Insights about U.S. Stocks that landed in the Red-Zone during Thursday’s trade, are depicted underneath:
Darling Ingredients Inc (NYSE:DAR)’s shares dwindled -06.97%, and closed at $16.02, hitting new 52-week low of $15.74.
Darling Ingredients Inc. (DAR) declared that administration will present at the 27th Annual Roth Conference to be held at the Ritz-Carlton Laguna Niguel in Dana Point, CA on March 8-11, 2015. Randall C. Stuewe, Darling’s Chief Executive Officer, is planned to present on Tuesday, March 10th, at 10:30 a.m. Pacific Daylight Time, and will hold one-on-one meetings throughout the day.
Darling Ingredients Inc. is the world’s largest publicly-traded developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and specialty products for customers in the food, pet food, pharmaceutical, feed, technical, fuel, bioenergy, and fertilizer industries.
InfoSonics Corporation (NASDAQ:IFON), declined -7.01%, and closed at $2.52.
Infosonics Corp. (IFON), the provider of verykool® wireless handset solutions and tablets, declared results for its fourth quarter and year ended December 31, 2014.
InfoSonics stated net sales for the 2014 fourth quarter of $17.9 million, which represented a $6.1 million, or 51%, raise from $11.9 million for the fourth quarter of 2013. The Corporation stated noteworthy sales growth to customers in Mexico, Peru and the U.S. Unit shipments during the quarter declined by 4% contrast to the preceding year, but the average selling price per unit rose 57%. Net sales for the year ended December 31, 2014 were $48.1 million, which represented a $10.2 million, or 27%, raise over $37.9 million for the 2013 year.
Gross profit in the fourth quarter of 2014 was $3.0 million, a 48% raise contrast to $2.0 million for the comparable period in 2013. The gross profit margin as a percent of sales in the fourth quarter of 2014 declined to 16.5% contrast to 16.9% for the comparable period in 2013. The margin reduction resulted from costs in the quarter associated with the conclusion of projects for internally designed products and related terminations with contract manufacturers, in addition to a higher level of inventory reserves. Gross profit for the year ended December 31, 2014 was $8.3 million, which represented a $1.3 million, or 19%, raise from $6.9 million for the 2013 year.
Net revenue for the fourth quarter of 2014 was $730,000, $0.05 per share, contrast to net revenue of $125,000, $0.01 per share, in the fourth quarter of 2013. Net revenue for the year ended December 31, 2014 was $261,000, $0.02 per share, contrast to a net loss of $597,000, $0.04 per share, in the 2013 year.
Formerly on November 14, the company declared results for its third quarter ended September 30, 2014.
According to that net sales for the 2014 third quarter of $8.1 million, which represented a $1.7 million, or 18%, decrease from $9.9 million for the third quarter of 2013. The Corporation stated 50% lower sales to customers in South America and a 16% reduction in Central America. These declines were partially offset by a 31% rise in sales in Mexico and an raise of $806,000 in the United States. For the nine months ended September 30, 2014, InfoSonics’ net sales were $30.2 million, which represented a $4.2 million, or 16%, raise from $26.0 million for the comparable nine month period of 2013.
InfoSonics Corporation designs, develops, manufactures, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, dealer agents, resellers, and original equipment manufacturers.
Comstock Resources Inc (NYSE:CRK), dipped -6.48%, and closed at $5.05.
Comstock Resources Inc. (CRK), declared that it has priced $700 million in aggregate principal amount of its 10% senior secured notes due 2020 to be sold to purchasers in a private offering. The notes and the related partner guarantees will be secured by a first priority lien on substantially all of the Corporation`s and its auxiliaries` assets, subject to payment priority in favor of the lenders under a new credit facility. Comstock intends to use the net proceeds of the projected offering to retire its existing bank credit facility, with remaining proceeds for general corporate purposes. Comstock anticipates to close the sale of the notes on March 13, 2015, subject to the satisfaction of customary closing conditions. In connection with the pricing of the notes, the Corporation has reached a new $50 million bank revolving credit facility.
The notes were offered in the United States only to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons following Regulation S under the Securities Act. The notes have not been registered under the Securities Act or the securities laws of any jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
Comstock Resources, Inc. is a growing independent energy corporation based in Frisco, Texas and is engaged in oil and gas attainments, exploration and development primarily in Texas and Louisiana. The Corporation`s stock is traded on the New York Stock Exchange under the symbol CRK.
Resolute Energy Corp (NYSE:REN), dropped -6.05%, and closed at $0.930.
Resolute Energy Corporation (REN), stated financial and operating results for the quarter and full year ended December 31, 2014.
Nicholas J. Sutton, Resolute’s Chief Executive Officer, said: “We are happy to report that raises in production from all of our operating areas resulted in Corporation-record quarterly production of 13,341 equivalent barrels of oil (“Boe”) per day, and record annual production of 12,727 Boe per day, during the three and twelve months ended December 31, 2014, respectively. 2014 production was within one percent of the mid-point of our annual guidance as declared on March 10, 2014. During 2014 Aneth Field production raised two percent, Hi-light Field production raised thirteen percent and Permian Basin production raised eighteen percent as contrast with 2013.
Operations Update:
Permian Basin
During the fourth quarter of 2014, we spud 3 gross (1.9 net) horizontal wells in the Delaware Basin and the company took part in drilling and concluding 1 gross (0.1 net) non-operated well. The company fraced two of the horizontal wells in January and one in February 2015. In the Midland Basin the company took part in the drilling of several non-operated wells in the fourth quarter, counting two vertical wells and one horizontal Wolfcamp A well, in their Big Spring area located in Howard County. The horizontal well was accomplished in November 2014. The company also took part in a second horizontal well in Big Spring that was spud in late January 2015 and is awaiting completion.
Fourth quarter activity focused on optimizing production from our three horizontal Turner wells, the Castle 3-21TH, the Grand 7-14TH and Castle 13-41TH, and enhancing production from their legacy Muddy formation vertical wells. As noted formerly, the company believe there are 42 additional horizontal Turner drilling locations in our Hilight Field acreage. The company presently evaluating market conditions and capital costs to optimize future drilling activities and it continue to build a permit inventory to pre-load the opportunity to quickly start a full time drilling program when appropriate. Throughout the Powder River Basin other operators have actively tested several other formations. Preliminary evaluation of sidewall cores and logs taken from our recently-drilled wells indicate opportunities in uphole zones leads them to believe that there are more than 30 potential Parkman horizontal locations on their acreage.
Resolute is an independent oil and gas corporation focused on the attainment, exploration, exploitation and development of oil and gas properties, with a particular emphasis on liquids focused, long-lived onshore U.S. opportunities. Resolute’s producing properties are located in the Paradox Basin in Utah, the Permian Basin in Texas and New Mexico and the Powder River Basin in Wyoming.
