On Monday, Shares of Warren Resources, Inc. (NASDAQ:WRES), lost -0.19% to $0.410.
Warren Resources, declared that it will present at Enercom The Oil and Gas Conference on Wednesday, August 19, 2015 at 10:55 a.m. MDT (12:55 p.m. EDT). Senior administration counting interim Chief Executive Officer Lance Peterson and Vice President and Chief Financial Officer Stewart P. Skelly will talk about the Company’s strategy, development plans and outlook.
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves. The company primarily focuses on the exploration and development of waterflood oil recovery projects in the Wilmington field within the Los Angeles Basin of California; Marcellus Shale project in northeastern Pennsylvania; and coalbed methane natural gas properties located in the Rocky Mountain region.
Shares of RLJ Lodging Trust (NYSE:RLJ), inclined 0.79% to $29.22, during its last trading session.
RLJ Lodging Trust, stated results for the three and six months ended June 30, 2015.
Highlights
- Pro forma RevPAR raised 5.0%, Pro forma ADR raised 6.4%, and Pro forma Occupancy reduced 1.3%
- Pro forma RevPAR raised 8.6% not taking into account New York and Houston
- Pro forma Hotel EBITDA Margin raised 32 bps to 39.3%; 135 bps not taking into account New York and Houston
- Pro forma Merged Hotel EBITDA raised 7.6% to $116.5 million
- Adjusted FFO raised 4.7% to $98.1 million
- Repurchased 2.0 million shares for $59.8 million
- Attained two hotels for $105.9 million subsequent to quarter end
RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels.
At the end of Monday’s trade, Shares of Standard Pacific Corp. (NYSE:SPF), gained 1.23% to $9.06.
Standard Pacific Corp., declared results for the second quarter ended June 30, 2015.
2015 Second Quarter Highlights and Comparisons to 2014 Second Quarter
- Net new orders of 1,567, up 10%; Dollar value of net new orders up 26% (not taking into account Q2 2014 acquisition)
- Backlog of 2,572 homes, up 12%; Dollar value of backlog up 30%
- 203 average active selling communities, up 11%
- 1,305 new home deliveries, up 6%
- Average selling price of $532 thousand, up 11%
- Home sale revenues of $694.7 million, up 17%
- Gross margin from home sales of 24.6%, contrast to 26.6%
- Operating margin from home sales of $90.8 million, or 13.1%, contrast to $89.7 million, or 15.2%
- Net income of $57.2 million, or $0.14 per diluted share, vs. net income of $56.5 million, or $0.14 per diluted share
- $190.0 million of land purchases and development costs, contrast to $212.0 million
- Results comprise $5.2 million of transaction costs related to the projected merger with The Ryland Group, Inc.
Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes for various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado.
Finally, Jacobs Engineering Group Inc (NYSE:JEC), ended its last trade with -0.50% loss, and closed at $43.94.
Jacobs Engineering Group declared it was selected by ExxonMobil to perform engineering, procurement and construction administration (EPCM) services for its Crude Flexibility Engineering and Construction Project at the ExxonMobil Refinery in Beaumont, Texas.
Company officials did not disclose the contract value, but noted that this project is a release against an existing long-term agreement.
The project aims to expand crude oil throughput at ExxonMobil’s Beaumont refinery, enhance production in the jet fuel unit, and optimize energy usage by enabling the crude unit to run different crude slates.
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that comprise engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, counting services performed in connection with scientific testing, analysis, and consulting activities, in addition to information technology, and systems engineering and integration activities.
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