In the week ended June 1, 2018, the number of land rigs drilling for oil in the United States totaled 861, up by two compared to the previous week and 128 higher than a total of 733 a year ago. Including 197 other land rigs drilling for natural gas and two listed as miscellaneous, there are a total of 1,060 working rigs in the country, up by one, week over week, and 144 more than a year ago. The data come from the latest Baker Hughes North American Rotary Rig Count released on Friday afternoon.
West Texas Intermediate (WTI) crude oil for July delivery settled at $67.04 a barrel on Thursday and traded down about 0.9% Friday afternoon at $66.45 shortly before regular trading closes. Brent crude for August delivery traded at $77.08 a barrel.
The natural gas rig count fell by one to 197 this week. The count for natural gas rigs is now up by 15, year over year. Natural gas for July delivery traded up about 0.1%, at around $2.96 per million BTUs, up about a penny compared to last Friday.
Hot Penny Stocks To Watch Right Now: Tyson Foods Inc.(TSN)
Advisors' Opinion:- [By Lisa Levin]
Tyson Foods, Inc. (NYSE: TSN) reported weaker-than-expected results for its fiscal second quarter.
Tyson posted quarterly earnings of $1.271 per share on sales of $9.773 billion. Analysts expected earnings of $1.32 per share on sales of $9.89 billion. Tyson expects FY18 earnings of $6.55 to $6.70 per share.
- [By Lisa Levin]
Tyson Foods, Inc. (NYSE: TSN) reported weaker-than-expected results for its fiscal second quarter.
Tyson posted quarterly earnings of $1.271 per share on sales of $9.773 billion. Analysts expected earnings of $1.32 per share on sales of $9.89 billion. Tyson expects FY18 earnings of $6.55 to $6.70 per share.
- [By ]
Tyson Foods (TSN) CEO Tom Hayes wasn't kidding when he told TheStreet he wanted to make another big acquisition soon.
But the argument could be made that Wall Street wasn't expecting his latest food purchase. On Tuesday, Tyson Foods said it will spend $850 million to buy the poultry rendering and blending assets of American Proteins, Inc. and AMPRO Products, Inc.
- [By Lisa Levin]
Tyson Foods, Inc. (NYSE: TSN) reported weaker-than-expected results for its fiscal second quarter.
Tyson posted quarterly earnings of $1.271 per share on sales of $9.773 billion. Analysts expected earnings of $1.32 per share on sales of $9.89 billion. Tyson expects FY18 earnings of $6.55 to $6.70 per share.
- [By Jeremy Bowman]
The Bloomberg report actually came out Friday, when Blue Apron stock fell 4%, and shares continued to decline today as the news site found that the meal-kit service and Tyson Foods (NYSE:TSN) Open Prairie Natural Pork have sold pork from pigs that were housed in gestation crates -- cages so small that pregnant sows can't turn around.
Hot Penny Stocks To Watch Right Now: Luna Innovations Incorporated(LUNA)
Advisors' Opinion:- [By Shane Hupp]
Luna Coin (CURRENCY:LUNA) traded 5.2% higher against the dollar during the 24 hour period ending at 16:00 PM Eastern on September 26th. Luna Coin has a total market capitalization of $11,480.00 and approximately $13.00 worth of Luna Coin was traded on exchanges in the last day. One Luna Coin coin can now be bought for $0.0067 or 0.00000104 BTC on major exchanges including CoinExchange and YoBit. Over the last seven days, Luna Coin has traded 20.8% lower against the dollar.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Luna Innovations (LUNA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Luna Coin (CURRENCY:LUNA) traded up 0.8% against the dollar during the one day period ending at 14:00 PM Eastern on September 18th. One Luna Coin coin can now be bought for about $0.0086 or 0.00000135 BTC on exchanges including CoinExchange and YoBit. Luna Coin has a market cap of $14,603.00 and approximately $2.00 worth of Luna Coin was traded on exchanges in the last day. In the last seven days, Luna Coin has traded down 6.7% against the dollar.
- [By Max Byerly]
Luna Innovations Incorporated (NASDAQ:LUNA) rose 16.6% during trading on Monday . The company traded as high as $4.14 and last traded at $3.93. Approximately 651,876 shares changed hands during mid-day trading, an increase of 1,262% from the average daily volume of 47,854 shares. The stock had previously closed at $3.37.
- [By Logan Wallace]
PRA Health Sciences (NASDAQ: PRAH) and Luna Innovations (NASDAQ:LUNA) are both medical companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, profitability, risk and earnings.
- [By Ethan Ryder]
Luna Innovations (NASDAQ:LUNA) major shareholder Clinic Carilion sold 6,100 shares of Luna Innovations stock in a transaction on Friday, May 25th. The shares were sold at an average price of $3.41, for a total transaction of $20,801.00. Following the completion of the sale, the insider now owns 2,054,385 shares of the company’s stock, valued at approximately $7,005,452.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Hot Penny Stocks To Watch Right Now: Safe Bulkers Inc(SB)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on Safe Bulkers (SB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Evermore Global Advisors LLC trimmed its holdings in shares of Safe Bulkers, Inc. (NYSE:SB) by 24.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,997,101 shares of the shipping company’s stock after selling 635,851 shares during the quarter. Safe Bulkers accounts for approximately 2.2% of Evermore Global Advisors LLC’s holdings, making the stock its 14th biggest holding. Evermore Global Advisors LLC’s holdings in Safe Bulkers were worth $6,790,000 at the end of the most recent quarter.
- [By Ethan Ryder]
Safe Bulkers (NYSE:SB) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Hot Penny Stocks To Watch Right Now: Summit State Bank(SSBI)
Advisors' Opinion:- [By Max Byerly]
ValuEngine upgraded shares of Summit State Bank (NASDAQ:SSBI) from a hold rating to a buy rating in a research note released on Saturday.
Separately, TheStreet raised Summit State Bank from a c+ rating to a b rating in a report on Wednesday, February 14th.
Hot Penny Stocks To Watch Right Now: Transocean Inc.(RIG)
Advisors' Opinion:- [By Matthew DiLallo, Jason Hall, and Tyler Crowe]
The good news is spending is starting to bounce back in some segments, including offshore. Transocean (NYSE:RIG) recently pointed out that offshore investments in the first half of 2018 actually exceeded total 2016 offshore spending, and full-year 2018 spending is expected to be about 50% higher than last year. But unlike shale development, which can lead to new production in weeks, it's going to take years for new offshore spending to bear results.
- [By Joseph Griffin]
An issue of Transocean LTD (NYSE:RIG) debt rose 2.5% as a percentage of its face value during trading on Thursday. The debt issue has a 6.8% coupon and is set to mature on March 15, 2038. The debt is now trading at $85.45. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.
- [By Joseph Griffin]
Shares of Transocean LTD (NYSE:RIG) have been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.52.
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