On Wednesday, in the course of current trade, Shares of Oasis Petroleum Inc. (NYSE:OAS), climbed 0.82%, and is now trading at $8.69.
Oasis Petroleum, declared financial results for the quarter ended June 30, 2015 and offered an operational update.
Highlights comprise:
- Exceeded production guidance range and raised average daily production to 50,261 barrels of oil equivalent per day (“Boepd”), a 15% enhance over the second quarter of 2014.
- Accomplished and placed on production 21 gross (18.5 net) operated and 1.2 net non-operated wells in the second quarter of 2015.
- Total capital expenditures (“CapEx”) were $170.4 million, in line with the Company’s plan, for the three months ended June 30, 2015.
- Reduced lease operating expenses (“LOE”) per barrel of oil equivalent (“Boe”) to $8.26, a 19% decrease from the second quarter of 2014 and a 4% sequential quarter decrease.
- Grew Adjusted EBITDA by 17% to $245.4 million in the second quarter of 2015, up from $208.9 million in the first quarter of 2015. For a definition of Adjusted EBITDA and a reconciliation of net income and net cash offered by operating activities to Adjusted EBITDA, see “Non-GAAP Financial Measures” below.
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.
During an Afternoon trade, Shares of Cypress Semiconductor Corporation (NASDAQ:CY), climbed 0.09%, and is now trading at $11.24.
Cypress Semiconductor Corp., declared that its Board of Directors has approved a quarterly cash dividend of $0.11 per share payable to holders of record of the Company’s common stock at the close of business on September 24, 2015. This dividend will be paid on October 15, 2015.
The dividend will be paid from U.S. domestic sources other than the Company’s retained earnings and is predictable to be treated as a return of capital for U.S. tax purposes for the 2015 fiscal year. Cypress’s dividend policy and the payment of cash dividends under that policy are subject to the Board’s ongoing determination that the dividend policy and the declaration of dividends are in the best interests of Cypress’s stockholders and are in compliance with all laws and agreements of Cypress applicable to the declaration and payment of cash dividends. The dividend policy may be changed or cancelled at the Company’s discretion at any time.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Finally, Kulicke and Soffa Industries Inc. (NASDAQ:KLIC), gained 2.32% Wednesday.
Kulicke & Soffa Industries, declared a conference call is planned to talk about the Company’s third quarter 2015 financial results, and its business outlook on Tuesday, August 4, 2015 at 8:00am EDT. The Company will issue its third quarter 2015 results preceding to the conference call.
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices, counting integrated circuits, discrete devices, light-emitting diodes (LED), and power modules. It operates in two segments, Equipment and Expendable Tools.
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