On Thursday, Whiting Petroleum Corp (NYSE:WLL)’s shares declined -3.60% to $16.44.
Whiting Petroleum Corp (WLL) is currently valued at $3.48 billion. The company has 204.14 million shares outstanding and 95.60% shares of the company were owned by institutional investors. The company has 1.27 value in price to sale ratio while price to book ratio was recorded as 0.50. The company exchanged hands with 19.53 million shares as compared to its average daily volume of 9.42 million shares. It beta stands at 2.18.
Whiting Petroleum Corp, production in the third quarter 2015 totaled 14.8 million barrels of oil equivalent (MMBOE), 89% crude oil/natural gas liquids (NGLs). Third quarter 2015 production averaged 160,590 barrels of oil equivalent per day (BOE/d) after 8,700 BOE/d of Q2 2015 property sales. This represents a 38% improvement over the third quarter 2014.
Operating and Financial Results
No Change to $3.5 Billion of Credit Commitments
In October, the lenders under Whiting’s revolving credit agreement accomplished their semi-annual redetermination of the borrowing base. Under their current price deck, lenders set a $4.0 billion borrowing base. There was no change to the $3.5 billion in aggregate commitments. There were no changes to the interest rates, fees or repayment terms of the credit line, which matures in December 2019. Whiting and its lenders also agreed to extend the 2.5 to 1.0 senior secured debt to EBITDAX covenant and institute a 2.25 to 1.0 EBITDAX to merged cash interest charges covenant. Both remain in effect through March 31, 2018. Whiting is well within both these covenants. No funds were drawn on the credit facility as of September 30, 2015.
$400 Million of Total Asset Sales Year-to-Date
Year-to-date, Whiting has accomplished a total of about $400 million of non-core asset sales with estimated remaining 2015 production of 11.6 MBOE/d. This comprises a package of older, conventional, operated and non-operated properties located in the Rockies, Permian and Gulf Coast areas, which was sold to private buyers for $52 million subsequent to the end of the quarter. The effective date for the sale is October 1, 2015 and the closing date is planned to occur on November 12, 2015. Estimated remaining 2015 production is 2,500 BOE/d.
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration, development, acquisition and production of crude oil, NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Company’s Rocky Mountains operations comprise assets in the states of Colorado, Montana, North Dakota, Utah and Wyoming.
Jarden Corp (NYSE:JAH)’s shares dropped -4.77% to $44.53.
Jarden Corp (JAH) offered 13.80% EPS for prior five years. The company has 8.40% return on equity value while its ROI ratio was 5.90%. The company has $10.25 billion market capitalizations and the institutional ownership was 82.20%. Its price to book ratio was 3.20. Volatility of the stock was 3.79% for the week while for the month booked as 2.65%.
Jarden Corporation (Jarden) is a global consumer products company. The Company operates in three primary business segments: Branded Consumables, Consumer Solutions and Outdoor Solutions. The Branded Consumables segment manufactures or sources, markets and distributes branded consumer products.
At the end of Thursday’s trade, Southern Co (NYSE:SO)‘s shares dipped -0.84% to $44.95.
Southern Co (SO) has beta value of 0.04. The company has the market capitalization of $41.18 billion. Return on assets ratio of the company was 3.00% while its return on equity ratio was 10.70%. ATR value of company was 0.66 while stock volatility for week was 1.79% while for month was 1.36%. Debt to equity ratio of the company was -1.36 and its current ratio was -0.80.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power.