TransCanada Corporation (USA) (NYSE:TRP) received a stock rating upgrade from Citigroup on Mar-30-16. In a note to investors, the firm issued a Buy rating. The analysts previously had a Neutral rating on the stock.

Analysts have a consensus target price of $ 43.41 in the 12-month period. The price objective is 10.88% higher than the recent closing price of $ 39.15. The 52-week price range is $ 28.40 – 46.54 and the company has a market capitalization of $ 27.76B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, 1 says it’s a buy, and 1 have assigned a strong buy rating to the company.

TransCanada Corporation (USA) (TRP) on March 17, 2016 announced that it has entered into a definitive agreement to be acquired by TransCanada Corporation (“TransCanada”) (TSX, NYSE: TRP) for $25.50 per share in cash.  Including the assumption of CPG debt, the total enterprise value of the transaction is approximately $13 billion.  The agreement, which has been unanimously approved by CPG’s Board of Directors, represents a premium of approximately 32% to the volume weighted average price over the last 30 days.

“This transaction delivers tremendous value to our shareholders and places CPG within a leading energy platform that can maximize the value of our strategic positioning and deep inventory of transformational growth projects,” said CPG Chairman and Chief Executive Officer Robert C. Skaggs, Jr.  “The value presented here is a strong endorsement of our team’s outstanding work.  I am confident that this newly enhanced business will continue to deliver on our core commitments to customers, employees, stakeholders and stockholders.”

“This transaction is truly transformational for TransCanada,” said Russ Girling, President and CEO of TransCanada.  “CPG’s interstate pipeline and midstream assets sit directly on top of the fastest growing areas of the Marcellus and Utica Shale regions.  This provides us with a complementary asset base, a substantial growth pipeline network and a broad team that has a solid track record of executing on projects and delivering results.”

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates through three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment transports natural gas to local distribution companies, power generation facilities, and other businesses through a network of regulated natural gas pipelines and storage facilities. It owns and operates a network of 67,300 kilometers (km) of regulated natural gas pipelines; and regulated natural gas storage facilities with a total capacity of 250 billion cubic feet (Bcf).

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VWR Corp (NASDAQ:VWR) insider has recently participated in insider trading activity. President and CEO, BROCKE-BENZ MANUEL bought 417 shares for $9,900 via one transaction Feb 16. Following the transaction, the insider now owns 6,703 shares in total, priced at $155576.63 as of Wednesday. Another notable insider trading was done by the same insider on Jan 15. BROCKE-BENZ MANUEL acquired 395 shares at an average price of $25.02 for a total of $9,883. Moreover, this insider carried out a purchase of 380 shares at $26.05 each on Dec 15. The transaction amounted to $9,899. 10% Owner, MADISON DEARBORN PARTNERS LLC sold 1,650,000 shares for $42,487,500 through one transaction Nov 25. Following this sale, this insider’s stake in the company comprises 70,950,000 shares, priced at $1646749500 as of Wednesday.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 3 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 18 times by insiders. In 12 of these trades, the insider was a seller while an employee of the company was the buyer in six instances.

VWR Corp (VWR) on January 28, 2016 announced that it will release its fourth quarter and full year 2015 financial results on Thursday, February 25, 2016, before the market opens. An investor conference call and live webcast will be hosted by the VWR management team that same day at 8:30 AM ET.

In separate news, on January 14, 2016, The VWR Foundation, a charitable organization dedicated to giving back to the science community, announced the launch of its newly redesigned website. The goal of the redesign was to create a user-friendly site that highlights existing grantees and provides detailed information for potential future grantees.  The new site makes it easier for visitors to learn more about the Foundation’s history, the programs it supports, the grant application process and more.

Along with the launch of its new website, the VWR Foundation concluded its 2015 granting cycle with a distribution of over $112,000 in Founders Grants during the fourth quarter to 11 worthy organizations aligned with its mission. Recipients included Bay Area Biotechnology Education Consortium, Educare Africa, Fund for the Water Works and Leukemia and Lymphoma Society Eastern PA Chapter.  These programs are aligned with the VWR Foundation’s three strategic priorities of research, health and well-being, and science education.

Corning Incorporated (NYSE:GLW) insider has recently participated in insider trading activity. Vice Chairman & Corp. Dev. Off, McRae Lawrence D sold 34,000 shares for $630,441 via one transaction Feb 10. Another notable insider trading was done by FLAWS JAMES B on Feb 04, who is the VICE CHAIRMAN. The insider sold 69,519 shares at an average price of $18.50. Moreover, an insider selling of 28,437 shares was carried out by STEVERSON LEWIS A, Senior Vice President, on Dec 15. Following the transaction, the insider now owns 51,903 shares in total. Exec. VP & Innovation Officer Curran Martin J bought 35,820 shares for $597,137 through one transaction Sep 01. Following this sale, this insider’s stake in the company comprises 35,820 shares, priced at $658,729.8 as of Friday.

The stock has experienced a total of 30 insider trades in the past three months. These trades include 18 sell activities and 12 buy trades. Furthermore, over the past 12 months, the stock was traded 60 times by insiders. In 43 of these trades, the insider was a seller while an employee of the company was the buyer in just 17 instances.

On February 9, 2016 Corning Incorporated (GLW) and Altechna R&D (Workshop of Photonics) announced that they have entered into a joint development agreement to develop new laser glass processing technologies.

“The emerging opportunities for ultra-strong, ultrathin, and ultraclean glass processing solutions, along with a need for greater glass processing efficiencies, are driving the demand for laser processing technologies. We believe this strategic relationship with Workshop of Photonics will enhance our ability to deliver innovative laser processing solutions for glass,” said Michael Müller, managing director of Corning Laser Technologies.

“This strategic partnership with the global specialty glass production leader is recognition of the unique glass processing laser technology developed by Workshop of Photonics,” said Gintas Šlekys, board chairman of Altechna R&D (Workshop of Photonics). “We see this as a great opportunity to grow alongside Corning Incorporated by providing laser application R&D services.”

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also provides subscriber demarcation, connection and protection devices, passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry.

 

Aon plc Class A Ordinary Shares (UK) (NYSE:AON) insider has recently participated in insider trading activity. EVP and CFO, Davies Christa sold 23,155 shares for $ 2,267,847 via one transaction Mar 18. Another notable insider trading was done by LIEB PETER M on Feb 10, who is the EVP & General Counsel. The insider sold 7,356 shares at an average price of $ 94.36. Moreover, an insider selling of 24,199 shares was carried out by McGill Stephen P, Chairman/CEO – ARS, on Feb 09. Following the transaction, the insider now owns 214,373 shares in total. President & CEO Case Gregory C sold 45,800 shares for $ 4,351,595 through one transaction Dec 01. Following this sale, this insider’s stake in the company comprises 874,809 shares, priced at $ 82363267.35 as of Tuesday.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 50 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.

On February 9, 2016 Aon Benfield’s catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2016. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc Class A Ordinary Shares (UK) (AON).

The report reveals that a powerful winter storm brought prodigious snowfall, high winds, coastal flooding, freezing rain, ice, sleet, and severe thunderstorms to the Eastern United States during the second half of January, killing 58 people and injuring dozens of others.

States of emergency were declared in 11 states and Washington, D.C. as the event was rated the fourth-largest winter storm in the Northeast and Mid-Atlantic since the 1950s by the National Oceanic and Atmospheric Administration (NOAA).

Total economic losses were tentatively estimated to exceed USD2.0 billion, while insured losses both from private and public entities were projected to reach well into the hundreds of millions.

Meanwhile, a prolonged period of Arctic cold and snowfall covered much of East Asia causing significant damage and impacting travel. At least 116 people were killed across Taiwan, Thailand, Japan, South Korea, and China.

Total combined economic losses from the event were cited at nearly USD2.0 billion, with China incurring CNY10.6 billion (USD1.6 billion) of the total cost.

Adam Podlaha, Head of Impact Forecasting, said: “Winter in the Northern Hemisphere was on full display to begin 2016, with several winter storm events impacting parts of the United States, Asia and Europe. Despite winter weather historically not being one of the costliest perils when compared to tropical cyclones or flooding, these winter events can still pose billion-dollar costs to the global economy. The peril continues to be of interest to the insurance industry as claims resulting from heavy snow or ice often quickly accumulate.”

 

LG Display Co., Ltd. (NYSE:LPL) reported earnings for the three months ended Mar2016 on May 16, 2016. The company earned $0 per share on revenue of $4.98B. Analysts had been modeling earning per share of $-0.22 with $5.18B in revenue.

LG Display Co., Ltd. manufactures and sells thin film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based panels in the Republic of Korea, the United States, Europe, and Asia. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, mobile phones, tablet computers, and mobile devices. The company also provides panels for industrial and other applications, including entertainment systems, automotive displays, portable navigation devices, and medical diagnostic equipment, as well as flexible display products. It serves end-brand customers and their system integrators through its subsidiaries and affiliated trading company, as well as directly. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in February 2008. LG Display Co., Ltd. was founded in 1985 and is headquartered in Seoul, the Republic of Korea.

LG Display Co., Ltd. earnings per share showed an increasing trend of 6.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 88%.Analysts project EPS growth over the next 5 years at 9.4%. It has EPS annual decline over the past 5 fiscal years of -3% when sales grew 2.2. It reported -10.1% sales drop, and -104.2% EPS decline in the last quarter.

The stock is trading at $10.9, up 32.93% from 52-week low of $8.2. The stock trades down -20.61% from its peak of $13.69 and 1.1% above the consensus price target of $11.02. Its volume clocked up at 0.5 million shares which is higher than the average volume of 0.45 million shares. Its market capitalization currently stands at $7.84B.

Virgin America Inc (NASDAQ:VA) received a stock rating upgrade from Morgan Stanley on Apr-05-16. In a note to investors, the firm issued an Equal-Weight rating. The analysts previously had an Underweight rating on the stock.

The 52-week price range is $ 26.30 – 55.43 and the company has a market capitalization of $ 2.06B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 3 has assigned a hold rating, zero says it’s a buy, and 4 have assigned a strong buy rating to the company.

Virgin America Inc (VA) on April 4, 2016 announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4.0 billion. With an expanded West Coast presence, a larger customer base, and an enhanced platform for growth, Alaska Airlines will be positioned to provide more choices for customers, increase competition and deliver attractive returns to investors.

The combination expands Alaska Airlines’ existing footprint in California, bolsters its platform for growth and strengthens the company as a competitor to the four largest U.S. airlines. Combining Alaska Airlines’ well-established core markets in the Pacific Northwest and the state of Alaska with Virgin America’s strong foundation in California will make Alaska Airlines the go-to airline for the more than 175,000 daily fliers in and out of Golden State airports, including San Francisco and Los Angeles.

For Virgin America customers, service will expand in the thriving technology markets in Silicon Valley and Seattle. The combined airline will also offer more frequent connections to international airline partners departing Seattle, San Francisco and Los Angeles. In addition, this transaction will open up growth opportunities in important East Coast business markets by increasing Alaska Airlines’ access to slot-controlled airports like Ronald Reagan Washington National Airport and the two primary New York City-area airports, John F. Kennedy International Airport and LaGuardia Airport.

“Our employees have worked hard to earn the deep loyalty of customers in the Pacific Northwest and Alaska, while the Virgin America team has done the same in California. Together we will continue to deliver what customers tell us they want: low fares, unmatched reliability and outstanding customer service,” said Brad Tilden, chairman and CEO of Alaska Air Group. “With our expanded network and strong presence in California, we’ll offer customers more attractive flight options for nonstop travel. We look forward to bringing together two incredible groups of employees to build on the successes they have achieved as standalone companies to make us an even stronger competitor nationally.”

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TETRA Technologies, Inc. (NYSE:TTI) received a stock rating downgrade from Scotia Howard Weil on Mar-28-16. In a note to investors, the firm issued a Sector Perform rating. The analysts previously had a Sector Outperform rating on the stock.

Analysts have a consensus target price of $ 8.34 in the 12-month period. The price objective is 34.95% higher than the recent closing price of $ 6.18. The 52-week price range is $ 4.62 – 9.44 and the company has a market capitalization of $ 480.76M. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, zero has assigned a hold rating, 1 says it’s a buy, and 5 have assigned a strong buy rating to the company.

TETRA Technologies, Inc. (TTI) on February 26, 2016 announced fourth quarter 2015 adjusted earnings per share of $0.01, excluding Maritech and other charges, which compares to $0.09 per share in the fourth quarter of 2014, also excluding Maritech and other charges.  Fourth quarter 2015 revenue of $258 million declined 18% from the fourth quarter of 2014 primarily as a result of a 61% reduction in the North American rig count.

Consolidated GAAP fourth quarter 2015 earnings per share attributable to TETRA stockholders including Maritech and other charges was a loss of $(1.84), which compares to a loss of $(1.90) in the fourth quarter of 2014.

Highlights of the 2015 fourth quarter include:

• TETRA fourth quarter free cash flow(1) of $52 million, excluding CSI Compressco and $5 million of Maritech asset retirement obligation (ARO) expenditures, and $3 million of costs associated with the issuance of $125 million of 11% Senior Notes completed in the fourth quarter. For the full year ending December 31, 2015, TETRA free cash flow(1) was $120 million, excluding CSI Compressco and $10 million of Maritech ARO expenditures, and $3 million of costs associated with the note issuance.


• During 2015, TETRA reduced total debt outstanding by $102 million and improved its debt to EBITDA leverage ratio(3) from a high of 3.38x in 2014 to 1.86x at year-end 2015.


• Continued strength in our Fluids Division driven by offshore activities and the continued success of our zinc-free heavy completion fluid.


• Adjusted EBITDA(2) of $28.4 million for CSI Compressco LP, demonstrating continued profitability in the current environment.


• Continued reduction in operating expenses across all of our businesses.


• Robust earnings in our Offshore Services segment during what is typically a seasonally slow quarter.

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