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Stocks to Watch: GoPro Inc (NASDAQ:GPRO), UBS AG (NYSE:UBS), Noble Energy, Inc. (NYSE:NBL)

Stocks to Watch: GoPro Inc (NASDAQ:GPRO), UBS AG (NYSE:UBS), Noble Energy, Inc. (NYSE:NBL)
Written by
Joel Najarian
Published on
October 28, 2014
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Coverage of photographic equipment maker GoPro Inc (NASDAQ:GPRO) has been initiated by analysts at Wedbush Morgan with an outperform rating and a price target of $81 a share. The price target on the stock marks a potential upside of 25% from its Monday closing price. Shares of GoPro Inc (NASDAQ:GPRO) are moving within a 52-week trading range of $28.65 - $98.47.UBS AG (NYSE:UBS) reported net income for Q3 of 762 million Swiss francs, or CHF 0.20 per share. For the same quarter last year, UBS reported net income of 577 million Swiss francs, or CHF 0.15 per share. For the third-quarter, net profit includes a charge of 1.836 billion Swiss francs towards litigation, regulatory and similar matters. Looking foward, UBS AG (NYSE:UBS) warns that "underlying challenges and geopolitical issues that remain and in some cases have intensified. A number of new concerns have arisen including fears of risks related to the Ebola virus. The mixed outlook for global growth, the absence of sustained and credible improvements to unresolved issues in Europe, continuing US fiscal and monetary policy issues and increased geopolitical instability would make improvements in prevailing market conditions unlikely." As a result of the gain in net profit, shares of UBS are trading more than 5% higher at $17.09 with a 52-week range of $15.04 to $21.50.Noble Energy, Inc. (NYSE:NBL) Tuesday reported adjusted Q3 EPS of $0.28 a share, off 50% YOY, and below the street estimate of $0.33 compiled by Capital IQ. On an unadjusted basis, Noble Energy, Inc. (NYSE:NBL) reported Q3 EPS of $1.12. NBL reported Q3 unadjusted net income of $419 million on revenues of $1,269 million, compared with net income of $205 million on revenues of $1,394 million in the year earlier period. On an adjusted basis, NBL reported Q3 net income of $110 million. Q3 revenues were slightly below average street estimates. NBL reported a Q3 sales average of 302,000 barrels of oil equivalent per day, up 3% YOY. NBL reported Q3 production costs averaged $7.81 per barrel of oil equivalent, and depreciation, depletion, and amortization totaled $16.56.In guidance, NBL said it anticipates Q4 volumes to range from 307 to 327 MBoe/d, consistent with prior expectations, adjusting for sale of some assets, and up 15% YOY, after adjustment for sold assets. NBL said detailed guidance is available in the supplemental information for a conference call, slated for Tuesday 9:00 am CT Oct. 28.

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