Insights about U.S. Stocks that landed in the Red-Zone during Thursday’s trade, are depicted underneath:
DeVry Education Group Inc (NYSE:DV)’s shares dwindled -4.46%, and closed at $34.26, hitting new 52-week low of $33.90.
DeVry Education Group Inc. (DV), a global provider of educational services, declared that Lisa M. Sodeika is succeeding Sharon Thomas Parrott as senior vice president of external relations and regulatory affairs. Thomas Parrott is retiring after a 33-year career with the organization and will remain with DeVry Group through June 30, 2015, to ensure a smooth transition. Sodeika assumes her new role effective recently.
Sodeika comes to DeVry Group from HSBC North America Holdings, Inc., where she most recently served as executive vice president of corporate affairs. In that role, she was responsible for promoting and protecting the HSBC brand. Sodeika led HSBC’s North American communications and sustainability functions; directed the corporation’s U.S. public policy and community reinvestment regulatory compliance functions; and led its global nongovernmental organization engagement strategy. Formerly, Sodeika was the senior vice president of consumer affairs at Household International.
“Quality education is key to pursuing our life aims and essential to our country’s economy,” said Sodeika. “I’m delighted to join DeVry Education Group’s ‘students first’ mission, and to engage colleagues and public stakeholders in advancing quality private-sector education as an important choice in the postsecondary education field.”
Sodeika received her Master of Arts in workplace ethics and East Asian studies from Loyola University and her Bachelor of Arts in mass communications from the University of Illinois at Chicago. She is a past member and chair of the Federal Reserve Board’s Consumer Advisory Council; she serves on the board of Wings Program, Inc.; and is a member of the Arthur Page Society, the Economic Club of Chicago, the International Women’s Forum and the Executives Club of Chicago.
The purpose of DeVry Education Group is to empower its students to achieve their educational and career aims. DeVry Education Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a global provider of educational services and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine.
Seventy Seven Energy Inc (NYSE:SSE), declined -4.41%, and closed at $4.12.
Seventy Seven Energy Inc. (SSE), stated financial and operational results for the 2014 full year and fourth quarter.
SSE stated total proceeds of $2.081 billion for the 2014 full year, a 5% decrease contrast to total proceeds of $2.188 billion for the full year 2013. On June 30, 2014, SSE separated from Chesapeake Energy Corporation (CHK) and became an independent, publicly traded corporation in a series of transactions, which is referred to as the “spin-off.” As part of the spin-off, SSE distributed its compression unit manufacturing and geosteering businesses to Chesapeake and sold its crude hauling assets to a third party. SSE’s adjusted proceeds assume these transactions occurred on January 1, 2013. Adjusted proceeds for the 2014 full year were $1.978 billion contrast to $1.975 billion for the 2013 full year. Adjusted EBITDA for the 2014 full year was $446.2 million, contrast to $448.5 million for the 2013 full year.
Drilling;
SSE’s drilling segment contributed proceeds of $774.5 million and Adjusted EBITDA of $300.9 million for the 2014 full year, contrast to $740.8 million of proceeds and Adjusted EBITDA of $257.2 million for the 2013 full year. This raise in proceeds for the 2014 full year contrast to the 2013 full year was due to an raise in proceed days, as the number of average utilized rigs raised by four to 84, and average day rate improvement due to the delivery of six new PeakeRigs™.
For the fourth quarter of 2014, the drilling segment contributed proceeds of $204.5 million and Adjusted EBITDA of $87.4 million, contrast to $200.4 million of proceeds and Adjusted EBITDA of $82.4 million for the third quarter of 2014 and proceeds of $178.5 million and Adjusted EBITDA of $66.9 million for the fourth quarter of 2013. The improved financial performance for the fourth quarter of 2014 contrast to the third quarter of 2014 was partially aided by four new PeakeRigs™ delivered in the fourth quarter of 2014.
Proceed days for the fourth quarter of 2014 were 7,991 contrast to 7,772 and 6,984 for the third quarter of 2014 and the fourth quarter of 2013, respectively, as the number of average utilized rigs raised by three to 88 during the fourth quarter of 2014. Proceeds from non-Chesapeake customers raised $10.3 million from the third quarter of 2014 to 40% of total segment proceeds for the fourth quarter of 2014. As of December 31, 2014, about 44% of our active rigs were contracted by non-Chesapeake customers, counting a proceed backlog of $197.6 million with an average duration of seven months. As of December 31, 2014, our proceed backlog with Chesapeake was $810.1 million with an average duration of 22 months. As of December 31, 2014, our total drilling contract early termination value related to our drilling backlog was $476.1 million.
Average proceed per proceed day for the fourth quarter of 2014 was $24,262, up from $23,776 in the third quarter of 2014 and $23,586 in the fourth quarter of 2013, due to an raise in day rates and delivery of four new PeakeRigs™ during the fourth quarter of 2014. Adjusted average operating costs per proceed day in the fourth quarter of 2014 were $13,869, a decrease of $403 per day from $14,272 in the third quarter of 2014. The decrease in average operating costs per proceed day was due primarily to lower labor-related costs driven by a reduction in headcount, offset by an raise in rig mobilization costs due to the delivery of four new PeakeRigs™ during the fourth quarter of 2014. As a percentage of drilling proceeds, drilling operating costs were 60% for the fourth quarter of 2014, 66% for the third quarter of 2014 and 65% for the fourth quarter of 2013.
As of December 31, 2014, our marketed fleet comprised of 26 Tier 1 rigs, counting 16 PeakeRigs™, 57 Tier 2 rigs and seven Tier 3 rigs. SSE presently has 10 additional contracted PeakeRigs™ under construction presently planned to be delivered over the next 14 months.
SSE is a diversified oilfield services corporation that provides a wide range of wellsite services to U.S. land-based E&P customers. SSE offers services and equipment that are planned to our customers’ oil and natural gas operations. Our services comprise drilling, hydraulic fracturing, oilfield rentals, rig relocation and water transport and disposal.
Apollo Commercial Real Est. Finance Inc (NYSE:ARI), dipped -4.22%, and closed at $16.78.
Apollo Commercial Real Estate Finance, Inc. (ARI) declared the Corporation has priced an underwritten public offering of 10,000,000 shares of ordinary stock for total estimated gross proceeds of about $170.0 million. In connection with the offering, the Corporation has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of ordinary stock. The offering is predictable to close on March 10, 2015, and is subject to customary closing conditions.
ARI intends to use the net proceeds from the offering to repay amounts outstanding under the Corporation’s repurchase facility with JPMorgan Chase Bank, N.A. and the balance, if any, to attain the Corporation’s target assets, which comprise commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities and other commercial real estate-related debt investments, and for general corporate purposes.
BofA Merrill Lynch, J.P. Morgan and Citigroup are the joint book-running managers for the offering. JMP Securities is co-manager for the offering.
Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust that primarily originates, invests in, attains and manages performing commercial first mortgage loans, subordinate financings, CMBS and other commercial real estate-related debt investments.
H & R Block Inc (NYSE:HRB), dropped -4.22%, and closed at $32.01.
H&R Block, Inc. (HRB), the world’s largest consumer tax services provider, recently released its financial results for the fiscal 2015 third quarter ended January 31, 2015 and U.S. tax volume through February 28.
As a result of an earlier opening of the Internal Proceed Service’s (IRS) e-file system this tax season, the corporation stated a $309 million raise in proceeds, to $509 million for the fiscal third quarter. This resulted in an improvement in its fiscal third quarter seasonal net loss from ongoing operations to $0.13 per share. A majority of the corporation’s proceeds and all of its fiscal 2015 earnings will occur during its fiscal fourth quarter, and thus fiscal third quarter results are not indicative of predictable performance for the full year.
The corporation continued its focus on driving proceed growth through improved monetization and product attach rates and believes it is on pace to achieve these aims in fiscal 2015. As of February 28, 2015, total U.S. tax returns prepared by and through H&R Block declined 4.2% as contrast to the preceding fiscal year. Changing tax filer timing, Affordable Care Act (ACA) form delays and errors, the carryover influence of eliminating certain promotions last tax season, competitor pricing actions and continued industry-wide fraud issues have resulted in a decline in lower-value returns.
H&R Block, Inc. ( HRB ) is the world’s largest consumer tax services provider. More than 650 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2014, H&R Block had annual proceeds over $3.0 billion with 24.2 million tax returns prepared worldwide.
