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Thursday 28 May 2015
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Dipping Stocks Update: Goldcorp (NYSE:GG), American Residential Properties (NYSE:ARPI), Halcon Resources (NYSE:HK), Roundy’s (NYSE:RNDY)

On Tuesday, Goldcorp Inc. (USA) (NYSE:GG)’s shares declined -4.37% to $18.59.

Goldcorp Inc. (USA) (GG) declared it has for the second successive time been named to the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index. This listing ranks Goldcorp as one of the top 100 companies in the world for its sustainability reporting and performance. Goldcorp was recognized for taking a leadership role in disclosing its carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, administration composition and community investing.

Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.

American Residential Properties Inc (NYSE:ARPI)’s shares dropped -0.16% to $19.19.

American Residential Properties Inc (ARPI) stated its results for the quarter ended March 31, 2015.

First Quarter 2015 Highlights

  • Raised the leased rate on the total portfolio to 89%, up from 81% as of year-end.
  • Reached a leased rate of 93% on stabilized properties, up from 92% as of year-end.
  • Raised total leased properties by 867 homes, producing a 12% enhance in the number of leased properties contrast to the preceding quarter.
  • Achieved rent enhances averaging 3.8% on renewals with an overall resident retention rate of 72%.
  • Raised rents on new leases by an average of 4.0% nationwide.
  • Closed on preceding commitments to acquire an additional 149 single-family homes, bringing the total portfolio of homes owned to 9,038.
  • Owned $19 million in short-term private mortgage loans with a weighted-average interest rate of 11.95%.

American Residential Properties, Inc. is a real estate investment trust. It is based in Scottsdale, Arizona.

At the end of Tuesday’s trade, Halcon Resources Corp (NYSE:HK)‘s shares dipped -7.56% to $1.10.

Halcon Resources Corp (HK) declared its first quarter 2015 results.

The Company generated revenues of $136.2 million for the three months ended March 31, 2015. Production raised 18% quarter over preceding year quarter to an average of 43,078 barrels of oil equivalent per day (Boe/d). First quarter 2015 production was 80% oil, 9% natural gas liquids (NGLs) and 11% natural gas.

Counting the impact of hedges, Halcón realized 153% of the average NYMEX oil price, 24% of the average NYMEX oil price for NGLs and 114% of the average NYMEX natural gas price during the period.

Total operating costs per unit, after adjusting for selected items (see Selected Operating Data table for additional information), reduced by 31% to $19.60 per Boe in the first quarter of 2015, contrast to the first quarter of 2014.

Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising about 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering about 101,000 acres of area in Brazos, Burleson, and Robertson counties.

Roundy’s Inc (NYSE:RNDY), ended its Tuesday’s trading session with -19.82% loss, and closed at $3.60.

Roundy’s Inc (RNDY) declared the pricing of an underwritten secondary offering of 3.5 million shares of its common stock owned by funds controlled by Willis Stein and Partners, LLC at a price to the public of $3.50 per share. An additional 525,000 shares may be sold by Willis Stein if the underwriter exercises in full its option to purchase additional shares. Roundy’s will not receive any proceeds from this secondary offering. The offering is predictable to close on May 22, 2015.

Roundy’s, Inc. operates retail grocery stores. The company’s stores offer non-perishable food products, counting grocery, frozen, and dairy products; perishable products, such as produce, meat, seafood, deli, bakery, and floral; and non-food products comprising general merchandise, health and beauty care, pharmacy, and alcohol. Its stores sell various products under national brands, in addition to under its own brands, counting Roundy’s Select, Roundy’s, and Clear Value.

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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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