Freeport-McMoRan Inc. (NYSE:FCX)‘s stock had its “hold” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday. They currently have a $19.00 target price on the stock, down from their previous target price of $20.00. Citigroup Inc.’s target price indicates a potential upside of 9.07% from the stock’s previous close. On Tuesday shares of Freeport-McMoRan Inc. (NYSE:FCX) closed at $18.98. Company’s sales growth for last 5 years was 7.30% and EPS growth for next 5 years is recorded as 37.76%.
American Midstream Partners, LP (NYSE:AMID) announced a cash dividend. Payment of $0.4725 per share is scheduled to be paid on February 13, 2015. Shareholders who purchased AMID stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.42% increase over the same period a year ago. American Midstream Partners, LP (NYSE:AMID) in last trading activity moved up 8.58% to close at $19.10. Company weekly performance is 1.49% while its quarterly performance stands at -31.79%. American Midstream Partners, LP (NYSE:AMID) is -39.26% away from its 52 week high.
Oclaro, Inc. (NASDAQ:OCLR) announced the financial results for its second quarter of fiscal year 2015, which ended December 27, 2014. Revenues were $86.8 million for the second quarter of fiscal 2015, compared with revenues of $89.2 million in the first quarter of fiscal 2015. The Company’s industrial and consumer business, which was sold on October 27, 2014, contributed $1.8 million of revenue in the second quarter and $7.5 million in the first quarter of fiscal 2015. On last trading day Oclaro, Inc. (NASDAQ:OCLR) moved up 3.52% to close at $1.47. Its volatility for the week is 6.58% while volatility for the month is 5.44%. OCLR’s sales growth for past 5 years was 13.10% and its EPS growth for past 5 years was 1.70%. Oclaro, Inc. (NASDAQ:OCLR) monthly performance is -17.42%.
United Insurance Holdings Corp. (NASDAQ:UIHC) announced that it has successfully completed and closed on its acquisition of Family Security Holdings, LLC(FSH) and its subsidiaries previously announced on December 15th, 2014. FSH is an insurance holding company with two wholly-owned subsidiaries, Family Security Insurance Company (FSIC), a Hawaii-domiciled property and casualty insurer authorized in Hawaii and Louisiana, and Family Security Underwriters, LLC (FSU), a managing general agency performing administrative and marketing services for FSIC. United Insurance Holdings Corp. (NASDAQ:UIHC) has 10.50% insider ownership while its institutional ownership stands at 45.50%. In last trading activity company’s stock closed at $26.89.