US stock prospects were auctioning off after a blended week that saw the Nasdaq and S&P 500 make progress while the Dow saw slight misfortunes. Dow fates were down 146 focuses, S&p 500 prospects were off 17 focuses, and Nasdaq prospects were off 33 focuses.
Oil and gas organizations in the Asia-Pacific locale could slide closer to minimizations if unrefined costs don’t recuperate.
Oil costs blipped up quickly on Friday after the passing of Saudi Arabia’s King Abdullah started hypothesis that the world’s greatest unrefined exporter could change its output policy.
The drop in oil costs was the financial related stunner of 2014. In the first 50% of the year, the oil business looked generally as it had the prior year — and the two years prior to that.
Oil exploration firms have recently begun abating their investigation exercises; some of them must have started containing their non-center costs a couple of months prior in perspective of decelerating oil costs.
Despite of the sector is moving down, few stocks are as yet showing positive aspects:-
Magnum Hunter Resources Corp (NYSE:MHR) trades in a 52-week range of $1.60 to $9.27 with shares up 16.97% at $1.93 in pre-market trade. The company declared an increase of 16.5 MMBoe or a 25% improvement in the quantity of the Company’s estimated total proved oil, natural gas and natural gas liquids reserves at December 31, 2014, contrast to total proved reserves at December 31, 2013.
Magnum Hunter Resources Corporation, an independent oil and natural gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Shares of SandRidge Energy Inc.(NYSE:SD) jumped nearly 4.84% to $1.30 in Monday’s pre-market activity moving within a 52-week trading range of $1.13 - $7.43. The firm declared financial results for the quarter that ended September 30, 2014. The Company also filed restated results for quarterly periods in 2013 and 2014. Adjusted operating cash flow of $203 million for third quarter 2014 contrast to $227 million in third quarter 2013.
SandRidge Energy, Inc., together with its subsidiaries, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States.
Halcon Resources Corp(NYSE:HK) enhanced of 4.96% and its Net profit margin of this company was -71.70% while its operating profit margin was 21.00%. The organization declared additional reductions to its 2015 drilling and completion budget. Halcon’s drilling and completions budget for 2015 is $375 - 425 million. Capital will be directed towards locations in the Fort Berthold area of the Williston Basin and El Halcon in East Texas.
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
Shares of the Patterson-UTI Energy, Inc.(NASDAQ:PTEN) were higher SMA 20 with 2.50% and below SMA 50 with -7.53%. The stock showed a negative movement of -0.50% to end at $15.86. The corporation will hold its conference call to discuss results for the fourth quarter ended December 31, 2014 on Thursday, February 5, 2015 at 9:00 a.m. Central Time.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada.
