CryoPort (CYRX) Getting Somewhat Favorable Media Coverage, Study Finds

Press coverage about CryoPort (NASDAQ:CYRX) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CryoPort earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media coverage about the consumer goods maker an impact score of 46.4366918065987 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of brokerages have recently commented on CYRX. BidaskClub raised CryoPort from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine raised CryoPort from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of CryoPort in a research report on Thursday, March 8th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $11.63.

Get CryoPort alerts:

Shares of NASDAQ CYRX opened at $12.02 on Monday. CryoPort has a one year low of $3.08 and a one year high of $12.08. The firm has a market cap of $330.73 million, a PE ratio of -35.35 and a beta of 0.71.

CryoPort (NASDAQ:CYRX) last issued its quarterly earnings results on Thursday, May 3rd. The consumer goods maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). CryoPort had a negative net margin of 66.29% and a negative return on equity of 48.12%. The firm had revenue of $4.02 million for the quarter, compared to analysts’ expectations of $3.84 million. During the same period in the prior year, the company earned ($0.10) EPS. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. sell-side analysts forecast that CryoPort will post -0.29 earnings per share for the current fiscal year.

In other news, CEO Jerrell Shelton sold 29,257 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $9.83, for a total transaction of $287,596.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 9.60% of the stock is owned by corporate insiders.

CryoPort Company Profile

Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.

Top 5 Energy Stocks To Watch For 2018

tags:EGY,PES,CVX,ATLS,VLP,

Azincourt Uranium (OTC: AZURF, TSXV: AAZ.V) had a good day today, closing up 7.38% for the day, and showing a mostly positive trend for a week - which is something, given the volatile week the market endured. Some of Azincourt's movement may be correlated to things heating up in Saskatchewan's Athabasca Basin with the recent announcement that Skyharbour Resources (TSXV:SYH) has partnered with Azincourt Uranium to begin new exploration this summer. Skyharbour is a major player in the region known for rich uranium deposits, and the partnership agreement with Azincourt bolsters the infrastructure of both companies.

The agreement between the two companies allows Azincourt to option up to 70% of the East Preston property located in the Athabasca Basin. Home to Cameco's (TSX:CCO) McArthur River uranium mine, the Athabasca Basin is considered one of the richest sources of uranium in the world, with many uranium deposits hosting grades substantially higher than the world average grade. The area has been a hotbed for energy metal investors over the past few years, due to significant high grade uranium discoveries by large cap mining companies.

Top 5 Energy Stocks To Watch For 2018: Vaalco Energy Inc(EGY)

Advisors' Opinion:

• [By Lisa Levin] Gainers SenesTech, Inc. (NASDAQ: SNES) shares jumped 113.5 percent to $0.6737 after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California. AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares rose 35.34 percent to close at $3.32. Art's-Way Manufacturing Co., Inc. (NASDAQ: ARTW) shares gained 30.36 percent to $3.65. Xtant Medical Holdings, Inc. (NYSE: XTNT) shares jumped 25.6 percent to $7.4701 after the company disclosed that it has received the FDA clearance for InTice™-C Porous Titanium Cervical Interbody System. VAALCO Energy, Inc. (NYSE: EGY) shares surged 20 percent to $2.495. TransGlobe Energy Corporation (NASDAQ: TGA) surged 17.04 percent to $2.61. Boxlight Corporation (NASDAQ: BOXL) gained 15 percent to $8.32 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the development of next generation interactive educational activities. Arcimoto, Inc. (NASDAQ: FUV) gained 15 percent to $3.39. MB Financial, Inc. (NASDAQ: MBFI) rose 13.7 percent to $49.64. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock. FRONTEO, Inc. (NASDAQ: FTEO) shares rose 11.8 percent to $20.956. TransEnterix, Inc. (NYSE: TRXC) shares jumped 11.1 percent to $3.38. 21Vianet Group, Inc. (NASDAQ: VNET) rose 10.6 percent to $7.41. NII Holdings, Inc. (NASDAQ: NIHD) shares gained 9 percent to $2.32. Kelly Services, Inc. (NASDAQ: KELYA) rose 7.6 percent to $24.19. Northcoast Research upgraded Kelly Services from Neutral to Buy. LaSalle Hotel Properties (NYSE: LHO) shares climbed 5.6 percent to $33.70. Blackstone Group LP (NYSE: BX) will buy LaSalle Hotel Properties in a $4.8 billion deal, Bloomberg reported. Alteryx, Inc. (NYSE: AYX) gained 5.5 percent to $32.56. KeyBanc upgraded Alteryx from Sector Weight to Overweight. Energizer Holdings, Inc. (NYSE:
• [By Lisa Levin] Gainers Cara Therapeutics, Inc. (NASDAQ: CARA) shares jumped 28.5 percent to $14.91 in reaction to a new licensing agreement with Europe-based Vifor Pharma. As part of the agreement, the biopharmaceutical company that alleviates pain licensed worldwide rights (except U.S., Japan, and South Korea) to Vifor Pharma to commercialize its KORSUVA therapy to Vifor $70 million. EVO Payments, Inc. (NASDAQ: EVOP) rose 21.5 percent to $19.44. EVO Payments priced its IPO at $16 per share. Tiffany & Co. (NYSE: TIF) jumped 16.3 percent to $118.92 after the company reported upbeat results for its first quarter and raised its FY2018 earnings guidance. Ralph Lauren Corporation (NYSE: RL) shares gained 13.4 percent to $132.225 after the company reported stronger-than-expected results for its fourth quarter. OneSmart International Edun Gr Ltd – ADR (NYSE: ONE) shares rose 12.2 percent to $13.52 Heat Biologics, Inc. (NASDAQ: HTBX) shares gained 11.4 percent to $2.2164 after surging 12.43 percent on Tuesday. USA Technologies, Inc. (NASDAQ: USAT) rose 10.4 percent to $13.02 after announcing pricing of public offering. KemPharm, Inc. (NASDAQ: KMPH) gained 10.3 percent to $6.725. Janney Capital initiated coverage on KemPharm with a Buy rating. Heat Biologics, Inc. (NASDAQ: HTBX) shares rose 10 percent to $2.1894 after climbing 12.43 percent on Tuesday. Lowe's Companies, Inc. (NYSE: LOW) rose 9.5 percent to $93.92. Lowe's reported downbeat results for its first quarter on Wednesday. xG Technology, Inc. (NASDAQ: XGTI) jumped 9.1 percent to $0.829 after the company’s subsidiary IMT Vislink received a $1.4 million order from the U.S. Air Force. VAALCO Energy, Inc. (NYSE: EGY) rose 8.6 percent to $2.34 after dropping 10.04 percent on Tuesday. American Equity Investment Life Holding Company (NYSE: AEL) rose 8.4 percent to $34.99. American Equity Investment Life confirmed preliminary talks related to a potential deal. Boxl
• [By Lisa Levin] Gainers SenesTech, Inc. (NASDAQ: SNES) shares surged 296.07 percent to close at $1.25 on Monday after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California. AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares gained 19.59 percent to close at $2.93. TransGlobe Energy Corporation (NASDAQ: TGA) rose 18.39 percent to close at $2.64 on Monday. Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) shares gained 15.91 percent to close at $2.55. VAALCO Energy, Inc. (NYSE: EGY) shares jumped 14.9 percent to close at $2.39. Resonant Inc. (NASDAQ: RESN) climbed 13.96 percent to close at $4.49. Chesapeake Energy Corporation (NYSE: CHK) shares rose 13.55 percent to close at $4.61 on Monday. Lilis Energy, Inc. (NYSE: LLEX) surged 13.09 percent to close at $5.01. MB Financial, Inc. (NASDAQ: MBFI) gained 12.9 percent to close at $49.28. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock. TransEnterix, Inc. (NYSE: TRXC) shares rose 12.83 percent to close at $3.43. World Wrestling Entertainment, Inc. (NYSE: WWE) jumped 12.52 percent to close at $57.86 on Reports that it has reached a deal with Fox for Its 'Smackdown Live' program. Eastman Kodak Company (NASDAQ: KODK) rose 12.38 percent to close at $5.90. NuCana plc (NASDAQ: NCNA) climbed 11.94 percent to close at $26.44. NuCana appointed Dr. Cyrille Leperlier to its Board as an independent non-executive Director. Aqua Metals, Inc. (NASDAQ: AQMS) rose 11.83 percent to close at $3.97 on Monday. Huami Corporation (NYSE: HMI) shares jumped 11.27 percent to close at $10.17 following Q1 results. 21Vianet Group, Inc. (NASDAQ: VNET) gained 9.55 percent to close at $7.34. Boxlight Corporation (NASDAQ: BOXL) rose 8.56 percent to close at $7.86 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the de

Top 5 Energy Stocks To Watch For 2018: Pioneer Energy Services Corp.(PES)

Advisors' Opinion:

• [By Jason Hall]

  Shares of a handful of small independent oil and gas producers, as well as a number of smaller oilfield service and equipment providers fell more than 10% on May 25.�Profire Energy, Inc.�(NASDAQ:PFIE), which manufactures burner management systems for oil and gas companies, fell 14.5%, while offshore energy industry transportation specialist�Bristow Group Inc�(NYSE:BRS) fell 12.6%. Onshore drilling contractor�Pioneer Energy Services Corp�(NYSE:PES) and offshore oil and gas producer�W&T Offshore, Inc.�both�fell 11.4%, while independent oil and gas producers�California Resources Corp (NYSE:CRC) and�Ultra Petroleum Corp�(NASDAQ:UPL) fell 10.5% and 10%, respectively.�

• [By Max Byerly]

  Baytex Energy (NYSE: BTE) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.

• [By Shane Hupp]

  Pioneer Energy Services (NYSE:PES) Director C John Thompson sold 6,666 shares of Pioneer Energy Services stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $4.25, for a total transaction of $28,330.50. Following the completion of the transaction, the director now directly owns 41,818 shares in the company, valued at approximately $177,726.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

• [By Stephan Byrd]

  TIAA CREF Investment Management LLC decreased its holdings in shares of Pioneer Energy Services (NYSE:PES) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,740 shares of the oil and gas company’s stock after selling 93,636 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.22% of Pioneer Energy Services worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Top 5 Energy Stocks To Watch For 2018: Chevron Corporation(CVX)

Advisors' Opinion:

• [By Chris Lange]

  On Friday, Chevron Corp. (NYSE: CVX) is scheduled to reveal its fourth-quarter results. The consensus estimates are $1.23 in EPS and $38.3 billion in revenue. Shares were trading at $131.19 as the week came to a close. The consensus price target is $135.23. The 52-week trading range is $102.55 to $133.88.

• [By Lee Jackson]

  This integrated giant is a safer way for investors looking to stay or get long the energy sector, and it has a big Permian Basin exposure.�Chevron Corp. (NYSE: CVX) is a�U.S.-based integrated oil and gas company with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals.

• [By Chris Lange]

  Chevron Corp. (NYSE: CVX) saw its short interest increase to 22.63 million shares from the previous reading of 20.99 million. The shares were last seen trading at $122.43, in a 52-week range of $102.55 to $133.88.

• [By JJ Kinahan]

  The tech sector really comes into the spotlight as the week continues with Microsoft Corporation (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN) due after the market close Thursday, followed by a word from the energy sector Friday morning as Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM) step forward. In a world where oil prices keep climbing, the energy stocks might draw more attention than usual.

• [By Ethan Ryder]

  Beddow Capital Management Inc. lessened its holdings in Chevron Co. (NYSE:CVX) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,173 shares of the oil and gas company’s stock after selling 2,312 shares during the quarter. Beddow Capital Management Inc.’s holdings in Chevron were worth $1,649,000 at the end of the most recent reporting period.

• [By Joseph Griffin]

  HRT Financial LLC purchased a new position in Chevron Co. (NYSE:CVX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,247 shares of the oil and gas company’s stock, valued at approximately $1,282,000. Chevron accounts for about 1.3% of HRT Financial LLC’s portfolio, making the stock its 9th biggest position.

Top 5 Energy Stocks To Watch For 2018: Atlas Energy, L.P.(ATLS)

Advisors' Opinion:

• [By Max Byerly]

  Atlas Energy Group (OTCMKTS: ATLS) and Transglobe Energy (NASDAQ:TGA) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings.

Top 5 Energy Stocks To Watch For 2018: Valero Energy Partners LP(VLP)

Advisors' Opinion:

• [By Joseph Griffin]

  Valero Energy Partners (NYSE:VLP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Valero Energy Partners (VLP)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Oil Stocks To Watch For 2018

tags:ECA,HAL,RIG,WPZ,

Our Top Pick for 2017 for dividend investors is a leading UK-based offshore drilling contractor for the oil and gas industry, notes Bill Mathews, editor of The Cheap Investor.

Nobel Corporation (NE) is a well-known company; it has a solid balance sheet, yet it is selling near its low. Noble is a leading offshore drilling contractor for the oil and gas industry.

The company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry.

Through its subsidiaries, Noble performs contract drilling services with a fleet of 30 offshore drilling units, consisting of 16 semisubmersibles and drillships and 14 jackups.

The company is focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide.

The stock was a high-flying Wall Street favorite in May 2013, when it was selling at $35. Since then the stock has fallen dramatically, largely in response to the plunge in crude oil prices.

Hot Oil Stocks To Watch For 2018: Encana Corporation(ECA)

Advisors' Opinion:

• [By Matthew DiLallo]

  Today, however, many drillers are setting a high bar for new wells. EOG Resources (NYSE:EOG) has been one of the leaders in disrupting the former way of thinking by establishing a high return hurdle rate for new wells of 30% after-tax at $40 oil. Others followed with similar return-focused approaches, including Encana (NYSE:ECA), which needs locations to achieve a 35% after-tax return at $50 oil to meet its premium hurdle rate.�

• [By Max Byerly]

  Here are some of the news stories that may have effected Accern Sentiment’s rankings:

  Get Encana alerts: Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers ��: Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation �� Encana Corporation (NYSE: ECA) (financerater.com)

  ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.

• [By ]

  Already, shale companies such as Encana (ECA) , Occidental Petroleum (OXY) and Pioneer Natural Resources (PXD) , among others, are reporting higher cash flows and earnings on higher oil prices. As a result, they are paying down debt, increasing dividends and engaging in buybacks. This is a dramatic improvement in shareholder yield for the group.

Hot Oil Stocks To Watch For 2018: Halliburton Company(HAL)

Advisors' Opinion:

• [By Paul Ausick]

  Halliburton Co. (NYSE: HAL) reported first-quarter 2018 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.41 on revenues of $5.74 billion. In the same period a year ago, the company reported EPS of $0.04 on revenues of $4.28 billion. First-quarter results also compare to consensus estimates for EPS of $0.41 per share and $5.75 billion in revenues.

• [By Joseph Griffin]

  Mckinley Capital Management LLC Delaware grew its position in shares of Halliburton (NYSE:HAL) by 68.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,626 shares of the oilfield services company’s stock after purchasing an additional 2,689 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Halliburton were worth $311,000 as of its most recent filing with the SEC.

• [By Todd Shriber, ETF Professor]

  IEZ is also a top-heavy fund. Just two stocks — Schlumberger NV (NYSE: SLB) and Halliburton Inc. (NYSE: HAL) — combine for almost 26 percent of the fund's weight. Underscoring the correlation to oil prices, IEZ has a three-year standard deviation of 30 percent, indicating this ETF is far more volatile than standard diversified energy funds.

• [By ]

  For top oilfield services picks, Seaport says to keep it simple: Halliburton Co. (HAL) and Hi-Crush Partners LP (HCLP) are the best bets, the firm contends. 

• [By ]

  Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. (SLB) , General Electric Co.'s (GE) Baker Hughes (BHGE) , and Halliburton Co. (HAL) . 

Hot Oil Stocks To Watch For 2018: Transocean Inc.(RIG)

Advisors' Opinion:

• [By The Ticker Tape]

  TD Ameritrade clients appeared to take some profits in multiple names during the period. Oil companies were popular sells with ConocoPhillips (NYSE: COP), BP  PLC (ADR) (NYSE: BP), National-Oilwell Varco Inc. (NYSE: NOV), and Transocean LTD (NYSE: RIG) all net sold. Oil prices traded near three-year highs on higher global demand and possible OPEC-led production cuts. COP and BP both traded at multi-year highs, while NOV and RIG reached 52-week highs, enticing clients to take profits in all four names. Alcoa Corp. (NYSE: AA) traded at levels not seen since before the financial crisis following proposed tariffs on steel and aluminum, and was net sold. For the third month in a row, Facebook, Inc. (NASDAQ: FB) was net sold after CEO Mark Zuckerberg testified before Congress regarding the misuse of user data and a beat on earnings.

• [By Ethan Ryder]

  D.B. Root & Company LLC acquired a new position in shares of Transocean (NYSE:RIG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,040 shares of the offshore drilling services provider’s stock, valued at approximately $297,000.

• [By Max Byerly]

  ValuEngine upgraded shares of Transocean (NYSE:RIG) from a hold rating to a buy rating in a research note released on Wednesday morning.

  Several other research firms have also recently issued reports on RIG. Bank of America increased their price objective on Transocean from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Wednesday, April 18th. Citigroup increased their price objective on Transocean from $15.00 to $16.00 and gave the stock a buy rating in a research report on Monday, April 30th. Susquehanna Bancshares set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Friday, January 12th. Cowen set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Thursday, January 11th. Finally, Piper Jaffray set a $11.00 price objective on Transocean and gave the stock a hold rating in a research report on Wednesday, January 10th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $11.79.

• [By Jason Hall]

  So what's an investor to do? Owning the companies best-positioned to profit is a great place to start. Consider two of Big Oil's finest in�Royal Dutch Shell plc (ADR)�(NYSE:RDS-A)(NYSE:RDS-B)�and�Total SA (ADR)�(NYSE:TOT), offshore driller�Transocean LTD�(NYSE:RIG) and natural gas for transportation specialist�Clean Energy Fuels Corp�(NASDAQ:CLNE).

• [By Logan Wallace]

  American International Group Inc. grew its position in shares of Transocean LTD (NYSE:RIG) by 7.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 872,019 shares of the offshore drilling services provider’s stock after buying an additional 62,611 shares during the quarter. American International Group Inc.’s holdings in Transocean were worth $8,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Hot Oil Stocks To Watch For 2018: Williams Partners L.P.(WPZ)

Advisors' Opinion:

• [By Matthew DiLallo]

  Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn't already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with the rest of its publicly traded entities, including Spectra Energy Partners (NYSE:SEP). These transactions have big implications not only for investors in these entities but for those who own other pipeline companies, too.

• [By Lisa Levin] Gainers Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01. iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73. Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results. World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter. Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS. Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009. Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting. Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million. Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash. Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday. OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15. Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74. Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday. Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients. Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40
• [By Dan Caplinger]

  The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world's largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.

TransEnterix (TRXC) Stock Price Down 1%

TransEnterix, Inc. (NYSEAMERICAN:TRXC) was down 1% on Wednesday . The company traded as low as $3.05 and last traded at $3.07. Approximately 101,355 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,636,358 shares. The stock had previously closed at $3.10.

TRXC has been the topic of several analyst reports. BTIG Research upgraded shares of TransEnterix from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research downgraded shares of TransEnterix from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th.

Get TransEnterix alerts:

TransEnterix (NYSEAMERICAN:TRXC) last issued its earnings results on Tuesday, May 8th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $4.77 million for the quarter, compared to the consensus estimate of $3.81 million. TransEnterix had a negative net margin of 21,045.36% and a negative return on equity of 137.69%.

Several hedge funds and other institutional investors have recently modified their holdings of TRXC. Virtu Financial LLC bought a new position in TransEnterix during the fourth quarter valued at approximately $109,000. Raymond James Financial Services Advisors Inc. bought a new position in TransEnterix during the fourth quarter valued at approximately $113,000. Barclays PLC bought a new position in TransEnterix during the first quarter valued at approximately $164,000. Bank of New York Mellon Corp lifted its position in TransEnterix by 94.0% during the fourth quarter. Bank of New York Mellon Corp now owns 119,584 shares of the medical instruments supplier’s stock valued at $231,000 after purchasing an additional 57,944 shares during the period. Finally, Iguana Healthcare Management LLC bought a new position in TransEnterix during the fourth quarter valued at approximately $241,000.

About TransEnterix

TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.

Molefe to Cut ��Deep Claws�� of Graft at South Africa��s Transnet

South Africa’s port and freight operator needs to cleanse itself of “pervasive corruption” so it can improve efficiencies and win back public and investor confidence, its interim chairman said.

Together with the power utility, Transnet SOC Ltd. is at the center of President Cyril Ramaphosa’s bid to improve the management of public institutions engulfed by corruption scandals during the nine-year tenure of Jacob Zuma, his predecessor. Faced with a loss of voter support, the ruling African National Congress forced Zuma to quit in February and replaced him with Ramaphosa.

The new leader named ex-Finance Minister Pravin Gordhan as public enterprises minister, who this month appointed Popo Molefe as Transnet’s interim chairman and overhauled its board. Molefe has dedicated his first days on the job to assessing the extent of the graft there.

“We need to find out how deep this problem has gone, because it is a pervasive problem,” Molefe, 66, said in an interview at Bloomberg’s Johannesburg office Wednesday. “It is in the interest of looters, thieves, corrupt people to compromise as many people as possible.”

‘Deep’ Claws

Transnet has been caught up in allegations of corruption linked to the Gupta family, who are friends with Zuma and have done business with his son. The questionable deals allegedly enabled them and their allies to earn massive kickbacks on a locomotives deal. Everyone involved has denied wrongdoing. Ramaphosa in April referred claims of mismanagement and graft at state power utility Eskom Holdings SOC Ltd. and Transnet to the Special Investigating Unit.

“The claws run very deep, you can’t set specific targets to say ‘by this time we will be done’,” said Molefe. “As we uncover these things and the evidence is adequate, we will have to act and communicate, because our people want action.”

Transnet last year reduced its seven-year capital-investment plan by 17 percent to 229.2 billion rand in response to lower-than-anticipated freight demand.

“I am going there to help discharge the mandate of the company -- it has to invest in infrastructure to and use that to attract more investment,” Molefe said.

During Molefe’s time at the helm of the Passenger Rail Agency of South Africa, the company made losses due to irregular spending. He then challenged some contracts the company entered into, alleging bid-rigging and corrupt activities.

— With assistance by Amogelang Mbatha, and Ntando Thukwana

LISTEN TO ARTICLE 2:14 Share Share on Facebook Post to Twitter Send as an Email Print

Dow Jones Today Moves to Lock In Gains as U.S.-Chinese Relations Continue to Thaw

The Dow Jones today moved higher in pre-market trading, as markets continued to react to news that the White House may be rolling back retaliatory trade measures against China in an effort to smooth trade negotiations. Yesterday, the Dow rose nearly 300 points after the Trump administration announced it would delay the imposition of tariffs on the nation's largest trading partner.

Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

Index	Previous Close	Point Change	Percentage Change
Dow Jones	25,013.39	298.20	1.21%
S&P 500	2,733.01	20.04	0.74%
Nasdaq	7,394.04	39.70	0.54%

Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

The First Step on Your Road to Millions Starts Here: All you need is a computer or smartphone and just 10 minutes of "work" to potentially put $1 million in your bank account faster than you ever dreamed. Read more…

Money Morning Insight of the Day

Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now it's time to get even.�Money Morning�Liquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking.�Read it here.

The Top Stock Market Stories for Tuesday Despite all of the political noise, both China and the United States have agreed to take a step back and seriously pursue talks that may prevent further tariff impositions. The biggest development on the trade front is that the Trump administration is considering a plan to lift a sales ban on Chinese mobile giant ZTE. Shares of Micron Technology Inc. (Nasdaq: MU) are pushing higher after the company announced a $10 billion plan to buy back stock. Micron reported earnings on Monday, and the Boise-based firm easily topped Wall Street expectations. Facebook Inc. (Nasdaq: FB) was pushing a bit higher on Tuesday as the firm prepared to address data privacy issues in Europe. The social media giant's CEO, Mark Zuckerberg, is set to speak before European lawmakers this morning. Zuckerberg will testify this morning, just three days after the European Union enforced more stringent laws on consumer data protection. Three Stocks to Watch Today: GM, KSS, TSLA Shares of General Motors Co. (NYSE: GM) were pushing higher after the auto giant reported that China will be lifting restrictions on U.S. automotive parts and cars. But GM isn't the only beneficiary. Look for shares of Ford Motor Co.�(NYSE: F) and Fiat Chrysler Automobiles NV�(Nasdaq: FCAU) to also get a boost out of the Chinese economy. Shares of Kohl's Corp.�(NYSE: KSS) popped 5% after the firm beat earnings expectations and easily topped same-store sales during the first quarter. The company also raised its 2019 earnings numbers, which helped fuel investor sentiment. Shares of Tesla Inc. (Nasdaq: TSLA) are in focus on Tuesday. Even though the firm has benefited from the Chinese announcement that the nation will slash auto tariffs, CEO Elon Musk is playing defense. That's because Musk admitted that the Model 3 is experiencing a braking issue in its production. Musk has promised to fix the ongoing issue. Look for additional earnings reports from Ctrip.com International Ltd. (Nasdaq: CTRP), Urban Outfitters Inc. (Nasdaq: URBN) The TJX Cos.�(NYSE: TJX), Intuit Inc. (Nasdaq: INTU), AutoZone Inc. (NYSE: AZO), and Advance Auto Parts Inc. (NYSE: AAP).

Follow�Money Morning��on��Facebook,�Twitter, and�LinkedIn.

Join the conversation. Click here to jump to comments…

Suven Life Sciences rises 2% on product patents from New Zealand, Norway

Share price of Suven Life Sciences rose 2.5 percent intraday Tuesday as company secured product patents in New Zealand and Norway.

The company has been granted 1 product patent from New Zealand and 1 product patent from Norway corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases.

These patents are valid through 2034 and 2027.

The granted claims of the patents include the class of selective 5HT 6 compounds and are being developed as therapeutic agents for major depressive disorders and for the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer��s disease, Attention deficient hyperactivity disorder (ADHD), Huntington��s disease, Parkinson and Schizophrenia respectively.

Venkat Jasti, CEO of Suven said, "We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally."

At 11:14 hrs Suven Life Sciences was quoting at Rs 183.55, up Rs 3.10, or 1.72 percent on the BSE.

Posted by Rakesh Patil

Perrigo (PRGO) Shares Bought by Twin Tree Management LP

Twin Tree Management LP grew its stake in shares of Perrigo (NYSE:PRGO) by 271.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,223 shares of the company’s stock after acquiring an additional 3,523 shares during the period. Twin Tree Management LP’s holdings in Perrigo were worth $185,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PRGO. Dupont Capital Management Corp bought a new position in Perrigo in the fourth quarter worth approximately $104,000. Dean Capital Investments Management LLC bought a new position in Perrigo in the first quarter worth approximately $209,000. ARP Americas LP bought a new position in Perrigo in the fourth quarter worth approximately $212,000. Quantitative Systematic Strategies LLC bought a new position in Perrigo in the fourth quarter worth approximately $213,000. Finally, V Wealth Management LLC bought a new position in Perrigo in the fourth quarter worth approximately $214,000. 79.52% of the stock is owned by hedge funds and other institutional investors.

Get Perrigo alerts:

A number of equities analysts recently commented on the stock. Canaccord Genuity set a $105.00 price objective on shares of Perrigo and gave the stock a “buy” rating in a research note on Monday, May 14th. Cantor Fitzgerald set a $107.00 price objective on shares of Perrigo and gave the stock a “buy” rating in a research note on Monday, May 14th. Wells Fargo reduced their price objective on shares of Perrigo from $90.00 to $84.00 and set a “market perform” rating for the company in a research note on Monday, May 14th. Oppenheimer set a $98.00 price objective on shares of Perrigo and gave the stock a “buy” rating in a research note on Friday, May 11th. Finally, ValuEngine downgraded Perrigo from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $93.06.

Shares of PRGO opened at $76.21 on Friday. The firm has a market cap of $10.55 billion, a PE ratio of 14.80, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.48 and a current ratio of 2.08. Perrigo has a 1-year low of $63.68 and a 1-year high of $95.93.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Perrigo had a net margin of 2.59% and a return on equity of 11.93%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. sell-side analysts anticipate that Perrigo will post 5.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 31st. Perrigo’s dividend payout ratio (DPR) is presently 15.42%.

In related news, Director Jeffrey C. Smith acquired 250,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were purchased at an average cost of $75.21 per share, with a total value of $18,802,500.00. Following the completion of the acquisition, the director now directly owns 528 shares of the company’s stock, valued at $39,710.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Uwe Roehrhoff acquired 7,500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were bought at an average cost of $81.85 per share, for a total transaction of $613,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,900 shares of the company’s stock, valued at $401,065. The disclosure for this purchase can be found here. Insiders have bought 307,500 shares of company stock worth $23,210,875 over the last three months. Corporate insiders own 6.90% of the company’s stock.

About Perrigo

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

Want to see what other hedge funds are holding PRGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perrigo (NYSE:PRGO).