Westport Innovations, (NASDAQ:WPRT), Seeks Decline In Response To Its Q4 Financial Results, While Midstates Petroleum Corporation, (NYSE:MPO), Hits New 52-Week Low, Today.

Following U.S. Stocks are among the “Top Losers” during an Early trade Tuesday: Westport Innovations, (NASDAQ:WPRT), Midstates Petroleum Corporation, (NYSE:MPO)

Westport Innovations Inc. (NASDAQ:WPRT), dropped nearly -15.14% in its early trade and is now trading at $4.82.

NEWS Behind This DECLINE:

On Monday, Westport Innovations Inc. (WPRT), stated its financial results for the fourth quarter and year ended December 31, 2014 and offered an update on operations.

Fourth Quarter and Fiscal Year 2014 Highlights:

Proceed & Net Results:

Westport is highlighting the combined segments for proceed for three main reasons:

The global market for natural gas vehicles is growing despite some of the strongest headwinds in years.
Westport believes that proceeds from Westport’s own operations and joint ventures combined provide better clarity on the markets global picture.
Westport anticipates much stronger returns from these segments this year towards its bottom line and thus, are critical pieces to its path to profitability.
Total segments proceed, counting Cummins Westport Inc. (CWI), Weichai Westport Inc. (WWI), and Westport Operations proceed, was $1.1 billion for the year ended December 31, 2014, an raise of 15% over the same period last year and a compound annual growth rate of 43% over the past three years.
CWI joint venture segment proceed was $107.0 million on 3,382 units for the quarter ended December 31, 2014, the second strongest quarterly proceed in the joint venture history due primarily to strong growth in bus applications, with a record volume, up 136% from the same period last year.
CWI stated record net revenue of $14.3 million for the quarter ended December 31, 2014, an raise of 276% from the preceding year as the unfavorable warranty adjustments issue related to the Cummins Westport ISL G appears to be resolved. CWI stated a favorable warranty adjustment net of extended coverage claims of $4.7 million.
CWI segment proceed was $337.2 million on 10,512 units for the year ended December 31, 2014, an raise of 9% in proceed contrast to the preceding year, and net revenue to Westport was $8.1 million for the year, a decrease of 14% contrast to 2013.

Westport Innovations Inc. provides low-emission engine and fuel system technologies utilizing gaseous fuels. The corporation’s technology and products enable light, medium, heavy-duty, and high horsepower petroleum-based fuel engines to use primarily natural gas and alternative fuels. It designs, manufactures, and sells compressed natural gas, liquefied petroleum gas, and liquefied natural gas (LNG) components and subsystems to original equipment manufacturers.

On the other hand, Midstates Petroleum Corporation, Inc. (NYSE:MPO), plunged -19.10% in an opening trade and is now trading at $0.79, hitting new 52-week low of $0.77, soon after Midstates Petroleum declared that its wholly-owned partner, Midstates Petroleum Corporation LLC, has executed a Purchase and Sale Contract (“PSA”) with Pintail Oil and Gas LLC, a portfolio corporation of Ridgemont Equity Partners, for the sale of its Dequincy assets located in Beauregard and Calcasieu Parishes, Louisiana for total consideration of $44 million, subject to customary purchase price adjustments. The PSA comprises Midstates’ ownership interest in developed and undeveloped acreage totaling about 12,700 net mineral acres in the Dequincy area. At year-end 2014, the properties produced about 1,300 barrels of oil equivalent per day. The transaction does not comprise Midstates’ acreage and interests in the Fleetwood area of Louisiana. The net proceeds from the sale will be used to pay down a portion of the outstanding borrowings under the Corporation’s revolving credit facility and for general corporate purposes. The transaction has an effective date of March 1, 2015 and is predictable to close on or before April 30, 2015, subject to customary closing conditions. RBC Richardson Barr acted as advisors to the Corporation on the transaction.

Midstates Petroleum Corporation, Inc. is engaged in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States.