On Monday, Shares of Oasis Petroleum Inc. (NYSE:OAS), gained 0.96% to $12.63, regardless of drop in oil prices, on uncertainty about the pace of Iranian nuclear talks.
Light, sweet crude for August delivery closed down 54 cents, or 1%, at $52.20 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, slipped 88 cents, or 1.5%, to $57.85 a barrel on ICE Futures Europe, WSJ Reports.
Today, oil prices declined more than $1 after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual enhance in its oil exports.
Iran and the six powers have reached a deal that will grant Tehran sanctions relief in exchange for curbs on its nuclear programme, Iranian and Western diplomats said.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Shares of Texas Instruments Inc. (NASDAQ:TXN), inclined 0.65% to $49.33, during its last trading session.
Texas Instruments Incorporated, will webcast its second-quarter 2015 earnings conference call on Wednesday, July 22, at 4:30 p.m. Central time. Kevin March, senior vice president and chief financial officer, and Dave Pahl, vice president and head of Investor Relations, will talk about TI’s financial results and answer questions from the investor audience.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.
Finally, Franklin Electric Co., Inc. (NASDAQ:FELE), ended its last trade with -5.66% loss, and closed at $28.34.
Franklin Electric Co. - Franklin Electric has revised its formerly issued earnings guidance for the second quarter ended July 4, 2015.
For the second quarter, the Company anticipates adjusted earnings per share to be about $0.35 as compared to the formerly issued guidance on April 28, 2015 of $0.54 to $0.58, as a result of significantly lower sales. Second quarter revenues were about $37 million below the second quarter 2014, and guidance, with the vast majority of the decline occurring during May and June.
In response, we are ongoing to take cost reduction actions to better position the Company for the future. With these actions, if the revenue decline in the second half of the year is similar to the first half, down about 8 percent as contrast to the second half of 2014, we expect that our earnings will be about the same as the second half of 2014. If the decline is less, then our earnings should show year-over-year improvement.”
The company will provide further information on the second quarter financial results and outlook during its earnings conference call presently planned for July 28, 2015.
Franklin Electric Co., Inc., together with its auxiliaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in two segments, Water Systems and Fueling Systems. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.
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