On Monday, Shares of Facebook, Inc. (NASDAQ:FB), lost -0.64% to $78.01.
Facebook, declared that Dave Wehner, CFO, and Carolyn Everson, Vice President, Global Marketing Solutions, will take part in the J.P. Morgan Technology, Media and Telecom Conference on May 18, 2015 at 10:40 a.m. Eastern Time.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Shares of Monster Beverage Corporation (NASDAQ:MNST), inclined 4.31% to $134.01, during its last trading session, after analysts at Citigroup upgraded the company to “buy” from “neutral”.
The firm also issued a $155 price target, saying the stock has pulled back 10% despite its attractive long-term growth potential.
Monster Beverage Corporation, through its auxiliaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. It operates in two segments, Direct Store Delivery and Warehouse.
At the end of Monday’s trade, Shares of Whiting Petroleum Corp. (NYSE:WLL), dipped -2.09% to $34.71.
Whiting Petroleum Corporation’s production in the first quarter 2015 totaled 15.0 million barrels of oil equivalent (MMBOE), 88% crude oil/natural gas liquids (NGLs). First quarter 2015 production averaged 166,930 barrels of oil equivalent per day (BOE/d). This represents a 3% pro forma enhance over the full fourth quarter 2014.
Operating and Financial Results
Non-Core Property Sales
On April 15, 2015, Whiting sold older, conventional, operated and non-operated properties to a private buyer for $108 million. The properties were predominantly assets from Whiting USA Trust I, which reverted to Whiting Petroleum Corporation ownership in January 2015. The effective date of the sale is May 1, 2015 and the sale closed on April 15, 2015. The properties spanned about 4,000 wells, counting several multi-well units, in 187 fields across 14 states. Reserves totaled an estimated 8.2 MMBOE (86% oil) as of the effective date of the sale with estimated remaining 2015 production of 2,200 BOE/d. The sale was consistent with Whiting’s ongoing 2015 plans to sell mature properties with higher LOE per BOE than its core Bakken and Niobrara assets. LOE for the properties averaged about $25.00 per BOE as compared to $6.50 per BOE in the Bakken and $9.00 per BOE in our core Niobrara area.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
Finally, YY Inc. (NASDAQ:YY), ended its last trade with 1.25% gain, and closed at $68.97.
YY, declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Net revenues raised by 72.6% to RMB1,150.3 million (US$185.6 million) from RMB666.3 million in the corresponding period of 2014.
- Net income attributable to YY Inc. raised by 23.6% to RMB227.0 million (US$36.5 million) from RMB183.6 million in the corresponding period of 2014.
- Non-GAAP net income attributable to YY Inc. raised by 24.7% to RMB258.8 million (US$41.6 million) from RMB207.6 million in the corresponding period of 2014.
YY Inc., through its auxiliaries, operates an online social platform in the People’s Republic of China. It engages users in real-time online group activities through voice, video, and text on personal computers and mobile devices; and enables users to create and organize groups of various sizes to discover and take part in a range of online activities, counting music shows, online games, dating shows, live games broadcasting, and e-learning.
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