Search
Tuesday 19 May 2015
  • :
  • :

Trending Losers In Focus - Noble (NYSE:NE), Northern Oil & Gas, (NYSEMKT:NOG), Tronox (NYSE:TROX), RCS Capital (NYSE:RCAP)

On Thursday, Noble Corp plc (NYSE:NE)’s shares declined -6.60% to $16.41.

Noble Corp plc (NE) declared its Board of Directors has planned the payment of the Company’s quarterly cash dividend of $0.375 per share. The ex-dividend date for this payment is predictable to be April 30, 2015, with a record date of May 4, 2015 and a payment date of May 14, 2015. The Company anticipates that this dividend will be treated as a qualified dividend for purposes of U.S. taxes.

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units.

Northern Oil & Gas, Inc. (NYSEMKT:NOG)’s shares dropped -6.45% to $7.83.

Northern Oil & Gas, Inc. (NOG) declared 2015 first quarter results.

2015 FIRST QUARTER HIGHLIGHTS

  • Production averaged 16,988 barrels of oil equivalent (“Boe”) per day, for a total of 1,528,919 Boe, a 28% enhance over the first quarter of 2014
  • Oil and gas sales counting settled derivatives totaled $90.4 million
  • About 3.0 million barrels of oil are hedged for the remainder of 2015 at an average price of $89.56 per barrel

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States.

At the end of Thursday’s trade, Tronox Ltd (NYSE:TROX)‘s shares dipped -6.44% to $19.31.

Tronox Ltd (TROX) stated first quarter 2015 revenue of $385 million contrast to $418 million in the first quarter 2014 and $400 million in the fourth quarter 2014. Adjusted EBITDA of $64 million in the first quarter was level to $64 million in the year ago quarter, counting $9 million and $13 million net lower of cost or market charges, respectively, and compares to $81 million in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the first quarter was $51 million, or $0.44 per diluted share, as compared to an adjusted net loss of $58 million, or $0.51 per diluted share, in the year-ago quarter and an adjusted net loss of $23 million, or $0.20 per diluted share, in the fourth quarter 2014.

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment. The Mineral Sands segment engages in the exploration, mining, and beneficiation of mineral sands deposits.

RCS Capital Corp (NYSE:RCAP), ended its Thursday’s trading session with -6.43% loss, and closed at $7.42.

RCS Capital Corp (RCAP) declared recently operating results for the three months ended March 31, 2015. Operating highlights are offered below. All per share results are expressed on a fully diluted basis.

Highlights for the First Quarter 2015:

Revenue4: $602.2 million for the first quarter, down 11.0% over the year-ago quarter primarily due to lower equity capital raised in the Wholesale division

Adjusted Net Income: $17.4 million for the first quarter, or $0.19 per fully diluted share

Net Income/(Loss) (GAAP): ($15.4) million for the first quarter, or ($0.47) per fully diluted share

Adjusted EBITDA: $28.4 million for the first quarter, or $38.6 million not taking into account the Wholesale division

RCS Capital Corporation engages in the independent retail advice, wholesale distribution, investment banking, capital markets, investment administration, and investment research businesses.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




Leave a Reply

Your email address will not be published. Required fields are marked *