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TPET

Trio Petroleum Corp (NYSE American: TPET) provided an update on its Asphalt Ridge Project in Uintah County, Utah. The company reported encouraging initial results from production testing with a downhole-heater at the 2-4 well and plans to use a more powerful heater. First oil production is expected in August-September 2024, with the drilling of a third well planned for the same period. The option period to acquire the remaining 17.75% working interest has been extended to October 10.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:55 pm

CRK

INTC

PBF

Insiders have made significant purchases in Comstock Resources, Intel, and PBF Energy, indicating confidence in these companies despite recent financial challenges. Notable trades include Jerral W. Jones buying $21.03M worth of Comstock Resources shares, Intel CEO Patrick P Gelsinger purchasing $251,946 worth of Intel shares, and Control Empresarial de Capitales S.A. de C.V. acquiring $5.4M worth of PBF Energy shares.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 12:55 pm

MNST

Monster Beverage Corporation (NASDAQ:MNST) reported weaker-than-expected Q2 results, missing both earnings and sales estimates. Analysts have subsequently lowered their price targets for the company. The stock fell 0.5% following the announcement.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 12:55 pm

SBFM

Trading halt status for SBFM was updated at 8:55:00 AM ET. The halt was due to pending news, and trading is expected to resume shortly.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:55 pm

EBIT

MUR

VTWV

Murphy Oil Corp (NYSE:MUR) reported Q2 adjusted earnings per share of 81 cents, surpassing the consensus of 74 cents. Revenues were $802.77 million, slightly below the consensus of $813.46 million. The company repurchased $56 million of stock and announced a quarterly dividend of 30 cents per share. Murphy Oil also raised its share repurchase authorization by $500 million. The company expects Q3 net production of 181.5 to 189.5 MBOEPD. Investors can gain exposure to the stock via Harbor ETF Trust Harbor AlphaEdge Small Cap Earners ETF (NYSE:EBIT) and Vanguard Russell 2000 Value ETF (NASDAQ:VTWV).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 12:54 pm

SNCR

Synchronoss Technologies shares are trading higher due to continued momentum following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:53 pm

TNC

Tennant Company has revised its FY24 adjusted EPS outlook to a range of $6.15 to $6.55, down from the previous range of $6.05 to $6.65. The new outlook is below the estimated $6.61.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:52 pm

CRON

Cronos Group Inc. (NASDAQ:CRON) reported a 46% year-over-year increase in Q2 2024 net revenue, reaching $27.8 million, the highest on record. The company saw significant growth in Canada, Israel, Germany, and initiated sales in the UK. Despite an operating loss of $15.6 million, this was an improvement from the previous year's $20.6 million. Shares traded 3.6% higher in pre-market.

Portfolio Pulse from Jelena Martinovic

August 08, 2024 | 12:51 pm

TRML

Tourmaline Bio (NASDAQ:TRML) reported a Q2 2024 adjusted EPS of $(0.68), beating the analyst consensus estimate of $(0.71) by 4.23%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:51 pm

TNC

Tennant Company has raised its FY24 net sales outlook to a range of $1.280 billion to $1.305 billion, up from the previous range of $1.270 billion to $1.295 billion. This new guidance is above the consensus estimate of $1.277 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:50 pm