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Friday 21 August 2015
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Afternoon Trade News Buzz on: Magnum Hunter Resources (NYSE:MHR), Oragenics (NYSEMKT:OGEN), Lattice Semiconductor (NASDAQ:LSCC), Anadarko Petroleum Corporation (NYSE:APC)

On Monday, in the course of Afternoon trade, Shares of Magnum Hunter Resources Corp (NYSE:MHR), dropped -9.65%, and is now trading at $0.867.

Magnum Hunter Resources Corporation, declared that it has declared a monthly cash dividend on the Company’s 10.25% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”), a monthly cash dividend on the Company’s 8.0% Series D Cumulative Preferred Stock (“Series D Preferred Stock”) and a monthly cash dividend on the Company’s 8.0% Series E Cumulative Convertible Preferred Stock (“Series E Preferred Stock”). The outstanding shares of Series E Preferred Stock are represented by depositary shares (the “Depositary Shares”), each representing a 1/1,000th interest of a share of Series E Preferred Stock.

The dividend on the Series C Preferred Stock, which is for the month of August 2015, is payable on August 31, 2015, to holders of record at the close of business on August 14, 2015. The payment will be an annualized 10.25% per share, which is equivalent to about $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock. The Series C Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “MHR.PRC”.

Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.

During an Afternoon trade, Shares of Oragenics Inc (NYSEMKT:OGEN), climbed 3.05%, and is now trading at $2.70.

Oragenics, and Intrexon Corporation, declared positive data on multiple compounds from Oragenics’ Mutacin 1140 (“MU1140”) lantibiotic platform in a critical animal model study, as well as the selection of a lead clinical candidate. The compounds were subjected to a standardized “proof of concept” animal model evaluating efficacy for reducing clinically relevant C. difficile infection(s) and raised survival relative to vancomycin positive control.

Lantibiotics are a class of antibiotics with a novel mechanism of action active against several multi-drug resistant infectious agents. Through its Exclusive Channel Partnership(“ECC”), Oragenics has utilized Intrexon’s proprietary bio-engineering capabilities to develop its MU1140 analog pipeline which could provide an important new tool in the fight against global bacterial antibiotic resistance.

Oragenics, Inc. develops, markets, and sells oral probiotics products and antibiotics for humans and companion pets. The company develops and markets probiotic products comprising ProBiora3, ProBiora3, a blend of oral care probiotics that promote fresher breath, whiter teeth, and support oral health under the Evora and ProBiora brands. Its ProBiora3 products comprise flavored probiotic tablets, such as EvoraPlus and EvoraKids for daily use by adults and children; EvoraPet for companion pets, counting cats and dogs; and EvoraPro, a product for the dental office channel.

Shares of Lattice Semiconductor (NASDAQ:LSCC), during its Monday’s current trading session fell -11.51%, and is now trading at $14.58.

Lattice Semiconductor Corporation, declared the world’s first superMHL products for USB Type-C to deliver 4K 60fps RGB/4:4:4 video with concurrent USB 3.1 Gen 1 or Gen 2 data. The SiI8630 and SiI9396 are a low-power superMHL transmitter and receiver pair that can deliver and receive 4K 60fps over a single lane, enabling a PC experience with USB Type-C devices.

Lattice Semiconductor Corporation designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers products based on field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) architectures.

Finally, Anadarko Petroleum Corporation (NYSE:APC), lost -1.44% Monday.

Anadarko Petroleum Corporation, declared its financial and operating results for the second quarter of 2015, counting net income attributable to common stockholders of $61 million, or $0.12 per share (diluted). These results comprise certain items typically excluded by the investment community in published estimates, which in the aggregate raised net income by $57 million or $0.11 per share (diluted). Net cash flow from operating activities in the second quarter of 2015 was $1.243 billion, and discretionary cash flow from operations totaled $1.373 billion.

HIGHLIGHTS

  • Raised year-over-year oil sales volumes by 42,000 barrels per day, adjusted for divestitures(3)
  • Achieved large-scale project milestones in the Gulf of Mexico and Mozambique
  • Declared deepwater exploration success in a frontier basin offshore Colombia
  • Declared more than $1.7 billion of monetizations year to date

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.

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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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