On Thursday, Shares of PulteGroup, Inc. (NYSE:PHM), gained 1.49% to $19.70.
PulteGroup, declared that its Board of Directors has declared a quarterly cash dividend of $0.08 per common share payable July 2, 2015, to shareholders of record at the close of business on June 11, 2015.
PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.
Shares of Apache Corp. (NYSE:APA), declined -3.36% to $65.08, during its last trading session.
Apache Corporation, declared a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which comprises an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. When adjusted for certain items that impact the comparability of results, Apache’s first-quarter loss totaled $139 million or $0.37 per share. Net cash offered by operating activities was about $650 million in the first quarter of 2015 and cash from operations, before changes in working capital, totaled $900 million.
Portfolio rebalancing update
During 2014, Apache conducted a review of its international portfolio with the aim of best positioning its asset base for the long-term benefit of its shareholders. This review resulted in several key divestitures during the past 12 months. In the first half of April, the company closed the formerly declared sale of its Wheatstone and Kitimat LNG projects to Woodside Petroleum for $3.7 billion of net proceeds. On April 8, Apache also declared the sale of its remaining oil and gas assets in Australia for $2.1 billion, subject to customary post-closing adjustments.
The company’s acquisition and divestiture transactions over the last several years have streamlined its portfolio and resulted in greater leverage to onshore North America. When adjusted for the recently declared sale in Australia, pro forma onshore North America now represents nearly two-thirds of total company production.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada.
At the end of Thursday’s trade, Shares of Magnum Hunter Resources Corp. (NYSE:MHR), lost -2.58% to $1.89.
Magnum Hunter Resources Corporation, will host a conference call on Monday, May 11, 2015, at 9:00 a.m. CT, to talk about its quarter ended March 31, 2015 financial and operating results. The Company will issue a press release announcing these financial and operating results before the U.S. financial markets open on the morning of the conference call. On the conference call, the Company will talk about these financial and operating results in addition to other corporate related matters. During the conference call, following the Company’s presentation, the Company will allow for a brief Q & A session with equity research analysts.
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. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
Finally, Qorvo, Inc. (NASDAQ:QRVO), ended its last trade with 9.41% surge, and closed at $75.56.
Qorvo, declared fiscal 2015 fourth quarter financial results, ended March 28, 2015.
On a GAAP basis, March quarterly revenue was $634.9 million, gross margin was 29.8%, operating loss was $102.5 million, and net income was $6.5 million, or $0.04 per diluted share based on 150.5 million shares outstanding. GAAP operating results comprise about $250 million of merger-related accounting entries and costs.
On a non-GAAP basis, March quarterly revenue was $633.9 million and gross margin was 50.4%. Synergies in G&A were balanced by higher investments in R&D, yielding operating income of $169.6 million, or 26.8% of sales. Cash taxes were about 2% as compared to Qorvo’s original guidance of 5% to 10%. Net income was $167.2 million, or $1.11 per diluted share based on 150.5 million shares outstanding.
Qorvo, Inc. provides technologies and radio frequency solutions for mobile, infrastructure, and aerospace/defense applications in the United States and internationally. The companys product line comprises amplifiers, control products, discrete transistors and ICs, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives, and switches.
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