Ally Financial Inc. (NYSE:ALLY) Stock Declines, Analysts: Buy Rating

Ally Financial Inc. (NYSE:ALLY), with -6.75% losses in previous 5 sessions, is under coverage of 17 analysts who collectively assign a buy rating on stock. 15 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 16 stock analysts who cover the stock have an average PT at $24.75, with individual targets in the range of $21 to $32. The shares ended last trade at $17.42, implying that Wall Street analysts see shares climbing about 42.08 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have -6.55 retreated so far this year. A CFO at Ally Financial Inc. (ALLY) purchased shares in a trading activity completed on Wednesday May 04, 2016. Halmy Christopher A accumulated 6,000 shares in the company at a per-share price of $16.9 and ended up spending $101,400 in the investment. Halmy Christopher A now have 161,749 shares in the stock after this transaction. A CEO in the company, Brown Jeffrey Jonathan, on Wednesday May 04, 2016 spent $201,720 from the purchase of 12,000 shares at a per-share price of $16.9. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Ally Financial Inc. (NYSE:ALLY) Earnings on Tap

Investors interested in trading ALLY stock at the current market price of $17.42/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.55 in earnings per share (EPS). That would represent a 5.77 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $1.36B.

Historical Quarterly Earnings: Last quarter, Ally Financial Inc. generated nearly $1.38B in sales and net income of $0.56/share. That compares with the mean forecast $1.37B and $0.59/share, respectively. For the prior quarter revenue for the stock hit $1.36B, with EPS at $0.54.

Ally Financial Inc. (ALLY) Analyst Rating News

Macquarie is following shares of Ally Financial Inc. (ALLY), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Macquarie, in a research note issued to clients on Wednesday May 11, 2016. There was another key research note provided by Wells Fargo on Wednesday April 27, 2016. The firm lowered its rating on ALLY from Outperform to Market Perform.

Price Potential: Even though the stock has posted -1.25% fall in value, its new closing price reflects a -15.76% fall in value from company’s one year high of $20.68. The stock is currently holding below its 50-day SMA of $19.17 and below its 200-day SMA of $18.16. Over the last 3 months and over the last 6 months, the shares of Ally Financial Inc. (ALLY), have changed -6.6% and 1.52%, respectively.

Akorn, Inc. (NASDAQ:AKRX) Earns Consensus Hold Rating

Akorn, Inc. (NASDAQ:AKRX), with -18.2% losses in previous 5 sessions, is under coverage of 15 analysts who collectively assign a hold rating on stock. 10 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 12 stock analysts who cover the stock have an average PT at $36.83, with individual targets in the range of $31 to $42. The shares ended last trade at $20.27, implying that Wall Street analysts see shares climbing about 81.7 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have -45.67 retreated so far this year. A Director at Akorn, Inc. (AKRX) sold shares in a trading activity completed on Monday August 15, 2016. Abramowitz Kenneth offloaded 2,691 shares in the company at a per-share price of $30.44 and ended up generating $81,910 in proceeds. Abramowitz Kenneth retains 32,345 shares in the stock after this transaction. A Sr VP Gen Counsel & Secretary in the company, Bonaccorsi Joseph, on Tuesday June 14, 2016 collected $193,960 from the sale of 6,500 shares at a per-share price of $30.44. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Akorn, Inc. (NASDAQ:AKRX) Earnings on Tap

Investors interested in trading AKRX stock at the current market price of $20.27/share should know the company will next release quarterly results for the September 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.54 in earnings per share (EPS). That would represent a -3.57 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $267.04M.

Historical Quarterly Earnings: Last quarter, Akorn, Inc. generated nearly $280.73M in sales and net income of $0.58/share. That compares with the mean forecast $272.99M and $0.55/share, respectively. For the prior quarter revenue for the stock hit $268.35M, with EPS at $0.54.

Akorn, Inc. (AKRX) Analyst Rating News

Piper Jaffray is following shares of Akorn, Inc. (AKRX), so its rating change is noteworthy. The company stock was upgraded to Overweight from Neutral, wrote analysts at Piper Jaffray, in a research note issued to clients on Thursday September 15, 2016. There was another key research note provided by Deutsche Bank on Friday August 05, 2016. The firm lowered its rating on AKRX from Buy to Hold.

Price Potential: Even though the stock has posted -18.07% fall in value, its new closing price reflects a -48.63% fall in value from company’s one year high of $39.46. The stock is currently holding below its 50-day SMA of $26.79 and below its 200-day SMA of $28.54. Over the last 3 months and over the last 6 months, the shares of Akorn, Inc. (AKRX), have changed -34.66% and -7.86%, respectively.

Which way Nabors Industries Ltd. (NYSE:NBR) insiders are heading

Nabors Industries Ltd. (NYSE:NBR), with -4.9% losses in previous 5 sessions, is under coverage of 30 analysts who collectively assign a hold rating on stock. 20 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. The 25 stock analysts who cover the stock have an average PT at $13.96, with individual targets in the range of $8 to $19. The shares ended last trade at $11.45, implying that Wall Street analysts see shares climbing about 21.92 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have 37 jumped so far this year. A Director at Nabors Industries Ltd. (NBR) purchased shares in a trading activity completed on Thursday April 28, 2016. Wolf Howard accumulated 15,000 shares in the company at a per-share price of $9.78 and ended up spending $146,700 in the investment. Wolf Howard now have 90,000 shares in the stock after this transaction. A Director in the company, Kotts John P, on Friday July 26, 2013 spent $1,794,000 from the purchase of 120,000 shares at a per-share price of $9.78. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Nabors Industries Ltd. (NYSE:NBR) Earnings on Tap

Investors interested in trading NBR stock at the current market price of $11.45/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver -$0.34 in earnings per share (EPS). That would represent a 54.55 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $542.44M.

Historical Quarterly Earnings: Last quarter, Nabors Industries Ltd. generated nearly $519.73M in sales and net income of -$0.35/share. That compares with the mean forecast $541.31M and -$0.34/share, respectively. For the prior quarter revenue for the stock hit $571.59M, with EPS at -$0.26.

Nabors Industries Ltd. (NBR) Analyst Rating News

CapitalOne is following shares of Nabors Industries Ltd. (NBR), so its rating change is noteworthy. The company stock was upgraded to Overweight from Equal Weight, wrote analysts at CapitalOne, in a research note issued to clients on Monday September 19, 2016. There was another key research note provided by Credit Suisse on Wednesday June 01, 2016. The firm lowered its rating on NBR from Outperform to Neutral.

Price Potential: Even though the stock has posted 1.06% rise in value, its new closing price reflects a -15.93% fall in value from company’s one year high of $13.62. The stock is currently holding above its 50-day SMA of $11.82 and above its 200-day SMA of $10.16. Over the last 3 months and over the last 6 months, the shares of Nabors Industries Ltd. (NBR), have changed 24.33% and 38.65%, respectively.

Parsley Energy, Inc. (NYSE:PE) Insiders Look Pessimistic About Prospects

Parsley Energy, Inc. (NYSE:PE), with -4.32% losses in previous 5 sessions, is under coverage of 0 analysts who collectively assign a buy rating on stock. 0 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 32 stock analysts who cover the stock have an average PT at $41, with individual targets in the range of $28 to $48. The shares ended last trade at $33.19, implying that Wall Street analysts see shares climbing about 23.53 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 79.89 jumped so far this year. A See Remarks at Parsley Energy, Inc. (PE) sold shares in a trading activity completed on Friday October 21, 2016. Hinson Mike offloaded 25,000 shares in the company at a per-share price of $36.04 and ended up generating $901,000 in proceeds. Hinson Mike retains 1,537,610 shares in the stock after this transaction. A See Remarks in the company, Hinson Mike, on Wednesday October 05, 2016 collected $878,250 from the sale of 25,000 shares at a per-share price of $36.04. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Parsley Energy, Inc. (NYSE:PE) Earnings on Tap

Investors interested in trading PE stock at the current market price of $33.19/share should know the company will next release quarterly results for the September 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.02 in earnings per share (EPS). That would represent a -125 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $129.54M.

Historical Quarterly Earnings: Last quarter, Parsley Energy, Inc. generated nearly $132.66M in sales and net income of $0.03/share. That compares with the mean forecast $129.24M and $0.02/share, respectively. For the prior quarter revenue for the stock hit $106.31M, with EPS at -$0.03.

Parsley Energy, Inc. (PE) Analyst Rating News

Macquarie is following shares of Parsley Energy, Inc. (PE), so its rating change is noteworthy. The company stock was downgraded to Neutral from Outperform, wrote analysts at Macquarie, in a research note issued to clients on Wednesday October 12, 2016. There was another key research note provided by FBR & Co. on Tuesday September 13, 2016. The firm launched coverage on PE at Outperform.

Price Potential: Even though the stock has posted 2.06% rise in value, its new closing price reflects a -10.78% fall in value from company’s one year high of $37.2. The stock is currently holding below its 50-day SMA of $34.22 and above its 200-day SMA of $29.68. Over the last 3 months and over the last 6 months, the shares of Parsley Energy, Inc. (PE), have changed 2.12% and 39.4%, respectively.

Latest Huntington Bancshares Incorporated (NASDAQ:HBAN) Target Price Suggests Stock Is Worth $11.48/Share

Huntington Bancshares Incorporated (NASDAQ:HBAN), with 4.97% gains in previous 5 sessions, is under coverage of 27 analysts who collectively assign a hold rating on stock. 9 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. The 24 stock analysts who cover the stock have an average PT at $11.48, with individual targets in the range of $10 to $13. The shares ended last trade at $10.56, implying that Wall Street analysts see shares climbing about 8.71 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have -2.41 retreated so far this year. A EVP & Controller at Huntington Bancshares Incorporated (HBAN) sold shares in a trading activity completed on Monday August 29, 2016. Anderson David S. offloaded 9,006 shares in the company at a per-share price of $9.82 and ended up generating $88,440 in proceeds. Anderson David S. retains 121,974 shares in the stock after this transaction. A Sr EVP of Principal Sub in the company, Stanutz Nicholas G, on Monday August 22, 2016 collected $340,770 from the sale of 35,350 shares at a per-share price of $9.82. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Earnings on Tap

Investors interested in trading HBAN stock at the current market price of $10.56/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.21 in earnings per share (EPS). That would represent a 0 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $1.05B.

Historical Quarterly Earnings: Last quarter, Huntington Bancshares Incorporated generated nearly $927M in sales and net income of $0.11/share. That compares with the mean forecast $857.2M and $0.21/share, respectively. For the prior quarter revenue for the stock hit $777M, with EPS at $0.19.

Huntington Bancshares Incorporated (HBAN) Analyst Rating News

FBR & Co. is following shares of Huntington Bancshares Incorporated (HBAN), so its rating change is noteworthy. The company stock was downgraded to Mkt Perform from Outperform, wrote analysts at FBR & Co., in a research note issued to clients on Tuesday October 11, 2016. There was another key research note provided by Wedbush on Friday October 07, 2016. The firm launched coverage on HBAN at Outperform.

Price Potential: Even though the stock has posted -1.77% fall in value, its new closing price reflects a -8.51% fall in value from company’s one year high of $11.87. The stock is currently holding above its 50-day SMA of $9.96 and above its 200-day SMA of $9.75. Over the last 3 months and over the last 6 months, the shares of Huntington Bancshares Incorporated (HBAN), have changed 13.39% and 5.15%, respectively.

Chesapeake Energy Corporation (NYSE:CHK) Insiders Look Optimistic About Prospects

Chesapeake Energy Corporation (NYSE:CHK), with -10.71% losses in previous 5 sessions, is under coverage of 33 analysts who collectively assign a sell rating on stock. 6 of the brokerages firms have a buy or better rating; the 3 sells versus 7 underperforms. The 27 stock analysts who cover the stock have an average PT at $7.44, with individual targets in the range of $2.5 to $11. The shares ended last trade at $6, implying that Wall Street analysts see shares climbing about 24 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have 33.33 jumped so far this year. A Director at Chesapeake Energy Corporation (CHK) purchased shares in a trading activity completed on Tuesday September 20, 2016. Dunham Archie W accumulated 1,000,000 shares in the company at a per-share price of $6.67 and ended up spending $6,670,000 in the investment. Dunham Archie W now have 4,127,951 shares in the stock after this transaction. A Director in the company, Dunham Archie W, on Monday August 22, 2016 spent $2,124,500 from the purchase of 350,000 shares at a per-share price of $6.67. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Chesapeake Energy Corporation (NYSE:CHK) Earnings on Tap

Investors interested in trading CHK stock at the current market price of $6/share should know the company will next release quarterly results for the September 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver -$0.04 in earnings per share (EPS). That would represent a -20 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $2.18B.

Historical Quarterly Earnings: Last quarter, Chesapeake Energy Corporation generated nearly $1.62B in sales and net income of -$0.14/share. That compares with the mean forecast $1.94B and -$0.1/share, respectively. For the prior quarter revenue for the stock hit $1.95B, with EPS at -$0.1.

Chesapeake Energy Corporation (CHK) Analyst Rating News

RBC Capital Mkts is following shares of Chesapeake Energy Corporation (CHK), so its rating change is noteworthy. The company stock was upgraded to Sector Perform from Underperform, wrote analysts at RBC Capital Mkts, in a research note issued to clients on Tuesday October 25, 2016. There was another key research note provided by BofA/Merrill on Friday October 21, 2016. The firm lifted its rating on CHK from Underperform to Neutral.

Price Potential: Even though the stock has posted -1.8% fall in value, its new closing price reflects a -26.38% fall in value from company’s one year high of $8.15. The stock is currently holding below its 50-day SMA of $6.7 and above its 200-day SMA of $5.5. Over the last 3 months and over the last 6 months, the shares of Chesapeake Energy Corporation (CHK), have changed 15.61% and -11.5%, respectively.

Chesapeake Energy Corporation (NYSE:CHK) Insiders Look Optimistic About Prospects

Chesapeake Energy Corporation (NYSE:CHK), with 3.82% gains in previous 5 sessions, is under coverage of 33 analysts who collectively assign a sell rating on stock. 5 of the brokerages firms have a buy or better rating; the 3 sells versus 7 underperforms. The 27 stock analysts who cover the stock have an average PT at $6.33, with individual targets in the range of $0 to $11. The shares ended last trade at $6.52, implying that Wall Street analysts see shares losing about -2.91 per cent in 12 months’ time.

Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have 44.89 jumped so far this year. A Director at Chesapeake Energy Corporation (CHK) purchased shares in a trading activity completed on Tuesday September 20, 2016. Dunham Archie W accumulated 1,000,000 shares in the company at a per-share price of $6.67 and ended up spending $6,670,000 in the investment. Dunham Archie W now have 4,127,951 shares in the stock after this transaction. A Director in the company, Dunham Archie W, on Monday August 22, 2016 spent $2,124,500 from the purchase of 350,000 shares at a per-share price of $6.67. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Chesapeake Energy Corporation (NYSE:CHK) Earnings on Tap

Investors interested in trading CHK stock at the current market price of $6.52/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver -$0.03 in earnings per share (EPS). That would represent a -40 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $2.22B.

Historical Quarterly Earnings: Last quarter, Chesapeake Energy Corporation generated nearly $1.62B in sales and net income of -$0.14/share. That compares with the mean forecast $1.93B and -$0.1/share, respectively. For the prior quarter revenue for the stock hit $1.95B, with EPS at -$0.1.

Chesapeake Energy Corporation (CHK) Analyst Rating News

FBR & Co. is following shares of Chesapeake Energy Corporation (CHK), so its rating change is noteworthy. The company stock was initiated at Underperform, wrote analysts at FBR & Co., in a research note issued to clients on Tuesday September 13, 2016. There was another key research note provided by Wunderlich on Friday September 09, 2016. The firm lifted its rating on CHK from Hold to Buy.

Price Potential: Even though the stock has posted 2.68% rise in value, its new closing price reflects a -21.73% fall in value from company’s one year high of $8.33. The stock is currently holding above its 50-day SMA of $6.7 and above its 200-day SMA of $5.38. Over the last 3 months and over the last 6 months, the shares of Chesapeake Energy Corporation (CHK), have changed 37.55% and 1.56%, respectively.

In UK Facebook (NASDAQ:FB) vows to pay more tax in future

Facebook (NASDAQ:FB) had been slated recently as it paid only £4,327 in 2014. Meanwhile the company said in a statement that, In 2015 Social Network have sustained to bud our business in UK and created over 300 new skilled jobs. Also managed to pay all the taxes that we were required to under UK the law.

This year Social Networks taxable turnover is £20 million and Facebook has paid tax according to standard rate. The turnover on this amount doubled to £210m and it received a tax credit of £11m from offsetting payments linked to its bonus schemes for the employees, which can be used later to pay off tax bills.

Facebook Inc (FB) claimed that from April 1 it would be using UK to advertise sales instead of Ireland, as a result the payable tax amount would rise to millions of pounds. The information was disclosed in Facebook UKs account in Companies Houses.

According to chartered accountant, the accurate taxable amount is hard to calculate as the true worth of accounts in Ireland is never disclosed. The Facebook accounts just show the cost in UK plus profit to keep HMRC happy. The government would not allow the opaqueness in UK accounts for long.

According to the Facebook (NASDAQ:FB) critics, the company’s tax amount paid in 2015 is much steeper compared to 2014 but the tax is based on engineering and marketing services only. In defense Facebook claims that it will be different in future because it is replacing Ireland for the UK, for rest of the services. This will result in a large number of new Jobs at Facebook UK and drastic increase in tax amount.

Chesapeake Energy Corporation (NYSE:CHK) Insiders Look Optimistic About Prospects

Chesapeake Energy Corporation (NYSE:CHK) up 2.25% for the past 5 days, is under coverage of 33 analysts who collectively assign a sell rating on stock. 5 of the brokerages firms have a buy or better rating; the 3 sells versus 7 underperforms. The 25 stock analysts who cover the stock have an average PT at $6.32, with individual targets in the range of $0 to $11. The shares ended last trade at $6.37, implying that Wall Street analysts see shares losing about -0.78 per cent in 12 months’ time.

Insider Activity: Corporate insiders look optimistic about the outlook of the company stock that they seem to accumulate shares while they have 41.56 jumped so far this year. A Director at Chesapeake Energy Corporation (CHK) purchased shares in a trading activity completed on Tuesday September 20, 2016. Dunham Archie W accumulated 1,000,000 shares in the company at a per-share price of $6.67 and ended up spending $6,670,000 in the investment. Dunham Archie W now have 4,127,951 shares in the stock after this transaction. A Director in the company, Dunham Archie W, on Monday August 22, 2016 spent $2,124,500 from the purchase of 350,000 shares at a per-share price of $6.67. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Chesapeake Energy Corporation (NYSE:CHK) Earnings to Watch

Investors evaluating CHK stock at the current market price of $6.37/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.07 in earnings per share (EPS). That would represent a -158.33 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $2.21B.

Earnings Roundup: In the last fiscal quarter alone, Chesapeake Energy Corporation generated nearly $1.62B in sales and net income of -$0.14/share. That compares with the mean forecast $1.93B and -$0.1/share, respectively. For the prior quarter revenue for the stock hit $1.95B, with EPS at -$0.1.

Chesapeake Energy Corporation (CHK) Analyst Coverage

FBR & Co. is a brokerage house chasing shares of Chesapeake Energy Corporation (CHK), so its rating change is noteworthy. The company stock was initiated at Underperform, wrote analysts at FBR & Co., in a research note issued to clients on Tuesday September 13, 2016. There was another key research note provided by Wunderlich on Friday September 09, 2016. The firm lifted its rating on CHK from Hold to Buy.

Price Momentum: Despite the -0.47% drop in value, the stock’s new closing price reflects a -33.3% fall in price from company’s one year high of $9.55. The stock is currently holding above its 50-day SMA of $3.58 and below its 200-day SMA of $6.63. Over the last 3 months and over the last 6 months, the shares of Chesapeake Energy Corporation (CHK), have changed 35.44% and 5.24%, respectively.

Fisker set for another battle with Tesla Motors (NASDAQ:TSLA) in electric car market

According to the latest publications, Henrik Fisker, who was one of the pioneer in the electric car making is ready to hit the market again with the two new models of electric cars to rival likes of Tesla Motors (NASDAQ:TSLA). Share this with Linkedin

 

Mr Fisker said, he is re-entering electric car market with new strategy, to ensure market edge, which is introducing luxury cars to capture the celebrities market and an economical car to capture common people market. He also claims that the battery life will be longer than any other electric car available in the market.

“Both the technology and the market are more mature now than when we first started out as pioneers in the electric vehicle industry, and our new vehicle will be the most innovative and cutting-edge electric car ever created,” Mr. Fisker claims.

Fisker automotive, an electric vehicle company to cover celebrities market was started in 2007. The Danish designer previously worked with BMW and Aston Martin in California before starting his own venture.

In 2012 his company launched its Fisker Karma model for $100,000 and managed to sell 2000 cars, the buyers included celebrities like Leonardo DiCaprio, Ashton Kutcher and Justin Bieber.

However in 2013 he filed for bankruptcy protection and ended up selling the company to Wanxiang (a Chinese company).

Tesla Motors (TSLA)recently has also introduced an economical car model, which is way cheaper than its previous models (Model S and Model X).

Currently all the mainstream carmakers like General Motors, Renault Nissan or VW are also moving towards the trends of electric car market.