On Tuesday, Nabors Industries Ltd. (NYSE:NBR)’s shares surged 3.79% to $15.33, as NBR invites interested parties to join Anthony G. Petrello, Chairman and Chief Executive Officer and William Restrepo, Chief Financial Officer, Wednesday, April 22, 2015 at 10:00 a.m. Central Time for a discussion of operating results for the first quarter 2015. Nabors will release earnings after the market closes on April 21, 2015.
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.
Freeport-McMoRan Inc. (NYSE:FCX)’s shares gained 3.78% to $18.95, during the last trading session on Tuesday, as on Monday Citigroup upgraded the stock to “buy” from “neutral” and raised its price target to $23 from $19.
The firm upgraded the stock “on the expectation that copper will swing to a deficit in 2016″ contrast to a previous forecast of 2017.
“Despite the planned misstep into energy, 83% of 2016 EBITDA still comes from mining operations and on spot pricing, we expect the company to generate positive free cash in 2016-17. 5.6x 2016 EBITDA on spot is a slight discount to the trading average of 5.8x. Valuation looks even more compelling at 4.5x our estimates,” the firm wrote in a research note Monday.
Freeport-McMoRan Inc., a natural resource company, engages in the attainment of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas. The company operates through North America Copper Mines; South America Mining; Indonesia Mining; Africa Mining; Molybdenum Mines; United States (U.S.) Oil and Gas Operations; Rod & Refining; and Atlantic Copper Smelting & Refining segments.
At the end of Tuesday’s trade, U.S. Silica Holdings, Inc. (NYSE:SLCA)’s shares gained 3.73% to $37.78, as SLCA declared that it will release its first quarter 2015 financial results after the New York Stock Exchange closes on Tuesday, April 28, 2015. This release will be followed by a conference call for investors on Wednesday, April 29, 2015 at 9:00 a.m. Eastern Time to talk about the results. Hosting the call will be Bryan Shinn, president and chief executive officer and Don Merril, vice president and chief financial officer.
U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants, and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, in addition to sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
Finally, EP Energy Corporation (NYSE:EPE), ended its Tuesday’s trading session with 3.71% gain, and closed at $13.15, after EPE declared that its wholly-owned partner EP Energy LLC has recently concluded the semi-annual borrowing base review of its reserve-based loan (RBL) credit facility and the lender group unanimously reaffirmed its current value of $2.75 billion. EP Energy LLC also extended the maturity date of the facility from May 2017 to May 2019, offered that the company’s 2018 and 2019 Secured Term Loans and Senior Secured Notes are stepped down or refinanced six months preceding to maturity. The RBL facility is supported by 27 financial institutions.
EP Energy Corporation, an independent exploration and production company, attains and develops unconventional onshore oil and natural gas properties in the United States. The company primarily holds interests in various properties covering about 440,000 net acres that are located in various areas comprising Eagle Ford Shale, South Texas; Wolfcamp Shale, the Permian Basin, West Texas; the Altamont field in the Uinta Basin, northeastern Utah; and Haynesville Shale, North Louisiana.
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