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Equity Actions

APA

APA (NASDAQ:APA) has been the subject of diverse analyst ratings over the last three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for APA has decreased by 10.21% to $43.7. Analysts from firms like Mizuho, Piper Sandler, and Truist Securities have adjusted their ratings and price targets, reflecting changes in market conditions and APA's performance. Despite facing challenges in revenue growth and debt management, APA maintains strong profitability indicators such as an exceptional net margin of 81.82%, an impressive ROE of 94.99%, and an ROA of 12.32%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:00 pm

STLD

Steel Dynamics (NYSE:STLD) has seen a 19.05% increase in short interest since its last report, with 5.18 million shares sold short, representing 4.0% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 4.66%. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can be bullish.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:30 pm

CISS

C3is shares are trading lower following the announcement of a $6 million underwritten public offering. The offering's pricing has led to a decrease in the stock's value as investors react to the potential dilution of shares.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:23 pm

XELB

Xcel Brands' stock price has declined following the announcement of a $2.42 million public offering of common stock and a concurrent private placement.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:07 pm

LINC

Lincoln Educational Services has appointed John Bartholdson as the new chair of the board, signaling potential strategic shifts or continuity in governance that could influence the company's future direction.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:05 pm

SLS

SELLAS Life Sciences Group has announced a $20 million registered direct offering and concurrent private placement of 13,029,316 shares at a combined purchase price of $1.535 per share.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:02 pm

AREB

American Rebel announced the issuance of $19.99M of 8.53% Series C Redeemable Convertible Preferred Stock, consisting of 2.6 million shares priced at $7.50 each. This move could potentially dilute current shareholders but also provides the company with necessary capital for growth or operations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:01 pm

PBF

Analysts have provided varied ratings for PBF Energy (NYSE:PBF) over the last quarter, with recent actions including both upgrades and downgrades. The average 12-month price target for PBF Energy is now $57.5, reflecting a slight increase from the previous target. The company faces challenges in market capitalization, revenue growth, and financial performance metrics such as ROE and ROA, but has a strong net margin and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:00 pm

RSG

Analyst ratings for Republic Services (NYSE:RSG) have been updated, with 13 analysts offering a mix of bullish to bearish perspectives. The average 12-month price target has risen to $196.54, up 10.51% from the previous $177.85. Analysts from firms like Citigroup, Goldman Sachs, and UBS have raised their price targets, reflecting a positive outlook on RSG's financial performance, including revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:00 pm

MSTR

MicroStrategy's stock is trading lower following the announcement of the pricing for its offering of convertible senior notes. This move indicates the company is seeking to raise capital, potentially diluting existing shareholders or indicating financial strategy shifts.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:30 pm