On Friday, Shares of Patterson-UTI Energy Inc. (NASDAQ:PTEN), gained 4.20% to $22.10.
Patterson-UTI Energy, stated that for the month of April 2015, the Company had an average of 131 drilling rigs operating in the United States and two rigs in Canada.
Average drilling rigs operating stated in the Company’s monthly declarations represent the average number of the Company’s drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
Shares of Macy’s, Inc. (NYSE:M), gained 1.90% to $65.94, during its last trading session.
Macy’s, declared the return of “American Icons,” launching next week in celebration of the American landscape and the people, places and things that make this country great. The campaign will kick off with #AmericanSelfie, a social media initiative inspiring customers to share photos of what America means to them, in addition to fashions from celebrated designers and icons, in-store events and a special program in support of America’s veterans.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
At the end of Friday’s trade, Shares of Ocwen Financial Corp. (NYSE:OCN), lost -0.38% to $10.47.
Ocwen Financial Corporation, joined the Northwest Side Housing Center (NWSHC) and other Chicago-area community leaders to honor all those working to empower the local community at last night’s Celebrate Home annual NWSHC fundraising dinner.
The evening, which featured dinner and an awards presentation, began with opening remarks by James Rudyk, Executive Director of NWSHC and founding member of Ocwen’s Community Advisory Council (CAC), a diverse group of non-profit housing counseling, community development and civil rights organizations that collaborates on critical housing issues and works toward maintaining open lines of communication between mortgage servicers, borrowers and local communities.
Ronald Faris, President and Chief Executive Officer of Ocwen, also spoke during the event, sharing with the packed room the story of Ocwen’s long-standing history of support for the NWSHC — from back in the early days when the organization operated out of a church basement, to its recent relocation made possible by a generous grant from Ocwen to assist with the financing of new office space.
Ocwen Financial Corporation, through its auxiliaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. The company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate.
Finally, DIRECTV (NASDAQ:DTV), ended its last trade with 0.66% gain, and closed at $89.38.
DIRECTV, stated first quarter 2015 results highlighted by solid subscriber growth across the Americas and strong revenue growth at DIRECTV U.S. resulting from improved ARPU and churn performance.
First Quarter Review
DIRECTV’s first quarter revenues of $8.14 billion raised 4% principally due to strong ARPU growth at DIRECTV U.S. First quarter 2015 adjusted OPBDA and adjusted operating profit declined to $2.12 billion and $1.39 billion, respectively, while adjusted OPBDA margin and adjusted operating profit margin declined to 26.0% and 17.0%, respectively. The decline in margin was primarily due to lower margins at Sky Brasil mainly due to customer system migration issues, higher programming and subscriber acquisition expenses at DIRECTV U.S. and raised general and administrative expenses, mainly at the Sports Networks, Eliminations and Other segment primarily due to merger related costs of $26 million in 2015. Stated OPBDA raised 9% to $2.12 billion and stated operating profit reduced to $1.39 billion.
First quarter adjusted net income attributable to DIRECTV declined to $730 million and adjusted diluted earnings per share fell to $1.44 in the quarter mainly due to the lower adjusted operating profit, as well as a $31 million pre-tax non-cash loss associated with the revaluation of U.S. dollar denominated net liabilities in Brazil contrast to a $6 million gain in the preceding year period recorded in “Other, net” on the Merged Statements of Operations. These declines were partially offset by the impact of lower tax expense primarily due to the lower adjusted pre-tax income.
DIRECTV, a digital television entertainment company, engages in the direct-to-home (DTH) business in the United States and Latin America. It acquires, promotes, sells, and distributes digital entertainment programming primarily through satellite to residential and commercial subscribers.
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