Bloomfield, Conn.-based Kaman Corporation (NYSE: KAMN ) looks likely to land a sizable contract with the New Zealand Ministry of Defense, the company announced late Thursday.
According to Kaman, the NZ MoD has been authorized to sign a contract to purchase 10 of the company's SH-2G(I) Super Seasprite anti-submarine/anti-surface warfare helicopters, plus "spare parts, a full mission flight simulator, and related logistics support," for a total purchase price of $120 million. Pen's not been set to paper just yet, but Kaman expects to execute a sales contract for the whirlybirds sometime within "the next few weeks." Deliveries �would begin later this year, and be spaced out over the course of the next three years.
In a press release, Kaman advised that the NZ MoD has been flying Super Seasprites since 2001. The company says its helicopter "has the highest power-to-weight ratio of any maritime helicopter," and "is the largest, most powerful small ship helicopter in use today." In addition to the Kiwis, Super Seasprites are in use in the Polish Navy and Egyptian Air Force.
5 Best Media Stocks To Buy For 2015: Occidental Petroleum Corporation(OXY)
Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The Oil and Gas segment explores for, develops, produces, and markets crude oil, natural gas liquids, and condensate and natural gas. Its domestic oil and gas operations are located in Texas, New Mexico, California, Kansas, Oklahoma, Utah, Colorado, North Dakota, and West Virginia; and international oil and gas operations are located in Bahrain, Bolivia, Colombia, Iraq, Libya, Oman, Qatar, the United Arab Emirates, and Yemen. As of December 31, 2010, this segment had proved reserves of approximately 3,363 million barrels of oil equivalent. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, and ethylene dichloride products; vinyls, such as vinyl chloride monomer and polyvinyl chloride; and other chemicals comprising chlorinated isocyanurates, resorcinol, sodium silicates, and calcium chloride products. The Midstream, Marketing, and Other segment gathers, treats, processes, transports, stores, purchases, and markets crude oil that includes natural gas liquids and condensate, as well as natural gas and carbon dioxide. This segment also involves in the power generation; and trades around its assets comprising pipelines and storage capacity, as well as oil and gas, other commodities, and commodity-related securities. Occidental Petroleum Corporation was founded in 1920 and is based in Los Angeles, California.
Advisors' Opinion:- [By Michael Flannelly]
Early on Monday, analysts at Deutsche Bank lowered their price target on Occidental Petroleum Corporation (OXY) to reflect a lower-than-expected valuation of an asset that the oil and gas exploration company is trying to sell.
Though the analysts lowered OXY’s price target from $114 to $109, they still maintain a “Buy” rating on the stock. The new price target suggests a 22% upside to the stock’s Friday closing price of $89.49.
Deutsche Bank analyst Paul Sankey said, “Bloomberg Finance LP reports that Oxy is seeking sale of 40% of Mideast operations for around $8bn, which would imply $20bn total value for the unit. However reportedly some suitors are valuing the asset at around $15bn. This is a relatively negative valuation against our previous view that Oxy would be seeking $25+bn for its MENA business. We are cutting our price target to $109/share to reflect this lower implied valuation.”
Occidental Petroleum shares were up 96 cents, or 1.07%, during pre-market trading on Monday. The stock is up 16.81% year-to-date.
- [By Ben Levisohn]
Shares of Anadarko have underperformed peers like EOG Resources�(EOG),Noble Energy�(NBL),�Apache�(APA) and Occidental Petroleum�(OXY) during the past six months as the litigation risk held back the stock, and it looks like it’s going to take a while before its settled once and for all.
- [By MONEYMORNING.COM]
For instance, CB&I last December won a $1 billion EPC contract to design and build an ethane cracker for Occidental Petroleum Corp. (NYSE: OXY) and in Ingleside, Texas. (Occidental is another Private Briefing recommendation - a "spin-off" stock we told you about in mid-February.)
- [By Dan Caplinger]
But Kinder Morgan also needs to demonstrate its ability to keep its organic growth going. In the first quarter, the company's terminals business only managed to report flat growth, leaving it well off track to meet Kinder Morgan's 12% growth goal for the segment. Also, its carbon dioxide business only saw 1% growth in the quarter, despite producers Occidental Petroleum (NYSE: OXY ) and Denbury Resources (NYSE: DNR ) having used CO2 as part of their tertiary recovery methods to get additional oil from largely depleted oil fields in the Permian Basin and on the Gulf Coast.
Top 5 Logistics Stocks For 2014: Hill International Inc. (HIL)
Hill International, Inc. provides project management and construction claims services worldwide. It operates through two segments, Project Management and Construction Claims. The Project Management segment offers construction and project management services, including program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, estimating and cost management, project labor agreement consulting, and management consulting, as well as commissioning, labor compliance, and other services. It manages and undertakes construction process, including planning, scheduling, estimating, budgeting, design review, constructability analyses, value engineering, regulatory compliance, development of project procedures, procurement, project reporting, expediting, inspection, quality assurance/quality control, safety oversight, contract administration, change order processing, and claims management on behalf of project owners and developers, as well as on-site management of contractors, subcontractors, and suppliers. The Construction Claims segment provides claims preparation, analysis and review, litigation support, cost/damages assessment, delay/disruption analysis, contract review and adjudication, risk assessment, lender advisory, and expert witness testimony services to clients. It advises clients for preventing or resolving claims and disputes based upon schedule delays, cost overruns, and other problems on construction projects. The company serves the United States and other national governments, state and local governments, and their agencies, as well as clients in the private sector. Hill International, Inc. was founded in 1976 and is headquartered in Marlton, New Jersey.
Advisors' Opinion:- [By Laura Brodbeck]
Notable earnings releases expected on Monday include:
United Natural Foods(NASDAQ: UNFI) is expected to report second quarter EPS of $0.56 on revenue of $1.64 billion, compared to last year�� EPS of $0.46 on revenue of $1.45 billion. Urban Outfitters(NASDAQ: URBN) is expected to report fourth quarter EPS of $0.55 on revenue of $928.43 million, compared to last year�� EPS of $0.56 on revenue of $856.83 million. Hill International(NYSE: HIL) is expected to report fourth quarter EPS of $0.01 on revenue of $134.74 million, compared to last year�� loss of $0.04 per share on revenue of $110.77 million.Economics
- [By Lisa Levin]
Hill International (NYSE: HIL) shares surged 11.11% to reach a new 52-week high of $5.00 as the company surpassed $1 billion in total backlog at the end of 2013.
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: Urban Outfitters, Inc. (NASDAQ: URBN), United Natural Foods, Inc (NASDAQ: UNFI), Hill International, Inc. (NYSE: HIL) Economic Releases Expected: �Spanish CPI, Italian industrial production, eurozone investor confidenceTuesday
Top 5 Logistics Stocks For 2014: China Lodging Group Limited (HTHT)
China Lodging Group, Limited, together with its subsidiaries, develops, operates, and manages a chain of hotels in the People?s Republic of China. It operates HanTing Express Hotel that targets knowledge workers and value-conscious travelers; HanTing Seasons Hotel, which targets mid-level corporate managers and owners of small and medium enterprises; and HanTing Hi Inn for budget-constrained travelers. As of March 31, 2011, the company had 473 hotels consisting of 259 leased-and-operated hotels and 214 franchised-and-managed hotels; and 162 hotels under development, including 74 leased-and-operated hotels and 88 franchised-and-managed hotels. China Lodging Group, Limited was incorporated in 2007 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on China Lodging Group (Nasdaq: HTHT ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on China Lodging Group (Nasdaq: HTHT ) , whose recent revenue and earnings are plotted below.
Top 5 Logistics Stocks For 2014: Vocus Inc.(VOCS)
Vocus, Inc. provides cloud marketing software that enables businesses attract, engage, and retain customers in the United States, Europe, Asia, and Morocco. It offers a suite of software for social media marketing, search marketing, email marketing, and publicity. The company?s cloud marketing solutions include search marketing and news distribution solution that helps customers increase their online visibility and organic search engine rankings with press releases; and email marketing solution, which provides a method of keeping in touch with prospects and customers by using professional looking emails to send newsletters, special offers, and other useful content. Its cloud marketing solutions also comprise social media software solution that helps customers run social marketing campaigns, as well as monitor and analyze conversations across multiple social networks and other online Websites; and publicity solution, which offers media database, news monitoring, and analyt ics and publicity opportunities that help companies increase their media exposure, manage relationships with reporters, and monitor and analyze trends unfolding in the media. The company also provides professional services that consist of data migration, custom development, and training. Vocus, Inc. sells its products to the financial and insurance, technology, healthcare and pharmaceutical, and retail and consumer products industries, as well as government agencies, not-for-profit organizations, and educational institutions through its direct sales channels, indirect sales channels, and the Internet. Vocus, Inc. was founded in 1988 and is headquartered in Beltsville, Maryland.
Advisors' Opinion:- [By Rich Smith]
In a separate statement, the company announced a small change in management, bringing in ex-Vocus (NASDAQ: VOCS ) Chief Operating Officer William R. Wagner to become its own COO. In an SEC filing, LogMeIn noted that it will pay Wagner $400,000 in annual base salary, plus:
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