On Thursday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: C&J Energy Services, Inc. (NYSE:CJES), Midstates Petroleum Company, Inc. (NYSE:MPO), Verint Systems Inc. (NASDAQ:VRNT), Signet Jewelers Limited (NYSE:SIG)
C&J Energy Services, Inc. (NYSE:CJES), with shares gained 6.26%, closed at $12.90.
Midstates Petroleum Company, Inc. (NYSE:MPO), with shares jumped 6.44%, settled at $0.988.
Verint Systems Inc. (NASDAQ:VRNT), with shares climbed 6.16%, and closed at $62.23, hitting new 52-week high of $62.44.
Signet Jewelers Limited (NYSE:SIG), surged 6.02%, and closed at $135.00, hitting new 52-week high of $135.98.
Latest NEWS regarding these Stocks are depicted underneath:
C&J Energy Services, Inc. (NYSE:CJES)
Formerly on March 20, C&J Energy Services, Inc. (CJES), declared that at a special stockholder meeting held recently, March 20, 2015, C&J stockholders approved, among other matters, the projected merger contemplated by the Contract and Plan of Merger, dated as of June 25, 2014, by and among C&J, Nabors Industries Ltd., Nabors Red Lion Limited, Nabors CJ Merger Co. and CJ Holding Co. If the merger of C&J with Nabors’ completion and production services business is accomplished, Nabors CJ Merger Co., a direct wholly-owned partner of Red Lion, will merge with and into C&J, with C&J surviving as a wholly-owned partner of Red Lion. In connection with the closing of the Merger, Red Lion will change its name to “C&J Energy Services Ltd.” and will be listed on the New York Stock Exchange under the ticker “CJES”.
C&J Energy Services, Inc. provides hydraulic fracturing, coiled tubing, cased-hole wireline, pumpdown, and other complementary services to oil and natural gas exploration and production companies in the United States.
Midstates Petroleum Company, Inc. (NYSE:MPO)
Midstates Petroleum Company, Inc. (MPO), and its wholly-owned partner Midstates Petroleum Corporation LLC declared that, as a result of its lenders’ semiannual review, the borrowing base under its revolving credit facility has been reaffirmed at $525 million, with no reduction upon the anticipated closing in April of the Dequincy property sale. The Corporation also amended the leverage ratio covenant associated with the borrowing base to expand it to 4.5 times through December 31, 2015. The borrowing base is supported solely by the Corporation’s Midcontinent assets and on December 31, 2014, the Corporation had $435 million drawn under this facility.
Jake Brace, President and CEO, stated, “This is another positive step and reconfirms the strength of our premier Mississippian Lime position in addition to our growth in production and proved reserves. The combination of our strong 2015 hedge position, continued focus on aggressively managing our level of capital expenditures and the proceeds from the pending sale of our Dequincy assets will give us time to thoughtfully proceed with our review of options to further enhance our liquidity and provide financial flexibility.”
Midstates Petroleum Corporation, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The corporation was founded in 1993 and is headquartered in Tulsa, Oklahoma.
Verint Systems Inc. (NASDAQ:VRNT)
Verint Systems Inc. (VRNT), declared that it will host an investor day on Tuesday, June 9, 2015 in Las Vegas. The event will take place at the same venue as the corporation’s Engage™ enterprise global customer conference, June 8-11, 2015.
The Verint Investor Day will feature presentations from the corporation’s administration team, discussions with Verint enterprise customers, and demonstrations of the corporation’s solutions, counting its new advanced cyber security threat protection solution.
Verint Systems Inc. provides Actionable Intelligence solutions and value-added services worldwide. Its Enterprise Intelligence Solutions segment offers workforce optimization solutions comprising quality monitoring, full-time and compliance recording, voice biometrics/fraud detection, voice of the customer analytics, workforce administration, desktop and process analytics, performance administration, eLearning and coaching, and public safety workforce optimization; and customer service solutions, counting agent desktop, case administration, email administration, knowledge administration, live chat, co-browse, experience analytics, Web self-service, and experience community solutions for the customer engagement optimization market.
Signet Jewelers Limited (NYSE:SIG)
Signet Jewelers Limited (SIG), declared its results for the 13 weeks and 52 weeks ended January 31, 2015. Results reflect the addition of Zale Corporation, attained on May 29, 2014, in addition to purchase accounting and transaction costs related to that attainment.
Capital Strategy:
The Corporation anticipates to maintain a strong balance sheet that provides the flexibility to execute its planned priorities, invest in its business, and return excess cash to shareholders while ensuring adequate liquidity. Signet is committed to maintaining its investment grade rating because long-term, it intends to pursue value-enhancing planned growth initiatives. Among the key tenets of Signet’s capital strategy:
- Achieve adjusted debt/ adjusted EBITDAR of 3.5x or below. At year-end, adjusted leverage ratio was 4.0x which implies no additional debt financing in Fiscal 2016, but should allow for utilizing accessible sources of debt in Fiscal 2017 and beyond.
- Distribute 70% to 80% of annual free cash flow1 in the form of stock repurchases or dividends barring any other planned uses of capital.
- Consistently raise the dividend annually barring any other planned uses of capital.
- Repurchase $100 million to $150 million of Signet stock by the end of Fiscal 2016. The Corporation has a remaining authorization of $265.6 million. As the current program runs out, Signet plans to initiate a new program in-line with leverage and free cash flow targets.
- Evaluate utilizing additional capacity under Signet’s asset backed securitization facility starting in Fiscal Year 2017. This evaluation will be done in conjunction with Signet’s planned growth initiatives and adjusted leverage ratio target of 3.5x or below.
Signet Jewelers Limited is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The corporation operates through US and UK divisions.
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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.
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