Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- 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:-
Halliburton (HAL -2.7%) shares move lower, along with most energy issues today, despite a 39% hike in the quarterly dividend to $0.125/share. HAL says it plans to distribute total annual dividends of at least 15%-20% of its net income, "nicely above the range of the preceding two years and generally above the historical range," and a potential ~35% dividend hike next year, Simmons analysts say.
Is HAL after A Solid Pop Up? Find Out Here
UBS cuts its estimates on Allegiant Travel (ALGT -0.1%) due to higher fuel costs, but keeps a Buy rating on the carrier's strong growth opportunities and adds $10 to its price target on shares to take it to $90. The firm sees FY13 EPS of $5.72, down from $4.88, and FY14 goes to $6.60 from $6.81.
Will ALGT Continue To Trend Lower After The Recent Fall? Find Out Here
Pioneer Southwest Energy (PSE -2.6%) is cut to Sell from Neutral at UBS, which notes PSE's portfolio of long-lived slow-decline assets, an oil-directed drilling program, and balanced commodity exposure. But with units up ~11% YTD, PSE's relatively weak hedge profile, tight coverage ratio, limited distribution growth history, and 8.3% yield leaves the firm cautious at current levels.
Is PSE a Buy Opportunity After The Recent Slump? Find Out Here
Synacor (SYNC -26%) opened near breakeven following yesterday's Q4 report, but has since plunged to new post-IPO lows. Though results were in-line, the company guided for Q1 revenue of $28.5M-$29.5M and 2013 revenue of $122M-$126M, below a consensus of $33M and $147.1M. On its earnings call, Synacor blamed its guidance on a Microsoft co-marketing program for OEMs that requires MSN (rather than Synacor-created start pages) to be the default start page on Windows 8 machines. Shares fell 9.9% yesterday going into the report.
Is SYNC Still a Buy After The Recent momentum? Find Out Here
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