On Monday, Whiting Petroleum Corp (NYSE:WLL)’s shares declined -12.70% to $8.80. With its recent share price change, WLL market value has reached roughly $2.06 billion. Its most recent quarter balance sheet showed the company is standing at a -0.70 current ratio and possess -1.09 as debt to equity ratio. The stock’s performance in 1 month is -48.69% and its volatility for the same period is 11.52%.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States.
Transocean LTD (NYSE:RIG)’s shares dropped -4.93% to $12.34.
Transocean Ltd. (RIG) (RIGN.VX) declared that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer preceding to its expiration in July 2017. Transocean will be compensated for the early termination through a lump-sum payment that comprises adjustments for reduced operating costs and demobilization to Norway.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Star Bulk Carriers Corp. (NASDAQ:SBLK)‘s shares dipped -3.42% to $0.615.
Star Bulk Carriers Corp. (NASDAQ: SBLK), declared that the Company’s Special Meeting of Shareholders was duly held in Cyprus on December 21, 2015 following a Notice of the Special Meeting of Shareholders dated December 4, 2015 (“the Notice”).
At the meeting, the following proposal, which was set forth in more detail in the Notice and the Company’s Proxy statement was approved and adopted:
The approval of an amendment to the Company’s Third Amended and Restated Articles of Incorporation to effect a reverse stock split of the Company’s issued and outstanding common shares by a ratio of not less than one-for-three and not more than one-for-ten, with the exact ratio to be set at a whole number within this range, to be determined by the Company’s Board of Directors (the “Board”) or any duly constituted committee thereof, at any time after approval of the amendment in its discretion, and to authorize the Board to implement the reverse stock split by filing the amendment with the Registrar of Corporations of the Republic of the Marshall Islands.
Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which comprise iron ore, coal, and grain, in addition to bauxite, fertilizers, and steel products.
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