Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Laredo Petroleum Holdings Inc (NYSE:LPI), GT Advanced Technologies Inc(NASDAQ:GTAT).
Laredo Petroleum Holdings Inc (NYSE:LPI) shares closed at $24.37 in the last trading session. Analysts at Brean Capital boosted their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $27.00 to $30.00 in a research report issued to clients and investors on August 23. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 12 announced the commencement of an underwritten public offering of 16,000,000 shares of its common stock. The Company is offering 13,000,000 shares of common stock, and certain affiliates of Warburg Pincus LLC and members of the Company's management are offering an additional 3,000,000 shares of common stock.
Moreover, the company on August 8 announced second-quarter results, reporting net income attributable to common stockholders of $35.8 million, or $0.27 per diluted share. Adjusted net income, a non-GAAP financial measure, for the quarter was $21.1 million, or $0.16 per diluted share.
Are investors worried about the recent updates with LPI? Find out with a free trend analysis HERE
GT Advanced Technologies Inc(NASDAQ:GTAT) shares closed at $6.44. Research analysts at Gilford Securities boosted their target price on shares of GTAT from $6.40 to $10.00 in a report released on August 22. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 5 reported results for the second quarter of fiscal year 2013, which ended June 29, 2013. Revenue for the second quarter came in at $168.3 million including $150.7 million in polysilicon, $11.4 million in photovoltaic (PV), and $6.2 million in sapphire. Non-GAAP net income was $18.1 million in the second quarter, compared to a non-GAAP net loss of $8.9 million in the first quarter and non-GAAP net income of $19.3 million for the second quarter of calendar 2012.
Is GTAT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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