On Tuesday, Shares of FreeSeas Inc. (NASDAQ:FREE), lost -4% to $0.0168.
FreeSeas declared that at the special meeting of the Company’s shareholders held on December 28, 2015, the shareholders granted discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, following which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-60 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, offered that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-60, and (Y) any Reverse Stock Split is accomplished no later than the first anniversary of the date of the special meeting.
FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice.
Shares of SeaDrill Limited (NYSE:SDRL), inclined 0.28% to $3.64, during its last trading session.
A number of brokerage firms have been covering the stock and have offered earnings projections and the future stock direction. These brokerage firms have offered a short term price target of 8.12 on the stock. The equity’s trailing EPS for the last twelve months sits at -1.75. As per Thomson Reuters First Call, the EPS estimate for the next quarter has been set at 0.38. Meanwhile, the EPS projections for the current year and the next year stands at 2.19 and 1.35 respectively.
Zacks also provides an average broker rating based on sell-side recommendations from covering analysts. This yields a more retail-friendly number as a means of simplifying often complicated brokerage recommendations. Shares of Seadrill Limited presently have an ABR of 2.86. This number is scaled on a 1 to 5 basis with 1 representing a “Strong Buy” and 5 a “Strong Sell” recommendation.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Finally, XOMA Corporation (NASDAQ:XOMA), ended its last trade with 0.72% gain, and closed at $1.39. XOMA Corporation (NASDAQ:XOMA) is predictable to report earnings of $-0.14 per share when the company next issues its quarterly report. This is predictable to be released on or around 2016-03-09, according to the latest information offered by Zacks Research.
XOMA Corporation discovers and develops antibody-based therapeutics in the United States, Europe, and the Asia Pacific. The company’s lead product candidate comprises gevokizumab, a proprietary humanized allosteric-modulating monoclonal antibody that binds to the inflammatory cytokine interleukin-1 beta, which is in Phase III clinical trial for NIU and Behçets disease uveitis, pyoderma gangrenosum, active non-infectious anterior scleritis, autoimmune inner ear disease, and cardiovascular diseases, in addition to diseases under the neutrophilic dermatoses designation, Schnitzler syndrome, and other diseases; and various proof-of-concept studies comprising polymyositis/dermatomyositis, Schnitzler syndrome, and giant cell arteritis.
