Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles offered a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices, according to Reuters.
Concerns that U.S. inventories could build again from higher crude imports and refinery outages kept a lid on the rebound.
U.S. crude futures CLc1 settled up 22 cents, or 0.5 percent, at $43.30 a barrel, after gaining almost 80 cents at the session high. The market lost $1.88, or more than 4 percent, on Tuesday, settling at $43.08 a barrel, its lowest since March 2009. Reuters Reports
On Wednesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -2.31% to $8.02, after Jefferies reduced its price target to $6 from $8, which maintained its “underperform” rating.
Chesapeake Energy burned through $2.1 billion of cash in the first half year counting $800 million to address working capital deficits, the firm noted.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of NVIDIA Corporation (NASDAQ:NVDA), inclined 0.25% to $23.72, during its last trading session.
NVIDIA Corporation stated revenue for the second quarter ended July 26, 2015, of $1.153 billion, up 5 percent from $1.103 billion a year earlier, and up marginally from $1.151 billion the previous quarter.
GAAP earnings per diluted share for the quarter were $0.05. This comprises a charge of $0.19 per diluted share in connection with the company’s decision to wind down its Icera® modem operations, after a viable buyer failed to emerge. It also comprises a charge of $0.02 per diluted share related to the NVIDIA SHIELD™ tablet recall.
Non-GAAP earnings per diluted share were $0.34, up 13 percent from $0.30 a year earlier, and up 3 percent from $0.33 in the previous quarter.
Capital Return
During the second quarter, NVIDIA paid $52 million in cash dividends and $400 million in share repurchases — returning an aggregate of $452 million to shareholders. In the year’s first half, the company returned an aggregate of $551 million to shareholders.
NVIDIA will pay its next quarterly cash dividend of $0.0975 per share on September 11, 2015, to all shareholders of record on August 20, 2015.
NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors.
Finally, Anadarko Petroleum Corporation (NYSE:APC), ended its last trade with 3.48% gain, and closed at $78.10.
The Board of Directors of Anadarko Petroleum Corporation declared a quarterly cash dividend on the company’s common stock of 27 cents per share, payable Sept. 23, 2015, to stockholders of record at the close of business on Sept. 9, 2015.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.
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 with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
