Secondaries announced 6.15.2016

IPOBoutique.Com rates secondary offerings to hit the tape with a ‘BUY’, ‘NEUTRAL’ or ‘AVOID’ rating. Senior Managing Partner Scott Sweet maintains a track record for all secondary’s he’s issued with a ‘BUY’ rating.

Company: Hannon Armstrong Sustainable Infrastructure Capital
Symbol: HASI
Price: Last trade $21.16
Description: Re-offer range $20.40-$20.62
Trade Date: 6/16
Shares: 3.85 million
Underwriter(s) BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities
Rating=Subscription Needed

Company: Pioneer Natural
Symbol: PXD
Price: Last trade $162.50
Description: Re-offer range $156.10-$160.05
Trade Date: 6/16
Shares: 5.25 million
Underwriter(s) Credit Suisse, J.P. Morgan, Deutsche Bank Securities, Morgan Stanley
Rating=Subscription Needed

Company: Bio Time, Inc.
Symbol: BTX
Price: Last trade $2.61
Description: Re-offer range TBD
Trade Date: 6/16
Shares: TBD
Underwriter(s) Oppenheimer
Rating=Subscription Needed

Company: Tonix Pharmaceuticals
Symbol: TNXP
Price: Last trade $2.46
Description: Re-offer range not available
Trade Date: 6/16
Shares: 2 million
Underwriter(s) Roth Capital Partners, National Securities
Rating=Subscription Needed

Company: Earthstone Energy, Inc.
Symbol: ESTE
Price: Last trade $11.97
Description: Re-offer range $10.50-$11.00
Trade Date: 6/16
Shares: 4 million
Underwriter(s) Suntrust Robinson Humphrey, Seaport Securities
Rating=Subscription Needed