Latest news for Tesmec (OTC:TSMCF) Stock

Tesmec SpA manufactures and sells products, technologies, and integrated solutions for the construction, maintenance, and efficiency of infrastructures. related to the transport and distribution of energy, data, and material (oil and derivatives, gas, water) like overhead and underground networks, traditional and high-speed railway lines, energy cables, and pipelines. Its operating segments are the Energy segment, the Trencher segment, and the Rail segment. The majority of the company's revenue is generated from the Trencher segment.

Tesmec SpA

Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) reported second-quarter FY24 revenue of $3.57 billion, missing the <a href="https://www.benzinga.com/pressreleases/24/07/b39825109/kinder-morgan-reports-second-quarter-2024-financial-results" target="_blank" rel="noreferrer noopener">consensus of $4.12 billion</a>.
Natural Gas Pipelines segment saw improved financial performance Y/Y, driven by higher contributions from the Texas Intrastate system and the STX Midstream acquisition.
Also, contributions from the Products Pipelines segment increased Y/Y, aided by higher rates on existing assets and contributions from new capital projects.
In the second quarter, earnings in the Terminals business segment exceeded Y/Y, led by new expansion projects coming online and increased rates and utilization at their New York Harbor hub facilities in liquids terminals.
CO2 business segment earnings, excluding the gain from a divestiture, were down due to lower crude volumes, CO2 sales, and NGL volumes, down 13%, 8%, and 17% respectively, on a net-to-KMI basis.
Adjusted EPS rose 4% Y/Y to&nbsp;$0.25, missing <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$0.26</a>.
The project backlog increased to $5.2 billion by the end of the second quarter of FY24 from $3.3 billion in the first quarter of FY24.
Kinder Morgan anticipates that the remaining $3.8 billion of projects in the backlog will generate an average Project EBITDA multiple of around 5.4 times.
The board of directors approved a cash dividend per share of $0.2875 for the second quarter, payable on August 15, 2024, to stockholders of record as of July 31, 2024.
The company generated cash flow from operations of $1.7 billion and $1.1 billion in free cash flow (FCF) after capital expenditures.
The company plans to allocate around 80% of its project backlog to investments in lower-carbon energy, such as conventional natural gas, renewable natural gas (RNG), renewable diesel (RD), RD feedstocks, sustainable aviation fuel (SAF), and carbon capture and sequestration initiatives.
Richard D. Kinder, Executive Chairman, said, &#8220;As I noted last quarter, we expect demand for natural gas to grow substantially between now and 2030, led by more than a doubling of demand for LNG exports and an almost 50% increase in natural gas exports to Mexico.&#8221;
The company expects to be roughly in-line with its budget for the full year (on budget or within 1-2% below).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38988778/kinder-morgan-acquires-west-texas-oilfield-to-leverage-carbon-capture-incentives-report" rel="noreferrer noopener">Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report</a>
Price Action: KMI shares are up 3.19% at $21.19 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Earnings

Equities

Large Cap

News

Guidance

Kinder Morgan Q2: Earnings Miss, Higher Project Backlog & More

Stifel analyst Nathan Jones maintains ESAB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESAB#NYSE">ESAB</a>) with a Buy and lowers the price target from $130 to $120.

Price Target

Analyst Ratings

ESAB

Stifel Maintains Buy on ESAB, Lowers Price Target to $120

United Airlines Exec Says Demand For Flights To China Is Down Dramatically Versus 2019

Stifel analyst Nathan Jones maintains Dnow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) with a Buy and raises the price target from $16 to $17.

DNOW

Stifel Maintains Buy on Dnow, Raises Price Target to $17

RDZN

Roadzen CEO And Chairman To Exchange $3.5M Of Short-Term Debt For Company Equity

Macro Economic Events

WIIM

Economics

SPDR Dow Jones Industrial Average ETF Trust

Major indexes are lower amid recent weakness in tech stocks.

Trading Ideas

ZVSA

ZyVersa Therapeutics Shares Halted On Circuit Breaker To The Upside, Stock Now Up 7.59%

<ul>
<li>Publication showed that IC 100 suppressed retinal microglia activation by interfering with ASC speck formation, attenuating retinal inflammation, abnormal retinal vascularization, and retinal thinning, and it led to restored retinal function. &nbsp;</li>
<li>Retinopathy of Prematurity (ROP), affecting very low birth weight premature infants is a leading cause of childhood blindness worldwide.
<ul>
<li>ZyVersa is developing Inflammasome ASC Inhibitor IC 100 to inhibit multiple types of inflammasomes and their associated ASC specks that trigger damaging inflammation and its perpetuation and spread to surrounding tissues.</li>
</ul>
</li>
</ul>

Biotech

General

ZyVersa Therapeutics Publish Paper In Angiogensis Peer-Review Journal That Demonstrated Inflammasome ASC Inhibitor IC 100 Restored Retinal Structure And Function In Retinopathy Of Prematurity Animal Model

GPCR

Shares of weight loss stocks are trading lower, possibly on continued weakness following recent weight loss data from Roche, which could cause competition concerns for companies in the space.

United Airlines Exec Says At This Point, Expect Domestic PRASM To Flip To Positive In September

WABC

During The Twelve Months Ending June 30, 2025, Westamerica Bancorporation Expects To Receive $309,000 In Principal Payments From Debt Securities.

Stephens &amp; Co. analyst Terry McEvoy reiterates Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) with a Overweight and maintains $115 price target.

Reiteration

WTFC

Stephens & Co. Reiterates Overweight on Wintrust Finl, Maintains $115 Price Target

Westamerica Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WABC#NASDAQ">WABC</a>) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.30 by 2.31 percent. The company reported quarterly sales of $74.600 million which beat the analyst consensus estimate of $74.040 million by 0.76 percent. This is a 7.88 percent decrease over sales of $80.981 million the same period last year.

Earnings Beats

Westamerica Bancorp Q2 2024 GAAP EPS $1.33 Beats $1.30 Estimate, Sales $74.600M Beat $74.040M Estimate

PDF Solutions's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PDFS#NYSE">PDFS</a>) short percent of float has risen 7.14% since its last report. The company recently reported that it has 527 thousand shares sold short, which is 1.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PDF Solutions Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PDF Solutions has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PDF Solutions's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PDF Solutions's peer group average for short interest as a percentage of float is 7.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

PDFS

Looking Into PDF Solutions's Recent Short Interest

NextEra Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) short percent of float has risen 9.41% since its last report. The company recently reported that it has 38.16 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NextEra Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NextEra Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing NextEra Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NextEra Energy's peer group average for short interest as a percentage of float is 2.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into NextEra Energy's Recent Short Interest

Hartford Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) short percent of float has fallen 8.06% since its last report. The company recently reported that it has 4.38 million shares sold short, which is 1.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hartford Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hartford Finl Servs Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hartford Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hartford Finl Servs Gr's peer group average for short interest as a percentage of float is 2.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Hartford Finl Servs Gr's Recent Short Interest

Barclays analyst Blayne Curtis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and raises the price target from $280 to $330.

NXPI

Barclays Maintains Overweight on NXP Semiconductors, Raises Price Target to $330

Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading higher after it reported second-quarter fiscal year 2024 adjusted revenues of $2.796 billion, beating the consensus of $2.619 <a href="https://s23.q4cdn.com/714267708/files/doc_financials/2024/q2/Blackstone2Q24EarningsPressRelease.pdf" target="_blank" rel="noreferrer noopener">billion</a>. 
Distributable earnings (DE) rose&nbsp;3%&nbsp;Y/Y to&nbsp;$1.25 billion. Fee-related earnings fell&nbsp;3%&nbsp;Y/Y to&nbsp;$1.11 billion.
Fee-related earnings fell&nbsp;18%&nbsp;Y/Y in the Real Estate&nbsp;while rising 29%&nbsp;in the Credit &amp; Insurance business and 1%&nbsp;Y/Y in the Private Equity segments.
Net accrued performance revenue declined to&nbsp;$6.21 billion&nbsp;in the quarter from&nbsp;$6.47 billion&nbsp;in the prior year quarter.&nbsp;
Distributable earnings per share of&nbsp;$0.96 (+3% Y/Y),<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener"> missing the consensus of&nbsp;$0.98</a>.
Asset under management rose&nbsp;7%&nbsp;Y/Y to&nbsp;$1.076 trillion, with inflows of&nbsp;$39.4 billion&nbsp;in the quarter.
Dividend: Blackstone declared a quarterly dividend per share of&nbsp;$0.82, payable on August 5, 2024, to shareholders of record as of July 29, 2024.
Buyback: The company repurchased 2.0 million shares in the&nbsp;second quarter. Blackstone increased share repurchase authorization to $2.0 billion.
"We reported another quarter of strong results, underpinned by nearly $40 billion of inflows and $34 billion of deployment — reflecting the highest level of investment activity in two years,&#8221; Blackstone CEO Stephen A. Schwarzman said.
This week, Blackstone disclosed that private equity funds affiliated with the firm entered into a definitive agreement to acquire Trystar, a premier provider of electrical equipment<a href="https://www.benzinga.com/markets/equities/24/07/39799606/whats-going-on-with-blackstone-shares-today" target="_blank" rel="noreferrer noopener"> used for backup power solutions</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BX stock has gained over 30% in the past year. Investors can gain exposure to the stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Price Action: BX shares are up&nbsp;3.76%&nbsp;to&nbsp;$139.93 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39593979/blackstone-nears-2-2b-deal-for-sale-of-japanese-supplement-maker-alinamin-report" target="_blank" rel="noreferrer noopener">Blackstone Nears $2.2B Deal For Sale Of Japanese Supplement Maker Alinamin: Report</a></li>
</ul>
Image: Shutterstock

Dividends

Blackstone's Strong Q2 Drives Stock Higher: Assets Under Management Up 7%

Crypto trader CrypNuevo shared a detailed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) forecast, predicting a <a href="https://www.benzinga.com/money/bitcoin-price-prediction">bullish mid-term target</a>.
What Happened: CrypNuevo addressed three key questions: the target of a potential retrace, the new CME gap and upside targets.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> update: I&#39;m feeling confident with my plan and I believe that the next natural mid-term target is the range highs. In this analysis, I&#39;ll try to answer these 3 question&#x1f9f5; Q1: What&#39;s the target of a potential retrace? Q2: What about the new CME gap? Q3: Upside targets? <a href="https://t.co/6OjSAw8wK1">pic.twitter.com/6OjSAw8wK1</a>
&mdash; CrypNuevo &#x1f528; (@CrypNuevo) <a href="https://twitter.com/CrypNuevo/status/1813662658866098252?ref_src=twsrc%5Etfw">July 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For a potential retrace, CrypNuevo suggested that many are predicting a retest of the $60,000 range lows, but he believes it&#8217;s less likely to occur. He identified chart targets between $61,500 and $62,500, and liquidity targets at $62,000 and $61,700. By combining these, he proposed an ideal area between $62,500 and $61,700.
Regarding the new CME gap, he stated, "Big CME gaps don&#8217;t necessarily get filled immediately." He cited previous examples where a delay of at least 50 days was common, implying that the current CME gap doesn&#8217;t need to be filled right away.
Addressing his last question, the trader identified the untapped highs between $71,500 and $73,700 as the next natural move. He also mentioned the liquidations at $68,000 as a good first-take profit area for a swing long.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39821600/trump-bitcoin-ethereum-etfs-tokenization-traders-reasons-for-the-most-bullish-crypto-setup">Trump, Bitcoin, Ethereum ETFs, Tokenization: Trader&#8217;s Reasons For The &#8216;Most Bullish Crypto Setup&#8217;</a>
CrypNuevo&#8217;s analysis provides valuable insights into Bitcoin&#8217;s potential movements. His assertion that the CME gap doesn&#8217;t need to be filled immediately could alleviate concerns about a potential immediate drop in Bitcoin&#8217;s price.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39838299/bitcoin-bounce-germanys-bitcoin-supply-hits-zero-markets-react">Bitcoin Bounce: Germany&#8217;s Bitcoin Supply Hits Zero, Markets React</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Latest news for Tesmec (OTC:TSMCF) Stock