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Company News for January 16, 2017

•    Shares of BlackRock, Inc. (BLK) rose 0.3% after reporting fourth-quarter adjusted earnings of $5.14 per share, beating the Zacks Consensus Estimate of $5.02

•    Sanchez Energy Corporation’s (SN) shares surged 29.2% after Anadarko Petroleum Corporation (APC) decided to sale the Eagleford Shale assets for $2.3 billion to Sanchez Energy and Blackstone Energy Partners

•    Shares of Pandora Media, Inc. (P) jumped 6.3% after announcing that it targets to reduce the U.S. workforce base by 7%

•    First Republic Bank’s (FRC) shares gained 1.2% after posting fourth quarter earnings of $1.03% per share, a cent higher than the Zacks Consensus Estimate


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