Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Silver Wheaton Corp. (USA) (NYSE:SLW) shares decreased 4.63% and closed at $30.28 in the last trading session. The company last month announced that it has entered into a binding term sheet to acquire from a subsidiary of Vale S.A. (Vale) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine, located in Brazil, as well as 70% of the gold production, for a 20-year term, from certain of its Sudbury Mines located in Canada.
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Heckmann Corporation (NYSE:HEK) shares declined 4.38% to $3.49. Jefferies downgraded HEK on Feb. 21 from Buy to Hold with a price target of $4.50 (from $5.50).
Additionally, the company announced that it will report financial results for its 2012 fourth quarter and full year ended December 31, 2012, after the market closes on Monday, March 11, 2013. Management will conduct a conference call at 4:30 p.m. ET (1:30 p.m. PT) that day to provide commentary on Heckmann's 2012 operational performance and discuss.
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Halcon Resources Corp (NYSE:HK) shares declined 4.36% to $6.36. The company, on Feb. 28, said it generated revenues of $124.7 million for the quarter ended December 31, 2012, compared to $25.6 million for the quarter ended December 31, 2011. Revenues for the full year 2012 were $247.9 million, compared to $103.7 million for the full year 2011. The company eported adjusted net income of $10.5 million, or $0.02 per diluted share, and a net loss of $4.0 million, or $0.03 per diluted share, for the three months and full year ended December 31, 2012, respectively.
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Palo Alto Networks Inc (NYSE:PANW) shares decreased 4.36% and closed at $56. The company, on Feb. 28, reported a second-quarter loss of $2.5 million or $0.04 per share, which compared to a net income of $0.4 million, or break-even per share in the year-ago period, echoing a spike in marketing and sales expenses to $45.7 million from $25.6 million in the prior year. Non-GAAP net income for the latest first quarter was $3.9 million, or $0.05 per share, compared to $2.5 million, or $0.04 per share in the comparable quarter last year. Analysts expected the company to report earnings of $0.04 per share. Meanwhile, total revenue surged to $96.5 million from $56.7 million in the year-ago period, while analysts had a consensus revenue estimate of $93.29 million for the quarter.
Additionally, Topeka Capital Markets boosted their target price on shares of PANW to $69.00 in a report released yesterday.
How Should Investors Trade PANW After The Latest Earnings Report? Find Out Here
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