On Thursday, Coty Inc (NYSE:COTY)’s shares declined -0.99% to $30.91.
Coty Inc (COTY) declared that it has added Paul S. Michaels, former Global President of Mars, Incorporated, to the company’s Board of Directors.
Paul S. Michaels will bring extensive consumer goods experience to Coty. During his time at Mars, he led efforts to strengthen the company’s portfolio of businesses through brand revitalization and product innovation. Paul S. Michaels and his team are credited with achieving record growth by refocusing Mars on its core business, emphasizing operational efficiency and developing a high-performance culture.
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes womens and men’s fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care. It offers various fragrance products under the Calvin Klein, Davidoff, Marc Jacobs, Chloé, Playboy, Balenciaga, Beyoncé, Bottega Veneta, Guess?, Lady Gaga Fame, Roberto Cavalli, and Katy Perry brands; and color cosmetics products, counting lip, eye, nail, and facial color products under the OPI, Rimmel, and Sally Hansen brands.
Western Digital Corp (NASDAQ:WDC)’s shares gained 0.43% to $92.42.
Western Digital Corp (WDC) declared that it has added Paul S. Michaels, former Global President of Mars, Incorporated, to the company’s Board of Directors.
Paul S. Michaels will bring extensive consumer goods experience to Coty. During his time at Mars, he led efforts to strengthen the company’s portfolio of businesses through brand revitalization and product innovation. Paul S. Michaels and his team are credited with achieving record growth by refocusing Mars on its core business, emphasizing operational efficiency and developing a high-performance culture.
Western Digital Corporation, through its auxiliaries, develops, manufactures, and sells data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content. It provides hard disk drives (HDDs) and solid-state drives for desktop and notebook personal computers (PCs), and performance enterprise and capacity enterprise markets.
At the end of Thursday’s trade, Energen Corporation (NYSE:EGN)‘s shares dipped -1.91% to $67.19.
Energen Corporation (EGN) declared that it has priced an underwritten public offering of 5,700,000 shares of its common stock. Total gross proceeds of the offering (before underwriter’s discounts and commissions and estimated offering expenses) will be about $405 million. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The underwriter has a 30-day option to purchase up to 855,000 additional shares of common stock from Energen. The offering is predictable to close on or about June 22, 2015, subject to customary closing conditions.
Energen intends to use the net proceeds from the offering to fund a slight enhance in drilling activity in the Midland Basin in the second half of 2015 and, more significantly, to start a multi-year acceleration of development activities in the Permian Basin in 2016, with capital investment in 2016 of $1.0 billion or more; net proceeds also may be used for other general corporate purposes, counting the acquisition of proved and unproved leasehold. Pending such uses, Energen intends to use the net proceeds from this offering to repay borrowings outstanding under its credit facility.
Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering. The common stock will be issued and sold following an effective automatic shelf registration statement on Form S-3 formerly filed with the Securities and Exchange Commission. When accessible, copies of the written prospectus for the offering may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department (1-800-221-1037), at One Madison Avenue, New York, New York.
Energen Corporation, through its partner Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. As of December 31, 2014, the company had about 372.7 million barrels of oil equivalent reserves located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico and Colorado. Energen Corporation was founded in 1929 and is headquartered in Birmingham, Alabama.
DHT Holdings Inc (NYSE:DHT), ended its Thursday’s trading session with 0.43% gain, and closed at $8.10.
DHT Holdings Inc (DHT) is a provider of shipping transportation that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DHT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that DHT Holdings could be a solid choice for investors.
Current Quarter Estimates for DHT
In the past 30 days, no estimates have gone higher or lower for DHT Holdings. The trend, however, has been pretty favorable, with estimates increasing from 6 cents a share 30 days ago, to 12 cents recently, a move of 100%.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet comprised of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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