Analysts updated their price targets on Global Industries, Ltd. (NASDAQ: GLBL), Interline Brands, Inc. (NYSE: IBI), Paychex, Inc. (NASDAQ: PAYX), Transocean (NYSE: RIG) and Southern Union (NYSE: SUG).
Barclays Capital cut their price target on Global Industries, Ltd. (GLBL) from $9.00 to $7.00. They have an “equal weight” rating on the company.
Barclays Capital cut their price target on Interline Brands, Inc. (IBI) from $24.00 to $22.00. They have an “underweight” rating on the company.
Barclays Capital raised their price target on Paychex, Inc. (PAYX) from $30.00 to $32.00. They have an “equal weight” rating on the company.
UBS AG (NYSE:UBS) cut their price target on Transocean (RIG) from $88.00 to $85.00. They have a “buy” rating on the company.
Barclays Capital raised their price target on Southern Union (SUG) from $28.00 to $30.00. They have an “overweight” rating on the company.
Showing posts with label Southern Union. Show all posts
Showing posts with label Southern Union. Show all posts
Tuesday, May 10, 2011
Monday, February 28, 2011
Southern Union (SUG) Profits Surge 10 Percent in 4Q
Natural gas company Southern Union Co. (NYSE:SUG) said Friday its fourth-quarter profit increased nearly 10 percent, fueled by higher revenue at its transportation and storage and distribution segments.
Management said it expects its business segments to produce solid results this year.
The company reported net income of $55.9 million, or 45 cents a share, for the three months ended Dec. 31. That compares with net income of $51 million, or 41 cents a share, a year earlier.
Excluding special items, Southern Union's earnings amounted to 53 cents a share, the company said.
Revenue jumped to $670.3 million from $603.7 million a year earlier.
For the full year, Southern Union posted net income of $216.2 million, or $1.73 a share, compared with net income of $170.9 million, or $1.37 a share, in 2009. Revenue rose to $2.5 billion from $2.2 billion.
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Management said it expects its business segments to produce solid results this year.
The company reported net income of $55.9 million, or 45 cents a share, for the three months ended Dec. 31. That compares with net income of $51 million, or 41 cents a share, a year earlier.
Excluding special items, Southern Union's earnings amounted to 53 cents a share, the company said.
Revenue jumped to $670.3 million from $603.7 million a year earlier.
For the full year, Southern Union posted net income of $216.2 million, or $1.73 a share, compared with net income of $170.9 million, or $1.37 a share, in 2009. Revenue rose to $2.5 billion from $2.2 billion.
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