Wells Fargo downgraded the Broadcast TV sector to Market Weight from Overweight and cut Gray Television, Inc. (NYSE:GTN), LIN Media (LIN), Nexstar (NXST) and Sinclair Broadcast (SBGI) to Market Perform from Outperform. Wells expects future and pending mergers and acquisitions to be on hold due to a more negative regulatory environment, which it expects to limit share upside. Gray Television, Inc. (NYSE:GTN) shares after opening at $9.93 moved to $10.39 on last trade day and at the end of the day closed at $10.37. Company price to sales ratio in past twelve months was calculated as 1.57 and price to cash ratio as 13.71. Gray Television, Inc. (NYSE:GTN) showed a positive weekly performance of 7.68%.
Gastar Exploration Inc. (NYSE MKT: GST) announced that the applicable provincial securities commissions in Canada have issued a decision (the “Decision”) which has the effect of granting Gastar continued exemptive relief from the disclosure requirements contained in Canada’s National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101”). Gastar obtained similar exemptive relief in December 2011, but was required to obtain the current Decision as a result of the facts underlying the original exemptive relief changing due to Gastar’s recent migration out of Canada to Delaware. GASTAR EXPLORATION, INC. (NYSEMKT:GST) shares advanced 6.84% in last trading session and ended the day on $5.47. GST return on equity ratio is recorded as 68.60% and its return on assets is 12.50%. GASTAR EXPLORATION, INC. (NYSEMKT:GST) yearly performance is 172.14%.
Capstone Turbine Corporation (NASDAQ:CPST) added 5.97%, rising again after the turbine manufacturer received multiple orders for its MicroT urbines from E-Finity Distribution Generation. Capstone Turbine Corporation (NASDAQ:CPST) shares moved up 5.97% in last trading session and was closed at $2.13, while trading in range of $ 2.01 – 2.15. Capstone Turbine Corporation (NASDAQ:CPST) year to date (YTD) performance is 65.12%.
Talmer Bancorp Inc (NASDAQ:TLMR), which went public on Feb. 12, broke out above a 14.25 buy point of a flat base Monday in huge volume. Talmer, based in Troy, Mich., operates branches in five Midwestern states as well as in Nevada and New Mexico. Profit jumped 800% in Q2 of 2013, then rose 67% and 64% in the next two quarters. Revenue growth was also strong over that period, rising 156%, 51% and 49%. Talmer Bancorp Inc (NASDAQ:TLMR) weekly performance is 6.63%. On last trading day company shares ended up $14.64. Talmer Bancorp Inc (NASDAQ:TLMR) distance from 50-day simple moving average (SMA50) is 6.56%. Analysts mean target price for the company is $16.00
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