Lakeway, NY -- (SBWIRE) -- 03/14/2013 -- ThePennyStockProfiler.com, 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:-
Newfield Exploration Co. (NYSE:NFX) shares gained 1.32% to $23.84. Equities researchers at FBR Capital dropped their target price on shares of NFX from $38.00 to $32.00 in a report issued recently. The firm currently has an “outperform” rating on the stock.
Additionally, the company, on Feb. 19, reported fourth-quarter net loss of $33 million or $0.24 per share, compared with net income of $269 million or $2.00 per share last year. Analysts expected earnings of $0.43 per share for the quarter. Revenues for the quarter were $646 million, compared with $677 million a year ago. Analysts on consensus estimated revenues of $642.73 million.
Is NFX a Strong Buy After The Recent Slump? Let’s Find out Here
Pentair, Ltd. Registered Share(NYSE:PNR) shares jumped 1.30% and closed at $51.58. The company, on Feb. 27, said its board recommended raising the quarterly dividend to 25 cents a share through the second quarter of 2014, up from 23 cents a share in the first and second quarters of this year. Pentair was formed when Pentair Inc. merged last year with Tyco International Ltd. (TYC)’s flow-control unit.
Is PNR a Strong Buying Opportunity After The Recent Slump? Find out Here
Northstar Realty Finance Corp. (NYSE:NRF) shares increased 1.29% to $9.41. The company, on Feb. 20, announced that it has priced an underwritten public offering of 30,000,000 shares of common stock at a public offering price of $8.39 per share. The Company has granted the underwriters a 30-day option to purchase up to 4,500,000 additional shares of common stock. The offering is expected to close on February 25, 2013. Deutsche Bank Securities and UBS Investment Bank are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.
Should Investors Consider NRF After The Recent price Action? Get Free Trend Analysis Here
SanDisk Corporation(NASDAQ:SNDK) shares gained 1.26% to $54.44 in the last trading session after SNDK‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a note issued to investors on Mar. 13. They currently have a $60.00 target price on the stock, up from their previous target price of $55.00.
Get latest News, Updates on SNDK Here
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