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Home » Business & Finance » Gaining Streaks Investor’s Alert: Veeva Systems Inc (NYSE:VEEV), Bill Barrett Corporation (NYSE:BBG), Penn Virginia Corporation (NYSE:PVA), Fortress Investment Group LLC (NYSE:FIG)
Gaining Streaks Investor’s Alert: Veeva Systems Inc (NYSE:VEEV), Bill Barrett Corporation (NYSE:BBG), Penn Virginia Corporation (NYSE:PVA), Fortress Investment Group LLC (NYSE:FIG)

Gaining Streaks Investor’s Alert: Veeva Systems Inc (NYSE:VEEV), Bill Barrett Corporation (NYSE:BBG), Penn Virginia Corporation (NYSE:PVA), Fortress Investment Group LLC (NYSE:FIG)

March 4, 2015 12:14 pm by: Category: Business & Finance Leave a comment A+ / A-

Insights about U.S. Stocks from mix sectors that landed in the Green-Zone in the course of Tuesday’s trade, are depicted underneath:

Veeva Systems Inc (NYSE:VEEV)’s shares picked up 5.49%, and closed at $ 32.69, during the last trading session.

Veeva Systems Inc. a leading provider of industry cloud solutions for life sciences, declared results for its fiscal fourth quarter and fiscal year ended January 31, 2015.

Fiscal 2015 Fourth Quarter Results:

Proceeds: Total proceeds for the fourth quarter were $87.0 million, up from $62.8 million one year ago, an raise of 39% year-over-year. Subscription services proceeds were $66.5 million, up from $45.7 million one year ago, an raise of 46% year-over-year.

Net revenue and non-GAAP net revenue: Fourth quarter net revenue was $13.3 million, contrast to $6.2 million one year ago, an raise of 113% year-over-year. Non-GAAP net revenue for the fourth quarter was $16.8 million, contrast to $9.5 million one year ago, an raise of 77% year-over-year.

Net revenue per share and non-GAAP net revenue per share: For the fourth quarter, fully diluted net revenue per share was $0.09, while non-GAAP fully diluted net revenue per share was $0.12.

Veeva Systems Inc. provides industry-specific cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. The corporation’s solutions enable pharmaceutical and other life sciences companies to realize the benefits of cloud-based architectures and mobile applications for various business functions. Its industry cloud solutions comprise Veeva CRM for customer relationship administration that enables physician-facing employees, such as pharmaceutical sales representatives, key account managers, and scientific liaisons to manage, track, and optimize interactions with healthcare providers in various communication channels utilizing a single integrated solution; and Veeva Vault, a cloud-based content administration and partnership solution for its customers to manage content-centric processes in various departments within a life sciences corporation, counting clinical trials, quality administration, manufacturing, sales, and marketing.

Bill Barrett Corporation (NYSE:BBG), raised 5.28%, and closed at $10.16.

Bill Barrett Corp. stated 2014 results and declared the 2015 Operating Plan and Strategy. Highlights comprise:

  • Total production in 2014 of 9.1 MMBoe, as formerly stated
  • Production raised 29% over 2013, pro forma for asset sales
  • Year-end 2014 proved reserves of 122 MMBoe, proved, probable and possible (“3P”) reserves of 477 MMBoe
  • Generated $231.6 million in discretionary cash flow, or $4.78 per diluted ordinary share
  • Reduced net debt by $266 million in 2014
  • Entered 2015 well positioned with zero drawn on credit line, $515 million liquidity and about 100% of projected 2015 oil production hedged at $90 per barrel
  • Received $42.9 million net cash settlement for Cottonwood Gulch litigation in February 2015
  • 2015 strategy to concentrate capital on highest return assets while maintaining strong balance sheet
  • 2015 operating plan has projected capital expenditures between $240-$280 million and total production between 5.5-5.9 million barrels of oil equivalent, or 10% production growth at the mid-point, pro forma for asset sales.

Bill Barrett Corporation, an independent energy corporation, attains, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The corporation was founded in 2002 and is headquartered in Denver, Colorado.

Penn Virginia Corporation (NYSE:PVA), enhanced 5.24%, and closed at $6.83.

Penn Virginia Corporation, formerly on February 25, stated financial results for the three months and year ended December 31, 2014 and offered details of its 2015 guidance.

Key Highlights:

Fourth quarter 2014 results contrast, as applicable, to third quarter 2014 results were as follows:

  • As formerly revealed, production during the fourth quarter was 2.0 million barrels of oil equivalent (MMBOE), or 21,308 barrels of oil equivalent (BOE) per day (BOEPD), contrast to 20,874 BOEPD, pro forma to exclude production from Mississippi properties sold in July 2014 and volumes associated with a settlement of litigation in the Mid-Continent.
  • During full-year 2014, pro forma total production raised 22% and oil production raised 35% over full-year 2013.
  • Realized oil, natural gas liquids (NGLs) and gas prices declined to $69.82 per barrel, $23.43 per barrel and $3.81 per thousand cubic feet (Mcf) from $95.19 per barrel, $31.76 per barrel and $4.17 per Mcf.
  • Counting oil and gas derivatives, oil and gas prices were $77.99 per barrel and $4.03 per Mcf, contrast to $89.08 per barrel and $4.19 per Mcf.
  • Product proceeds from the sale of oil, NGLs and natural gas were $101.4 million, or $51.73 per barrel of oil equivalent (BOE), contrast to $141.9 million, or $67.91 per BOE.
  • Counting oil and gas derivatives, product proceeds were $111.8 million, or $57.03 per BOE, contrast to $134.3 million, or $64.29 per BOE.
  • Production costs, counting lease operating expense, gathering, processing and transportation expenses and production and ad valorem taxes, reduced to $22.6 million, or $11.52 per BOE, from $27.8 million, or $13.35 per BOE.
  • Not including production and ad valorem taxes, which reduced by $2.2 million due to lower commodity prices, other production costs were $8.72 per BOE, contrast to $9.66 per BOE.
  • Operating loss, not including impairments and net gains or losses on the sale of assets, was $14.6 million, contrast to operating revenue of $28.5 million.
  • Adjusted EBITDAX, a non-GAAP (generally accepted accounting principles) measure, was $84.8 million, contrast to $97.7 million.
  • Borrowing base under our revolving credit facility raised to $500 million during the fourth quarter, providing financial liquidity, counting cash and equivalents, of $470 million at year-end 2014.
  • Leverage ratio was 3.0 times at year-end 2014.

Penn Virginia Corporation, an independent oil and gas corporation, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The corporation’s operations comprise the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas. It also has operations in the Granite Wash in Oklahoma, and the Haynesville Shale and Cotton Valley in East Texas.

Fortress Investment Group LLC (NYSE:FIG) rose 5.20%, and closed at $8.30.

Fortress Investment Group LLC, issued the following statement from Fortress Co-Chairman Wes Edens on Springleaf Holdings, Inc.’s declared contract to attain OneMain Financial:

“As a noteworthy shareholder of Springleaf, we believe this is a compelling transaction, both planned ally and financially. It brings together two companies with similar cultures and exceptional administration teams, singularly focused on meeting the everyday financing needs of an enormous population of working Americans. This combination will create a premier consumer finance corporation, serving about 2.5 million customers, with $15 billion in assets, 2,000 branches and a leading digital presence in the market.”

Funds managed by Fortress own about 73 million shares of Springleaf. The investment dates to August 2010, when Fortress agreed to purchase an 80% stake in American General Finance for about $125 million. Springleaf accomplished an initial public offering on October 15, 2013 and trades on the New York Stock Exchange (LEAF). Fortress has retained its ownership stake in the corporation.

Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities. It launches and manages hedge funds, balanced mutual funds, and private equity funds. The firm invests in the public the private equity and alternative investment markets across the globe.

Gaining Streaks Investor’s Alert: Veeva Systems Inc (NYSE:VEEV), Bill Barrett Corporation (NYSE:BBG), Penn Virginia Corporation (NYSE:PVA), Fortress Investment Group LLC (NYSE:FIG) Reviewed by on . Insights about U.S. Stocks from mix sectors that landed in the Green-Zone in the course of Tuesday's trade, are depicted underneath: Veeva Systems Inc (NYSE:VEE Insights about U.S. Stocks from mix sectors that landed in the Green-Zone in the course of Tuesday's trade, are depicted underneath: Veeva Systems Inc (NYSE:VEE Rating: 0

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