Scotiabank Analysts Give Titan Mining (TI) a C$1.80 Price Target

Titan Mining (TSE:TI) received a C$1.80 target price from Scotiabank in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 44.00% from the stock’s current price.

Separately, National Bank Financial restated an “outperform” rating and set a C$2.00 price target on shares of Titan Mining in a research note on Tuesday, May 8th.

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Shares of TI stock traded up C$0.02 during trading hours on Monday, hitting C$1.25. The stock had a trading volume of 500 shares, compared to its average volume of 66,813. Titan Mining has a twelve month low of C$0.92 and a twelve month high of C$1.65.

In related news, insider Jerold Annett purchased 36,200 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was acquired at an average price of C$1.35 per share, for a total transaction of C$48,870.00. Insiders have bought 39,700 shares of company stock valued at $52,999 in the last 90 days.

Titan Mining Company Profile

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for zinc ores and base metals. Its principal asset is the Empire State Mine project that is located in Northern New York State, the United States.

Zacks: Brokerages Anticipate J & J Snack Foods (JJSF) to Announce $1.51 EPS

Wall Street brokerages expect J & J Snack Foods (NASDAQ:JJSF) to post $1.51 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for J & J Snack Foods’ earnings, with estimates ranging from $1.45 to $1.56. J & J Snack Foods reported earnings per share of $1.34 in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The business is expected to report its next earnings report on Monday, July 23rd.

On average, analysts expect that J & J Snack Foods will report full year earnings of $4.76 per share for the current fiscal year, with EPS estimates ranging from $4.66 to $4.85. For the next year, analysts expect that the firm will post earnings of $5.13 per share, with EPS estimates ranging from $5.05 to $5.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow J & J Snack Foods.

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J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, April 30th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. J & J Snack Foods had a return on equity of 11.50% and a net margin of 9.07%. The business had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $263.89 million. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.

A number of equities research analysts recently weighed in on JJSF shares. Jefferies Group restated a “hold” rating and issued a $135.00 price target on shares of J & J Snack Foods in a research note on Tuesday, January 30th. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, KeyCorp started coverage on J & J Snack Foods in a research note on Wednesday, March 28th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $145.50.

In other J & J Snack Foods news, insider Gerard Garfield Law sold 5,250 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $137.85, for a total value of $723,712.50. Following the transaction, the insider now directly owns 25,890 shares of the company’s stock, valued at approximately $3,568,936.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 21.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JJSF. Whittier Trust Co. of Nevada Inc. grew its holdings in J & J Snack Foods by 78.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,179 shares of the company’s stock valued at $161,000 after buying an additional 519 shares in the last quarter. Shelton Capital Management acquired a new position in J & J Snack Foods in the 4th quarter valued at $204,000. CIBC Asset Management Inc acquired a new position in J & J Snack Foods in the 4th quarter valued at $207,000. Bruderman Asset Management LLC acquired a new position in J & J Snack Foods in the 4th quarter valued at $216,000. Finally, Teton Advisors Inc. acquired a new position in J & J Snack Foods in the 4th quarter valued at $228,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

JJSF traded up $0.23 during trading hours on Monday, reaching $139.07. The company’s stock had a trading volume of 75,383 shares, compared to its average volume of 73,486. J & J Snack Foods has a 52 week low of $124.10 and a 52 week high of $157.33. The stock has a market cap of $2.60 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.92 and a beta of 0.60.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, June 13th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 42.76%.

About J & J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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Short Sellers Up the Ante in Major Oil Stocks

Crude oil slipped below $70 a barrel early on Friday, the first time oil has been below this level in a couple weeks. The price of oil actually reached as high as nearly $73 in this span. If anything, this drop might offer some stabilization, but how quickly oil will recover and then some is yet to be seen. Recent Middle East tensions have helped push the price higher as well. The current crude price still pales in comparison to what it was in 2014.

The May 15 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks increased.

Chevron Corp. (NYSE: CVX) saw its short interest increase to 22.63 million shares from the previous reading of 20.99 million. The shares were last seen trading at $122.43, in a 52-week range of $102.55 to $133.88.

Short interest in Exxon Mobil Corp. (NYSE: XOM) increased to 36.74 million shares from the previous 28.99 million. The stock traded at $78.41, within a 52-week range of $72.16 to $89.30.

BP PLC (NYSE: BP) short interest fell to 5.10 million shares from the previous reading of 5.40 million. Shares traded at $44.22, in a 52-week range of $33.90 to $47.83.

The number of ConocoPhillips (NYSE: COP) shares short rose slightly to 21.33 million from the previous level of 21.01 million. Shares were trading at $64.79, within a 52-week range of $42.27 to $71.71.

Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, increased to 43.13 million shares from the previous 32.43 million. The stock traded at $12.69 a share, in a 52-week range of $7.61 to $17.20. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.

Occidental Petroleum Corp.��s (NYSE: OXY) short interest increased to 12.50 million shares from the previous reading of 11.05 million. Shares recently traded at $81.13, in a 52-week range of $57.84 to $86.38.

ALSO READ: The 6 Most Shorted NYSE Stocks

Saudi Oil Minister Says Aramco IPO Is `Most Likely' in 2019

The initial public offering of Saudi Aramco will be "most likely" happen in 2019, the kingdom’s oil minister said on Friday, confirming a delay into next year for what’s likely to be the world’s largest ever share sale.

"We’re simply waiting for a market readiness for the IPO," Khalid Al-Falih, who’s also the company’s chairman, said at the St. Petersburg International Economic Forum in Russia on Friday.

#lazy-img-328058624:before{padding-top:66.64999999999999%;}

Khalid Al-Falih on May 25.

Photographer: Chris Ratcliffe/Bloomberg

For almost two years, Saudi officials said repeatedly the IPO was "on track, on time" for the second half of 2018. But for the first time in March they suggested it could be delayed until 2019, pushing back a central plank of Saudi Crown Prince Mohammed bin Salman’s plan to modernize the economy.

The Aramco IPO would be a once-in-a-generation event for financial markets. Saudi officials said they hope to raise a record $100 billion by selling a 5 percent stake, valuing the company at more than $2 trillion and dwarfing the $25 billion raised by Chinese retailer Alibaba Group Holding Ltd. in 2014.

Others have poured cold water on the valuation, suggesting a figure much closer to $1 trillion, basing their calculations in part on the first set of accounts on the company revealed earlier this year by Bloomberg News.

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Top Financial Stocks To Own Right Now

tags:AMAG,SAND ,AAV, Thesis:

Akamai (NASDAQ:AKAM) is a company that has a diverse portfolio in information software and services. They provide cloud networks for companies to operate on while also having fast and secure services to protect customer's information from hackers. With an EBITDA margin of 31.6% and an operating margin of 19.64%, which is at the top of their industry, it shows that they retain the most money out of each dollar of revenue gained compared to other similar companies. In the fourth quarter, with the acquisition of Nominum incorporated into the company's financials and the future possibility of gaining market share from their over the top (OTT) focus, Akamai can be seen as underpriced at its current levels. I believe that Akamai also has the capability of continuous growth over the next year just as the industry did in the graph shown on Bloomberg below.

Top Financial Stocks To Own Right Now: AMAG Pharmaceuticals, Inc.(AMAG)

Advisors' Opinion:

• [By Stephan Byrd]

  AMAG Pharmaceuticals (NASDAQ:AMAG) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on AMAG Pharmaceuticals (AMAG)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Chris Lange]

  AMAG Pharmaceuticals Inc. (NASDAQ: AMAG) has a PDUFA date set for its drug Feraheme for the treatment of iron deficiency anemia in patients who have an intolerance or unsatisfactory response to oral iron. The date is set for February 2. Shares of AMAG were trading at $14.45, in a 52-week range of $11.93 to $25.20 and with a consensus price target of $18.00.

Top Financial Stocks To Own Right Now: Sandstorm Gold Ltd(SAND )

Advisors' Opinion:

• [By Joseph Griffin]

  Boston Partners purchased a new stake in Sandstorm Gold (NYSEAMERICAN:SAND) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 463,325 shares of the mining company’s stock, valued at approximately $2,205,000. Boston Partners owned about 0.25% of Sandstorm Gold as of its most recent filing with the Securities and Exchange Commission.

Top Financial Stocks To Own Right Now: Advantage Oil & Gas Ltd(AAV)

Advisors' Opinion:

• [By Max Byerly]

  Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) released its quarterly earnings data on Thursday. The oil and gas company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03), MarketWatch Earnings reports. The business had revenue of $58.07 million during the quarter, compared to analyst estimates of $62.09 million. Advantage Oil & Gas had a net margin of 39.22% and a return on equity of 2.98%.

Intel (INTC) Shares Sold by Honeywell International Inc.

Honeywell International Inc. lowered its stake in Intel (NASDAQ:INTC) by 17.8% in the 4th quarter, HoldingsChannel reports. The fund owned 576,000 shares of the chip maker’s stock after selling 124,500 shares during the quarter. Honeywell International Inc.’s holdings in Intel were worth $26,588,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dynamic Advisors Solutions LLC grew its position in Intel by 133.8% in the 4th quarter. Dynamic Advisors Solutions LLC now owns 76,085 shares of the chip maker’s stock valued at $3,512,000 after purchasing an additional 43,542 shares during the period. Baird Financial Group Inc. grew its position in Intel by 1.1% in the 4th quarter. Baird Financial Group Inc. now owns 1,816,246 shares of the chip maker’s stock valued at $83,838,000 after purchasing an additional 19,341 shares during the period. Smith Moore & CO. grew its position in Intel by 17.9% in the 4th quarter. Smith Moore & CO. now owns 12,014 shares of the chip maker’s stock valued at $555,000 after purchasing an additional 1,828 shares during the period. Norinchukin Bank The grew its position in Intel by 13.7% in the 4th quarter. Norinchukin Bank The now owns 708,117 shares of the chip maker’s stock valued at $32,687,000 after purchasing an additional 85,156 shares during the period. Finally, Destination Wealth Management grew its position in Intel by 18.5% in the 4th quarter. Destination Wealth Management now owns 16,050 shares of the chip maker’s stock valued at $741,000 after purchasing an additional 2,504 shares during the period. Institutional investors own 67.02% of the company’s stock.

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In other news, EVP Navin Shenoy sold 498 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $52.31, for a total transaction of $26,050.38. Following the sale, the executive vice president now directly owns 30,502 shares in the company, valued at $1,595,559.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 6,746 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $52.52, for a total value of $354,299.92. Following the sale, the chief executive officer now owns 264,084 shares in the company, valued at $13,869,691.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,615 shares of company stock worth $4,753,757. Company insiders own 0.03% of the company’s stock.

Several research firms recently issued reports on INTC. B. Riley lifted their price target on shares of Intel from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 27th. Stifel Nicolaus lifted their price target on shares of Intel from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, April 27th. Bank of America reissued a “buy” rating and issued a $65.00 price target on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 price target for the company in a research report on Thursday, April 5th. Finally, Cowen started coverage on shares of Intel in a report on Thursday, May 17th. They set a “market perform” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $55.43.

Shares of Intel opened at $55.21 on Thursday, MarketBeat reports. Intel has a 52-week low of $33.23 and a 52-week high of $55.79. The stock has a market capitalization of $254.73 billion, a P/E ratio of 15.96, a PEG ratio of 1.68 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts forecast that Intel will post 3.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is presently 34.68%.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel (NASDAQ:INTC).

As Royal Wedding Gift Bags Hit eBay, Here's How They're Different From Award Bags

&l;p&g;&l;img class=&q;dam-image ap size-large wp-image-e7d41b26bf7f433d89b1941a774b69cf&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/e7d41b26bf7f433d89b1941a774b69cf/960x0.jpg?fit=scale&q; data-height=&q;639&q; data-width=&q;960&q;&g; Prince Harry and Meghan Markle stand on the steps of St. George&s;s Chapel in Windsor Castle in Windsor, near London, England, as they leave after their wedding ceremony Saturday, May 19, 2018. (Ben Birchhall/pool photo via AP)

On May 19, 2018, well-wishers around the world watched as Prince Harry tied the knot with Meghan Markle (now &q;Her Royal Highness The Duchess of Sussex&q;) at St George&s;s Chapel, Windsor Castle. About 600 guests attended the wedding, including luminaries like David Beckham, Oprah Winfrey,&a;nbsp;and Idris Elba, while another 1,200 lucky guests lined up outside of the chapel to watch.

While those outside the chapel might not have been able to rub elbows with the Queen, they didn&s;t go home empty-handed. The newly married couple issued commemorative gift bags for the occasion. The monogrammed gift bags included such goodies as a royal wedding water bottle, shortbread, and a gold wrapped chocolate coin.

I would have been tempted to eat the shortbread immediately, but some guests were a little more mercenary, putting the bags up for sale after the wedding. Some bags have been listed on eBay: As of this writing, &l;a href=&q;https://www.ebay.co.uk/itm/The-Official-Royal-Wedding-Of-Prince-Harry-Meghan-Markle-Gift-Bag/292572785806?hash=item441eb26c8e:g:zokAAOSwDrVbArL5#shpCntId&q; target=&q;_blank&q;&g;one such listing&l;/a&g; has already drawn 66 bids, driving the price up to &a;pound;13,000 ($17,465.50 US).

&l;img class=&q;size-full wp-image-34441&q; src=&q;http://blogs-images.forbes.com/kellyphillipserb/files/2018/05/The_Official_Royal_Wedding_Of_Prince_Harry___Meghan_Markle_Gift_Bag___eBay.jpg?width=960&q; alt=&q;&q; data-height=&q;300&q; data-width=&q;640&q;&g; Royal Wedding gift bags on eBay

(Quick caveat: If you head over to the site, you might not be able to stop clicking. Other commemorative wedding items for sale include a &l;a href=&q;https://www.ebay.co.uk/itm/KFC-LIMITED-EDITION-HARRY-MEGHAN-ROYAL-WEDDING-GOLDEN-BUCKET-MINT-CONDITION/232776528226?_trkparms=aid%3D888007%26algo%3DDISC.MBE%26ao%3D1%26asc%3D52343%26meid%3D42fe7bdd49824ee38a28f0cf001563d1%26pid%3D100009%26rk%3D1%26rkt%3D1%26sd%3D292572785806%26itm%3D232776528226&a;amp;_trksid=p2047675.c100009.m1982&q; target=&q;_blank&q;&g;KFC Limited Edition Harry &a;amp; Meghan Royal Wedding Golden Bucket&l;/a&g; - yours for just &a;pound;400 ($537 US). You&s;ve been warned.)

Most of the sellers appear to be located in the United Kingdom, but&a;nbsp;taxpayers located in the United States have to assume that the Internal Revenue Service (IRS) is paying attention. Almost any time that you sell an item, you have potential accession to wealth, and under section 61 of the Tax Code, that&s;s generally taxable. The language is pretty broad, &l;a href=&q;https://www.law.cornell.edu/uscode/text/26/61&q; target=&q;_blank&q;&g;declaring that&l;/a&g; &q;gross income means all income from whatever source derived.&q; That includes gains from the sale of capital assets, no matter how you acquire them.

How you acquire the items does matter, however, when it comes to figuring out how much tax you might owe. When you sell or otherwise exchange an item for value, you calculate your gain by subtracting the selling price from your basis. Your basis is generally the price that you pay for an item. So, if you buy Facebook stock for $50 and you sell it today (it&s;s expected to open at $184.49), your gain is $134.49, or $184.49 - $50.

(For more on basis, click &l;a href=&q;https://www.forbes.com/sites/kellyphillipserb/2014/03/04/taxes-from-a-to-z-2014-b-is-for-basis/#6d9bf7b7ca51&q;&g;here&l;/a&g;.)

&l;!--donotpaginate--&g;

But what happens if you&s;re selling an item that you didn&s;t pay for in the first place? The tax treatment for the sale is the same - but figuring the basis can be different.

When you receive a gift, your basis is the same as it was for&a;nbsp;the person who made the gift. So if your great-aunt Janie gave you Facebook stock that she bought for $1, your basis is $1, no matter when she made the gift - even if, on the day that she gave it to you, that&a;nbsp;Facebook stock was worth $100.

But not every &q;gift&q; is a true gift. &l;a href=&q;https://www.forbes.com/sites/kellyphillipserb/2016/09/13/a-look-back-at-oprahs-ultimate-car-giveaway/#101575b860ff&q;&g;Remember when&l;/a&g; every member of Oprah Winfrey&s;s studio audience found themselves with a new $28,500 sedan? Those cars weren&s;t gifts at all, but rather part of a 2004 promotion for Pontiac (previously a brand of cars under the General Motors umbrella). The result was a tax bill to the recipients of about $7,000 per car. Audience members who didn&s;t want or need a car could sell them, of course. The basis was the fair market value of the car - the same amount reported as income. If the car was&a;nbsp;then sold for, say, $30,000, the gain would be $30,000 (selling price) less $28,500 (basis), or $1,500.

The same goes for those &l;a href=&q;https://www.forbes.com/sites/kellyphillipserb/2012/02/26/lights-cameras-gift-bags-why-hollywood-might-not-be-paying-its-fair-share-2/#629aaf4d4bda&q;&g;Hollywood gift&a;nbsp;bags&l;/a&g;. For years, stars took home tax-free gift bags packed full of fantastic items. The theory was, of course, that it was a &q;thank you&q; for just being so darn fabulous. But the IRS thought otherwise. In 2007, as part of an &q;outreach program aimed at the entertainment industry,&q; the&a;nbsp;agency&a;nbsp;&l;a href=&q;https://www.irs.gov/newsroom/gift-bag-questions-and-answers&q; target=&q;_blank&q;&g;announced that&l;/a&g; &q;hese gift bags are not gifts for federal income tax purposes because the organizations and merchants who participate in giving the gifts bags do not do so solely out of affection, respect, or similar impulses for the recipients of the gift bags.&q; Instead, like&a;nbsp;those &q;free&q; cars, those diamond encrusted bras and Gucci sunglasses are considered promotions and the recipient has &q;taxable income equal to the fair market value of the bag and its contents and must report that amount on his or her federal income tax return.&q; Similarly, any subsequent sales are taxed as capital gains using the fair market value as the basis.

But what if it&a;nbsp;&l;em&g;is&l;/em&g; a real gift? I think that&s;s the case with the royal wedding gift bags, even if the contents are quite a bit nicer than your run-of-the-mill&a;nbsp;bottle of bubbles. I&s;d argue that these gifts were actually driven by &q;affection, respect, or similar impulses&q; and not a promotion (note, for example, the lack of branding outside of the monograms).&a;nbsp;If that&s;s the case, under U.S. law, there would be no income to the recipient. That means that most of the guests likely happily devoured their shortcake and chocolate, income tax-free. As for the few souls who hope to profit from their attendance at the big event? If they do, the gain is figured the same as before: the selling price less the basis. In this case, however, the basis would be the cost of the items paid by the gift-giver (just like the Facebook stock from your great-aunt Janie in the earlier example) and not the fair market value of the gift.

Here&s;s the takeaway: Not everything that&s;s &q;free&q; is actually free. When it comes to promotions and giveaways, there&s;s a lot of room for debate (just &l;a href=&q;https://www.forbes.com/sites/kellyphillipserb/2018/05/04/court-to-consider-taxation-of-bobbleheads-and-other-promotional-items/#f5191642bdd3&q;&g;ask the Cincinnati Reds&l;/a&g;). If ever in doubt, remember that section 61 of the Tax Code attempts to grab at almost everything. It&s;s best to consult with a tax professional if you&s;re not sure.&l;/p&g;

Pingtan Marine Enterprise Ltd (PME) CEO Xinrong Zhuo Bought $179,500 of Shares

CEO of Pingtan Marine Enterprise Ltd (NASDAQ:PME) Xinrong Zhuo bought 50,000 shares of PME on 05/18/2018 at an average price of $3.59 a share. The total cost of this purchase was $179,500.

Pingtan Marine Enterprise Ltd through its subsidiaries is engaged in ocean fishing. It harvests a variety of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. Pingtan Marine Enterprise Ltd has a market cap of $271.150 million; its shares were traded at around $3.43 with a P/E ratio of 12.89 and P/S ratio of 4.02. The dividend yield of Pingtan Marine Enterprise Ltd stocks is 1.16%.

CEO Recent Trades:

CEO, 10% Owner Xinrong Zhuo bought 50,000 shares of PME stock on 05/18/2018 at the average price of $3.59. The price of the stock has decreased by 4.46% since.CEO, 10% Owner Xinrong Zhuo bought 50,000 shares of PME stock on 05/17/2018 at the average price of $3.66. The price of the stock has decreased by 6.28% since.CEO, 10% Owner Xinrong Zhuo bought 50,000 shares of PME stock on 05/16/2018 at the average price of $3.68. The price of the stock has decreased by 6.79% since.CEO, 10% Owner Xinrong Zhuo bought 50,000 shares of PME stock on 05/15/2018 at the average price of $3.64. The price of the stock has decreased by 5.77% since.

For the complete insider trading history of PME, click here

.

Zacks: Analysts Anticipate Bonanza Creek Energy (BCEI) to Announce $0.74 Earnings Per Share

Wall Street brokerages predict that Bonanza Creek Energy (NYSE:BCEI) will announce earnings of $0.74 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bonanza Creek Energy’s earnings, with estimates ranging from $0.62 to $0.91. Bonanza Creek Energy posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 174.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 14th.

On average, analysts expect that Bonanza Creek Energy will report full-year earnings of $3.71 per share for the current financial year, with EPS estimates ranging from $3.40 to $4.19. For the next financial year, analysts anticipate that the business will post earnings of $7.41 per share, with EPS estimates ranging from $5.29 to $9.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Bonanza Creek Energy.

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Bonanza Creek Energy (NYSE:BCEI) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.43. The company had revenue of $64.19 million for the quarter, compared to the consensus estimate of $59.30 million. Bonanza Creek Energy had a return on equity of 7.13% and a net margin of 51.92%.

A number of equities analysts have recently commented on BCEI shares. Zacks Investment Research downgraded Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of Bonanza Creek Energy in a research note on Wednesday, April 11th. Imperial Capital started coverage on Bonanza Creek Energy in a research note on Thursday, April 26th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, ValuEngine lowered Bonanza Creek Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Bonanza Creek Energy currently has an average rating of “Hold” and an average target price of $37.67.

Several hedge funds have recently bought and sold shares of BCEI. Cubist Systematic Strategies LLC acquired a new stake in shares of Bonanza Creek Energy in the first quarter valued at about $230,000. AXA acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $281,000. MetLife Investment Advisors LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $287,000. Jane Street Group LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $294,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Bonanza Creek Energy in the fourth quarter valued at about $305,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Shares of Bonanza Creek Energy stock traded up $0.19 during trading hours on Friday, reaching $36.14. The stock had a trading volume of 734,980 shares, compared to its average volume of 259,086. The company has a market cap of $682.13 million, a price-to-earnings ratio of 13.81 and a beta of 1.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.57 and a quick ratio of 0.55. Bonanza Creek Energy has a 1 year low of $23.33 and a 1 year high of $39.56.

About Bonanza Creek Energy

Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.

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