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Western Gas Equity Partners, LP (NYSE:WGP)Q4 2018 Earnings Conference CallFeb. 15, 2019, 12:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
Good day, and welcome to the Western Gas Fourth Quarter and Full Year 2018 Conference Call. All participants will be in listen-only mode. (Operator Instructions) After today’s presentation, there will be an opportunity to ask questions. (Operator Instructions) Please note this event is being recorded. At this time, I’d like to turn the conference over to Jack Spinks, Manager of Investor Relations. Please go ahead.
Jack Spinks — Manager, Investor Relations
Thank you. I’m glad you could join us today for Western Gass’ Fourth Quarter and Full Year 2018 Conference Call. I’d like to remind you that today’s presentation includes forward-looking statements and certain non-GAAP financial measures.
Top 10 Casino Stocks To Own For 2021: Orexigen Therapeutics, Inc.(OREX)
Orexigen Therapeutics, Inc., incorporated on September 12, 2002, is a biopharmaceutical company. The Company is focused on the treatment of obesity. The Company’s product, Contrave, is approved in the United States by the United States Food and Drug Administration as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adults with an initial body mass index (BMI) of 30 kilograms per square meter or greater (obese) or 27 kilograms per square meter or greater (overweight) in the presence of a weight-related comorbid condition.
Contrave is a combination of generic drug components, each of which has received regulatory approval for other indications and has been commercialized in the United States and in a range of member countries of the European Union. Contrave regulates appetite and energy expenditure through central nervous system (CNS) activity. Contrave is a fixed dose combination of bupropion hydrochloride (HCl) extended release (ER) and naltrexone HCl ER.
The Company competes with Genentech, Inc., Eisai Inc., GlaxoSmithKline, Arena Pharmaceuticals, Inc., Vivus, Inc., Novo Nordisk, Johnson & Johnson, Apollo Endosurgery, Boston Scientific, Covidien Ltd., EnteroMedics, Inc., GI Dynamics, Inc. and Medtronic, Inc.
- [By Stephan Byrd]
Media headlines about Orexigen Therapeutics (NASDAQ:OREX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Orexigen Therapeutics earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media headlines about the biopharmaceutical company an impact score of 45.6752029162772 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Paul Ausick]
Orexigen Therapeutics Inc. (NASDAQ: OREX) traded down about 12% Tuesday and posted a new 52-week low of $0.29 after closing Monday at $0.33. The stock’s 52-week high is $4.46. Volume was around 5.9 million, about 8 times the daily average. The company filed Monday for Chapter 11 bankruptcy.
- [By Paul Ausick]
Orexigen Therapeutics Inc. (NASDAQ: OREX) traded down about 78% Monday and posted a new 52-week low of $0.31 after closing Friday at $1.40. The stock’s 52-week high is $4.46. Volume was around 7.5million, about 15 times the daily average. The company has filed for Chapter 11 bankruptcy.
Top 10 Casino Stocks To Own For 2021: Timken Steel Corporation(TMST)
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company operates through two segments, Industrial & Mobile and Energy & Distribution. It offers air-melted alloy steel bars, tubes, and precision components; and value-added services, such as thermal treatment and machining. The companys products are used in engines, transmission and driveline components, hydraulic system components, military ordnance, mining and construction drilling applications, and other types of equipment, as well as in offshore and land-based drilling rig activities. It sells its products and services to the oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors. TimkenSteel Corporation is headquartered in Canton, Ohio.
- [By Ethan Ryder]
TowneBank (NASDAQ:TOWN) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
- [By Shane Hupp]
Shares of TowneBank (NASDAQ:TOWN) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.00.
- [By Max Byerly]
TowneBank (NASDAQ:TOWN) had its hold rating reissued by analysts at Brean Capital.
KeyCorp started coverage on shares of Waste Connections (NYSE:WCN). The firm issued an overweight rating on the stock.
Top 10 Casino Stocks To Own For 2021: ATRION Corporation(ATRI)
Atrion Corporation (Atrion), incorporated on December 30, 1996, is engaged in developing and manufacturing products, primarily for medical applications. The Company’s medical products range from fluid delivery devices to ophthalmic and cardiovascular products. Its fluid delivery products include valves that promote infection control and needle safety. It has developed a range of valves designed to fill, hold and release controlled amounts of fluids or gasses on demand for use in various intubation, intravenous, catheter and other applications in areas, such as anesthesia and oncology.
The Company’s cardiovascular product, MPS2 Myocardial Protection System (MPS2), is the system used in open-heart surgery that delivers fluids and medications, mixes critical drugs and controls temperature, pressure and other variables. The Company also develops and manufactures other cardiovascular products, such as cardiac surgery vacuum relief valves; silicone vessel loops for retracting and occluding vessels in minimally invasive surgical procedures; inflation devices for balloon catheter dilation, stent deployment and fluid dispensing, as well as products used in heart bypass surgery to make a precision opening in the heart for attachment of the bypass vessels. Atrion is a manufacturer of specialized medical devices that disinfect contact lenses. The Company also manufactures a line of balloon catheters used in the treatment of nasolacrimal duct obstruction in children and adults.
The Company’s other medical and non-medical product lines consist of instrumentation and associated disposables used to measure the activated clotting time of blood. In addition, it manufactures and sells a line of products designed for safe needle and scalpel blade containment. The Company is also a manufacturer of inflation systems and valves used in marine and aviation safety products. It manufactures components used in survival products, such as life vests, life rafts, escape slides, inflatable boats and other ! inflatable structures. It also produces one-way and two-way pressure relief valves that protect sensitive electronics and munitions during transport, as well as pressure relief valves used in other medical and non-medical applications. It markets components to other equipment manufacturers for incorporation in their products and sells finished devices to physicians, hospitals, clinics and other treatment centers. It offers customer service, training and education, and technical support, such as field service, spare parts, maintenance and repair for certain of its products.
- [By Shane Hupp]
Barclays PLC cut its holdings in Atrion Co. (NASDAQ:ATRI) by 76.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 160 shares of the medical instruments supplier’s stock after selling 519 shares during the period. Barclays PLC’s holdings in Atrion were worth $119,000 as of its most recent filing with the SEC.
- [By Shane Hupp]
BidaskClub upgraded shares of Atrion (NASDAQ:ATRI) from a strong sell rating to a sell rating in a report issued on Thursday morning.
Shares of ATRI stock opened at $604.05 on Thursday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 31.94 and a beta of 0.63. Atrion has a 52 week low of $516.85 and a 52 week high of $694.00.
- [By Stephan Byrd]
ATRION (NASDAQ: ATRI) and Obalon Therapeutics (NASDAQ:OBLN) are both small-cap medical companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, profitability, valuation, earnings, risk and dividends.
Top 10 Casino Stocks To Own For 2021: PNM Resources, Inc. (Holding Co.)(PNM)
PNMR is an investor-owned holding company with two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are PNM and TNMP. PNMR is focused on achieving the following strategic goals: * Earning authorized returns on its regulated businesses
* Delivering above industry-average earnings and dividend growth
* Maintaining solid investment grade credit ratings
PNMR’s success in accomplishing these strategic goals is highly dependent on continued favorable regulatory treatment for its regulated utilities. Both PNM and TNMP seek cost recovery for their investments through general rate cases and various rate riders. PNM has a general rate case, filed in August 2015, pending before the NMPRC. Additional information about rate filings is provided in Operations and Regulation below and in Note 17.
PNMR’s common stock trades on the New York Stock Exchange under the symbol PNM. Advisors’ Opinion:
- [By Motley Fool Transcribers]
PNM Resources Inc (NYSE:PNM)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Logan Wallace]
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
Top 10 Casino Stocks To Own For 2021: JetPay Corporation(JTPY)
JetPay Corporation, formerly Universal Business Payment Solutions Acquisition Corporation, incorporated on November 12, 2010, is a provider of payment services, such as debit and credit card processing, payroll and human capital management services (HCM services), and card services to businesses and their employees throughout the United States. The Company’s segments include the JetPay Payment Processing Segment, JetPay HR and Payroll Segment, and Corporate. The JetPay Payment Processing Segment is an end-to-end processor of credit and debit card, and automated clearing house (ACH) payment transactions, with a focus on those processing Internet transactions and recurring billings, as well as traditional retailers and service providers. The JetPay HR and Payroll Segment provides HCM services, including payroll and related payroll tax payment processing, time and attendance, human resource (HR) services, services under the Patient Protection and Affordable Care Act (the Affordable Care Act) and other related services to small and medium-sized employers. It also operates JetPay Card Services, which is focused on providing money management and payment services to unbanked and under-banked employees of its business customers.
The Company provides the services through its subsidiaries, such as JetPay, LLC, doing business as JetPay Payment Services; ACI Merchant Systems, LLC, doing business as JetPay Strategic Partners or ACI, and AD Computer Corporation, (ADC or JetPay Payroll Services). JetPay Payment Services and JetPay Strategic Partners provide a range of transaction processing services, including end-to-end encryption and tokenization; high speed network and authorization; batch processing; gift cards; fraud protection; front and back-end processing; Website or payment application services, and ACH processing to merchants. JetPay Payment Services combines real-time credit card processing, online payment solutions and merchant account services into one solution and operates its own front-en! d authorizations system, back-end clearing and settlement system and merchant accounting system. JetPay Payment Services, along with JetPay Strategic Partners, provides point of sale (POS), software applications and systems integration, data networking, communications technologies and the card networks operating regulations. JetPay Payment Services also advise on and delivers the optimal payments acceptance solution to customers in various types of industries, including retailers, restaurants, travel companies, lodging providers, supermarkets, convenience stores, governments, utilities and e-commerce providers.
JetPay Payment Services and JetPay Strategic Partners can interface with its customers using virtually any device or access point in the market, including electronic terminals; electronic cash registers; POS systems; Internet gateways; merchant host interfaces and mobile devices, among others. JetPay Payroll Services provides an array of payroll and human resource services, including processing payroll; collecting and filing national, state and local taxes; online payroll; paperless payroll; electronic child support and other deduction processing; time and labor management services; 401K administration; prepaid cards, and electronic, phone, fax, or paper payroll input, among others. JetPay Payroll Services designs, builds and maintains various payroll software systems and tax depositing and filing software systems, without third-party involvement.
The Company competes with Total Systems, Bank of America Merchant Services, Chase Paymentech, U.S. Bancorp, First Data Corporation, Vantiv, Inc., Global Payments, Inc., WorldPay US, Inc., ADP, Paychex, Paylocity, PayCom, Ceridian, Green Dot, NetSpend, J.P. Morgan Chase, Wells Fargo, American Express and Intuit.
- [By Joseph Griffin]
JetPay (NASDAQ:JTPY) posted its quarterly earnings results on Thursday. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03), Fidelity Earnings reports. The company had revenue of $15.87 million during the quarter, compared to analyst estimates of $19.33 million. JetPay had a negative net margin of 4.54% and a negative return on equity of 305.34%.
Top 10 Casino Stocks To Own For 2021: Summer Infant Inc.(SUMR)
Summer Infant, Inc., through its subsidiaries, engages in the design, marketing, and distribution of branded juvenile health, safety, and wellness products primarily in North America and the United Kingdom. It offers products in various product categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, nursery products, booster and potty seats, bouncers, travel accessories, high chairs, swings, feeding products, car seats, and nursery furniture, as well as infant thermometers, related health and safety products, cribs, baby gear, swaddling blankets, and bottles. The company sells its products principally under the Summer Infant, Carter?s, and Disney brand names through mass merchant retailers and specialty retailers, as well as directly to consumers. Summer Infant, Inc. is headquartered in Woonsocket, Rhode Island.
- [By Stephan Byrd]
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- [By Joseph Griffin]
Summer Infant (NASDAQ:SUMR) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
- [By Max Byerly]
News coverage about Summer Infant (NASDAQ:SUMR) has trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summer Infant earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.9918179751106 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Top 10 Casino Stocks To Own For 2021: MIND C.T.I. Ltd.(MNDO)
MIND C.T.I. Ltd., together with its subsidiaries, develops, manufactures, implements, and markets real-time and off-line billing and customer care software solutions in the Americas, the Asia Pacific, Africa, Europe, and Israel. The company offers billing and customer care solution that supports services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform. Its solution also includes a workflow engine to support the implementation of business processes, including subscriber registration, order management, trouble ticket, and debt collection; and an integral point of sale solution that covers all dealer, store and cashier management, and sales processes. In addition, the company offers professional services comprising installation, turnkey project implementation services, customer support, training and maintenance services, software and process customization, and project management, as well as managed services, including day to day billing operational tasks primarily to its billing and customer care customers. Further, it provides call management systems comprising PhonEX and MEIPS, which collects, records, and stores call information in a customized database; and enterprise software products, such as PhonEX-Ten and PhonEX-ONE that are used by corporations for telecom expense management, call accounting, traffic analysis, and fraud detection. The company offers its products directly; and through network equipment vendors and systems integrators, and resellers primarily to communication providers, such as traditional wireline and wireless, voice over IP, broadband IP network operators, LTE operators, cable operators, and mobile virtual network operators. MIND C.T.I. Ltd. was founded in 1995 and is headquartered in Yokneam Illit, Israel.