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New York, NY -- (SBWIRE) -- 01/04/2013 -- Bill Barrett Corporation (NYSE:BBG) announced today certain guidance metrics for its 2013 operating plan that demonstrate a significant reduction in capital expenditures compared with 2012 and drive continued growth in oil production. Key components of the 2013 plan are a capital expenditure range of $475 to $525 million and a production range of 83 to 87 billion cubic feet equivalent ("Bcfe"), which is expected to be nearly 30% oil. The plan is expected to generate approximately 55% growth in oil production in 2013 versus 2012 (adjusting for the impact of lower oil production from the Piceance Basin following the sale of a working interest in the property that closed in the fourth quarter of 2012.) The Company stands committed to not increasing its total debt outstanding.
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Lululemon Athletica inc (NASDAQ:LULU) declined 3.45% in the pre-market hours to $72.50. The stock is down after Credit Suisse downgraded the rating on Lululemon Athletica Inc from outperform to neutral while declining its price target from $86 down to $80. The firm cited declining comparable-store sales growth momentum in Canada as well as further margin pressure. The company manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specifically to meet their needs.
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Coinstar Inc. (NASDAQ:CSTR) announced after the close Thursday that its Board of Directors has appointed J. Scott Di Valerio, currently its CFO, as the company's next chief executive officer, effective April 1, 2013. Di Valerio will succeed Paul Davis, who is retiring on March 31, 2013.Coinstar gapped open lower Friday and has continued to fall in early trade. The stock is now down 3.57 at $48.48. Coinstar has dropped to a 1-month low.
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IPG Photonics Corporation (NASDAQ:IPGP) designs and manufactures a line of fiber lasers and fiber amplifiers for applications in a range of markets, such as materials processing, applications, communications and medical.
IPG Photonics opened at 67.72 on Friday. IPG Photonics has a 52-week low of $37.58 and a 52-week high of $68.94. The stock’s 50-day moving average is currently $61.52. The company has a market cap of $3.472 billion and a price-to-earnings ratio of 24.16.
IPG Photonics last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. IPG Photonics has set its Q4 guidance at $0.65-0.75 EPS. Analysts expect that IPG Photonics will post $2.87 EPS for the current fiscal year.
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