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Sunday 19 April 2015
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Losers Stocks Updates: Baytex Energy (NYSE:BTE), United Rentals, (NYSE:URI), HCA Holdings (NYSE:HCA), Abraxas Petroleum (NASDAQ:AXAS)

On Thursday, Baytex Energy Corp (USA) (NYSE:BTE)’s shares declined -1.84% to $18.72.

On April 15, Baytex Energy Corp, reports that a cash dividend of $0.10 per common share in respect of April operations will be paid on May 15, 2015 to shareholders of record on April 30, 2015. The ex-dividend date is April 28, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

The U.S. dollar equivalent dividend amount is about US$0.0801 per share assuming a foreign exchange rate of $0.8014 USD/CAD. The actual U.S. dollar equivalent dividend for shareholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered shareholders are paid directly by Baytex’s transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent dividend will be based on the exchange rate in effect on the record date and net of applicable Canadian withholding taxes.

Baytex Energy Corp., an oil and gas company engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids. As of December 31, 2014, it had proved reserves of 283 million barrels of oil equivalent (mmboe); and proved plus probable reserves of 432 mmboe. The company was founded in 1993 and is headquartered in Calgary, Canada.

United Rentals, Inc (NYSE:URI)’s shares dropped -1.82% to $97.49, during the last trading session on Thursday.

On April 6, United Rentals, Inc. will hold its first quarter 2015 conference call with Michael Kneeland, chief executive officer, William Plummer, chief financial officer, and Matt Flannery, chief operating officer, on Wednesday, April 22, 2015, at 11:00 a.m. Eastern Time.

The company’s 2015 first quarter press release will be issued and accessible at unitedrentals.com after the market close on Tuesday, April 21, 2015.

United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions. The company offers about 3,300 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers.

At the end of Thursday’s trade, HCA Holdings Inc (NYSE:HCA)‘s shares dipped -1.80% to $77.81.

On April 15, HCA Holdings Inc. declared preliminary financial and operating results for the first quarter ended March 31, 2015. The financial results are subject to finalization of the Company’s quarterly financial and accounting procedures.

HCA anticipates revenues for the first quarter of 2015 will be about $9.675 billion contrast to $8.832 billion in the first quarter of 2014. Income before income taxes for the first quarter is predictable to approximate $1.075 billion contrast to $680 million in the preceding year period. Net income per diluted share for the first quarter of 2015 is predictable to be about $1.35 per diluted share contrast to $0.76 for the first quarter of 2014. Adjusted EBITDA for the first quarter is predictable to be about $1.960 billion contrast to $1.644 billion in the previous year’s first quarter. Adjusted EBITDA is a non-GAAP financial measure. A table reconciling predictable income before income taxes to Adjusted EBITDA is comprised of in this release.

“We are very happy with the results of the first quarter. The majority of the first quarter performance was driven by continued favorable volume and payor trends in our core operations,” stated R. Milton Johnson, Chairman and Chief Executive Officer.

Same facility revenue per equivalent admission is predictable to raise about 1.6 percent in the first quarter of 2015 contrast to the preceding year’s first quarter.

The Company’s revised 2015 guidance contains a number of assumptions that remain unchanged from its February 2015 guidance, counting:

  • The Company estimates about 6 to 7 percent of Adjusted EBITDA is attributable to the Patient Protection and Affordable Care Act (Health Reform Law);
  • EHR incentive income of $40-$50 million and EHR expenses in a range of $30-$40 million, as contrast to EHR incentive income of $125 million and EHR expenses of $112 million in 2014;
  • A raise in share-based compensation expense to about $224 million from $163 million in 2014;
  • 2015 guidance excludes the influence of items such as, but not limited to, gains or losses on sales of facilities, losses on retirement of debt, legal claim costs and impairments of long-lived assets; and
  • 2015 guidance does not comprise any anticipated contribution in 2015 from certain items which positively influenced 2014 Adjusted EBITDA, counting: (i) a $142 million raise to Medicaid revenues reflecting payments in excess of our estimates for the indigent care component of the Texas Medicaid Waiver Program for the program year ended September 30, 2013, and recorded in the 2nd quarter of 2014, (ii) $70 million less of Medicaid revenues related to the Texas Medicaid Waiver Program and (iii) $90 million in Medicare revenues recorded in 3Q 2014 in settlement for certain claims denied by Recovery Audit Contractors (“RAC”).

HCA Holdings, Inc., through its auxiliaries, provides health care services in the United States. It operates general, acute care hospitals that offer medical and surgical services, counting inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

Abraxas Petroleum Corp (NASDAQ:AXAS), ended its Thursday’s trading session with -1.80% loss, and closed at $3.81.

On April 13, Abraxas Petroleum Corp, will host its first quarter 2015 earnings conference call on Thursday, May 7, 2015 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans to declare first quarter 2015 operating and financial results preceding to the call.

Forthcoming Presentation

Bob Watson, President and CEO of Abraxas, will be presenting at IPAA OGIS New York on Monday, April 20, 2015 at 2:50 PM ET.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions. As of December 31, 2014, its estimated net proved reserves were 42.4 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.

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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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