On Wednesday, Shares of KKR & Co. L.P. (NYSE:KKR), gained 2.93% to $16.17.
Leading global investment firm KKR declared an agreement to pursue acquisitions and investment opportunities by establishing an integrated entity to provide asset administration services to the oil and gas industry globally. The platform will be led by Founder and Executive Chairman Deepak Munganahalli, who brings more than 20 years of global oil and gas experience to the company. He will be based in Dubai.
Mr. Munganahalli said, “Our aim is to become an integrated solutions provider for engineering, maintenance, repair and overhaul services for asset owners and operators in the oil and gas industry. Together with KKR and its deep industry and investment expertise, we look forward to providing a differentiated set of capabilities to the industry.”
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.
Shares of Yum! Brands, Inc. (NYSE:YUM), inclined 1.53% to $74.12, during its last trading session.
Yum! Brands (YUM) declared its World Hunger Relief effort has raised $640 million in cash and food donations in the fight against global hunger since the program’s inception in 2007.
Yum! Brands’ World Hunger Relief effort is the world’s largest private sector hunger relief initiative, spanning more than 125 countries, over 41,000 KFC, Pizza Hut and Taco Bell restaurants and 1.5 million associates. The initiative began in 2007 in an effort to raise awareness, volunteerism and funds for the World Food Programme (WFP) and other hunger relief agencies. Yum! also adopted the community of Jinotega, Nicaragua, this year, as part of the Company’s new Feed the World Ambassador Program, which supports infrastructure improvements at local schools that WFP serves. The new employee leadership program is part of the Company’s global World Hunger Relief effort and is a way for Yum! employees to fight global hunger and make a lasting impact in a community in need.
“We’re a company with a Huge Heart and it’s our privilege and responsibility to Feed the World by making a difference in global hunger,” said Greg Creed, Chief Executive Officer, Yum! Brands. “I’m enormously proud of the hard work and passion of our associates and franchisees around the globe who have raised $640 million in cash and food donations, providing 2.6 billion nutritious meals for women and children.”
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
Finally, Penn West Petroleum Ltd (USA) (NYSE:PWE), ended its last trade with 6.53% gain, and closed at $0.944.
Moments ago, Trader’s Choice released new research updates concerning several important developing situations counting the following equities: Xueda Education Group (XUE), Penn West Petroleum Ltd. (PWE), Mizuho Financial Group Inc. (MFG) and Universal Technical Institute Inc. (UTI). Trader’s Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
Highlights from recently’s reports comprise:
On Tuesday, December 22, 2015, Nasdaq Composite ended at 5,001.11, up 0.65%, Dow Jones Industrial Average advanced 0.96%, to finish the day at 17,417.27, and the S&P 500 closed at 2,038.97, up 0.88%.
- Xueda Education Group’s stock edged higher by 0.93% to close Tuesday’s session at USD 5.45. The company’s shares oscillated between USD 5.40 and USD 5.45. The stock recorded a trading volume of 0.23 million shares, which was above its 50-day daily average volume of 0.17 million shares and its 52-week average volume of 0.22 million shares. Over the last three days Xueda Education Group’s shares have advanced 0.93% and in the past one week the stock has moved up 0.55%. Furthermore, over the last three months the stock has gained 5.62% and in the past six months the shares have picked up 41.93%. On a compounded total return basis, the company has returned 2.44% in the past one month. The stock is trading at a price to book (MRQ) ratio of 2.94, higher than its historical PB ratio of 1.34. Additionally, the stock is trading at a price to cash flow (TTM) ratio of 28.33 and price to sales (TTM) ratio of 0.97.
- The stock of Penn West Petroleum Ltd. lost 2.10% to close Tuesday’s session at USD 0.89. The shares of the company moved in the range of USD 0.89 and USD 0.93. A trading volume of 1.22 million shares was recorded, which was lower than its 150-day daily average volume of 3.14 million shares and its 52-week average volume of 3.91 million shares. Over the last five days Penn West Petroleum Ltd.’s shares have declined by 13.14% and in the past one month the stock has lost 13.98%. Additionally, over the last six months the shares have registered a loss of 51.32%. However, the company has returned 78.33% in the last three months on a compounded total return basis. Penn West Petroleum Ltd. has a current dividend yield of 3.30%. The stock is trading at a price to book (MRQ) ratio of 0.14, which compares to a historical PB ratio near to 0.22. Further, the stock is trading at a price to cash flow (TTM) ratio of 2.47 and price to sales (TTM) ratio of 0.43.
Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.
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