On Monday, Sanchez Energy Corp (NYSE:SN)’s shares declined -4.37% to $7.01.
Sanchez Energy Corporation (SN) declared that its Board of Directors (the “Board”) has adopted a net operating loss carryforwards (“NOLs”) rights plan (the “Rights Plan”) in an effort to prevent the imposition of noteworthy limitations under Section 382 of the Internal Revenue Code on its ability to utilize its current NOLs to reduce its future tax liabilities.
The Company had federal NOLs totaling about $645.1 million as of March 31, 2015. The Company’s use of its NOLs could be substantially limited if the Company experiences an “ownership change” (as defined in Section 382 of the Internal Revenue Code). In general, an ownership change occurs if there is a cumulative change in a company’s ownership by “5% percent shareholders” (as defined in Section 382 of the Internal Revenue Code) that enhances by more than 50 percentage points over the lowest percentage owned by such stockholders at any time during the preceding three years on a rolling basis. The Company noted that the Rights Plan is designed to serve the interests of all stockholders by preserving the availability of its NOLs and is similar to plans adopted by other companies with noteworthyNOLs.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. It has about 226,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale in South Texas; and about 69,000 net leasehold acres in the Tuscaloosa Marine Shale in Mississippi and Louisiana.
VeriFone Systems Inc (NYSE:PAY)’s shares gained 0.65% to $32.39.
VeriFone Systems, Inc. (PAY) will release its third quarter fiscal 2015 financial results after the market closes on September 3, 2015.
The administration of Verifone will host a webcast to review the financial results that day at 1:30 pm (PT).
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
At the end of Monday s trade, La Quinta Holdings Inc (NYSE:LQ)‘s shares surged 0.33% to $21.29.
La Quinta Holdings Inc. (LQ) stated its second quarter results on a historical basis, in addition to the results of operations on a pro forma basis, giving effect to La Quinta’s initial public offering (IPO) in 2014 and the related transactions as described below.
Second Quarter 2015 Highlights contrast to Second Quarter 2014:
- Pro Forma Total Adjusted EBITDA raised 5.5 percent to $111.8 million, and Pro forma Adjusted EBITDA margin raised 30 basis points
- Pro Forma Adjusted Net Income raised 17.8 percent to $24.2 million; historical net loss was $(4.7) million
- Pro Forma Adjusted Earnings per Share raised by $0.03 to $0.19; historical loss per share was $(0.04)
- System-wide comparable RevPAR raised 4.0 percent, ADR raised 3.0 percent and occupancy raised 67 basis points
- Pro Forma Franchise and Administration Segment Adjusted EBITDA raised 6.4 percent to $30.1 million
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras.
National Retail Properties, Inc. (NYSE:NNN), ended its Monday’s trading session with 1.94% gain, and closed at $37.89.
National Retail Properties, Inc. (NNN), a real estate investment trust, recently declared its operating results for the quarter and six months ended June 30, 2015. Highlights comprise:
Second Quarter 2015 Highlights:
- FFO per share and Recurring FFO per share raised 10.0% over preceding year results
- AFFO per share raised 9.8% over preceding year results
- Portfolio occupancy is 98.8% at June 30, 2015, compriseent with March 31, 2015, and 98.6% at December 31, 2014
- Invested $147.8 million in 37 properties with an aggregate 669,000 square feet of gross leasable area at an initial cash yield of 7.1%
- Sold three properties for $2.2 million producing $30,000 of gains on sales
- Raised $38.7 million in net proceeds from the issuance of 983,317 common shares
National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. It provides complete turn-key and built-to-suit development services counting market analysis, site selection and acquisition, entitlements, permitting, and construction administration.
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