Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-
TOTAL S.A. (ADR) (NYSE:TOT) shares jumped 3.04% and closed at $51.51 in the last trading session. The company, on Feb. 7, announced that it has received a firm offer from Borealis to acquire GPN S.A., a wholly owned Total affiliate that is France`s nitrogen fertilizer manufacturer. The Group has granted Borealis the exclusive right to pursue the offer. In light of the quality of the Borealis` offer, Total has decided to present it, as well as Borealis` offer to acquire Total`s 56.86% interest in Belgium`s Rosier S.A., listed on NYSE Euronext Brussels, to the employee representatives concerned, as part of the information and consultation procedures.
Is TOT a Buy After The Latest Announcement? Find out Here
Marathon Oil Corporation (NYSE:MRO) shares climbed 3.03% and closed at $35.71 after Oppenheimer raised their price target on shares of Marathon Oil from $40.00 to $45.00 in a research note issued on Feb. 19. The firm currently has an “outperform” rating on the stock.
Additionally, the company this month posted its quarterly earnings results on February 6. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.14. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.09 billion.
Is MRO a Buy after the Solid report? Get Special Coverage Here
CVS Caremark Corporation (NYSE:CVS) shares climbed 3.01% and closed at $52.66 after CVS‘s stock had its “buy” rating reaffirmed by research analysts at Lazard Capital Markets in a report released on Feb. 19. They currently have a $60.00 target price on the stock.
Additionally, the company earned $1.13 billion, or 90 cents per share, in the fourth quarter, up from $1.06 billion, or 81 cents per share, a year earlier. Excluding a loss from early extinguishment of debt, the profit of $1.14 per share topped the analysts' average forecast of $1.10. Revenue rose 10.9% to $31.39 billion, topping the analysts' average estimate of $31.13 billion.
How Should Investors Trade CVS After The Latest Earnings Report? Find Out Here
Velti Plc (NASDAQ:VELT) shares increased 2.99% and closed at $4.14 in yesterday’s session. The 52 week trading range for the company is $3.07 - $14.65. The shares of the company fell 59% in the last one year. The company is a global provider of mobile marketing and advertising technology and solutions.
How Should Investors Trade VELT After The Latest Earnings Report? Find Out Here
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