Following U.S. Stocks were among the “Top Losers” during Monday’s trade: Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC), Pioneer Energy Services Corp (NYSE:PES), Cloud Peak Energy Inc (NYSE:CLD), BreitBurn Energy Partners L.P (NASDAQ:BBEP)
Their insights are depicted underneath:
Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC)’s shares dwindled -7.62%, and closed at $0.970.
Through GLOBE NEWSWIRE, Cyclacel Pharmaceuticals, Inc. (CYCC), released that it has priced its formerly declared public offering of 10,000,000 shares of its ordinary stock, at a price to the public of $1.00 per share, for gross proceeds of $10.0 million. The offering is predictable to close on March 9, 2015, subject to customary closing conditions.
The net proceeds, after deducting placement agent fees and expenses and other estimated fees and expenses payable by the Corporation, are about $9.2 million. The Corporation intends to use the proceeds from this offering for the continued clinical development of its most advanced product candidate, sapacitabine, in myelodysplastic syndromes (MDS) and other indications, Phase 1 clinical trials of its cyclin dependent kinase (CDK) inhibitor, CYC065, and general corporate purposes.
H.C. Wainwright & Co., LLC is acting as the sole book runner for the offering.
Cyclacel is a biopharmaceutical corporation developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious diseases. Sapacitabine, Cyclacel’s most advanced product candidate, is the subject of SEAMLESS, a Phase 3 trial, which has accomplished enrollment and is being conducted under an SPA with the FDA as front-line treatment for acute myeloid leukemia (AML) in the elderly, and other studies for myelodysplastic syndromes (MDS) and chronic lymphocytic leukemia (CLL). Cyclacel’s pipeline comprises an oral regimen of seliciclib in combination with sapacitabine in a Phase 1 study of patients with Homologous Recombination (HR) repair-deficient breast, ovarian and pancreatic cancers, counting gBRCA positive tumors, and CYC065, a novel CDK 2/9 inhibitor, with potential utility in both hematological malignancies and solid tumors.
Pioneer Energy Services Corp (NYSE:PES), declined -7.54%, and closed at $5.27. The stock has the beta value of 2.45, and its volatility for the week is 7.77%, while for the month it is 8.08%. The company has the market capitalization of $ 364.05M. The mean recommendation of analysts for this stock is 2.80.(where 1=Buy, 5=Sale).
Pioneer Energy Services Corp., through its auxiliaries, provides drilling services and production services to oil and gas exploration and production companies in the United States and Colombia.
Cloud Peak Energy Inc (NYSE:CLD), dipped -7.00%, and closed at $6.78.
Through BUSINESS WIRE, on February 17, Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal corporation, declared results for the fourth quarter and full year 2014.
2014 Highlights and Recent Developments:
- Adjusted EBITDA of $201.9 million contrast to $218.6 million for 2013. Fourth quarter Adjusted EBITDA was $71.6 million for 2014 contrast to $62.1 million for 2013.
- Improved shipments for the fourth quarter of 23.3 million tons resulting in full year shipments of 85.9 million tons as mine operations were able to raise production as rail service improved.
- Operating cost controls resulted in a reduction in full year cost per ton to $10.19 in 2014 from $10.23 in 2013. Fourth quarter cost per ton was $9.32 for 2014 contrast to $10.04 for 2013.
- Accessible liquidity of $721 million, counting cash and investments of $168.7 million at December 31, 2014. During 2014, cash flow from operations totaled $98.2 million.
- During 2014, accomplished transactions to strengthen the balance sheet, improve long-term cash flow, and enhance export opportunities:
- Reduced long-term debt by $100 million, refinanced $200 million of senior notes at favorable interest rates, and extended the maturity from 2017 to 2024;
- Reached new five year $500 million revolving credit facility that matures in February 2019. Subsequently, amended the revolving credit facility to further relax certain financial covenants, counting the net secured leverage ratio and net cash interest expense coverage ratio;
- Secured approval from the Wyoming Department of Environmental Quality to release and self-bond $200 million of reclamation surety bonds;
- Terminated the Tax Receivable Contract (“TRA”) with Rio Tinto and extinguished the undiscounted liability of $103.6 million for a payment of $45.0 million, resulting in a pre-tax gain of $58.6 million;
- Divested our 50 percent share of the Decker Mine, reducing asset retirement liabilities by $72.2 million, receiving an option for up to 7.7 million tons of export capacity at the projected Millennium Bulk Terminal, resulting in a pre-tax gain of $74.3 million; and
- Raised our committed export capacity at the fully-utilized Westshore Terminal, the lowest cost of the two existing cape-size ports in the Pacific Northwest for PRB exports to Asia.
Cloud Peak Energy Inc. (CLD), also declared that Colin Marshall, Cloud Peak Energy’s President and Chief Executive Officer, spoke at the BMO Capital Markets Global Metals & Mining Conference on Tuesday, February 24, 2015 in Hollywood, Florida.
Cloud Peak Energy Inc. (CLD) is headquartered in Wyoming and is one of the largest U.S. coal producers and the only pure-play Powder River Basin coal corporation. As one of the safest coal producers in the nation, Cloud Peak Energy mines low sulfur, subbituminous coal and provides logistics supply services.
BreitBurn Energy Partners L.P (NASDAQ:BBEP), dropped -6.93%, and closed at $6.98.
Through BUSINESS WIRE, Breitburn Energy Partners L.P. (BBEP), released financial and operating results for the fourth quarter and full year 2014.
Key Highlights:
- Closed on the attainments of QR Energy and planned bolt-on acreage in the Permian Basin for about $2.7 billion, counting debt assumed.
- Raised fourth quarter 2014 production to 4.2 million Boe, a 35% raise from fourth quarter 2013, and raised full year production to 14.1 million Boe, a 29% raise from 2013. Not including production from QR Energy assets, Breitburn’s production raised 6% in the fourth quarter 2014 contrast to fourth quarter 2013 and 20% for 2014 contrast to 2013. Annual production was in line with the forecast in Breitburn’s third quarter Form 10Q.
- Raised Adjusted EBITDA, a non-GAAP financial measure, to $127.4 million (counting attainment and integration costs of $11.7 million), a 7% raise from third quarter 2014. Raised full year Adjusted EBITDA to $473.8 million (counting attainment and integration costs of $14.5 million), a 28% raise from 2013.
- Total estimated proved reserves as of December 31, 2014, were 315.3 million Boe contrast to 214.3 million Boe as of December 31, 2013, a 47% raise.
- Total oil and gas capital expenditures for 2014 were $389 million, a 32% raise from 2013. Not including capital spending of $25 million attributable to QR Energy assets, 2014 capital spending was within the range that was forecast in Breitburn’s third quarter Form 10Q.
Breitburn Energy Partners LP is a publicly traded independent oil and gas master limited partnership focused on the attainment, development, and production of oil and gas properties throughout the United States.




