Trending Stocks in Focus: MeetMe Inc (NASDAQ:MEET), Principal Financial Group Inc (NYSE:PFG), Kosmos Energy Ltd (NYSE:KOS)

On Wednesday, Shares of MeetMe Inc (NASDAQ:MEET), added 0.41% and closed at $4.84 in the last trading session. The last trading range of the stock ranges between $4.60 and $4.90. MeetMe, Inc. (MEET), a public market leader for social discovery, recently stated financial results for its third quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights

Total revenue raised 20% year over year to a third quarter record $17.2 million.

Mobile revenue raised 39% year over year to $16.0 million.

Adjusted EBITDA raised 31% year over year to $6.9 million. (See the important negotiation about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measure, below.)

Adjusted EBITDA margin raised to 40%, up from 37% in the third quarter of 2015.

GAAP net income raised 316% year over year to $4.4 million, or $0.07 per diluted share.

Non-GAAP net income raised 30% year over year to $6.2 million, or $0.10 per diluted share.

Cash and Cash Equivalents totaled $46 million at September 30, 2016, a boost of 43% or $13.9 million from $32.1 million at June 30, 2016.

Principal Financial Group Inc (NYSE:PFG), jumped 2.95% and closed at $56.10 in the last trading session. The last trading range of the stock ranges between $54.67 and $56.20. The company’s Market capitalization is $16.19 Billion with the total Outstanding Shares of 287.68 million. Principal Financial Group, Inc. (PFG) (the “Company” or “Principal”) recently declared the pricing and expiration of its formerly declared individual tender offers (the “Tender Offers”) to purchase for cash any and all of its outstanding 1.850% Senior Notes due 2017 (the “1.850% Notes”) and any and all of its outstanding 8.875% Senior Notes due 2019 (the “8.875% Notes” and, together with the 1.850% Notes, the “Notes”).

The Tender Offers were made following the terms and conditions set forth in the offer to purchase, dated November 3, 2016, and the related letter of transmittal and notice of guaranteed delivery (as they may each be amended or supplemented from time to time, the “Tender Offer Documents”), to purchase for cash any and all of the Notes. The Company refers shareholders to the Tender Offer Documents for the complete terms and conditions of the Tender Offers.

Kosmos Energy Ltd (NYSE:KOS), gained 4.11% and closed at $4.81 in the last trading session. The last trading range of the stock ranges between $4.57 and $4.86. During the 52-week trading session the minimum price at which share price traded, registered at $3.17 and reached to max level of $7.76. Kosmos Energy Ltd. (“Kosmos”) (KOS) declared recently financial and operating results for the third quarter of 2016. For the third quarter of 2016, the Company generated a net loss of $59.8 million, or $0.15 per diluted share as contrast to net income of $60.3 million or $0.15 per share in the same period last year. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $36.5 million or $0.09 per diluted share for the third quarter of 2016.

Commenting recently, Andrew G. Inglis, chairman and chief executive officer, said:

“With the delivery of first oil from the TEN project and progress toward restoring full operating capability at Jubilee, our asset in Ghana has reached an important inflection point. We are now generating the free cash flow that will facilitate Kosmos to continue to grow organically. In addition, the quality of our exploration portfolio has never been stronger. Following our world-class gas discoveries offshore Mauritania and Senegal, we are presently designing a multi-well drilling program, to begin mid-2017, that we believe will target some of the leading un-drilled exploration prospects identified along the Atlantic Margins.”

Leave a Reply

Your email address will not be published. Required fields are marked *