Author: Robyn Carmichael

  • What Is Being Watched: Coty Inc., Cadence Design Systems (NASDAQ:CDNS), Prologis (NYSE:PLD), Mid-Con Energy Partners, LP (NASDAQ:MCEP), MPLX LP (NYSE:MPLX)

    Coty Inc. (NYSE:COTY) shares fell -4.23% in last trading session and ended the day at $26.71. COTY Gross Margin is 60.30% and its has a return on assets of 5.60%. Coty Inc. (NYSE:COTY) quarterly performance is -4.22%.

    Morgan Stanley downgraded shares of Coty Inc (NYSE:COTY) from an equal weight rating to an underweight rating in a report published on Monday, The Fly reports. The firm currently has $26.00 price target on the stock, down from their prior price target of $31.00.

    Cadence Design Systems Inc. (NASDAQ:CDNS) ended the last trading day at $21.09. Company weekly volatility is calculated as 2.12% and price to cash ratio as 8.82. Cadence Design Systems Inc. (NASDAQ:CDNS) showed a weekly performance of -2.59%.

    On 8 December, Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that the Dynamic Speaker Management (DSM™) software from Maxim Integrated Products, Inc. has been ported and optimized to efficiently run on Cadence® Tensilica® HiFi Audio/Voice digital signal processors (DSPs)

    On 11 December, Prologis, Inc. (NYSE:PLD) shares fell -1.38% and was closed at $41.41. PLD EPS growth in last 5 year was 20.90%. Prologis, Inc. (NYSE:PLD) year to date (YTD) performance is -1.01%.

    The Board of Directors of Prologis, Inc. (NYSE:PLD), declared a regular cash dividend for the quarter ending December 31, 2015: A dividend of $0.40 per share of the company’s common stock, payable December 31, 2015, to common stockholders of record at the close of business on December 15, 2015; and A dividend of $1.0675 per share of the company’s 8.54% Series Q Cumulative Redeemable Preferred Stock, payable December 31, 2015, to Series Q stockholders of record at the close of business on December 18, 2015.

    Mid-Con Energy Partners, LP (NASDAQ:MCEP) shares fell -2.29% in last trading session and ended the day at $1.28. MCEP Gross Margin is 69.20% and its has a return on assets of -8.60%. Mid-Con Energy Partners, LP (NASDAQ:MCEP) quarterly performance is -45.06%.

    Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the “Partnership”) announces completion of its fall 2015 borrowing base redetermination. The new $190 million borrowing base became effective on November 30, 2015 and includes monthly commitment reductions of $2.5 million through the Partnership’s next regularly scheduled bi-annual redetermination, which is expected to occur on or about May 1, 2016.

    MPLX LP (NYSE:MPLX) caters to the Basic Materials space. It has a net profit margin of 25.50% and weekly performance is -1.59%. On the last day of trading company shares ended up at $30.34. MPLX LP (NYSE:MPLX) distance from 50-day simple moving average (SMA50) is -21.02%.

    On December 4, 2015, MPLX LP, (NYSE:MPLX) entered into a loan agreement (the “Loan Agreement”) with MPC Investment LLC, a Delaware limited liability company (“MPC Investment”). Under the terms of the Loan Agreement, MPC Investment will make a loan or loans (the “Loan”) to MPLX on a revolving basis as requested by MPLX and as agreed to by MPC Investment, in an amount or amounts that do not result in the aggregate principal amount of all loans outstanding exceeding $500 million at any one time. The entire unpaid principal amount of the Loan, together with all accrued and unpaid interest and other amounts, shall become due and payable on December 4, 2020. MPC Investment may demand payment of all or any portion of the outstanding principal amount of the Loan, together with all accrued and unpaid interest and other amounts, at any time prior to December 4, 2020.