iShares Russell 2000 Value
Snyder’s-Lance Reported Mixed Quarterly Results in 1Q16
Snyder’s-Lance (LNCE) has a market cap of $3.0 billion. It fell by 5.2% and closed at $31.80 per share on May 10, 2016.
MPC, TSO, VLO, PSX: Which Refining Stock Is Trading at a Premium?
Now, let’s look at the forward valuations of Marathon Petroleum (MPC), Tesoro (TSO), Valero Energy (VLO), and Phillips 66 (PSX).
Marathon Petroleum’s Debt Is Lower than Industry Averages
Marathon Petroluem’s net debt-to-EBITDA ratio stood at 1.9x in 4Q16. It’s lower than the average industry ratio of 2.8x.
Why Most Analysts Are Calling Marathon Petroleum a ‘Buy’
Marathon Petroleum (MPC) has been rated by 19 Wall Street analysts. Seventeen analysts (or 89%) have rated it as a “buy” so far in May 2017.
Comparing MPC’s, TSO’s, VLO’s, and PSX’s Valuation
Average valuation multiples Earlier, we discussed refining stocks’ performance in 1Q17 and compared their dividend yields. In this part, we’ll look at Marathon Petroleum’s (MPC), Tesoro’s (TSO), Valero Energy’s (VLO), and Phillips 66’s (PSX) forward valuation. The average forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiples and average forward PE […]
How Refining Stocks’ Historical Valuation Compares
Refining stocks’ valuation In this part, we’ll compare refining stocks’ EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios with their three-year averages. Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and Tesoro (TSO) are trading higher than their historical valuation. MPC was trading at a 10.3x EV-to-EBITDA ratio in 1Q17, compared […]
Understanding Valero’s Stock Performance Prior to the 1Q17 Results
Since February 2017, downstream stocks have been hit by volatile crack conditions and changing inventory levels. VLO has also witnessed volatility in its stock price.
How Refining Stocks’ Valuations Compare to Historical Averages
In this article, we’ll look at refining stocks’ EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios compared to their three-year historical averages.
Why So Many Analysts Are Rating Marathon Petroleum as a ‘Buy’
Exactly 17 out of the 19 analysts covering Marathon Petroleum (MPC) have rated it a “buy” in February 2017.
These Refining Stocks Are Trading at a Premium
PSX is trading at 9x its forward EV-to-EBITDA ratio and at 16.4x its forward PE ratio, which is above the peer averages.
Store Capital Gets Added to Oaktree Capital’s Portfolio
Oaktree Capital initiated a new position in Store Capital (STOR) by purchasing 82,148,645 shares in the company.
A Bird’s-Eye View of Orbitz Worldwide’s Full Year Performance
In fiscal 2014, Orbitz posted double-digit revenue growth on the back of strong hotel bookings. It experienced a 10% year-over-year growth in total revenues to $932 million.
Refiners’ Leverages in 1Q17: Who’s Best Placed—MPC, TSO, VLO, or PSX?
The currently unstable refining environment has resulted in volatile refining earnings for big US refiners like MPC, VLO, TSO, and PSX.
How Did Movado Group Perform in 4Q16 and 2016?
Movado Group reported fiscal 4Q16 net sales of $143.3 million—a rise of 7.0% compared to net sales of $133.9 million in fiscal 4Q15.
Chart in Focus: Novavax’s Financial Position in 2017
Novavax (NVAX) generated revenues of $8.4 million in 3Q17 compared with $3.2 million in 3Q16.
Oaktree Capital Enhances its Position in Dynegy by 28%
Dynegy offers wholesale power and ancillary services to municipalities, cooperatives, utilities, and other energy firms in five US states.
Where Do Analysts’ Ratings for VLO Stand following Its Results?
Valero has been rated by a total of 21 analysts. Of this total, 12 analysts (or 57%) have given the stock “buy” or “strong buy” ratings, and nine (or 43%) have given it “hold” ratings.
What Led to Smart & Final Stores’ 12.4% Sales Growth in 2015?
Smart & Final Stores (SFS) reported a sales increase of 12.4% to $4.0 billion in fiscal 2015, beating the consensus estimate by $5.2 million.
Did Smart & Final Stores Beat Earnings Estimates in Fiscal 4Q15?
Smart & Final Stores (SFS) topped revenue estimates by $12 million, reporting a top line of $997.7 billion in fiscal 4Q15.
How NOW’s Short Interest Compares
On May 23, short interest in NOW (DNOW) as a percentage of its float had risen 145% YoY (year-over-year) to 16.3% from 6.7%.
What Does Flotek Industries’ Forward Valuation Suggest?
Flotek Industries’ forward EV-to-EBITDA multiple (11.7x) is significantly lower than its current EV-to-EBITDA multiple (~199x).
Wall Street’s Forecasts for Flotek Industries after 4Q17 Earnings
Here, we’ll discuss Wall Street analysts’ forecasts for Flotek Industries (FTK) following its 4Q17 earnings release.
A Deeper Look at Atara Biotherapeutics’ ATA129, ATA520, and ATA230
In April 2017, Atara Biotherapeutics (ATRA) entered into an agreement with Merck (MRK) to evaluate ATA129 in combination with Merck’s Keytruda.
Reimbursement for Myriad Genetics’ GeneSight in Fiscal 2018
In fiscal 2018, Myriad Genetics (MYGN) expects to witness rapid expansion in reimbursement for GeneSight based on positive results of the 1,200-patient pharmacogenomic study.
Companion Diagnostics May Be Major Opportunity for Myriad Genetics
Myriad Genetics (MYGN) expects to attain a penetration level of 4% in the companion diagnostics segment by 2020.
Sarepta Awaiting Approval for Exondys 51 in Europe
European market approval On December 20, 2016, Sarepta Therapeutics (SRPT) announced that the MAA (marketing authorization application) for Exondys 51 (eteplirsen) for Duchenne muscular dystrophy (or DMD) patients above four years of age with mutations amenable to exon-51 skipping was accepted by the EC (European Commission). After receiving initial feedback from the EC related to […]
Phillips 66’s Beta: Does It Imply the Company Is Less Volatile?
Phillips 66’s 90-day daily beta stands at 1.1, which is below its peer average of 1.5.
Will Tesoro’s Refining Margins See a Boost in 2Q17?
In 2Q17 to date, Tesoro’s refining index values, which refer to regional crack indicators in the areas where TSO operates, have shown improvements
How Analysts Rated Tesoro on Its 1Q17 Earnings Day
Tesoro (TSO) has been rated by 18 analysts. Of those, 12 have assigned the stock a “buy” or “strong buy” rating.
Tesoro Beats 1Q17 Earnings
Tesoro (TSO) posted its 1Q17 results on May 8, 2017. Revenues missed analysts’ estimate, but adjusted EPS of $0.55 surpassed the estimate of $0.31.
Analysts’ Ratings for Phillips 66 after Its 1Q17 Earnings
After its earnings, Phillips 66 was rated by 19 analysts. Four analysts gave it a “buy,” 15 gave it a “hold,” and no analysts gave it a “sell.”
Where Do Analysts Ratings for Tesoro Stand Pre-Earnings?
In this series, we’ve examined Tesoro’s (TSO) 1Q17 estimates, refining margin outlook, and stock performance ahead of its earnings release expected on May 8, 2017.
How Are Analysts Rating Phillips 66 before Its 1Q17 Earnings?
Phillips 66 has been rated by 19 analysts. Of those, four (or 21.0%) have given it a “buy” or “strong buy” rating.
Marathon Petroleum on the Street: What’s Changed among Analysts?
Of the 19 analysts covering MPC, 17 (89%) analysts have assigned “buy” or “strong buy” ratings, while two (11%) have assigned “hold” ratings.
Analyst Ratings for Valero: Why the ‘Hold’ Ratings?
VLO’s mean price target of $72 per share implies around a 10% gain from its current level.
Why Most Analysts’ Ratings for Tesoro Are ‘Buys’
Thirteen out of the 18 analysts covering Tesoro (TSO) have rated it as a “buy” so far in March 2017. Another five analysts have rated TSO as a “hold.”
Phillips 66’s Beta: Does It Imply That PSX Is Less Volatile?
Phillips 66’s (PSX) 90-day beta stood at 1.2 on March 16, 2017, below its peer average of 2.1.
Why the Majority of Analysts Rate Phillips 66 as a ‘Hold’
Fifteen out of the 19 analysts covering Phillips 66 (PSX) rated it as a “hold” in March 2017. Another four analysts rated PSX as a “buy” or a “strong buy.”
Could Marathon Petroleum’s Refining Earnings Rise in 1Q17?
Marathon Petroleum’s refining earnings are impacted by the blended LLS 6-3-2-1 crack, the sweet-sour differential, and the LLS-WTI spread.
PBF Energy’s 4Q16 Results: Earnings Take a Nosedive
PBF Energy (PBF) released its 4Q16 results on February 16, 2017. The earnings results weren’t very encouraging for this petroleum refiner.
Tesoro Stayed Positive despite the Fall in Its 4Q16 Earnings
Tesoro (TSO) posted its 4Q16 results on February 6, 2017. It reported revenues of $6.6 billion, which missed Wall Street analysts’ estimates.
Phillips 66’s Recommendations: What the Analysts Are Saying Now
After its 4Q16 results, four of 19 analysts assigned “buy” or “strong buy” recommendations to Phillip’s 66 stock, while 15 assigned “holds.”
Are Fairmount Santrol’s Fundamentals on a Recovery Path?
During the first nine months of 2016, Fairmount Santrol Holdings’ (FMSA) revenue fell 43% compared to the same period in 2015.
Snyder’s-Lance Plans to Sell Diamond of California
Snyder’s-Lance (LNCE) fell 4.4% to close at $36.22 per share during the fifth week of November 2016.
How Did Snyder’s-Lance Perform in 3Q16?
Price movement Snyder’s-Lance (LNCE) has a market cap of $3.5 billion. It rose 3.2% to close at $35.76 per share on November 7, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.53%, 4.4%, and 5.8%, respectively, on the same day. LNCE is trading 1.2% above its 20-day moving average, 3.1% above […]
Snyder’s-Lance Declares Dividend of $0.16 per Share
Snyder’s-Lance (LNCE) has a market cap of $3.4 billion. It fell 0.12% to close at $34.64 per share on November 4, 2016.
Snyder’s-Lance Appoints Pease as Executive Vice President
Price movement Snyder’s-Lance (LNCE) has a market cap of $3.3 billion. It fell 1.8% to close at $34.10 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.3%, -3.3%, and 0.92%, respectively, on the same day. LNCE is trading 1.5% below its 20-day moving average, 1.8% below […]
Snyder’s-Lance Acquired Metcalfe’s Skinny to Expand Its Business
Snyder’s-Lance fell by 1.1% to close at $34.95 per share on September 1, 2016. Its weekly, monthly, and YTD price movements were -2.4%, 2.2%, and 3.4%.
Why Did Snyder’s-Lance Recall Some of Its Products?
Snyder’s-Lance (LNCE) has a market cap of $3.4 billion. It fell by 1.0% to close at $35.42 per share on August 30, 2016.
Analyzing Snyder’s-Lance Performance in 2Q16
Snyder’s-Lance rose by 2.8% and closed at $35.29 per share during the second week of August 2016. It reported fiscal 2Q16 net revenue of $609.5 million.
FET’s Short Interest Is Falling: What Does This Mean?
Forum Energy Technologies’ (FET) short interest as a percentage of its float is 15.2% as of July 12, 2016, compared to 15.9% as of March 31.
What Does a Typical Smart & Final Store Look Like?
Smart & Final stores have a smaller physical footprint than other warehouse clubs and grocery chains, but they offer a larger SKU selection.
Which Products Are Driving Smart & Final’s Store Sales?
As per Smart & Final’s internal survey, ~42% of its revenue came from the sales of products of sizes that weren’t found at conventional grocers.
A Look at the US Retail Food Industry
The US retail food industry (XRT) comprises store formats ranging from small grocery shops and convenience stores to large supermarkets and club stores.
Forum Energy Technologies’ Valuation Compared to Its Peers
Forum Energy Technologies’ valuation of 81.1x is higher than its peer average. Its forward PE multiple isn’t available, reflecting expected loss for FET in the next four quarters.
Why Haynesville Shale Natural Gas Production Fell 2% in a Year
The U.S. Energy Information Administration estimates that the Haynesville Shale produced 6.2 billion cubic feet per day of natural gas in February 2016.
Identifying Trends for Forum Energy Technologies
Forum Energy Technologies (FET) management expects 10%–15% lower fiscal 1Q16 revenue compared to fiscal 4Q15 due to lower energy prices and a lower upstream drilling budget.
What Does Forum Energy Management Say about Outlook?
Forum Energy Technologies (FET) management expects its revenue and operating margin to decline in fiscal 1Q16. Wall Street analysts have varied opinions about FET’s target prices.
How Did Snyder’s-Lance Perform in 2015?
Snyder’s-Lance (LNCE) has a market cap of $2.2 billion. LNCE fell by 0.38% to close at $31.38 per share on March 3, 2016.
How Did Snyder’s-Lance Perform in 4Q15 and 2015?
Snyder’s-Lance (LNCE) has a market cap of $2.3 billion. LNCE rose by 1.1% to close at $32.71 per share on February 29, 2016.
Understanding Burlington Stores’ Key Product Categories
Burlington Stores derives its revenue from the sale of value-priced apparel, coats, and family footwear, baby furniture, accessories, home décor, and gifts.
Snyder’s-Lance to Acquire Diamond Foods for ~$1.9 Billion
On October 28, a definitive agreement for Snyder’s-Lance to acquire Diamond Foods was entered. Snyder’s-Lance will acquire all outstanding shares of Diamond Foods.
Orbitz’s Cash Flow Generation and Credit Profile
Orbitz Worldwide (OWW) has an established track record for generating positive operating cash flows. Its existing cash balance is $188 million.
Expedia Plus Orbitz Will Equal Largest Online Travel Company
On February 12, Expedia announced its acquisition of Orbitz in an all-cash transaction worth $1.6 billion, or $12 per share. The deal is under regulatory review.