Noticeable Stocks in the Spotlight: Midstates Petroleum Company Inc (NYSE:MPO), American Express Company (NYSE:AXP), Toll Brothers Inc (NYSE:TOL), Rowan Companies PLC (NYSE:RDC)

On Monday, Shares of Midstates Petroleum Company Inc (NYSE:MPO), gained 21.00% to $5.07.

Midstates Petroleum Company declared that it received notice from the New York Stock Exchange on August 13, 2015, that the Company’s market capitalization and last stated stockholders equity had fallen below the NYSE’s continued listing standards. The NYSE requires that a listed company’s total market capitalization not be less than $50 million for a period of over 30 successive trading days and that its last stated stockholder equity not be less than $50 million.

In accordance with NYSE procedures, the Company has 45 days from its receipt of the notice to submit a business plan to the NYSE demonstrating how it intends to regain compliance with the NYSE’s continued listing standards within 18 months. The Company intends to develop and submit a business plan to bring it into compliance with the listing standards within the required timeframe. The Listings and Compliance Committee of the NYSE will then review the business plan for final disposition.

In the event the Committee accepts the plan, the Company will be subject to quarterly monitoring for compliance with the business plan and the Company’s compliance with other NYSE continued listing requirements. In the event the Committee does not accept the business plan, the Company will be subject to delisting procedures and suspension by the NYSE.

Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana.

Shares of American Express Company (NYSE:AXP), inclined 0.09% to $76.72, during its last trading session.

Driven by the passionate personality of its New York audience, hard courts, and intense competition, the US Open is considered one of the most electric events in all of sports. As part of its sponsorship of the 2015 US Open, American Express (AXP) will place Card Members and tennis fans attending the tournament at the USTA Billie Jean King National Tennis Center and those following along at home at the center of this passionate competition.

The highlight of American Express’ onsite Fan Experience will be ‘You vs. Sharapova,’ a game using virtual reality technology which allows fans to compete against international tennis star Maria Sharapova. Complementing the onsite experience, American Express will bring the excitement and competitive tension behind the game to people watching at home through daily US Open-themed #AmexTennis debates on Twitter with professionals John Isner and Monica Puig.

“Our Card Members love the thrill of the US Open and the competitive fire it ignites within them, which is all magnified by the spirit of New York,” said Deborah Curtis, vice president, global sponsorships and experiential marketing, American Express. “This year we leveraged that insight to create experiences that get fans’ blood pumping from bringing fans up close and personal with Maria’s game to spreading the fervor around the tournament through social conversation across the country.”

American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.

At the end of Monday’s trade, Shares of Toll Brothers Inc (NYSE:TOL), gained 0.90% to $36.97.

Toll Brothers, declared results for its third quarter and nine months ended July 31, 2015.

FY 2015 Third Quarter Financial Highlights:

• FY 2015’s third-quarter net income was $66.7 million, or $0.36 per share diluted, contrast to net income of $97.7 million, or $0.53 per share diluted, in FY 2014’s third quarter.
• Pre-tax income was $107.5 million, contrast to pre-tax income of $151.3 million in FY 2014’s third quarter. Comprised in FY 2015’s third-quarter cost of sales were impairments of $18.0 million and a $4.9 million net improvement in reserves, contrast to impairments of $6.0 million and a reserve reversal of $7.0 million in FY 2014’s third quarter.
• Revenues of $1.03 billion and home building deliveries of 1,419 units declined 3% in dollars and 2% in units, contrast to FY 2014’s third quarter. The average price of homes delivered was $724,000, contrast to $732,000 in FY 2014’s third quarter.
• Net signed contracts of $1.23 billion and 1,479 units rose 30% in dollars and 12% in units, contrast to FY 2014’s third quarter. The average price of net signed contracts was $834,000, the highest quarterly average in the Company’s history, contrast to $717,000 in FY 2014’s third quarter, driven by an improvement in the number and average price of California contracts.
• For the first four weeks of August, the start of the Company’s FY 2015 fourth quarter, net contracts was up 16% in units contrast to the same period in FY 2014.
• Backlog of $3.69 billion and 4,447 units rose 19% in dollars and 6% in units, contrast to FY 2014’s third-quarter-end backlog. This was the highest backlog for any quarter-end in eight years, dating back to FY 2007’s second-quarter end. At FY 2015’s third-quarter end, the average price of homes in backlog was $829,000, contrast to $737,000 at FY 2014’s third-quarter end. This was the first time that the Company’s average price in backlog at quarter end exceeded $800,000.
• Gross margin was 19.8% in FY 2015’s third quarter, contrast to 22.7% in FY 2014’s third quarter. Not taking into account interest, impairments and changes in reserves, FY 2015’s third-quarter gross margin was 25.6%, contrast to 26.1% in FY 2014’s third quarter.
• SG&A as a percentage of revenue was 11.3%, contrast to 10.4% in FY 2014’s third quarter.
• Income from operations was 8.5% of revenue, contrast to 12.3% of revenue in FY 2014’s third quarter.
• Other income and Income from unmerged entities totaled $20.0 million, contrast to $21.7 million in FY 2014’s third quarter.
• At FY 2015’s third-quarter end, the Company had about 45,400 lots owned and optioned, contrast to about 45,000 one quarter earlier and 49,000 one year ago.
• The Company ended its third quarter with 267 selling communities, contrast to 269 at FY 2015’s second-quarter end, and 256 at FY 2014’s third-quarter end. The Company anticipates to end FY 2015 with between 270 and 285 selling communities.
• The Company anticipates FY 2015 fourth quarter deliveries of between 1,645 and 1,945 units with an average price of between $780,000 and $800,000. This range results in projected full FY 2015 deliveries of between 5,350 and 5,650 units with an average delivered price of between $745,000 and $760,000.
• The Company anticipates its FY 2015 fourth quarter gross margin, not taking into account interest, impairments, and changes in reserves, to be about 26.7%, resulting in a full FY 2015 gross margin projection, not taking into account interest, impairments and changes in reserves, of about 26.2%. This is 20 basis points higher than the previous FY 2015 full year guidance. The Company anticipates continued margin expansion in FY 2016.

Toll Brothers, Inc., together with its auxiliaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the Unites States. It is also involved in building and selling homes in urban infill markets.

Finally, Rowan Companies PLC (NYSE:RDC), ended its last trade with 0.90% gain, and closed at $17.97.

Rowan Companies declared that its report of drilling rig status and contract information has been updated as of August 31, 2015. The report titled “Fleet Status Report” can be found on the Company’s website at www.rowan.com.

Notable events in the current report comprise:

• Rowan Middletown: Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.
• Charles Rowan: Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.
• Arch Rowan: Awarded three-year extension through August 2018 with Saudi Aramco at a day rate of $69,000.
• Rowan Renaissance: Rig has arrived in the U.S. Gulf of Mexico from West Africa and is at a standby day rate. It is predictable to commence operations in September 2015.
• Rowan Reliance: Rig is presently drilling North Platte #3 for Cobalt after plugging and abandoning North Platte #2 on April 6, 2015. Rowan and Cobalt have reached agreement on certain days at zero or reduced day rate which were fully reflected in the first and second quarter financial results.
• Rowan Gorilla III: Rig became available in mid-August 2015 due to early termination of its preceding contract. Revenue for balance of the contract term is predictable to be received in the third quarter 2015 and will be amortized over the contract’s original term (January 2016). The Company has the obligation to reduce amounts owed by the customer by the amount of any day rate revenue earned should the rig return to work preceding to the original term. The rig will move to the U.S. Gulf of Mexico in the third quarter 2015.
• Rowan Gorilla IV: Awarded an extension estimated for 60 days to November 2015 with Energy XXI at the current day rate of $70,000.
• Rowan EXL III: Rig replaced the Cecil Provine in mid-August working for Fieldwood Energy in the U.S. Gulf of Mexico at a day rate of $55,000 and was awarded a 30-day extension to September 2015.
• The Company continues to estimate planned out-of-service time for the third quarter and full-year of 2015 to range from 3% to 6% for its jack-ups and drillships, subject to fleet repositioning and market conditions.

Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships.

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