On Wednesday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: Comstock Resources Inc. (NYSE:CRK), Sanchez Energy Company (NYSE:SN), ConAgra Foods, Inc. (NYSE:CAG), Net Element, Inc. (NASDAQ:NETE)
Comstock Resources Inc. (NYSE:CRK), with shares gained 7.62%, closed at $3.67.
Sanchez Energy Company (NYSE:SN), with shares jumped 7.26%, settled at $12.71.
ConAgra Foods, Inc. (NYSE:CAG), with shares climbed 0.90%, and closed at $34.94.
Net Element, Inc. (NASDAQ:NETE), surged 5.88%, and closed at $1.26.
Latest NEWS regarding these Stocks are depicted underneath:
Comstock Resources Inc. (NYSE:CRK)
Comstock Resources Inc. (CRK), declared that it will reduce its 2015 capital spending plan by about 22% to $248 million, a savings of over $69 million as compared to its formerly declared budget on December 18, 2014. In addition to seeing improving drilling and completion costs, the recent success of the Corporation`s first Haynesville shale refrac will allow the Corporation to release one of its operated rigs drilling in the Haynesville shale at the end of March. As a result, the Corporation now plans to spend $95 million and drill nine (8.3 net) long lateral new wells in the Haynesville shale during 2015. Comstock is also increasing capital allocated toward the Haynesville shale refrac program. The Corporation now plans to spend $23 million on 14 Haynesville refracs. There are no other noteworthy changes to the 2015 capital program. The Corporation will incur a $2.4 million early termination fee on the released rig.
In the new Haynesville shale extended lateral drilling program, Comstock has reached total depth for the first three wells, the Pyle #6-7, Shahan #5-8, and Boggess #5-8, and has recently spudded the Horn 8-17 #2. Completion operations on the Pyle #6-7 will start this week. Accomplished well costs for the first four wells are predictable to be below $11 million with further cost reductions predictable later this year.
Comstock Resources, Inc., an independent energy corporation, attains, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas.
Sanchez Energy Company (NYSE:SN)
Formerly on March 9, Sanchez Energy Company (SN), declared that Executive Vice President and Chief Financial Officer Michael G. Long (62), plans to retire effective April 30, 2015. The corporation also declared that Gleeson Van Riet, Senior Vice President of Capital Markets and Investor Relations, has been named interim Co-Chief Financial Officer, effective right away.
Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy, commented, “Mike joined Sanchez Oil & Gas in 2008 and during his tenure has contributed significantly to the formation, administration and growth of Sanchez Energy since its IPO in 2011.Recently the corporation is well positioned to continue its track record of success with strong liquidity, a solid capital structure and an asset base with an attractive and deep inventory. Mike has had a long and successful career dedicated to the energy industry, and we wish him and his family all the best as he plans this next phase of his life.”
Sanchez Energy Corporation, an independent exploration and production corporation, focuses on the attainment, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
ConAgra Foods, Inc. (NYSE:CAG)
Formerly on March 19, ConAgra Foods, Inc. (CAG), will report its fiscal 2015 third-quarter results on Thursday, March 26, 2015. The news release will be issued at about 7:30 a.m. EDT.
ConAgra Foods will host a conference call at 9:30 a.m. EDT to talk about the results. Following the corporation’s remarks, the call will comprise a question-and-answer session with the investment community.
ConAgra Foods, Inc. operates as a food corporation primarily in North America. The corporation operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The Consumer Foods segment provides branded food products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts to various retail channels, such as grocery and convenience stores across frozen, refrigerated, and shelf-stable temperature classes.
Net Element, Inc. (NASDAQ:NETE)
Net Element, Inc. (NETE), declared the formation of a joint venture between the Corporation and UAE-based industry professionals to sell and deliver Net Element’s payment-as-a-service solutions to all Gulf Cooperation Council states and India.
The JV will be financed solely by the local partners, who will own 80% with the Corporation maintaining a 20% equity stake in the JV. Net Element will be the exclusive provider of payment services to the JV, which will in turn have the exclusive rights to sell Net Element’s services in the territory and market such services under Net Element’s brand. The new venture is organized under the laws of the United Arab Emirates under the name Net Element, LLC.
This year, the UAE is predictable to become the first country in the world with a fully integrated digital payment platform supported by all banks operating in the country according to the Global Payments 2020: Transformation and Convergence report by BNY Mellon.
Net Element, Inc., a technology corporation, specializes in mobile commerce and payment processing for electronic commerce in the United States, Russia, and the Ordinarywealth of Independent States.
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