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Saturday 9 May 2015
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Latest Update

Major Falls in Review: Gulfport Energy (NASDAQ:GPOR), Hain Celestial Group (NASDAQ:HAIN), JinkoSolar Holding (NYSE:JKS), Western Refining, (NYSE:WNR)

On Wednesday, Gulfport Energy Corporation (NASDAQ:GPOR)’s shares declined -3.48% to $45.42.

Gulfport Energy Corporation (GPOR) stated financial and operational results for the quarter ended March 31, 2015 and offered an update on its 2015 activities. Key information is as follows:

  • First quarter of 2015 net production averaged 424.4 MMcfe per day, an enhance of 161% contrast to the first quarter of 2014 and an enhance of 11% as contrast to the fourth quarter of 2014.
  • Estimated April 2015 net production averaged 437 MMcfe per day, a 3% enhance over the first quarter of 2015.
  • First quarter of 2015 realized natural gas price before the impact of derivatives and counting transportation costs averaged $2.77 per Mcf, a $0.21 per Mcf negative differential to NYMEX.
  • Net income of $25.5 million, or $0.30 per diluted share, for the first quarter of 2015.
  • Adjusted net loss of $7.2 million, or $0.08 per diluted share, for the first quarter of 2015.

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States.

Hain Celestial Group Inc (NASDAQ:HAIN)’s shares dropped -3.41% to $59.17.

Hain Celestial Group Inc (HAIN) stated results for its third quarter ended March 31, 2015.

Third Quarter Performance Highlights

  • Record third quarter net sales of $662.7 million, a 19% enhance over the preceding year period. Foreign exchange rate changes on a year-over-year basis influenced sales by $26 million. Not taking into account the effect of these exchange rate changes, sales would have been $688.7 million, or a 24% enhance over the preceding year period.
  • Earnings per diluted share of $0.32; adjusted earnings per diluted share of $0.45. Unfavorable foreign currencies influenced stated results by $0.04 per diluted share and by $0.01 per adjusted diluted share.

The Hain Celestial Group, Inc., together with its auxiliaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe.

At the end of Wednesday’s trade, JinkoSolar Holding Co., Ltd. (NYSE:JKS)‘s shares dipped -3.31% to $27.14.

JinkoSolar Holding Co., Ltd. (JKS) declared that it has supplied about 3 MW of PV modules to Embotelladora de Sula S.A. (“EMSULA”) for Honduras’ largest rooftop solar system, which is also the largest solar PV rooftop project in Central America.

Located in San Pedro Sula, the about 3MW rooftop project covers an area of 34,000 M2 and sits on top of a modern production facility for bottled soft drinks, juices and purified water. The project is developed by Smartsolar, a company dedicated to the development of photovoltaic projects on roofs for commercial and industrial use in Central America. The project was successfully accomplished in March, 2015.

JinkoSolar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally.

Western Refining, Inc. (NYSE:WNR), ended its Wednesday’s trading session with -3.31% loss, and closed at $42.91.

Western Refining, Inc. (WNR) declared its Board of Directors approved a $0.34 per share dividend for the second quarter of 2015, a 13% enhance from the $0.30 per share dividend paid in the first quarter of 2015. The dividend will be paid on May 20, 2015, to shareholders of record at the close of market on May 5, 2015.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in four segments: Refining, NTI, WNRL, and Retail.

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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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