Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
HollyFrontier Corp (NYSE:HFC)‘s shares dwindled -3.37%, and closed at $40.44.
Formerly on February 25, HollyFrontier Corporation (HFC), stated a fourth quarter net loss attributable to HollyFrontier stockholders of $222.2 million or $(1.13) per diluted share for the quarter ended December 31, 2014, contrast to net revenue of $62.9 million or $0.31 per diluted share for the quarter ended December 31, 2013. Comprised of in the current quarter results was a non-cash lower of cost or market inventory valuation adjustment that generated an after-tax charge of $244.0 million or $1.25 per share.
Not including this non-cash charge, refinery gross margins were $10.76 per produced barrel, a 2% decrease contrast to $10.96 for the fourth quarter of 2013. Production levels averaged about 374,000 barrels per day (“BPD”) and crude oil charges averaged about 361,000 BPD for the current quarter. Total operating expenses for the quarter were $318.4 million with refinery operating expenses averaging $7.29 per produced barrel sold contrast to $291.9 million or $6.41 per barrel for the fourth quarter of last year. Our fourth quarter 2014 operating results also comprised of charges of $27.0 million attributable to raised environmental accruals and $20.0 million in asset write-downs.
For the fourth quarter of 2014, net cash used for operations totaled $47.3 million. During the period, we declared $0.32 regular and $0.50 special dividends to shareholders totaling about $161.0 million. At December 31, 2014, our combined balance of cash and short-term investments totaled $1.0 billion and our merged debt was $1.1 billion. Our debt, exclusive of Holly Energy Partners’ debt which is nonrecourse to HollyFrontier, was $187.3 million at December 31, 2014.
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high-value light products such as gasoline, diesel fuel, jet fuel and other specialty products.
Cloud Peak Energy Inc (NYSE:CLD), declined -3.36%, and closed at $7.48.
On March 2, 2015, the Compensation Committee of the Board of Directors of Cloud Peak Energy Inc. (CLD) approved various forms of equity award contracts (“Award Contracts”) following Cloud Peak Energy’s 2009 Long Term Incentive Plan (“LTIP”) and in connection with the 2015 annual LTIP grants to employees. There are two 2015 Award Contracts, for the following types of grants: (1) performance share units and (2) restricted stock units. The Award Contracts are substantively similar to the respective 2014 Award Contracts formerly revealed for Cloud Peak Energy’s 2014 LTIP awards. The performance share unit contract was modified to replace the previous 50% reduction in vested performance share units for a negative absolute TSR, with an alternative to cap the performance share award vesting to the target level if there is a negative absolute TSR over the three-year performance period. Both Award Contracts were also modified to clarify that the Compensation Committee retains the discretion to pay any vested awards in shares of our ordinary stock, cash or a combination of shares and cash.
The 2015 Award Contracts are filed as Exhibits 10.1 and 10.2 to this Form 8-K and are incorporated by reference in this Item 5.02. The foregoing summary is qualified in its entirety by the complete terms and conditions of the LTIP and the 2015 and 2014 Award Contracts, as appropriate.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The corporation operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments.
Approach Resources Inc (NASDAQ:AREX), dipped -3.35%, and closed at $7.80.
Approach Resources, Inc. (AREX), declared that the Corporation will take part in one-on-one investor meetings at the Simmons & Corporation International Fifteenth Annual Energy Conference on Thursday, March 5, 2015. Additionally, Approach’s Chairman, Chief Executive Officer and President J. Ross Craft will present at the Scotia Howard Weil 43rd Annual Energy Conference on Wednesday, March 25, 2015, at 9:15 AM CT.
Approach Resources Inc. is an independent energy corporation focused on the exploration, development, production and attainment of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.
TrueCar Inc (NASDAQ:TRUE), dropped -3.28%, and closed at $17.10.
TrueCar, Inc. (TRUE), the negotiation-free car buying and selling mobile marketplace, finds that amid the best auto industry and economic fundamentals in a decade, higher new vehicle sales and transaction prices in February generated $41.8 billion of proceed for automakers, an 11.6 percent jump over a year ago.
TrueCar estimates sales of new cars and light trucks expanded 8.5 percent last month, reaching the best February volume since 2002. The average transaction price (ATP) for light vehicles was $32,245, up 2.8 percent over a year ago, while average incentive spending per unit reduced by $79 to $2,623. The ratio of incentive spending to ATP was 8.1 percent, contracting from 8.6 percent as compared to the preceding year.
TrueCar, Inc. (TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar’s network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience.
