July 17, 2017

Sustainable Hot Stocks: Depomed, Inc. (NASDAQ:DEPO), American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), Callon Petroleum Company (NYSE:CPE)

Depomed, Inc. (NASDAQ:DEPO) announced that it is seeking to refinance its existing $375 million principal amount of privately placed secured Senior Notes. The existing notes are due in 2022 and have a coupon of 9.75% over three-month LIBOR (currently 1.30%). The existing note financing was provided by Deerfield and Pharmakon Advisors, LP. The consummation and actual terms of the proposed refinancing are subject to a number of factors, including market conditions, negotiation and execution of definitive agreements and satisfaction of customary closing conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms of the refinancing.

Depomed, Inc. (NASDAQ:DEPO)’s stock on Friday traded at beginning with a price of $10.87 and when day-trade ended the stock finally plunged -0.37% to reach at $10.80. Analyst’s mean target price for DEPO is $14.44 while analysts mean recommendation is 2.40. Stock value has moved between $9.39 – 27 in last one year.

Analyst’s ratings play a very important role in outlining a stock’s performance. Let us check out how analysts have ranked DEPO based on current scenarios. Stock has got OUTPERFORM rating from 3 analyst(s) whereas last month 3 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 1 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for DEPO and estimated EPS for next quarter is $0.18.

Depomed, Inc. (NASDAQ:DEPO) yearly performance is -42.92% and net profit margin is -21.40%. Annual EPS Growth of past 5 years is -25.80%. The current share price indicates that stock is -60.03% away from its one year high and is moving 15.14% ahead of its 52-week low.

On 14 July 2017, American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) stock price started the day at $16.67 and moved between $16.40 – 16.91 to finally close at $16.90. AXL’s distance from 20 day simple moving average is 10.39% and distance from 50-Day simple moving average is 6.45%. In last 4 months performance of AXL was 1.32% while its price to sale ratio is 0.47 and price to book ratio is 2.04.

Analysts expect American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to report $ 0.70 EPS and has got OUTPERFORM rating from 2 of Thomson Reuters analysts and 3 analyst(s) given UNDERPERFORM rating. Analyst’s mean target price for AXL is $17.91 while analysts mean recommendation is 2.80. Firm LT growth rate is estimated as -6.05 %.

Callon Petroleum Company (NYSE:CPE)‘s stock on Friday traded at beginning with a price of $10.71 and when day-trade ended the stock finally surged 0.93% to reach at $10.80. Analyst’s mean target price for CPE is $17.81 while analysts mean recommendation is 1.80. Stock value has moved between $9.64 – 18.62 in last one year.

Stock has got OUTPERFORM rating from 12 analyst(s) whereas last month 14 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 9 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for CPE and estimated EPS for next quarter is $ 0.14 .

Callon Petroleum Company (NYSE:CPE) yearly performance is -8.55% and net profit margin is -4.30%. Annual EPS Growth of past 5 years is -18.00%. The current share price indicates that stock is -41.72% away from its one year high and is moving 12.15% ahead of its 52-week low.

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