On Thursday, Following Stocks were among the “Top 100 Gainers” In U.S. Stock Exchange: PDC Energy (NASDAQ:PDCE), Miller Energy Resources (NYSE:MILL), Cobalt International Energy, (NYSE:CIE), Bill Barrett (NYSE:BBG)
On March 23, 2015 PDC Energy Inc (NASDAQ:PDCE) disclosed that it has closed its formerly promulgated underwritten public offering of 4,002,000 shares. The net proceeds from the offering were about $203 million after deducting underwriters’ compensation (but before estimated expenses). Goldman, Sachs & Co. and J.P. Morgan Securities LLC acted as the sole underwriters of the offering.
PDC Energy Inc (NASDAQ:PDCE) rose 4.07%, and closed at $54.49. The stock has the beta value of 1.56, and its volatility for the week is 3.65%, while for the month it is 4.25%. The company has the market capitalization of $2.09 billion. The company holds the book value per share of 31.73, whereas cash per share is 0.45. Price to book ratio remained 1.72, while price to sale ratio is 2.29. Analysts mean recommendation for the stock is said to be 1.90 (where 1=Buy, 5=sale).
PDC Energy Inc (PDCE) an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing.
Formerly On March 12, 2015 Miller Energy Resources Inc (NYSE:MILL) disclosed for the third quarter of fiscal 2015, which ended January 31, 2015
Third Quarter Highlights
Net production was 312.9 Mboe, up 39% from the 225.4 Mboe in the third quarter of fiscal 2014.
Total revenues increased 22% to $20.3 million from $16.6 million in the third quarter of fiscal 2014.
Adjusted EBITDA increased 669% to $33.2 million from $4.3 million in the third quarter of fiscal 2014. Adjusted EBITDA for the quarter included $21.5 million, net of allowance, attributable to the Company’s application for a carried forward annual-loss credit with the State of Alaska, lower general and administrative costs, increased net cash receipts on derivative settlements, offset by additional costs related to the Savant acquisition.
Miller Energy Resources Inc (NYSE:MILL) enhanced 4.06%, and closed at $0.80. The company holds the market capitalization of $37.52 million. For the last twelve months, the stock was able to keep return on equity at -286.00%, while return on assets at -59.00%, in response to its return on investment at -2.50%. Its 20-day moving average decreased -37.64%, below 50-day moving average of -42.73%, below 200-day moving average of -75.48% from the latest market price of $0.80. The mean recommendation of analysts for this stock is 2.00. (Where 1=Buy, 5=Sale).
Miller Energy Resources Inc (MILL) an independent exploration and production company, explores for, develops, and operates oil and gas wells in south-central Alaska. As of April 30, 2014, the company owned approximately 315,913 net acres of leasehold interests, exploration license rights to an additional 108,673 net acres, and interests in 12 crude oil and 11 natural gas wells in Alaska. The company is headquartered in Knoxville, Tennessee.
Cobalt International Energy, Inc. (NYSE:CIE) inclined 4.04%, and closed at $9.78. The company has the market capitalization of $4.02 billion. The beta value of the stock is 2.16. On the other hand the stock’s volatility for the week is 3.78%, and for the month is 4.02%. The stock’s price to book ratio is $1.88. Analyst’s mean recommendation regarding this stock is 2.30. (Where 1=Buy, 5=Sale).
Cobalt International Energy, Inc. (CIE) along with its subsidiaries, holds in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
Formerly On March 20, 2015 Bill Barrett Corporation (NYSE:BBG) proclaimed the final results of its previously announced offer to purchase its 5% Convertible Senior Notes due 2028 (CUSIP 06846NAA2). The holders’ right to tender notes for purchase expired at 5:00 p.m., New York City time, on March 19, 2015 (the “offer”). The Company has been advised by Deutsche Bank Trust Company Americas, the paying agent, that $24,764,900 aggregate principal amount of the notes were validly surrendered to the paying agent and not withdrawn. The Company has accepted all such notes for payment. In accordance with the terms of the indenture governing the notes, the Company has forwarded to the paying agent the appropriate amount of cash required to pay the total cash purchase price of almost $24.8 million for the surrendered notes, including accrued interest, and the paying agent will distribute the cash to the holders as soon as practicable in accordance with the indenture governing the notes. After the offer, $579,100 aggregate principal amount of the notes is outstanding. The Company has the right, with at least 30 days’ notice, to call the remaining notes.
Bill Barrett Corporation (NYSE:BBG)’s shares picked up 4.02%, and closed at $8.53. The stock volatility for the week is 8.31%, while for the month remained 7.99%. The company holds consensus target price of $11.03.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed 0.25 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 107.60% and Annual EPS growth for the past 5 years is considered as -22.70%.
The mean recommendation of analysts for this stock is 3.00. (Where 1=Buy, 5=Sale).
Bill Barrett Corporation (BBG) an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The data demonstrated 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.
