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Thursday 23 April 2015
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Latest Update

4 Slumping Stocks Update: Swift Energy Company (NYSE:SFY), Northern Oil & Gas, (NYSEMKT:NOG), Approach Resources (NASDAQ:AREX), Shake Shack (NYSE:SHAK)

On Tuesday, Swift Energy Company (NYSE:SFY)’s shares declined -5.92% to $2.86.

Swift Energy Company (SFY) will report its first quarter financial results on Thursday, May 7, 2015 by issuing a news release before the market opens and conducting a conference call to talk about such results on that date at 9:00 a.m. CDT.

Swift Energy Company, an independent oil and gas company, attains, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana.

Northern Oil & Gas, Inc. (NYSEMKT:NOG)’s shares dropped -5.89% to $8.31.

Northern Oil & Gas, Inc. (NOG) declared that its bank syndicate group reaffirmed and maintained the existing $550 million borrowing base under Northern’s revolving credit facility during the semi-annual redetermination period.

In addition, the bank group agreed to amend certain financial covenants. The 4.0x total debt to EBITDAX covenant was removed and replaced with a secured debt to EBITDAX ratio. The new covenant requires Northern to maintain a ratio of secured debt to EBITDAX of no greater than 2.5 to 1.0.

The next redetermination of the borrowing base is planned for October 1, 2015.

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States.

At the end of Tuesday’s trade, Approach Resources Inc. (NASDAQ:AREX)‘s shares dipped -5.80% to $8.45.

Approach Resources Inc. (AREX) will host a conference call on Thursday, May 7, 2015, at 10:00 AM CT (11:00 AM ET) to talk about first quarter 2015 financial and operating results. The Company plans to declare first quarter 2015 results on Wednesday, May 6, 2015, after close of trading.

Approach Resources Inc., an independent energy company, focuses on the exploration, development, production, and acquisition of unconventional oil and gas reserves in the United States.

Shake Shack Inc (NYSE:SHAK), ended its Tuesday’s trading session with -5.73% loss, and closed at $60.00.

Shake Shack Inc (SHAK) The City of Angels’ first-ever Shake Shack® is slated to arrive in 2016. The highly anticipated Los Angeles Shack will land in the heart of West Hollywood at the corner of Santa Monica Boulevard and West Knoll Drive, one block west of La Cienega.

Shake Shack is a critically acclaimed, modern day “roadside” burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), griddled-crisp flat-top dogs, fresh-made frozen custard, crinkle cut fries, beer and wine, and more. A fun and lively community gathering place with widespread appeal, Shake Shack has earned a cult-like following around the world.

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States, the District of Columbia, North America, Europe, and Asia. Shacks offers hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, and wine.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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