 billion, according to 10 analysts surveyed by Bloomberg News. Using the midpoint of estimates for analysts providing a range, Sina Weibo may be worth $5.1 billion.
Sina’s fourth quarter net income rose to $44.5 million from $2.36 million a year. That beat the $28.1 million average of six analysts’ estimates compiled by Bloomberg. Sales gained 42 percent to $197 million.
Newfield Exploration (NYSE:NFX) had its price objective raised by FBR Capital Markets from $35.00 to $40.00 in a research report released on Monday morning, Analyst RN reports. FBR Capital Markets currently has an outperform rating on the stock.
A number of other firms have also recently commented on NFX. Analysts at Ned Davis Research upgraded shares of Newfield Exploration from a sell rating to a neutral rating in a research note on Tuesday, February 18th. Separately, analysts at BMO Capital Markets upgraded shares of Newfield Exploration from a market perform rating to an outperform rating in a research note on Tuesday, February 18th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus upgraded shares of Newfield Exploration from a hold rating to a buy rating in a research note on Friday, January 31st. They now have a $32.00 price target on the stock. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Newfield Exploration has a consensus rating of Hold and a consensus target price of $33.36.
FBR Capital believes Newfield Exploration management should consider an upstream master limited partnership since the company's Uinta Basin's growth potential is not being fully recognized by investors. FBR said its analysis indicates the pretax value of the Uinta business within an MLP would be $5.3B compared with Newfield's current enterprise value of $6.2B. The firm raised its price target for the stock to $40 from $35 to reflect the company's turnaround progress and keeps an Outperform rating on the stock.
The 10 K report is very good of "Our liquids production increased 43% year-over-year. As expected, our natural gas production declined as we continue to focus capital investments on higher-margin liquids production. Approximately 58% of the revenue increase was attributable to increases in oil production in our Mid-Continent, onshore Gulf Coast and Rocky Mountains regions of 47%, 59% and 18%, respectively. Higher realized oil prices also increased revenues along with this favorable volume variance. Additionally, revenues increased 21% due to year-over-year NGL production increases in the Mid-Continent, onshore Gulf Coast and Rocky Mountains regions of 180%, 59% and 23%, respectively, partially offset by lower NGL prices. While natural gas production declined 14%, a 29% increase in the realized price during the period more than offset the negative production impact on revenue.".
Deutsche Bank boosted their price objective on shares of Chelsea Therapeutics International Ltd (NASDAQ:CHTP) from $5.00 to $8.00 in a research note issued on Wednesday. Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) stock decreased -4.03% and finished the last session at $5.72. The EPS of the stock remained -0.20. Company’s market capitalization is $404.79million.
CHTP CHELSEA THERAPEUTICS INTRNTNL
Last Pattern:BULLISH STOP LOSS
Last Close:6.0400 Change:+0.0900 Percent change+1.51% 6 mo.Rating4★$100⇨194.8712 mo.Rating3★$100⇨232.7324 mo.Rating1★$100⇨284.91Signal Update Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed the Stop Loss level which was at 5.3300, and our valid average buying price stands now at 6.0099. The previous SELL recommendation was issued on 2/14/2014, 7 days ago, when the stock price was 4.9301. Since then CHTP has risen by +21.90%.Market Outlook A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.
Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
Pattern Description This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern. more...
Chelsea Therapeutics International (CHTP)
6.16 +1.21 (+24.44%)
Stock Price Prediction (Update at 5:00pm est.)
6.98 - 7.06
7.06 - 7.15
5.64 - 5.75
5.75 - 5.87
5.94 - 6.12
6.12 - 6.32
Technical analysis (as of: 2014-02-19 4:36:12 PM)
Our rating system posted a BUY today, upgraded from lower rating. This stock seems to be ready for a new bullish move. If you bought, continue to hold stock until SELL signal. You are relatively safe to buy now, a new upward move is expected.
Six months: 7.98 One year: 9.32
Support1: 4.03 Support2: 2.30
Resistance1: 6.83 Resistance2: 7.98
MA(5): 5.22 MA(20): 4.77
MA(100): 3.68 MA(250): 2.87
MACD(12,26): 0.36 Signal(12,26,9): 0.28
%K(14,3): 66.38 %D(3): 62.08
High: 6.83 Low: 1.51 Change(%): 256.1
3-Month: 5418 10-Days 12171
Newfield Exploration Upgraded to Neutral by Ned Davis Research (NFX)
Posted by Logan Wallace on Feb 18th, 2014 // No Comments
Newfield Exploration (NYSE:NFX) was upgraded by equities researchers at Ned Davis Research from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, Analyst RN reports.
A number of other analysts have also recently weighed in on NFX. Analysts at BMO Capital Marketsupgraded shares of Newfield Exploration from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Stifel Nicolaus upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $32.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Barclays cut their price target on shares of Newfield Exploration from $34.00 to $31.00 in a research note on Monday, January 13th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.00.
Shares of Newfield Exploration (NYSE:NFX) traded up 3.73% on Tuesday, hitting $26.11. The stock had a trading volume of 1,180,552 shares. Newfield Exploration has a 52 week low of $19.57 and a 52 week high of $32.55. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $26.27. The company’s market cap is $3.475 billion.