On Tuesday, Shares of Exelixis, Inc. (NASDAQ:EXEL), added 0.89% and closed at $12.47 in the last trading session. The last trading range of the stock ranges between $12.08 and $12.72. The company’s Market capitalization is $3.71 Billion with the total Outstanding Shares of 286.46 million. Exelixis, Inc. (EXEL) recently declared that Michael M. Morrissey, Ph.D., the company’s President and Chief Executive Officer, will provide an overview of the company at Stifel’s 2016 Healthcare Conference taking place November 15-16 in New York. The Exelixis presentation is planned for 11:45 AM EST/8:45 AM PST on Tuesday, November 15, 2016.
The presentation will be webcast live and may be accessed via the Event Calendar page under Shareholders & Media. Please connect to the company’s website at least 15 minutes before the presentation to ensure adequate time for any software download that may be require to listen to the webcast. A replay will also be available at the same location for 14 days.
Rice Energy Inc (NYSE:RICE), subtract -4.74% and closed at $21.52 in the last trading session. The last trading range of the stock ranges between $21.49 and $23.59. The company’s Market capitalization is $4.51 Billion with the total Outstanding Shares of 202.59 million. Rice Midstream Partners LP (RMP) (“RMP” or the “Partnership”) recently stated third quarter 2016 financial and operating results. Highlights to date include:
Average throughput of 957 MDth/d, a 43% increase over the prior year quarter and a 2% increase relative to second quarter 2016
Net income of $25 million; net cash offered by operating activities of $34.8 million
Adjusted EBITDA(1) of $32.1 million, a 106% increase over the prior year quarter
Distributable cash flow (“DCF”)(1) of $28.9 million, resulting in DCF coverage ratio of 1.17x(2)
Accomplished $600 million acquisition of midstream assets and acreage dedication covering 80,000 core dry gas Marcellus acres in Greene County, Pennsylvania in October
Accomplished private placement of 20,930,233 common units for $450 million of gross proceeds in October
Raised revolving credit facility to $850 million from $450 million in October
Raised core acreage dedication by 67% to about 201,000 acres(3)
Raised third quarter distribution to $0.2370 per common unit, a boost of 22% over the prior year quarter and 6% relative to second quarter 2016
Exited the quarter with strong liquidity position of $687 million(4) and low leverage ratio of net debt to LTM Adjusted EBITDA of 1.2x(4)(5)