BP (NYSE:BP) has been in the news quite a bit, especially with regard to its investment plans. News of the company’s plans in Australia surfaced earlier this week as BP announced it would withdraw from its position in the Great Australian Bight. Over the past few weeks, we have seen some news about BP’s other investments surface as well, particularly in India and Argentina. Could these investments be better for BP? If yes, then how? This article will focus on discussing these news items and their potential impact on the company and its stock now and in the future.
Closing the Books on the Great Australian Bight Project
After months of back and forth with regard to the Great Australian Bight project, BP finally went ahead and made a final statement about closing the books on this one. The Great Australian Bight was believed to emerge as a new hydrocarbon basin in the world, subject to success in the drilling and exploration phase. The Australian Bight project, worth $1.4 billion, was likened to the Deepwater Horizon project — one that didn’t meet a very good end courtesy of the oil spill incident. The comparisons drawn to the Deepwater Horizon project raised concerns, especially from environmental activists. That said, you can imagine the pat on the back that BP received from this lot when it announced it was going to scrap the project altogether. BP’s managing director for exploration and production in Australia assured the press that the decision to call off the project had little to do with environmental group pressures, and more with the inability of the project to compete for capital investment in the portfolio they already have.
Top 10 Heal Care Stocks To Invest In Right Now: NeuroMetrix Inc.(NURO)
- [By WWW.MONEYSHOW.COM]
NeuroMetrix (NURO) makes and markets wearable neuro-stimulation therapeutic devices. Cash per share is $1.37, with the stock selling more than 20% below that.
Top 10 Heal Care Stocks To Invest In Right Now: Frontier Communications Corporation(FTR)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down 5.1% at $2.62. The stocks 52-week range is $2.57 to $5.77. Volume was about 175% above the daily average of around 25 million shares. The telecom company had no specific news but was continuing its fall after its fourth quarter earnings.
- [By Andrew Tonner]
Though they operate in the same industry, Frontier Communications (NASDAQ:FTR) and Verizon Communications (NYSE:VZ) are two telecom companies of a very different nature.
- [By Paul Ausick]
Frontier Communications Inc. (NASDAQ: FTR) posted a new 52-week low of $2.31 on Wednesday, down about 4.1% compared with Tuesday’s closing price of $2.41. The stock’s 52-week high is $5.75. Volume was more than double the daily average of around 28 million shares. The company had no specific news today, but the dividend yield rose nearly another full point to 16.6% on Wednesday.
- [By Matthew Argersinger]
My award for most entertaining pitch at this year’s Sohn conference definitely goes to Josh Resnick, the founder and managing partner of Jericho Capital. Resnick pinpointed Frontier Communications (NASDAQ:FTR) as a walking dead “carcass” of a company that’s destined to go to $0. Yes, Resnick and Jericho are short the company betting it will go down.
Top 10 Heal Care Stocks To Invest In Right Now: Brady Corporation(BRC)
- [By Shauna O’Brien]
Robert Baird announced on Friday that it has cut its rating on Brady Corp (BRC).
The firm has downgraded BRC from “Outperform” to “Neutral,” and has given the company a $33 price target. This price target suggests a 8% upside from the stock’s current price of $30.52.
Analysts see the company’s WPS segment growing faster than expected.
Brady shares were mostly flat during pre-market trading Friday. The stock is down 9% YTD.
- [By Mike Deane]
For the 28th year in a row, Brady Corp (BRC) has increased its dividend payout to investors.
The Milwaukee, WI-based company increased its quarterly dividend to 19.5 cents from 19 cents, an increase of 2.6%. The annual dividend now stands at 78 cents. The quarterly dividend will be paid on October 31st, 2013 to all shareholders of record on October 10, 2013.
BRC shares were down 40 cents, or 1.23%, by market close on Wednesday. YTD, the company’s stock is down over 4%.
- [By Michael Flannelly]
Before the opening bell on Thursday, identification solutions provider Brady Corp (BRC) posted a loss in the fourth quarter, despite a rise in revenues, as it was negatively impacted by a number of charges. However, excluding these charges, the company was able to top Wall Street analysts’ earnings and sales estimates. Nonetheless, BRC shares are plummeting in Thursday’s trading.
The Milwaukee, Wisconsin-based company posted a loss from continuing operations of $176.2 million, or $3.41 per share, in the fourth quarter, versus last year’s fourth quarter earnings from continuing operations of $20.9 million, or 40 cents per share. Furthermore, Brady posted a net loss of $177.2 million, or $3.43 per share, compared to net earnings of $11.6 million, or 22 cents per share, in the same period a year ago.
The fourth quarter loss includes non-cash impairment charges of $204.4 million, $15.6 million in restructuring charges, and $4 million in acquisition-related charges. Excluding these charges, Brady Corp said earnings would have been 53 cents per share in the quarter. According to analysts polled by Thomson Reuters, the company was expected to earn an adjusted 51 cents per share in the fourth quarter.
The company’s fourth quarter sales came in at $309.1 million, up 15% from $269.1 million in sales posted last year. On average, analysts were expecting the company to see $307.13 million in revenues for the quarter.
Looking ahead, Brady Corp. sees fiscal 2014 earnings coming in between $1.80 and $2.00 per share, below the analysts’ view of $2.30 per share.
Brady Corp shares were down $1.71, or 5.25%, during early morning trading on Thursday. The stock is up 7.93% year-to-date.
Top 10 Heal Care Stocks To Invest In Right Now: American DG Energy Inc.(ADGE)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap green energy stock American DG Energy (NYSEMKT: ADGE) as a long trade:
As for American DG Energy, today’s push above a technical ceiling at $0.34 is telling, though that clue is made more telling when you see the short-term moving average lines have given us key bullish crosses over the course of the past couple of months; the undertow is turning bullish. What you can’t see on the daily chart is that this is the first time in years we’ve seen higher lows logged for ADGE.
Top 10 Heal Care Stocks To Invest In Right Now: Synchronoss Technologies Inc.(SNCR)
- [By Lisa Levin]
Shares of Synchronoss Technologies, Inc. (NASDAQ: SNCR) got a boost, shooting up 34 percent to $16.35. Synchronoss Technologies confirmed the receipt of indication of interest from Siris Capital Group to acquire all outstanding shares for $18 per share in cash.
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested going long on small cap cloud software and services stock Synchronoss Technologies (NASDAQ: SNCR):
- [By Lisa Levin]
In trading on Wednesday, financial shares fell 1.72 percent. Meanwhile, top losers in the sector included Whitestone REIT (NYSE: WSR), down 8 percent, and Synchronoss Technologies, Inc. (NASDAQ: SNCR), down 7 percent.
Top 10 Heal Care Stocks To Invest In Right Now: Vera Bradley Inc.(VRA)
- [By Peter Graham]
A long term performance chart shows Coach Incin somewhat of an uptrend for almost two yearsnow while small capVera Bradley, Inc (NASDAQ: VRA) and mid capMichael Kors Holdings Ltd (NYSE: KORS) have largely fallen off during that time, but have moved a bit higher in recent months:
- [By Matt Hogan]
Finbox.io fair value data (as of January 4) shows that there are only five US manufacturing stocks that have 25% or more margin of safety: Vera Bradley, Inc. (NASDAQ: VRA), Cooper Tire & Rubber Co (NYSE: CTB), Farmer Brothers Co. (NASDAQ: FARM), Allergan plc Ordinary Shares (NYSE: AGN) and Motorcar Parts of America, Inc. (NASDAQ: MPAA).
- [By WWW.THESTREET.COM]
Earnings of note in the coming week include Analogic (ALOG) and Ascena Retail (ASNA) on Monday; Bojangles (BOJA) , H&R Block (HRB) , and Dick’s Sporting Goods (DKS) , Michaels (MIK) , and Urban Outfitters (URBN) on Tuesday; Ciena (CIEN) , Bankrate (RATE) , Express (EXPR) , Vera Bradley (VRA) , and Bob Evans Farms (BOBE) on Wednesday; El Pollo Loco (LOCO) , Hugo Boss (BOSSY) , Party City (PRTY) , Signet Jewelers (SIG) , and Verifone Systems (PAY) on Thursday; and Kirkland’s (KIRK) , and Vail Resorts (MTN) on Friday.
Top 10 Heal Care Stocks To Invest In Right Now: On Assignment Inc.(ASGN)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested suggested small cap employment services stockOn Assignment, Inc (NYSE: ASGN) as a short trade thats already turned profitable for us:
Top 10 Heal Care Stocks To Invest In Right Now: Noah Holdings Ltd.(NOAH)
- [By Monica Gerson]
Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top 10 Heal Care Stocks To Invest In Right Now: Kronos Worldwide Inc(KRO)
- [By Monica Gerson]
Kronos Worldwide, Inc. (NYSE: KRO) is projected to post a quarterly loss at $0.13 per share on revenue of $308.50 million.
Energen Corporation (NYSE: EGN) is estimated to post a quarterly loss at $0.67 per share on revenue of $122.91 million.
Top 10 Heal Care Stocks To Invest In Right Now: International Paper Company(IP)
- [By WWW.KIPLINGER.COM]
International Paper Co. (IP) is the largest containerboard maker in the world. And lest you think theres no growth in this old-line industry, IP supplies 50% of Amazon.com, Inc.s (AMZN) need for cardboard boxes.