Molina Healthcare Offers Senior Notes

Molina Healthcare Offers Senior Notes

Molina Healthcare, a provider of managed health care services, said pre-market Monday that it seeks to privately offer $330 million of senior notes due 2025. The initial purchasers will offer the notes only to persons reasonably believed to be “qualified institutional buyers.” The notes will be guaranteed by each of the company’s existing and future direct and indirect domestic unregulated subsidiaries that guarantee the company’s existing revolving credit facility. As […]

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ViewRay Shares Rise

ViewRay Shares Rise

ViewRay shares rose 6% on Monday after the company said it presented “compelling early pancreatic cancer data” on its MRIdian radiation therapy system. The company said early results illustrated MRIdian’s ability to “deliver high doses with low toxicity, despite the proximity of the duodenum, through the use of daily plan adaptation and real-time tracking.” The company said that based on these data, it plans to support a multi-institutional single-arm prospective […]

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Cimarex Energy Q1 Earnings, Revenues Beat Street

Cimarex Energy Q1 Earnings, Revenues Beat Street

Cimarex Energy Co, an oil and gas exploration and production company, reported adjusted Q1 net income of $1.05 per share, compared to a loss of $0.28 per share for the year-ago quarter, and easily beating the Capital IQ consensus forecast of $0.87. Revenues for the quarter were $447.2 million, up from $240.6 million for the same period last year, and ahead of the analyst forecast of $423.6 million. Cimarex has […]

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Shell Midstream Partners To Buy Oil Pipelines From Royal Dutch Shell

Shell Midstream Partners To Buy Oil Pipelines From Royal Dutch Shell

Shell Midstream Partners reported pre-market Friday it agreed to buy a 100% interest in the Refinery Gas Pipelines, Delta Pipeline and Na Kika Pipeline for $630 million from wholly owned subsidiaries of Royal Dutch Shell (RDS.A, RDS.B). Shell Midstream noted the acquisition price reflects an 8.4-times multiple of the pipelines’ forecasted next 12 months adjusted earnings before interest, taxes, depreciation and amortization and is expected to be immediately accretive to […]

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Huron Consulting Beats Q1 Estimates

Huron Consulting Beats Q1 Estimates

Huron Consulting Group reported pre-market Monday Q1 EPS of $0.55, compared to $0.62 for the same period last year. This beat the $0.54 Capital IQ consensus. Revenue for the quarter came in at $188.8 million, versus $180.5 million last year. This was higher than the $177.1 million Capital IQ estimate. The company continues to expect FY17 revenue in a range of $750.0 million to $790.0 million. The Street is at […]

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