Saturday , 28 March 2015

Latest News
Home » Business & Finance » Momentum Stocks Alert: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Corp (NYSE:ECR), Bonanza Creek Energy Inc (NYSE:BCEI)
Momentum Stocks Alert: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Corp (NYSE:ECR), Bonanza Creek Energy Inc (NYSE:BCEI)

Momentum Stocks Alert: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Corp (NYSE:ECR), Bonanza Creek Energy Inc (NYSE:BCEI)

March 19, 2015 10:21 am by: Category: Business & Finance Leave a comment A+ / A-

On Wednesday, Following Stocks were among the “Top 50 Gainers” of U.S. Stock Market: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Corp (NYSE:ECR), Bonanza Creek Energy Inc (NYSE:BCEI)

HubSpot Inc (NYSE:HUBS), with shares inclined 11.93%, closed at $41.76.

Energy XXI Ltd (NASDAQ:EXXI), with shares jumped 11.93%, settled at $3.66.

Eclipse Resources Corp (NYSE:ECR), with shares climbed 10.17%, and closed at $6.39.

Bonanza Creek Energy Inc (NYSE:BCEI), surged 10.07%, and closed at $26.24.

Latest NEWS regarding these Stocks are depicted underneath:

HubSpot, Inc. (NYSE:HUBS)

On Tuesday, HubSpot, Inc. (HUBS), a leading inbound marketing and sales software corporation, declared the pricing of its follow-on public offering of 4,114,486 ordinary shares at a price to the public of $37.00 per share. The offering comprises of 3,264,486 shares from certain existing stockholders and 850,000 shares from HubSpot. In addition, HubSpot and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 617,172 ordinary shares.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and UBS Securities LLC will serve as book-running managers for the offering, and Pacific Crest Securities LLC, Canaccord Genuity Inc., Raymond James & Associates, Inc., and Needham & Corporation will serve as co-managers.

HubSpot, Inc. provides a cloud-based inbound marketing and sales software platform for businesses in the United States, Ireland, and Australia. Its software platform comprises of integrated applications, such as social media, search engine optimization, blogging, Website content administration, marketing automation, email, and analytics and reporting that enable businesses to attract visitors to their Websites, convert visitors into leads, and close leads into customers.

Energy XXI Ltd. (NASDAQ:EXXI)

Formerly on March 5, Energy XXI Ltd. (EXXI), declared that it has priced its private offering to qualified institutional buyers of $1.45 billion principal amount of 11.000% Senior Secured Second Lien Notes due 2020. The offering size was raised to $1.45 billion from $1.25 billion. The offering closed on March 12, 2015, subject to satisfaction of customary closing conditions.

Energy XXI (Bermuda) Limited is engaged in the attainment, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico. As of June 30, 2014, the corporation had proved reserves of 246.2 million barrels of oil equivalent. It operated or had an interest in 984 gross producing wells on 432,954 net developed acres, counting interests in 61 producing fields. Energy XXI (Bermuda) Limited was founded in 2005 and is headquartered in Houston, Texas.

Eclipse Resources Corporation (NYSE:ECR)

Formerly on March 4, Eclipse Resources Corporation (ECR), an independent exploration and production corporation, declared its 2014 and fourth quarter 2014 financial and operational results. Highlights for the year and fourth quarter comprise:

  • 2014 adjusted net production averaged about 73.5 MMcfe(1) per day for the year, contrast to 4.5 MMcfe per day for 2013
  • Fourth quarter 2014 adjusted net production raised to 130.7 MMcfe(1) per day, representing a 52% raise in production as contrast to the third quarter of 2014
  • 2014 average daily net liquids production was 3,098 barrels per day, surpassing the midpoint of the Corporation’s formerly issued guidance and representing 26% of total net production
  • Fourth quarter 2014 average daily net liquids production was 5,480 barrels per day, or 27% of total net production, and represented an raise of 78% contrast to the third quarter of 2014
  • 2014 adjusted proceeds grew to $138.0 million(1), representing a 967% raise from 2013, and grew to $52.6 million in the fourth quarter of 2014, a 45% raise relative to the third quarter of 2014
  • Adjusted EBITDAX(1) grew to $62.4 million for the year and was $25.9 million for the fourth quarter, representing a 98% raise relative to the third quarter of 2014
  • Unit operating costs were $1.27 per Mcfe for the year and fourth quarter 2014 unit operating costs were $1.17 per Mcfe, a $0.28 reduction relative to the midpoint of guidance and a $0.23 reduction relative to the third quarter of 2014
  • 2014 capital expenditures were $809 million, in-line with our guidance for the year
  • Proved reserves at the end of 2014, raised by 353% to about 355.8 Bcfe (28% liquids) with a pre-tax PV-10(1) of $509.4 million
  • 28 gross (22 net) operated and 65 gross (10 net) non-operated Utica Shale wells turned to sales during 2014 and 11 gross (9 net) operated and 19 gross (2 net) non-operated Utica Shale wells turned to sales during the fourth quarter of 2014
  • Reduced drilling times and raised accomplished stages per day with average drilling times reduced by 36% to 16 days as contrast to the IPO plan of 25 days, and with average accomplished stages per day improving by 67% from 3 stages per day to 5 stages per day
  • Subsequent to year-end, Eclipse Resources closed its declared sale of ordinary equity raising net proceeds of about $434 million and providing the Corporation with about $575 million of pro forma liquidity at year-end.

Eclipse Resources Corporation, an independent exploration and production corporation, attains and develops oil and natural gas properties in the Appalachian Basin. The corporation owns interests in the Utica Shale and Marcellus Shale areas. As of December 31, 2014, it had an acreage position approximating 221,700 net acres in Eastern Ohio. The corporation’s estimated proved reserves comprised of 355.8 billion cubic feet of natural gas equivalent. Eclipse Resources Corporation was founded in 2011 and is headquartered in State College, Pennsylvania.

Bonanza Creek Energy, Inc. (NYSE:BCEI)

Formerly on February 26, Bonanza Creek Energy, Inc. (BCEI), an independent energy corporation, stated its fourth quarter and full year 2014 financial and operating results. Unless noted, all references to barrel of oil equivalent (boe) volumes related to activities accomplished in the Rocky Mountain region during 2014 have incorporated 6:1 gas to liquids conversion of two-stream (oil and wet gas) volumes.

Net proceed for fourth quarter 2014 was $123.2 million, contrast to $133.1 million for fourth quarter 2013. Crude oil and liquids accounted for about 84% of total proceed.

Average realized prices for fourth quarter 2014, before the effect of commodity derivatives, were $63.39 per Bbl of oil, $4.64 per Mcf of natural gas and $42.48 per Bbl of NGLs, contrast to $86.91 per Bbl of oil, $4.86 per Mcf of natural gas and $49.36 per Bbl of NGLs for fourth quarter 2013.

Lease operating expense for fourth quarter 2014 was $19.1 million, or $8.02 per Boe, contrast to $10.8 million, or $5.55 per Boe, for fourth quarter 2013.

General and administrative expense (“G&A”) for fourth quarter 2014 was $18.5 million, or $7.77 per Boe, contrast to $15.2 million, or $7.85 per Boe, for fourth quarter 2013. Cash G&A (non-GAAP, excludes stock-based compensation expense)(2) was $15.1 million, or $6.34 per Boe for the fourth quarter of 2014 contrast to $12.3 million, or $6.34 per Boe for fourth quarter 2013.

Depreciation, depletion and amortization for fourth quarter 2014 was $70.3 million, or $29.51 per Boe, contrast to $50.5 million, or $26.01 per Boe, for the fourth quarter 2013.

Interest expense for fourth quarter 2014 was $14.5 million contrast to $8.0 million for the fourth quarter 2013.

Fourth quarter earnings also comprised of a non-cash, pre-tax charge of $167.6 million related to the impairment of proved properties within the Dorcheat Macedonia Field, the McKamie Patton Field and the McCallum Field primarily due to low commodity prices.

Stated net loss for fourth quarter 2014 was $43.2 million, or $1.06 per diluted share, contrast to net revenue of $25.4 million, or $0.63 per diluted share, for fourth quarter 2013. Adjusted net revenue(2) for fourth quarter 2014 was $10.0 million, or $0.24 per diluted share, contrast to adjusted net revenue of $25.5 million, or $0.65 per diluted share for fourth quarter 2013.

Bonanza Creek Energy, Inc., an independent energy corporation, engages in the attainment, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The corporation[‘s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

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.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.

Momentum Stocks Alert: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Corp (NYSE:ECR), Bonanza Creek Energy Inc (NYSE:BCEI) Reviewed by on . On Wednesday, Following Stocks were among the "Top 50 Gainers" of U.S. Stock Market: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Co On Wednesday, Following Stocks were among the "Top 50 Gainers" of U.S. Stock Market: HubSpot Inc (NYSE:HUBS), Energy XXI Ltd (NASDAQ:EXXI), Eclipse Resources Co Rating: 0

About Sheila Burnford

Leave a Comment

scroll to top