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CEI

Camber Energy has appointed John Mcvicar as the new Chief Financial Officer, replacing Frank W. Barker, Jr. who announced his retirement on September 1, 2023, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:15 pm

D

ENB

Enbridge Inc. has entered into three separate agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of $14.0 billion. The acquisitions will double the scale of Enbridge's gas utility business to approximately 22% of its total adjusted EBITDA. The company expects the acquisitions to be accretive to its financial DCFPS and adjusted EPS outlook in the first full year of ownership.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:12 pm

ZS

Zscaler has provided its financial guidance for FY24, expecting revenue of $2.05B-$2.065B, calculated billings of $2.52B-$2.56B, non-GAAP income from operations of $330M-$340M, and non-GAAP net income per share of $2.20-$2.25. The company also noted that an extension of the useful lives of its servers and networking equipment from four to five years will result in a 50 basis point benefit to its gross margin for FY24.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:09 pm

CODA

Coda Octopus Group has appointed John Price as its new CFO, effective from November 27, 2023. Gayle Jardine, who served as the Interim CFO, will return to her previous role as the European Finance Director.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:08 pm

MGY

Magnolia Oil & Gas Corporation (NYSE:MGY) has announced a definitive purchase agreement to acquire oil and gas producing properties in Giddings for $300 million. The acquisition will be funded with cash on hand, which was $677 million as of June 30, 2023. The acquisition will add approximately 48,000 net acres in Giddings to Magnolia's portfolio, enhancing its development opportunities. The acquired assets are expected to generate a free cash flow yield of more than 20% during 2024 at current strip prices.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:04 pm

CCCC

C4 Therapeutics has announced the appointment of Kendra Adams as CFO, effective from September 18, 2023. The current CFO, Lauren White, will be leaving the company to pursue a new role with a commercial-stage pharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:02 pm

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) announced its monthly production update for August 2023, reporting a 5% increase in BTC production compared to the previous month. The company's active hash rate was approximately 2.03 EH/s as of August 31, 2023. Treasury holdings of BTC and ETH were 758.5 and 13,002.1 respectively, with a fair market value of approximately $19.7 million and $21.4 million. The company had cash and cash equivalents of $24.9 million as of August 31, 2023.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:01 pm

UNP

Union Pacific (NYSE:UNP) has outperformed the market over the past 15 years, producing an average annual return of 12.51%. If an investor had bought $1000 of UNP stock 15 years ago, it would be worth $6,111.90 today. The company currently has a market capitalization of $131.83 billion.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 8:00 pm

DLTR

Over the past 20 years, Dollar Tree (NASDAQ:DLTR) has outperformed the market by 4.39% on an annualized basis, producing an average annual return of 12.07%. If an investor had bought $100 of DLTR stock 20 years ago, it would be worth $985.56 today.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:30 pm

JD

A significant bullish stance on JD.com (NASDAQ:JD) has been observed in the options market, with 18 uncommon trades spotted. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The trades include 6 puts totaling $842,325 and 12 calls totaling $564,279. The targeted price range for JD.com over the last 3 months has been $30.0 to $45.0. The current price of JD.com is $34.16, up 0.19%. Several financial institutions have maintained their ratings on JD.com, with price targets ranging from $38 to $64.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:30 pm