Latest news for Calima Energy (OTC:CLMEF) Stock

Calima Energy Ltd is an oil and gas company. The company and its subsidiaries invest in oil and gas exploration and production projects. The company primarily focuses on finding and developing new projects. Its projects include Brooks, Thorsby, and Montney. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada.

CLMEF

CLMEF: An Energy Company with an Enticing Yield

CALIMA ENERGY LTD NEW by Calima Energy Ltd.

Calima Energy Ltd

Earnings

News

PMEC

Primech Holdings FY24 Revenue $72.5M, Up 5.1% YoY, Contracted Revenues As Of Mar 31 Were $144.4M

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.18 by 61.11 percent. This is a 35.56 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $19.30 million which beat the analyst consensus estimate of $17.20 million by 12.19 percent. This is a 8.27 percent increase over sales of $17.82 million the same period last year.

LCNB

LCNB Q2 Adj $0.29 Beats $0.18 Estimate, Sales $19.30M Beat $17.20M Estimate

Small Cap Consumer Research analyst Eric Beder reiterates Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) with a Buy and maintains $37 price target.

Price Target

Reiteration

Analyst Ratings

Small Cap Consumer Research Reiterates Buy on Guess, Maintains $37 Price Target

U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 200 points on Wednesday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">second-quarter results</a>.
Tesla reported second-quarter revenue of $25.5 billion, up 2% year-over-year. The revenue total beat a Street consensus estimate of $24.73 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported earnings per share of 52 cents in the second quarter, down 43% year-over-year. The earnings per share missed a Street consensus estimate of 62 cents per share.
The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively.
Tesla shares dipped 7.2% to $228.56 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Wheels Up Experience Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares dipped 9.8% to $3.00 in pre-market trading. Wheels Up Experience will release its second quarter financial results on Thursday, Aug. 8.</li>
<li>SFL Corporation Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>) shares fell 9.3% to $12.65 in pre-market trading after the company announced an offering of 8 million common shares.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares declined 7.5% to $8.70 in pre-market trading after gaining 7% on Tuesday.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) shares fell 7.5% to $15.77 in pre-market trading following second-quarter earnings.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) shares declined 6.9% to $4.30 in pre-market trading after the company announced the departure of CCO Anil Kapur.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) shares fell 5.8% to $15.00 in pre-market trading.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) shares declined 3.2% to $176.00 in pre-market trading. Alphabet reported upbeat earnings and sales results for its second quarter on Tuesday. The company also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9.</li>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares fell 3% to $256.94 in pre-market trading following third-quarter results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39924560/us-stocks-end-lower-as-investor-optimism-decreases-ahead-of-big-tech-earnings">US Stocks End Lower As Investor Optimism Decreases Ahead Of Big Tech Earnings</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

GERN

GOOGL

SERV

TSLA

Tesla Posts Weak Earnings, Joins Visa, Deutsche Bank And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSBR#NYSE">BSBR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.16 by 37.5 percent. This is a 29.41 percent increase over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $3.825 billion which beat the analyst consensus estimate of $3.556 billion by 7.58 percent. This is a 66.65 percent decrease over sales of $11.470 billion the same period last year.

Earnings Beats

BSBR

Banco Santander Q2 2024 GAAP EPS $0.22 Beats $0.16 Estimate, Sales $3.825B Beat $3.556B Estimate

FLEX

Flex Says It Has Initiated An Executive Search Process To Identify A Permanent CFO

Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today announced that Gaxos Health has finalized partnerships with premier testing laboratories.

GXAI

Gaxos Health Announces Strategic Partnerships With Leading Testing Laboratories, To Optimize Human Performance By Providing Customized Health And Wellness Plans As Well As Coaching Through Science And Technology

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>)</h3>
<ul>
<li>Dividend Yield: 3.96%</li>
<li>B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $64 to $62 on July 10. This analyst has an accuracy rate of 69%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $59 to $66 on May 3. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: Kellanova will issue its second quarter financial results on Thursday, Aug. 1.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's real-time newsfeed</a> alerted to latest Kellanova news</li>
</ul>
<h3 class="wp-block-heading">Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)</h3>
<ul>
<li>Dividend Yield: 4.75%</li>
<li>Stifel analyst Matthew Smith maintained a Buy rating and raised the price target from $108 to $115 on April 24. This analyst has an accuracy rate of 60%.</li>
<li>Argus Research analyst David Colemandowngraded the stock from Buy to Hold on March 5. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On July 23, Philip Morris International reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in PM's stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>Dividend Yield: 7.98%</li>
<li>Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 60%.</li>
<li>Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: Altria Group will report its second-quarter and first-half business results on July 31.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in MO shares</a>.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Dividends

Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields

Stock Split

SPGC

Sacks Parente Announces 1-For-10 Reverse Stock Split, Effective Jul. 30

Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for official unveiling and launch in New York at the end of October 2024.

FLYE

Fly-E Group To Launch The DP, EK PRO, And DT, Are Scheduled For Official Unveiling And Launch In New York At The End Of October 2024.

Flex Says Paul Lundstrom Will Step Down As Chief Financial Officer Effective July 31, Jaime Martinez Will Assume The Role Of Interim Chief Financial Officer

Stifel analyst Benjamin Nolan maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $22 to $24.

Stifel Maintains Buy on Ardmore Shipping, Raises Price Target to $24

Needham analyst Ami Fadia reiterates Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold.

SAGE

Needham Reiterates Hold on Sage Therapeutics

AMSC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>), a&nbsp;leading system provider of megawatt-scale power resiliency solutions that&nbsp;orchestrate&nbsp;the rhythm and harmony of power on the grid&#x2122;, and protect and expand the capability of our Navy's fleet, today announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India's premium wind turbine manufacturer. AMSC expects to ship most of these ECS over the course of fiscal year 2024.

Contracts

AMSC

AMSC Receives $12M Wind Turbine Electrical Control System Follow-On Order From Inox Wind

Guidance

Flex Sees FY25 Revenues Of $25.4B-$26.4B Vs. $25.78B Estimate, Company Sees Adjusted EPS Of $2.30-$2.50 Vs. $2.38	Estimate

Stifel analyst Selman Akyol maintains Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) with a Buy and raises the price target from $23 to $25.

AROC

Stifel Maintains Buy on Archrock, Raises Price Target to $25

Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), the nation's leading provider of clean energy as a subscription service, is now operating the nation's first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland's largest utility, Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>), the regulator-approved initiative utilizes all-electric Ford F-150 Lightning trucks to deliver power to owners' homes this summer during peak demand times to support Maryland's power grid.

Global

Sunrun Launches Vehicle-To-Home Grid Support In Maryland Using Ford F-150 Lightning Trucks

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.32 by 3.13 percent. This is a 19.51 percent decrease over earnings of $0.41 per share from the same period last year.

FMNB

Farmers National Banc Q2 EPS $0.33 Beats $0.32 Estimate

Flex Sees Q2 Revenues Of $6.2B-$6.8B Vs. $6.27B Estimate, Company Sees Adjusted EPS Of $0.52-$0.60 Vs. $0.55 Estimate

<ul>
<li>Agreement establishes Charles River as the preferred partner for Autobahn Labs, leveraging drug discovery and development capabilities to accelerate the translation of academic discoveries into novel therapeutics</li>
<li>Under the agreement, Charles River will make an equity investment in Autobahn Labs</li>
<li>Justin Bryans, Chief Scientific Officer, Discovery at Charles River, named to Autobahn's Board of Directors</li>
</ul>

Charles River And Autobahn Labs Establish Partnership To Accelerate Academic Discoveries Into Novel Therapeutics; Charles River To Make Equity Investment In Autobahn Labs; Chief Scientific Officer Justin Bryans Named To Autobahn's Board Of Directors

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has announced that a new substantial holder has acquired a 9.95% voting intere...

Calima Energy Welcomes New Major Shareholder

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd (CE1.AS) has announced that Harvest Lane Asset Management and its associated e...

Calima Energy Ownership Shifts as Major Holder Exits

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Limited has announced that the Fred Bart Group, comprising Fred Bart, 4F Investmen...

Fred Bart Group Acquires Major Stake in Calima Energy

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has announced that Mr. Thomas Clement Bahen has become a substantial holder in...

Calima Energy Welcomes New Major Investor

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has announced that Mr. Daniel John Bahen has become a substantial holder in th...

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has reported a significant change in the ownership structure, with substantial...

Calima Energy Sees Major Shareholder Ups Stake

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has experienced a notable change in shareholding, with a substantial holder, M...

Calima Energy Stakeholder Ups Share to 8.27%

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Limited has announced the resignation of Lonny Tetley following the company's dive...

Calima Energy Announces Director Resignation

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has announced that Dr. Robert Brown and Mrs. Joan Brown have become substantia...

Calima Energy Welcomes New Major Shareholders

Calima Energy Ltd (AU:CE1) has released an update. Calima Energy Ltd has announced a share buy-back program targeting holders of ‘unmarketable parc...

Calima Energy Initiates Share Buy-Back Program

Calima Energy

By <a href="https://scr.zacks.com/analyst-bios/person-details/default.aspx?ItemId=c9477f93-8bd2-4293-9461-8d809f2a916c">Brad Sorensen, CFA</a>

<stock_ticker>OTC:CLMEF</stock_ticker>

Calima Energy (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLMEF#OTC">CLMEF</a>) announced that the company's Q2/Q3 drilling program was completed successfully and within budget—bring five new wells into production. This announcement bolsters our confidence in the ability of Calima to continue to return cash to shareholders. At the recent price of Calima at around $0.10 per share, the stock is currently yielding a robust 8%+, while also conducting a share buyback program. With solid and growing energy resources and a solid management team that has proven itself to be able to handle the volatile energy market with skill, having the opportunity to invest in a stock that has a yield of over 8% is worth a look, especially in the current uncertain market environment. 

Details of the Drilling Program

Calima Energy announced that the four well drilling campaign in its Brooks formation were successfully completed. The first, known as Pisces #4 is a follow up to one the company's most productive wells and early results show the well meeting expectations. Pisces #5 is also a follow-up well that has produced 86,000 barrels of oil and 0.8 bcf of gas since 2014 and the company expect the new well to outperform the old one based on initial production data. 

Wells three and four, known as Gemini #8 and #9, targeted the Sunburst Formation in two known pools. Production thus far from these wells is slightly below the Sunburst type curve but overall production from the Gemini program continues to be above type curve—confirming the productive characteristics of the wells in the Sunburst formation. 

The well known as Leo #4 was drilled in the Sparky Formation and management notes that production-to-date has been encouraging in this new area but firm information on the capabilities of the well are yet to be realized as the company continues to optimize the pumping parameters of the well. 

 <img src="//s27.q4cdn.com/906368049/files/pictures/2022/09092022_CLMEF_1.png" style="width: 550px;" />

Further details for these projects can be found at the company's website (<a href="https://app.sharelinktechnologies.com/announcement/asx/2fb2ef92aecd4a7c40068d5a4ffafcd4">https://app.sharelinktechnologies.com/announcement/asx/2fb2ef92aecd4a7c40068d5a4ffafcd4</a>).

We continue to believe that Calima Energy is underpriced and encourage investors looking for cash flow from a company with solid energy assets whose productivity is growing to consider CLMEF.

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Calima Energy

News

Latest news for Calima Energy (OTC:CLMEF) Stock

Wednesday, September 14, 2022