On Wednesday, Shares of Magnum Hunter Resources Corp (NYSE:MHR), lost -8.92% to $0.588.
Magnum Hunter Resources Corp (NYSE:MHR), latest closing price of $0.588 is at a discount to its 200-day moving average price of $1.47. Its 52-week range has been $0.30 - $5.33; it is trading at discount versus its 52-week high of $5.31 achieved on Oct 17, 2014 and a premium to its 52-week low of $0.30 faced on Sep 29, 2015. The stock has the market capitalization of 142.55M.
Magnum Hunter Resources Corporation, declared that the Board of Directors has designated Chris Hewitt as Vice President - Finance and Capital Markets effective September 15, 2015. Mr. Hewitt, age 45, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter.
Mr. Hewitt brings more than 14 years of investment banking experience, counting 12 years providing equity and debt capital markets and mergers and acquisition advisory services for large independent oil and gas exploration and production companies. Mr. Hewitt has extensive experience in executing capital market transactions, counting initial public and follow-on equity offerings in addition to investment grade and high yield debt offerings. Preceding to his appointment at Magnum Hunter, Mr. Hewitt served as Director of energy investment banking at Wells Fargo Securities since 2010. During his 9 year tenure at Wells Fargo Securities (formerly Wachovia Capital Markets) he also served as Vice President of energy investment banking. Preceding to joining Wells Fargo / Wachovia, Mr. Hewitt served in various investment banking roles at both Lehman Brothers and Bear Stearns & Company. Mr. Hewitt earned a Bachelor of Arts degree in International Relations from the University of Notre Dame. In addition, Mr. Hewitt holds a Juris Doctorate from the University of Texas School of Law and a Masters of Business Administration from the Fuqua School of Business at Duke University.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
Shares of Energy Transfer Partners LP (NYSE:ETP), inclined 3.54% to $45.31, during its last trading session.
The stock, as of recent close, has shown weekly upbeat performance of 10.40% which was maintained at -26.34% in this year. The stock traded on a volume of 5,508,341, higher than its standard daily volume. The stock has moved down across its 50-day moving average of $45.63.
Bayou Bridge Pipeline, declared the launch of a binding expansion open season to assess additional interest in transportation service from Nederland, Texas, to refining markets in Louisiana on the Bayou Bridge Pipeline (BBP). Bayou Bridge is jointly owned by auxiliaries of Phillips 66 (PSX), Energy Transfer Partners, L.P. (ETP) and Sunoco Logistics Partners L.P. (SXL).
Construction is already underway on the BBP 30-inch pipeline segment from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge anticipates commercial operations for this segment to start in the first quarter of 2016. The results of the expansion open season will be used by Bayou Bridge to determine the diameter of the BBP pipeline segment from Lake Charles to St. James, Louisiana. At St. James, BBP has agreed to a connection with NuStar Energy L.P.’s crude oil terminal and is in negotiations with additional parties to connect to the extensive existing crude oil terminalling infrastructure in the region, counting the Plains Marketing, L.P.’s crude oil terminal. The in-service date for commercial deliveries by Bayou Bridge to St. James, Louisiana, is forecast for the second half of 2017.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
Finally, Shares of BHP Billiton Limited (ADR) (NYSE:BHP), ended its last trade with 4.06% gain, and closed at $35.64.
BHP Billiton Limited (ADR)(NYSE:BHP) has market worth of $88.09B while 3.21B shares were outstanding. The company offered net profit margin of 53.40% while its operating margin was 19.10%. ROE was recorded as 31.80% while beta factor was 1.53.
BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through Petroleum and Potash, Copper, Iron Ore, and Coal segments.
