BUZZ-U.S. STOCKS ON THE MOVE-Hercules Offshore, SeaChange, Conatus

Thu Apr 2, 2015 11:40am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes were little changed at the open on Thursday, as a report on the labor market came in better than expected, a positive sign for upcoming payrolls data. U.S. stock indexes xxx on Thursday. The Dow Jones industrial average was up 0.34 percent at 17,759.17, the S&P 500 was up 0.40 percent at 2,067.87 and the Nasdaq Composite was up 0.21 percent at 4,890.26.

** HERCULES OFFSHORE INC, $0.5162, +14.00 pct

The rig contractor signed a five-year contract with a unit of Eni S.p.A for use of the Hercules 260 jackup rig in West Africa with a dayrate of $75,000-$125,000 per day. Global Hunter Securities analysts said the contract has positive implications given the difficulties of securing term on any rig in the currently depressed offshore market.

** SEACHANGE INTERNATIONAL INC, $6.79, -15.13 pct

The video streaming products supplier forecast a surprise decrease in full-year revenue as its customers shift to cloud-based services. The company's transition to a subscription-based software licensing model is also expected to dent product revenue. SeaChange expects 2016 revenue to fall to about $105-$115 million from $115.4 million in the year ended January 2015.

** CONATUS PHARMACEUTICALS INC, $6.1635, -9.49 pct   Continued...