Ratings Round Up: Symantec Corporation (NASDAQ:SYMC)

The shares of Symantec Corporation (NASDAQ:SYMC) currently has mean rating of 2.8 while 4 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 17 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Symantec Corporation (NASDAQ:SYMC) is at $20.03 while the highest price target suggested by the analysts is $24.00 and low price target is $14.00. The mean price target is calculated keeping in view the consensus of 17 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 878.69M by 22 analysts. The means estimate of sales for the year ending Mar 17 is 3.53B by 23 analysts.

The average estimate of EPS for the current fiscal quarter for Symantec Corporation (NASDAQ:SYMC) stands at $0.25 while the EPS for the current year is fixed at $1.09 by 24.00 analysts

The next one year’s EPS estimate is set at 1.40 by 25.00 analysts while a year ago the analysts suggested the company’s EPS at $1.09. The analysts also projected the company’s long-term growth at 10.34% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Symantec Corporation (NASDAQ:SYMC) reported earnings of $0.22. The posted earnings missed the analyst’s consensus by $-0.01 with the surprise factor of -4.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Symantec Corporation (NASDAQ:SYMC) traded up +2.21% during trading on Friday, hitting $21.28 . The stock had a trading volume of 10.5 M shares. The firm has a 50 day moving average of $17.78 and a 200-day moving average of $18.79. The stock has a market cap of $13.01B and a price-to-earnings ratio of 5.73. On Jun 26, 2015 the shares registered one year high at $24.25 and the one year low was seen on Mar 4, 2016.

On June 12, 2016 Symantec Corporation (NASDAQ:SYMC) announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction.

Blue Coat is the #1 market share leader and share gainer in Web Security with a widely recognized portfolio of integrated technologies serving as a trusted platform to deliver Cloud Generation Security to more than 15,000 customers worldwide. For Blue Coat’s fiscal year ending April 30, 2016, GAAP revenue was $598 million and non-GAAP revenue was $755 million, with 17% year-over-year growth, supported by new products and new customers. For the same time period, the company had non-GAAP operating margins of 22% and cash flow from operations of $135 million. Also for this time period, GAAP operating margins were -42%.

Analysts Ratings on BP (NYSE:BP)

The shares of BP plc (ADR) (NYSE:BP)currently has mean rating of 2.3 while 1 analyst have recommended the shares as ‘BUY’ ,4 recommended as ‘OUTPERFORM’ and 6 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of BP plc (ADR) (NYSE:BP)is at $34.82 while the highest price target suggested by the analysts is $43.00 and low price target is $27.00. The mean price target is calculated keeping in view the consensus of 10 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 45.51B by 4 analysts. The means estimate of sales for the year ending Dec 16 is 196.85B by 5 analysts.

The average estimate of EPS for the current fiscal quarter for BP plc (ADR) (NYSE:BP)stands at $0.24 while the EPS for the current year is fixed at $1.23 by 8.00 analysts

The next one year’s EPS estimate is set at 2.65 by 12.00 analysts while a year ago the analysts suggested the company’s EPS at $1.23. The analysts also projected the company’s long-term growth at 8.30% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , BP plc (ADR) (NYSE:BP)reported earnings of $0.17. The posted earnings topped the analyst’s consensus by $0.34 with the surprise factor of 200.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

BP plc (ADR) (NYSE:BP) traded up +2.18% during trading on Friday, hitting $34.75 . The stock had a trading volume of 10.7 M shares. The firm has a 50 day moving average of $32.21 and a 200-day moving average of $30.95. The stock has a market cap of $107.56B. On Jun 26, 2015 the shares registered one year high at $42.20 and the one year low was seen on Feb 11, 2016.

BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and refineries in Germany. As of December 31, 2015, it owned and operated approximately 2,500 retail service stations in Russia and internationally. The company also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services; and holds interests in 16 onshore wind farms with a generation capacity of 1,556 megawatts. BP p.l.c. was founded in 1889 and is headquartered in London, the United Kingdom.

Analysts Review On KeyCorp (NYSE:KEY)

The shares of KeyCorp (NYSE:KEY)currently has mean rating of 2.2 while 14 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 9 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of KeyCorp (NYSE:KEY)is at $14.29 while the highest price target suggested by the analysts is $17.00 and low price target is $12.50. The mean price target is calculated keeping in view the consensus of 26 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.09B by 19 analysts. The means estimate of sales for the year ending Dec 16 is 4.77B by 18 analysts.

The average estimate of EPS for the current fiscal quarter for KeyCorp (NYSE:KEY)stands at $0.28 while the EPS for the current year is fixed at $1.09 by 29.00 analysts

The next one year’s EPS estimate is set at 1.32 by 24.00 analysts while a year ago the analysts suggested the company’s EPS at $1.09. The analysts also projected the company’s long-term growth at 11.68% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , KeyCorp (NYSE:KEY)reported earnings of $0.22. The posted earnings missed the analyst’s consensus by $-0.03 with the surprise factor of -12.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

KeyCorp (NYSE:KEY) traded up +3.63% during trading on Friday, hitting $11.99 . The stock had a trading volume of 10.4 M shares. The firm has a 50 day moving average of $12.22 and a 200-day moving average of $11.78. The stock has a market cap of $10.10B and a price-to-earnings ratio of 11.91. On Jun 26, 2015 the shares registered one year high at $15.54 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 KeyCorp (NYSE:KEY) announced that it has reported its 2016 Company-Run Stress Test Results and Process, as required by the Dodd-Frank Act, on the Regulatory Disclosures and Filings page of its website, www.key.com/ir. The disclosure includes stress test results for KeyCorp and KeyBank, but does not take into account any capital actions Key may have requested under the Federal Reserve’s 2016 Comprehensive Capital Analysis and Review process (“CCAR”).

Key’s Company-run stress test results are not necessarily indicative of Key’s performance as part of CCAR, and no positive or negative inference about Key’s CCAR results (including any potential capital actions) should be drawn from these Company-run stress test results.  The Federal Reserve plans to publicly release the results of CCAR on Wednesday, June 29, 2016.

The Federal Reserve’s instructions for the 2016 stress tests required institutions to incorporate any proposed business plan changes in their results. Accordingly, Key’s stress test results included a pro forma projection incorporating the pending acquisition of First Niagara. KeyCorp’s pending acquisition of First Niagara Financial Group remains subject to regulatory approval, including approval by the Federal Reserve.

Analysts Keeping an Eye on Synchrony Financial (NYSE:SYF)

The shares of Synchrony Financial (NYSE:SYF)currently has mean rating of 1.8 while 13 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 2 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Synchrony Financial (NYSE:SYF)is at $35.37 while the highest price target suggested by the analysts is $42.00 and low price target is $28.50. The mean price target is calculated keeping in view the consensus of 19 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.22B by 11 analysts. The means estimate of sales for the year ending Dec 16 is 13.26B by 13 analysts.

The average estimate of EPS for the current fiscal quarter for Synchrony Financial (NYSE:SYF)stands at $0.57 while the EPS for the current year is fixed at $2.66 by 20.00 analysts

The next one year’s EPS estimate is set at 3.00 by 21.00 analysts while a year ago the analysts suggested the company’s EPS at $2.66. The analysts also projected the company’s long-term growth at 5.82% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Synchrony Financial (NYSE:SYF)reported earnings of $0.70. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 1.40%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Synchrony Financial (NYSE:SYF) traded up +1.96% during trading on Friday, hitting $26.04 . The stock had a trading volume of 10.4 M shares. The firm has a 50 day moving average of $29.40 and a 200-day moving average of $28.86. The stock has a market cap of $21.68B and a price-to-earnings ratio of 9.67. On Jul 21, 2015 the shares registered one year high at $36.40 and the one year low was seen on Feb 11, 2016.

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision, and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement, money market, and savings accounts, as well as accepts deposits through third-party securities brokerage firms. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through multiple channels, including online, print, and radio advertising. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut. Synchrony Financial operates independently of GE Consumer Finance, Inc. as of November 17, 2015.

Earnings Estimates Under Review: Barrick Gold Corporation (USA) (NYSE:ABX)

The shares of Barrick Gold Corporation (USA) (NYSE:ABX)currently has mean rating of 2.6 while 8 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 14 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Barrick Gold Corporation (USA) (NYSE:ABX)is at $17.03 while the highest price target suggested by the analysts is $23.00 and low price target is $12.39. The mean price target is calculated keeping in view the consensus of 23 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.02B by 7 analysts. The means estimate of sales for the year ending Dec 16 is 8.02B by 18 analysts.

The average estimate of EPS for the current fiscal quarter for Barrick Gold Corporation (USA) (NYSE:ABX)stands at $0.14 while the EPS for the current year is fixed at $0.56 by 18.00 analysts

The next one year’s EPS estimate is set at 0.74 by 23.00 analysts while a year ago the analysts suggested the company’s EPS at $0.56. The analysts also projected the company’s long-term growth at 22.01% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Barrick Gold Corporation (USA) (NYSE:ABX)reported earnings of $0.11. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 10.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Barrick Gold Corporation (USA) (NYSE:ABX) traded down -1.53% during trading on Friday, hitting $19.77 . The stock had a trading volume of 10.3 M shares. The firm has a 50 day moving average of $18.50 and a 200-day moving average of $13.58. The stock has a market cap of $22.55B. On Jun 16, 2016 the shares registered one year high at $21.40 and the one year low was seen on Sep 23, 2015.

On June 20, 2016 Barrick Gold Corporation (USA) (NYSE:ABX) U.S. District Judge Richard M. Berman has granted preliminary approval to a proposed  $140 million class action settlement with Barrick Gold Corporation (ABX), on behalf of a certified class of shareholders who purchased Barrick common stock on the New York Stock Exchange between May 7, 2009 and Nov. 1 , 2013. The court will consider whether to grant final approval of the settlement at a Fairness Hearing on Oct. 18, 2016 at 10 a.m.

The settlement follows three years of litigation in connection with the company’s Pascua-Lama mine located along the border of Chile and Argentina . Plaintiffs alleged that Barrick and certain current and former executives misrepresented the company’s compliance with environmental regulations and the adequacy of the company’s internal controls.

Notice of the proposed settlement and claims forms will be mailed to shareholders potentially affected by the settlement on June 29, 2016 . For more information, please call the claims administrator The Garden City Group, LLC at (855) 907-3222 or visit www.barrickgoldsecuritieslitigation.com.

The postmark deadline for submitting requests for exclusion from the certified class or written objections to any aspect of the settlement is Sept. 21, 2016 . The postmark deadline for class members to submit claim forms is Sept. 29, 2016 .

The case is In re Barrick Gold Securities Litigation, case number 1:13-cv-03851 in the U.S. District Court for the Southern District of New York .

Analysts Ratings on BlackBerry Ltd (NASDAQ:BBRY)

The shares of BlackBerry Ltd (NASDAQ:BBRY) currently has mean rating of 3.1 while 2 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 16 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of BlackBerry Ltd (NASDAQ:BBRY) is at $7.75 while the highest price target suggested by the analysts is $11.00 and low price target is $6.00. The mean price target is calculated keeping in view the consensus of 21 brokerage firms.

The company’s mean estimate for sales for the current quarter ending May 16 is 470.94M by 19 analysts. The means estimate of sales for the year ending Feb 17 is 1.80B by 27 analysts.

The average estimate of EPS for the current fiscal quarter for BlackBerry Ltd (NASDAQ:BBRY) stands at $-0.08 while the EPS for the current year is fixed at $-0.33 by 22.00 analysts

The next one year’s EPS estimate is set at -0.32 by 23.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.33. The analysts also projected the company’s long-term growth at -5.20% for the upcoming five years

In its latest quarter ended on 29 Feb 2016 , BlackBerry Ltd (NASDAQ:BBRY) reported earnings of $-0.03. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 70.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

BlackBerry Ltd (NASDAQ:BBRY) traded up +3.86% during trading on Friday, hitting $7.05 . The stock had a trading volume of 10.0 M shares. The firm has a 50 day moving average of $6.95 and a 200-day moving average of $7.42. The stock has a market cap of $3.65B. On Dec 28, 2015 the shares registered one year high at $9.46 and the one year low was seen on Sep 29, 2015.

On June 23, 2016 BlackBerry Ltd (NASDAQ:BBRY) reported financial results for the three months ended May 31, 2016 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q1 Highlights

  • Company begins reporting multiple business segments: Software and Services, Service Access Fees (SAF) and Mobility Solutions. Mobility Solutions includes BlackBerry smartphones and device software licensing
  • Non-GAAP total revenue of $424 million
  • Non-GAAP software and services revenue of $166 million
  • Non-GAAP gross margin of 53%
  • Tenth consecutive quarter of positive adjusted EBITDA
  • Cash and investments balance of $2.5 billion at the end of the first fiscal quarter
  • Unveiled BlackBerry Radar, a new end-to-end asset tracking system based on the company’s IoT platform, for trucking companies and private fleet operators
  • BlackBerry named a “Leader” in the Forrester Wave for enterprise file sync and share for hybrid solutions
  • After the quarter, BlackBerry named a “Leader” in the Gartner Magic Quadrant for Enterprise Mobility Management Suites
  • New Enterprise Partner Program launched globally to stimulate growth and drive profit for partners
  • Pentagon Force Protection Agency chooses AtHoc to protect Department of Defense leadership, staff, and visitors in times of crisis

Q1 Results

Non-GAAP revenue for the first quarter of fiscal 2017 was $424 million with GAAP revenue of $400 million. The non-GAAP revenue breakdown for the quarter was approximately 39% for software and services, 25% for service access fees (SAF), and 36% for mobility solutions.

BlackBerry had approximately 3,300 enterprise customer wins in the quarter. Approximately 74% of the first quarter software revenue was recurring.

Non-GAAP operating income was $14 million, and non-GAAP net income was $0.00 per share for the first quarter. GAAP net loss for the quarter was $670 million, or $(1.28) per basic share. Basic GAAP net loss reflects a non-cash, long lived asset impairment charge of $501 million, a $57 million goodwill impairment charge, inventory write-down of $41 million, $28 million in amortization of acquired intangibles, stock compensation expense of $12 million, purchase accounting deferred revenue write-down of $24 million, $23 million in restructuring charges, $7 million related to acquisition costs, and a non-cash credit of $24 million for our convertible debt. The impact of these adjustments on GAAP net income and earnings per share is summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments was $2.5 billion as of May 31, 2016. This reflects a use of free cash of $65 million, which includes negative $61 million of cash flow from operations. Cash flow from operations before working capital adjustments was negatively impacted by the inventory impairment and excluding the charges, would have been positive. Excluding $1.25 billion in the face value of our debt, the net cash balance at the end of the quarter was $1.3 billion. Purchase orders with contract manufacturers totaled approximately $150 million at the end of the first quarter, compared to $162 million at the end of the fourth quarter and down from $238 million in the year ago quarter.

“BlackBerry is differentiated by cross-platform market leadership in software, an end-to-end secure mobility platform and a strong financial foundation. Our Q1 results highlight these attributes. Excluding IP licensing, we have more than doubled our software revenue on a year-over-year basis for the second consecutive quarter, driven by our EMM, secure messaging and QNX embedded software businesses. In our Mobility Solutions business, our objective is to achieve operating profitability in the short term,” said John Chen, Executive Chairman and CEO, BlackBerry.

“Our current plan calls for continued investments to expand our addressable markets and drive sustainable profitability and revenue growth. For the full fiscal year, we are on track to deliver 30 percent revenue growth in software and services. Based on a more efficient operating model, we expect a non-GAAP EPS loss of around 15 cents, compared to the current consensus of a 33 cent loss. We also expect to generate positive free cash flow for the full year.”

Analysts Ratings on Halliburton Company (NYSE:HAL)

The shares of Halliburton Company (NYSE:HAL)currently has mean rating of 1.8 while 20 analyst have recommended the shares as ‘BUY’ ,15 recommended as ‘OUTPERFORM’ and 4 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Halliburton Company (NYSE:HAL)is at $47.34 while the highest price target suggested by the analysts is $60.00 and low price target is $33.00. The mean price target is calculated keeping in view the consensus of 35 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.78B by 30 analysts. The means estimate of sales for the year ending Dec 16 is 15.72B by 34 analysts.

The average estimate of EPS for the current fiscal quarter for Halliburton Company (NYSE:HAL)stands at $-0.18 while the EPS for the current year is fixed at $-0.20 by 37.00 analysts

The next one year’s EPS estimate is set at 0.94 by 40.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.20. The analysts also projected the company’s long-term growth at 10.75% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Halliburton Company (NYSE:HAL)reported earnings of $0.07. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 75.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Halliburton Company (NYSE:HAL) traded up +2.228% during trading on Friday, hitting $45.811 . The stock had a trading volume of 5.6 M shares. The firm has a 50 day moving average of $42.221 and a 200-day moving average of $36.472. The stock has a market cap of $39.23B. On Jun 8, 2016 the shares registered one year high at $46.69 and the one year low was seen on Jan 20, 2016.

Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, and service tools; pressure control services comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning and maintenance, subsea pipeline, conventional pipeline, and process services. In addition, this segment offers oilfield production and completion chemicals and services; electrical submersible pumps and progressive cavity pumps; and installation, maintenance, repair, and testing services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; and drilling systems and services. It also offers wireline and perforating services that include open-hole logging, cased-hole and slickline, borehole seismic, and formation and reservoir solutions; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment offers integrated exploration, drilling, and production software, as well as related professional and data management services; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and oilfield project management and integrated solutions. Halliburton Company was founded in 1919 and is based in Houston, Texas.

Worth Watching Stock: Office Depot Inc (NASDAQ:ODP)

The shares of Office Depot Inc (NASDAQ:ODP)currently has mean rating of 2.9 while 1 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 12 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Office Depot Inc (NASDAQ:ODP)is at $5.42 while the highest price target suggested by the analysts is $8.00 and low price target is $4.00. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.19B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 13.63B by 11 analysts.

The average estimate of EPS for the current fiscal quarter for Office Depot Inc (NASDAQ:ODP)stands at $0.06 while the EPS for the current year is fixed at $0.43 by 13.00 analysts

The next one year’s EPS estimate is set at 0.47 by 15.00 analysts while a year ago the analysts suggested the company’s EPS at $0.43. The analysts also projected the company’s long-term growth at 17.80% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Office Depot Inc (NASDAQ:ODP)reported earnings of $0.10. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -16.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Office Depot Inc (NASDAQ:ODP) traded down -0.57% during trading on Friday, hitting $3.53 . The stock had a trading volume of 8.0 M shares. The firm has a 50 day moving average of $3.79 and a 200-day moving average of $5.26. The stock has a market cap of $1.90B and a price-to-earnings ratio of 346.00. On Jul 7, 2015 the shares registered one year high at $8.98 and the one year low was seen on May 17, 2016.

On June 16, 2016 Office Depot Inc (NASDAQ:ODP) announces it has commenced an investigation of Office Depot, Inc. (ODP) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/office-depot or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Stock Under Analyst’s Radar: ENSCO PLC (NYSE:ESV)

The shares of ENSCO PLC (NYSE:ESV)currently has mean rating of 3.2 while 1 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 22 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of ENSCO PLC (NYSE:ESV)is at $10.47 while the highest price target suggested by the analysts is $23.00 and low price target is $6.00. The mean price target is calculated keeping in view the consensus of 29 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 746.17M by 24 analysts. The means estimate of sales for the year ending Dec 16 is 2.87B by 31 analysts.

The average estimate of EPS for the current fiscal quarter for ENSCO PLC (NYSE:ESV)stands at $0.56 while the EPS for the current year is fixed at $1.90 by 32.00 analysts

The next one year’s EPS estimate is set at 0.79 by 34.00 analysts while a year ago the analysts suggested the company’s EPS at $1.90. The analysts also projected the company’s long-term growth at -78.86% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , ENSCO PLC (NYSE:ESV)reported earnings of $0.74. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -2.60%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

ENSCO PLC (NYSE:ESV) traded up +3.95% during trading on Friday, hitting $10.89 . The stock had a trading volume of 7.8 M shares. The firm has a 50 day moving average of $10.27 and a 200-day moving average of $10.97. The stock has a market cap of $2.54B. On Jun 30, 2015 the shares registered one year high at $22.79 and the one year low was seen on Feb 25, 2016.

On May 23, 2016 ENSCO PLC (NYSE:ESV) announced that its Board of Directors has declared a regular quarterly cash dividend of US$0.01 per Class A ordinary share payable on 17 June 2016. The ex-dividend date for this payment is expected to be 2 June 2016, with a record date of 6 June 2016.

Ensco uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Ensco news or SEC filings, please sign-up for Email Alerts on the Company’s website.

Ensco plc (ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 28 years, the company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction in the latest independent survey by EnergyPoint Research — the sixth consecutive year that Ensco has earned this distinction. Operating one of the newest ultra-deepwater rig fleets and a leading premium jackup fleet, Ensco has a major presence in the most strategic offshore basins across six continents. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our website at www.enscoplc.com.

Stock Earnings Estimates Under Consideration: AK Steel Holding Corporation (NYSE:AKS)

The shares of AK Steel Holding Corporation (NYSE:AKS)currently has mean rating of 3.0 while 4 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 8 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of AK Steel Holding Corporation (NYSE:AKS)is at $4.58 while the highest price target suggested by the analysts is $7.00 and low price target is $2.00. The mean price target is calculated keeping in view the consensus of 12 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.53B by 9 analysts. The means estimate of sales for the year ending Dec 16 is 6.19B by 13 analysts.

The average estimate of EPS for the current fiscal quarter for AK Steel Holding Corporation (NYSE:AKS)stands at $-0.04 while the EPS for the current year is fixed at $0.13 by 14.00 analysts

The next one year’s EPS estimate is set at 0.39 by 15.00 analysts while a year ago the analysts suggested the company’s EPS at $0.13. The analysts also projected the company’s long-term growth at -11.78% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , AK Steel Holding Corporation (NYSE:AKS)reported earnings of $-0.08. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 20.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

AK Steel Holding Corporation (NYSE:AKS) traded up +2.10% during trading on Friday, hitting $4.94 . The stock had a trading volume of 7.8 M shares. The firm has a 50 day moving average of $4.24 and a 200-day moving average of $3.42. The stock has a market cap of $868.66M. On Jun 8, 2016 the shares registered one year high at $5.50 and the one year low was seen on Jan 20, 2016.

On June 21, 2016 AK Steel Holding Corporation (NYSE:AKS) said that it will increase base prices for all specialty sheet and strip stainless steel products by 3%-6%, effective July 5, 2016.

AK Steel

AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 8,500 men and women at eight steel plants, two coke plants and two tube manufacturing plants across six states: Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. Additional information about AK Steel is available at www.aksteel.com.