On Wednesday, Pioneer Natural Resources (NYSE:PXD)’s shares inclined 1.15% to $125.00.
Pioneer Natural Resources Company (PXD) provided updates on (i) the Company’s expected production for the second quarter of 2015, (ii) expected production for full-year 2015 and (iii) commodity derivatives positions through 2017.
Second Quarter 2015 Production
Pioneer’s production averaged 197 thousand barrels oil equivalent per day (MBOEPD) in the second quarter of 2015, of which 51% was oil production. Oil sales averaged 101 thousand barrels per day (MBPD), natural gas liquids (NGLs) sales averaged 37 MBPD and gas sales averaged 356 million cubic feet per day. The Company’s production guidance for the quarter was 198 MBOEPD to 203 MBOEPD.
Strong Spraberry/Wolfcamp production performance in the second quarter (119 MBOEPD) was partially offset by lower-than-expected production in the Eagle Ford Shale (46 MBOEPD). The shortfall in the Eagle Ford Shale was primarily due to (i) fewer wells being placed on production during the quarter as a result of weather delays and (ii) well performance issues in LaSalle County, an area outside of Pioneer’s core acreage in Karnes and Dewitt counties. Second quarter production in the West Panhandle field (7 MBOEPD) was also negatively impacted by a longer-than-expected turnaround at the Fain gas processing plant and weather impacts.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
The Western Union Company (NYSE:WU)’s shares gained 0.05% to $19.11.
Western Union (WU), a leader in global payment services, declared the extension of its more than 30-year relationship with The Kroger Co. (KR), the nation’s largest grocery retailer. This agreement gives customers the ability to send and receive Western Union Money Transfer® transactions across the United States or across the globe to more than 200 countries and territories, in minutes*. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
Date accessible will be displayed on receipt for international transfers over $15. Service and funds availability depends on certain factors counting the Service selected, the selection of delayed delivery options, special terms applicable to each Service, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, and differences in time zones (collectively, “Restrictions”).
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. This segment provides various options for sending and receiving funds, counting walk-in and telephone money transfer, online money transfer, and account based money transfer services through a network of third-party agents using multi-currency and real-time money transfer processing systems.
At the end of Wednesday’s trade, Fortinet Inc (NASDAQ:FTNT)‘s shares dipped -1.54% to $42.30.
Fortinet(R) (FTNT), a global leader in high performance cyber security solutions, declared financial results for the second quarter ended June 30, 2015.
Financial Highlights for the Second Quarter of 2015
- Billings1: Total billings were $297.2 million for the second quarter of 2015, an enhance of 40% contrast to $213.0 million in the same quarter of 2014.
- Revenue:Total revenue was $239.8 million for the second quarter of 2015, an enhance of 30% contrast to $184.1 million in the same quarter of 2014. Within total revenue, product revenue was $114.8 million, an enhance of 34% contrast to $85.4 million in the same quarter of 2014. Service revenue was $125.0 million, an enhance of 27% contrast to $98.7 million in the same quarter of 2014.
- Deferred Revenue:Total deferred revenue was $657.6 million as of June 30, 2015, an enhance of $57.4 million from $600.2 million as of March 31, 2015.
- Cash and Cash Flow2:As of June 30, 2015, cash, cash equivalents and investments were $1.15 billion, contrast to $1.07 billion as of March 31, 2015. In the second quarter of 2015, cash flow from operations was $84.3 million contrast to $43.8 million in the same quarter of 2014. Free cash flow1 was $73.5 million during the second quarter of 2015 contrast to $34.1 million in the same quarter of 2014.
Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products. It also offers FortiAP secure wireless access points; FortiWeb that provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient, an endpoint security product for desktops, laptops, and mobile devices; FortiScan for endpoint vulnerability assessment and remediation; and FortiSwitch Ethernet switches.
LyondellBasell Industries NV (NYSE:LYB), ended its Wednesday’s trading session with -0.33% loss, and closed at $95.74.
LyondellBasell (LYB) will declare second-quarter financial results before the U.S. market opens on Tuesday, July 28, to be followed by a conference call to talk about results at 11 a.m. EST.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Refining; and Technology.
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