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MDR

McDermott

$1.75

0.085 (5.12%)

15:33
11/04/19
11/04
15:33
11/04/19
15:33

McDermott said to miss deadline for bond interest payment, Bloomberg reports

McDermott's lowest-ranked debt dropped to the lowest price on record after the was said to have missed an interest payment due Friday for $1.3B of 10.625% senior unsecured notes maturing in 2024, according to Bloomberg, citing people familiar with the matter.

MDR McDermott
$1.75

0.085 (5.12%)

09/11/19
SBSH
09/11/19
NO CHANGE
Target $7
SBSH
Neutral
McDermott price target lowered to $7 from $11 at Citi
Citi analyst Andrew Kaplowitz lowered his price target for McDermott to $7 from $11 while keeping a Neutral rating on the shares. While the analyst sees "some light at the end of the tunnel" for the company on its two "troublesome" liquefied natural gas projects and believes the negative estimate revisions for CBI Legacy work may be behind the company, he says he can't rule out "further project-related noise." Further, McDermott's balance sheet is still relatively levered and some uncertainty regarding the timing of asset sales remains, Kaplowitz tells investors in a research note.
09/19/19
SBSH
09/19/19
NO CHANGE
Target $7
SBSH
Neutral
Citi sees working capital unwind as 'legitimate risk' for McDermott
Shares of McDermott dropped 63% yesterday following news that the company hired turnaround firm AlixPartners for "strategic and operational advice." Low liquidity, high leverage, and lingering headwinds associated with legacy CB&I-related projects pose elevated risk for the company, Citi analyst Andrew Kaplowitz tells investors in a research note. The analyst admits that he does not know what's causing McDermott to turn to AlixPartners. He sees a "wide range of possibilities with little visibility to near-term outcomes," which leads to his continued Neutral rating on the shares. McDermott has a "considerable amount of good assets" that are saleable and customers have an incentive to see the company succeed, says Kaplowitz. However, a working capital unwind is now a "legitimate risk" and it may be harder for McDermott to win work at this point, adds the analyst.
09/20/19
FBCO
09/20/19
NO CHANGE
Target $7
FBCO
Neutral
McDermott's plans to sell Lummus 'a last resort,' says Credit Suisse
Credit Suisse analyst Jamie Cook says McDermott's announcement that it will explore selling its Lummus technology business was considered "a last resort," but was "unfortunately needed" to improve the balance sheet. Cook, who maintains a Neutral rating and $7.00 price target, says she believes McDermott would prefer to retain some ownership in order to retain rights to be the first bidder on the EPC business if possible. She feels a transaction could occur "quickly," given the asset was already on the market recently and says she believes the stock should rally on this news given the dramatic sell off this week and that management is not considering chapter 11.

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SCHW

Charles Schwab

$51.08

1.48 (2.98%)

20:16
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20:16
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BLUE

Bluebird Bio

$84.00

-2.97 (-3.41%)

20:08
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AQST

Aquestive Therapeutics

$6.73

-0.97 (-12.60%)

20:07
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20:07
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Aquestive Therapeutics 7M share Secondary priced at $5.00 »

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  • 13

    Dec

BY

Byline Bancorp

$18.95

0.54 (2.93%)

19:56
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19:56
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Byline Bancorp initiates 3c per share cash dividend »

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NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

19:08
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19:08
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NextGen Healthcare rating change  »

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  • 12

    Dec

AMOT

Allied Motion

$46.79

0.81 (1.76%)

18:57
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18:57
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Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

, DISCA

Discovery

$32.36

0.28 (0.87%)

18:54
12/12/19
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18:54
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18:54
Hot Stocks
Liberty Latin America says Dr. John Malone retires from board »

Liberty Latin America…

LILA

Liberty Latin America

$17.56

0.32 (1.86%)

DISCA

Discovery

$32.36

0.28 (0.87%)

LGF.A

Lionsgate

$9.99

0.65 (6.96%)

LGF.B

Lionsgate

$9.35

0.7 (8.09%)

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HOCPY

Hoya Corp.

$0.00

(0.00%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

18:43
12/12/19
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18:43
Hot Stocks
Hoya to offer JPY12,900 per share in tender offer for Toshiba unit NuFlare »

Hoya Corporation (HOCPY)…

HOCPY

Hoya Corp.

$0.00

(0.00%)

TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba

$0.00

(0.00%)

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  • 16

    Dec

ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:42
12/12/19
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18:42
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18:42
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Adobe…

ADBE

Adobe

$305.76

2.01 (0.66%)

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

DDOG

Datadog

$35.75

0.23 (0.65%)

RIG

Transocean

$5.94

0.28 (4.95%)

TPR

Tapestry

$26.35

0.515 (1.99%)

GTIM

Good Times Restaurants

$1.71

0.14 (8.92%)

ORCL

Oracle

$56.47

0.16 (0.28%)

AVGO

Broadcom

$327.39

7.53 (2.35%)

COST

Costco

$297.50

2.28 (0.77%)

CNC

Centene

$58.52

-0.13 (-0.22%)

03/08/13
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  • 12

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 23

    Jan

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    Mar

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
12/12/19
12/12
18:40
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18:40
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta up 28.5% after…

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
12/12/19
12/12
18:38
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18:38
Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

The deal size was…

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  • 13

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:31
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18:31
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18:31
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta to resume trading…

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ADBE

Adobe

$305.76

2.01 (0.66%)

18:25
12/12/19
12/12
18:25
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18:25
Hot Stocks
Adobe CEO: We are not overly concerned with the trade war with China »

Comment from interview…

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:20
12/12/19
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18:20
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18:20
Hot Stocks
Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

18:11
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18:11
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Amazon orders fourth season of 'The Marvelous Mrs. Maisel' »

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
12/12/19
12/12
18:10
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18:10
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OHA Investment obtains stockholder approval of Portman Ridge deal »

OHA Investment…

OHAI

OHA Investment

$1.28

(0.00%)

PTMN

Portman Ridge Finance

$2.04

(0.00%)

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ONCT

Oncternal Therapeutics

$4.62

0.05 (1.09%)

18:05
12/12/19
12/12
18:05
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18:05
Hot Stocks
Oncternal presents interim data from Phase 1b clinical study of cirmtuzumab »

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
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12/12
18:03
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18:03
Hot Stocks
Horizon Global CFO Jamie Pierson steps down »

Horizon Global announced…

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
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Oracle CEO Catz says expects momentum in 2H20 to carry into FY21 »

Says feels "very…

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  • 12

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
12/12/19
12/12
18:00
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18:00
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Breaking Hot Stocks news story on Sarepta »

Sarepta trading halted,…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:52
12/12/19
12/12
17:52
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17:52
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Oracle's Ellison says 'we have no plans for having a second CEO' »

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  • 12

    Dec

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

Evercel, Inc

$0.00

(0.00%)

17:41
12/12/19
12/12
17:41
12/12/19
17:41
Hot Stocks
NewLink Genetics advances over 11% after Evercel discloses rejected offer »

Shares of NewLink…

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

EVRC

Evercel, Inc

$0.00

(0.00%)

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EVRC

Evercel, Inc

$0.00

(0.00%)

, NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

17:36
12/12/19
12/12
17:36
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17:36
Hot Stocks
Evercel announces rejected offer to acquire NewLink Genetics »

Evercel (EVRC) has made…

EVRC

Evercel, Inc

$0.00

(0.00%)

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

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BXRX

Baudax Bio

$6.30

0.225 (3.70%)

17:34
12/12/19
12/12
17:34
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17:34
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Corsair Capital reports 8.77% passive stake in Baudax Bio »

Corsair Capital disclosed…

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  • 16

    Dec

GVA

Granite Construction

$27.55

1.255 (4.77%)

17:33
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12/12
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17:33
Hot Stocks
Granite Construction subsidiary awarded $16M contract to rehabilitate I-94 »

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