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Fly News Breaks for December 20, 2019
MWK, AMCR, CHMG, MRNS, BCEI
Dec 20, 2019 | 10:13 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Bonanza Creek (BCEI) resumed with a Buy at Stifel. 2. Marinus Pharmaceuticals (MRNS) initiated with an Outperform at Oppenheimer. 3. Chemung Financial (CHMG) initiated with a Market Perform at Keefe Bruyette. 4. Amcor (AMCR) initiated with a Neutral at Baird. 5. Mohawk Group (MWK) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
News For BCEI;MRNS;CHMG;AMCR;MWK From the Last 2 Days
BCEI
Oct 20, 2020 | 16:22 EDT
Q3 estimated average sales volumes of 26.2 thousand barrels of oil equivalent per day, or MBoe/d, up 6% over Q2 volumes. Average Q3 oil sales volumes of 14 thousand barrels per day, sequentially flat with Q2. Eric Greager, president and CEO of Bonanza Creek, commented, "We are pleased with the performance of our assets and team during the third quarter and year to date. Our focus on delivering efficient, low cost production resulted in our highest production and lowest unit LOE in Company history. The resulting free cash flow generation has us on track to pay down the remaining $20 million of RBL debt in the coming weeks. We look forward to providing additional color on third quarter results, and our view of the fourth quarter with our earnings release in a few weeks."
CHMG
Oct 19, 2020 | 16:32 EDT
"We are pleased to report another strong quarter with third quarter earnings of $1.19 per share," according to Anders Tomson, President and CEO of Chemung Financial Corporation. "Third quarter results included a 4.8% increase in net interest income and a 1.2% reduction in non-interest expenses, when compared to the third quarter of last year. Our efficiency ratio continued to improve throughout the year as did our non-interest expense to average assets ratio reinforcing our continued focus on expense management. We have remained committed to supporting our clients as they navigate these uncertain times, pivoting to assist as they begin the SBA's loan forgiveness application process. As we look toward the end of this unique and unprecedented year for our country and our communities, we are secure in the knowledge that our company is well-positioned from a capital and liquidity perspective to provide the necessary stability to our customers and communities as they work toward renewal and recovery," Tomson added.