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HomeBusiness NewsTarga Resources Corp. (NYSE:TRGP) Starts An Underwritten Public Donation Of 3,250,000 Shares-...

Targa Resources Corp. (NYSE:TRGP) Starts An Underwritten Public Donation Of 3,250,000 Shares- Artesian Resources (NASDAQ:ARTNA), Xunlei Limited (NASDAQ:XNET)

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Targa Resources Corp. (NYSE:TRGP) proclaimed lately that it has started an underwritten public donation of 3,250,000 shares of its common stock. The Company also intends to grant a 30-day option to the underwriter to purchase up to an additional 487,500 shares of common stock. The Company intends to use the net proceeds from this offering, including any net proceeds from the underwriter’s exercise of its option to purchase additional shares of common stock, to repay a portion of the outstanding borrowings under the Company’s credit facility, to make a capital contribution of approximately $53.0 million to Targa Resources Partners LP to maintain the Company’s 2% general partnership interest in the Partnership and for general corporate purposes. The offering is being made pursuant to an effective shelf registration statement on Form S-3 and prospectus filed by the Company with the Securities and Exchange Commission on March 11, 2015. Prospective investors should read the prospectus included in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering of the common stock. Shares of Targa Resources Corp. (NYSE:TRGP) traded at $94.41 by plunging -1.72% with price volatility of 2.53% for a week and 3.23% for a month. Its beta stands at 1.29 times.

Artesian Resources Corp. (NASDAQ:ARTNA) lately reported revenue for 2014. Revenues were $72.5 million, up 4.9% from $69.1 million in 2013. Net income increased 14.6% to $9.5 million, compared to $8.3 million last year. Diluted net income per common share was up 13.8% at $1.07 for 2014 compared to $0.94 for 2013. Improved water sales revenue and a decrease in legal expenses associated with the litigation against the Chester Water Authority drove the increase in net income and earnings per share. “Our improved financial results are not only due to increases in utility revenues but also our success in restraining growth of operating expenditures,” said Dian C. Taylor, Chair, President and CEO. Artesian Resources Corp. (NASDAQ:ARTNA) stock has highest price of $20.73 in last session, beginning with a price of $20.45 and reported a decrease of -2.34% to the closed at $20.00 with a day range of $20.00-$20.73. The stock is going forward its 52-week low with 1.73% and moving down from its 52 week high price with -12.43%.

Xunlei Limited (NASDAQ:XNET) lately unveiled its unaudited financial outcomes for the Q4 and the fiscal year ended December 31, 2014. Non-GAAP financial measures in this release exclude share-based compensation expenses and gain/loss on fair value change of warrants liabilities, amortization of the beneficial conversion feature of Series E preferred shares upon IPO and deemed dividend to preferred shareholders upon IPO. See “About Non-GAAP Financial Measures” at the end of this release. Mr. Sean Zou, Chairman and Chief Executive Officer of Xunlei, commented on the results: “Our fourth quarter revenues were close to the high end of the guidance range we provided to the market. 2015 is an important year for Xunlei, in its transition to mobile internet and continued product innovation. We will be concentrating on executing our mobile strategies, Project Crystal, and focused approach to managing our existing businesses.” Xunlei Limited (NASDAQ:XNET) stock hit highest price at $6.53, beginning with a price of $6.44 and reported a decrease of -0.31% to the closed at $6.40 with a day range of $6.13-$6.53. The total market capitalization remained 416.10 Million, total volume of 224985 shares held in the session was surprisingly higher than its average volume of 172.22 shares.

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