On Monday, Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s shares inclined 7.10% to $18.10.
PATTERSON-UTI ENERGY, INC. (PTEN) stated that for the month of July 2015, the Company had an average of 111 drilling rigs operating in the United States and four rigs in Canada.
Average drilling rigs operating stated in the Company’s monthly declarements represent the average number of the Company’s drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services primarily in Texas, New Mexico, Louisiana, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, Ohio, West Virginia, and western and northern Canada.
Bill Barrett Corporation (NYSE:BBG)’s shares gained 11.46% to $5.25.
Bill Barrett Corporation (BBG) declared that it is providing an update on certain second quarter 2015 commodity price data.
For the second quarter of 2015, West Texas Intermediate (“WTI”) oil prices averaged $57.94 per barrel, Northwest Pipeline (“NWPL”) natural gas prices averaged $2.38 per MMBtu and NYMEX natural gas prices averaged $2.65 per MMBtu. The Company had derivative commodity swaps in place for the second quarter of 2015 for 11,300 barrels of oil per day tied to WTI pricing at $90.39 per barrel, 20,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.13 per MMBtu and no hedges in place for natural gas liquids (“NGLs”). Based on preliminary results, the Company anticipates to realize a cash commodity derivative gain of about $36.5 million in the second quarter due to positive derivative positions and estimates that it will record about $64.2 million in non-cash, unrealized commodity derivative loss. The Company anticipates its second quarter commodity price differentials to benchmark pricing before commodity derivative gains, related to delivery location and quality adjustments, to approximate: oil less $9.26 price per barrel as compared to WTI; and natural gas less $0.05 price per thousand cubic feet as compared to NWPL. NGL sales are predictable to average 22% of WTI price per barrel.
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
At the end of Monday’s trade, Tyson Foods, Inc. (NYSE:TSN)‘s shares surged 2.44% to $42.87.
Tyson Foods Inc.’s (TSN) partner, Tyson Food Service, and its Italian products brand, BONICI, have undertaken five planned initiatives to enhance the efficiency and profitability of the brand. These initiatives focus on the growing pizza category, as 19% consumers want more pizza on the menu, per Technomic’s 2014 The Pizza Trend Report.
BONICI brands offer a complete line of Italian products, counting pepperoni and toppings, dough, crusts and chicken products.
Tyson Food Service provides expertise, insights and production capabilities and offers more than 2,500 products across six core brands — Tyson, BONICI, Wright Brand, Mexican Original, IBP Trusted Excellence and Lady Aster.
Among the five strategies, the first one aims to enhance the versatility of the traditional pizza to match the taste of modern consumers.
Lastly, Tyson Food Service suggested the brand to partner with other food service providers and food brands to optimize offerings.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
Hologic, Inc. (NASDAQ:HOLX), ended its Monday’s trading session with 1.89% gain, and closed at $41.51.
Hologic Inc (HOLX) declared that the Company will present at the Canaccord Genuity Growth Conference in Boston on Wednesday, August 12 at 3:30 p.m. Eastern Time (ET) and the Morgan Stanley Global Healthcare Conference in New York on Wednesday, September 16, 2015 at 11:40 a.m. ET.
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States and internationally. The company operates in four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. The Diagnostics segment provides Aptima family of assays, target capture/nucleic acid extraction technology, transcription-mediated amplification technology, hybridization protection and dual kinetic assays, instrumentation, Invader chemistry platform, ThinPrep system, fetal fibronectin tests, Procleix family of assays, and virology and infectious disease products.
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